SEDAR Interim Financial Statements

[
  {
    "companyName": "FTI FoodTech International Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": -15805,
      "accountsReceivable": 16816,
      "barterCredits": 167622,
      "prepaidExpensesAndDeposits": 147216,
      "inventories": 6016,
      "otherReceivables": 34913,
      "totalCurrentAssets": 356778,
      "nonCurrentBarterCredits": 12218,
      "advanceToRelatedCompaniesNonCurrent": -56167,
      "totalAssets": 312829,
      "accountsPayableAndAccruedLiabilities": 409026,
      "shortTermLoan": 24125,
      "advanceFromShareholder": 83506,
      "totalCurrentLiabilities": 516657,
      "advanceFromRelatedCompaniesNonCurrent": 64814,
      "totalLiabilities": 581471,
      "shareCapital": 6132399,
      "warrants": 672178,
      "accumulatedDeficit": -7073219,
      "totalShareholderEquity": -268642,
      "cashPerShare": -0.0008,
      "workingCapitalPerShare": -0.0079
    },
    "incomeStatement": {
      "revenue": 1175,
      "costOfProductSales": 35675,
      "grossProfit": -34500,
      "generalAndAdministrative": 1419765,
      "lossBeforeIncomeTaxes": -1454265,
      "incomeTaxExpenseRecovery": 0,
      "netLoss": -1454265,
      "netLossPerShareBasicAndDiluted": -0.07,
      "weightedAverageSharesOutstandingBasic": 20131771
    },
    "cashFlowStatement": {
      "netLoss": -1454265,
      "stockBasedCompensation": 0,
      "interestAccruedOnShortTermLoan": -1750,
      "changesInNonCashOperatingItems": 277848,
      "cashUsedInOperatingActivities": -1178167,
      "proceedsFromRelatedCompany": 14147,
      "advancesToRelatedCompany": 56167,
      "advancesFromShareholderAndRelatedCompany": 0,
      "repaymentOfShortTermLoan": -50000,
      "proceedsFromDebt": 50000,
      "proceedsFromPrivatePlacement": 1086412,
      "repaymentOfAdvancesFromShareholder": 1518,
      "cashProvidedByFinancingActivities": 1158244,
      "netChangeInCash": -19923,
      "cashBeginningOfPeriod": 4118,
      "cashEndOfPeriod": -15805
    },
    "investmentsAndOtherAssets": [
      {
        "type": "BarterCredits",
        "description": "Non-cash assets used in barter exchanges for goods and services",
        "ownershipPercentage": null,
        "value": 167622,
        "notes": "Classified as current asset, expected to be used within 12 months"
      },
      {
        "type": "BarterCredits",
        "description": "Non-cash assets used in barter exchanges for goods and services",
        "ownershipPercentage": null,
        "value": 12218,
        "notes": "Classified as non-current asset, expected to be used beyond 12 months"
      },
      {
        "type": "IntangibleAssets",
        "description": "Intellectual property rights",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Acquired from Rejuven8 Cosmetics Inc., fully impaired at acquisition"
      },
      {
        "type": "AdvanceToRelatedCompany",
        "description": "Advance to related company (non-current)",
        "ownershipPercentage": null,
        "value": 56167,
        "notes": "Advance to a related company, non-current"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 23281363,
      "classesOfShares": ["common shares", "preferred shares"],
      "warrants": [
        {
          "number": 2000000,
          "exercisePrice": 0.16,
          "expiryDate": "2027-02-10"
        },
        {
          "number": 3912500,
          "exercisePrice": 0.35,
          "expiryDate": "2030-05-06"
        },
        {
          "number": 420875,
          "exercisePrice": 0.20,
          "expiryDate": "2026-05-06"
        }
      ],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDecember312025": {
          "salaries": 278703,
          "shareBased": null,
          "bonus": null,
          "otherBenefits": null
        }
      },
      "namedIndividuals": [
        {
          "name": "Stephen Brown",
          "title": "CEO",
          "period": "nineMonthsEndedDecember312025",
          "components": {
            "salary": 50000,
            "bonus": null,
            "total": 50000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Cardinal Biologicals Ltd.",
          "description": "Advances from related company",
          "amount": 64106,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "William Hullah",
          "description": "Advance from shareholder",
          "amount": 82980,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "Criteria Management Ltd.",
          "description": "Salaries & wages, rent expenses, legal and audit fees",
          "amount": 365162,
          "period": "Nine months ended December 31, 2025"
        },
        {
          "counterparty": "Portofino Cosmetic Inc.",
          "description": "Rent expenses, legal and audit fees",
          "amount": 56004,
          "period": "Nine months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Intellectual Property Acquisition - pending regulatory clearance for share issuance",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "New tariffs levied by US and Canadian governments on imported goods, creating economic uncertainty",
        "impactValue": null
      }
    ]
  }
]