SEDAR Interim Financial Statements

[
  {
    "companyName": "Grounded People Apparel Inc.",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 6793,
      "accountsReceivable": 10500,
      "taxesReceivable": 22059,
      "prepaidExpense": 2389,
      "inventory": 23724,
      "totalCurrentAssets": 65465,
      "totalAssets": 65465,
      "accountsPayableAndAccruedLiabilities": 765343,
      "loansPayable": 120000,
      "totalCurrentLiabilities": 885343,
      "totalLiabilities": 885343,
      "shareCapital": 6701200,
      "reserves": 2353129,
      "deficit": -9874207,
      "totalDeficiency": -819878,
      "totalLiabilitiesAndDeficiency": 65465,
      "cashPerShare": 0.0002,
      "workingCapitalPerShare": -0.0298
    },
    "incomeStatement": {
      "sales": 20748,
      "costOfGoodsSold": 8128,
      "grossProfit": 12620,
      "advertisingAndMarketing": -84700,
      "consultingFees": 180681,
      "officeAndMiscellaneous": 16674,
      "professionalFees": 177888,
      "sellingExpense": 57232,
      "shareBasedCompensation": 42278,
      "transferAgentAndFilingFees": 23916,
      "wagesAndSalaries": 28216,
      "totalExpenses": 442185,
      "netLossBeforeOtherIncome": -429565,
      "otherIncome": 0,
      "netAndComprehensiveLoss": -429565,
      "basicAndDilutedLossPerShare": -0.02,
      "weightedAverageNumberOfCommonSharesOutstanding": 27468004
    },
    "cashFlowStatement": {
      "netAndComprehensiveLoss": -429565,
      "shareBasedCompensation": 42278,
      "changesInTaxesReceivable": 54629,
      "changesInPrepaidExpense": 23439,
      "changesInInventory": 8128,
      "changesInAccountsPayableAndAccruedLiabilities": 191281,
      "cashUsedInOperatingActivities": -109810,
      "proceedsFromPrivatePlacement": 0,
      "proceedsFromExerciseOfWarrants": 0,
      "cashProvidedByFinancingActivities": 0,
      "changeInCashDuringThePeriod": -109810,
      "cashBeginningOfPeriod": 116603,
      "cashEndOfPeriod": 6793
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "Grounded People Apparel (US) SPC",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Wholly-owned subsidiary, consolidated."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 27475240,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 1320000,
          "exercisePrice": 0.5,
          "expiryDate": "2028-12-27"
        },
        {
          "number": 625000,
          "exercisePrice": 1.0,
          "expiryDate": "2029-04-17"
        },
        {
          "number": 1016667,
          "exercisePrice": 0.75,
          "expiryDate": "2029-08-12"
        },
        {
          "number": 1150000,
          "exercisePrice": 0.71,
          "expiryDate": "2029-11-20"
        }
      ],
      "options": [
        {
          "number": 888000,
          "exercisePrice": 0.3,
          "expiryDate": "2026-06-28"
        },
        {
          "number": 200000,
          "exercisePrice": 0.3,
          "expiryDate": "2026-12-01"
        },
        {
          "number": 413000,
          "exercisePrice": 0.35,
          "expiryDate": "2027-05-19"
        },
        {
          "number": 3410000,
          "exercisePrice": 0.56,
          "expiryDate": "2029-05-29"
        },
        {
          "number": 100000,
          "exercisePrice": 1.1,
          "expiryDate": "2029-10-29"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-11-30": {
          "wagesAndSalaries": 20000,
          "consultingFees": 0,
          "revenueRoyalties": 104,
          "shareBasedCompensation": 42278,
          "total": 62382
        }
      },
      "namedIndividuals": [
        {
          "name": "Maximilian Justus",
          "title": "Director, CEO",
          "period": "2025-11-30",
          "components": {
            "salary": 20000,
            "bonus": 0,
            "total": 20000
          }
        },
        {
          "name": "Christopher Gulka",
          "title": "CFO",
          "period": "2025-11-30",
          "components": {
            "salary": 0,
            "bonus": 0,
            "total": 42278
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Maximilian Justus",
          "description": "Advances during the period, repaid",
          "amount": 23264,
          "period": "2025-11-30"
        },
        {
          "counterparty": "Maximilian Justus",
          "description": "Royalties payable",
          "amount": 2223,
          "period": "2025-11-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Cancelled 5,011,000 stock options and 4,111,667 warrants.",
        "impactValue": null
      }
    ]
  }
]