SEDAR Interim Financial Statements

[
  {
    "companyName": "Fab-Form Industries Ltd.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 2743518,
      "shortTermInvestments": 1530691,
      "tradeAndOtherReceivables": 532168,
      "inventories": 857850,
      "totalCurrentAssets": 5664227,
      "propertyAndEquipment": 607571,
      "rightOfUseAssets": 66512,
      "deferredDevelopmentCosts": 213171,
      "intangibleAssets": 339888,
      "totalNonCurrentAssets": 1227142,
      "totalAssets": 6891369,
      "tradeAndOtherPayables": 506241,
      "leaseLiabilitiesCurrent": 70662,
      "corporateTaxPayable": 95085,
      "totalCurrentLiabilities": 671988,
      "leaseLiabilitiesNonCurrent": 0,
      "deferredTaxLiability": 45758,
      "totalNonCurrentLiabilities": 45758,
      "totalLiabilities": 717746,
      "shareCapital": 1388006,
      "retainedEarnings": 4785617,
      "totalEquity": 6173623,
      "cashPerShare": 0.299,
      "workingCapitalPerShare": 0.5442,
      "weightedAverageSharesOutstanding": 9174507
    },
    "incomeStatement": {
      "revenue": 859728,
      "costOfSales": -572722,
      "grossProfit": 287006,
      "generalAndAdministration": -179301,
      "sellingAndMarketing": -81614,
      "totalExpenses": -260915,
      "earningsFromOperations": 26091,
      "financeCost": -629,
      "otherIncomeExpense": -1301,
      "earningsBeforeIncomeTaxes": 24161,
      "incomeTaxes": -11001,
      "netEarnings": 35162,
      "basicEarningsPerShare": 0.004,
      "dilutedEarningsPerShare": 0.004,
      "weightedAverageSharesOutstanding": 9174507
    },
    "cashFlowStatement": {
      "netEarnings": 35162,
      "amortizationAndDepreciation": 30916,
      "depreciationRightOfUseAssets": 28506,
      "exchangeGains": -5062,
      "incomeTaxes": -11001,
      "financeCostLeaseLiabilities": 629,
      "changesInWorkingCapital": {
        "tradeAndOtherReceivables": 260996,
        "inventories": -154327,
        "tradeAndOtherPayables": -14027
      },
      "cashGeneratedFromOperatingActivities": 181916,
      "incomeTaxesPaid": -43000,
      "netCashFromOperatingActivities": 138916,
      "shortTermInvestments": 1533345,
      "purchaseOfPropertyAndEquipment": -140937,
      "proceedsFromSaleOfAsset": 0,
      "deferredDevelopmentCosts": -38537,
      "intangibleAssets": -50308,
      "netCashUsedInInvestingActivities": 1303564,
      "leasePayments": -30609,
      "netCashUsedInFinancingActivities": -30609,
      "netIncreaseInCash": 1411871,
      "cashAtBeginningOfPeriod": 1336709,
      "effectsOfExchangeRateChanges": -5062,
      "cashAtEndOfPeriod": 2743518
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Short-term investments",
        "ownershipPercentage": null,
        "value": 1530691,
        "notes": "Short-term investments held at FVTPL"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 9174507,
      "classesOfShares": [
        "Common Shares"
      ],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "Quarter ended 31 December 2025",
          "totalManagementRemuneration": 123576,
          "totalDirectorsFees": 13750
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Shape Energy Inc.",
          "description": "Consultancy Fee / Expense reimbursement",
          "amount": 340,
          "period": "Quarter ended 31 December 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-14",
        "description": "Acquired a strategic residential property at 15643 Buena Vista Avenue, White Rock, British Columbia for $2,451,645 (inclusive of taxes and fees).",
        "impactValue": 2451645
      },
      {
        "eventDate": "2026-01-15",
        "description": "Entered into a third-party logistics and fulfillment agreement with All 3 Pools LLC to establish US fulfillment branch in Springfield, Missouri.",
        "impactValue": null
      },
      {
        "eventDate": "2026-02-20",
        "description": "Board approved renewal of existing lease of warehouses in Delta BC. Lease terms yet to be agreed.",
        "impactValue": null
      }
    ]
  }
]