SEDAR Interim Financial Statements
[ { "companyName": "Avante Corp.", "reportingPeriodEnd": "2025-12-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cashAndCashEquivalents": 4963056, "accountsReceivable": 7504159, "inventories": 1047283, "contractAssets": 299679, "prepaidExpenses": 719019, "totalCurrentAssets": 14533196, "propertyPlantAndEquipment": 2592179, "deferredTaxAssets": 292569, "intangibleAssets": 1964977, "goodwill": 4440144, "totalNonCurrentAssets": 9289869, "totalAssets": 23823065, "accountsPayableAndAccruedLiabilities": 3046823, "loanFromOfficer": 109624, "corporateTaxPayable": 3005, "obligationsUnderLeaseCurrent": 761421, "contractLiabilities": 4038804, "totalCurrentLiabilities": 7959677, "obligationsUnderLeaseNonCurrent": 549617, "dividendPayableToNonControllingShareholderOfNSSG": 227044, "cashSettledShareBasedPaymentLiabilities": 1958032, "deferredTaxLiability": 141689, "totalNonCurrentLiabilities": 2876382, "totalLiabilities": 10836059, "shareCapital": 30239034, "contributedSurplus": 2596660, "accumulatedOtherComprehensiveDeficit": -132804, "accumulatedDeficit": -19889208, "totalEquityAttributableToEquityHolders": 12813682, "nonControllingInterest": 173324, "totalEquity": 12987006, "totalEquityAndLiabilities": 23823065, "cashPerShare": 0.1863, "workingCapitalPerShare": 0.2467 }, "incomeStatement": { "revenuesFromContinuingOperations": 26723960, "costOfSales": 15892305, "grossProfit": 10831655, "salariesBenefitsAndCommissions": 5070033, "administration": 3740679, "depreciationOnCapitalAssets": 732477, "amortizationOnIntangibleAssets": 499014, "merchantTransactionFeesAndBankCharges": 369037, "shareBasedPayments": 65207, "totalOperatingExpenses": 10476447, "incomeBeforeOtherIncomeAndExpenses": 355208, "miscellaneousIncome": -149935, "interestExpense": 216053, "foreignExchangeLoss": 77557, "totalOtherIncomeExpenses": 143675, "incomeBeforeReorganizationAndAcquisitionCosts": 211533, "reorganizationDevelopmentAndAcquisitionCosts": 0, "incomeBeforeIncomeTaxes": 211533, "currentIncomeTaxExpense": 24851, "netIncomeFromContinuingOperations": 186682, "netIncomeForPeriod": 186682, "netIncomeAttributableToEquityHolders": 214815, "nonControllingInterests": -28133, "otherComprehensiveIncomeUnrealizedGainLossOnTranslatingForeignOperations": -21423, "totalComprehensiveIncome": 165259, "basicEarningsPerShare": 0.008, "dilutedEarningsPerShare": 0.008, "weightedAverageSharesOutstanding": 26648739 }, "cashFlowStatement": { "comprehensiveIncomeForPeriod": 186682, "lossOnDisposalOfCapitalAssets": 149536, "shareBasedPayments": 65207, "interestOnBankLoansAndLeases": 171820, "depreciationOnCapitalAssets": 732477, "amortizationOnIntangibleAssets": 499014, "amortizationOnCapitalizedCommission": 4132, "totalAdjustmentsBeforeWorkingCapital": 1632916, "accountsReceivableChange": -77715, "inventoriesChange": -16134, "contractAssetsChange": -72022, "prepaidExpensesChange": -293218, "currentIncomeTaxChange": -250883, "accountsPayableAndAccruedLiabilitiesChange": -962722, "contractLiabilitiesChange": 1698763, "netChangeInNonCashWorkingCapital": 26069, "netCashFromOperatingActivities": 1658985, "loanFromOfficer": 7124, "obligationsUnderLease": 54264, "interestOnBankLoansAndLeasesPaid": -165282, "netCashFromFinancingActivities": 61388, "capitalizedDevelopmentCosts": -236099, "purchaseOfCapitalAssets": -447804, "disposalOfCapitalAssets": 147564, "additionsToLeases": -775479, "netCashFromInvestingActivities": -1459382, "increaseInCash": 260991, "cashAndCashEquivalentsBeginning": 4723488, "unrealizedForeignExchangeGain": -21423, "cashAndCashEquivalentsEnding": 4963056 }, "investmentsAndOtherAssets": [], "shareStructure": { "authorizedShares": "Unlimited common shares", "issuedShares": 26648739, "classesOfShares": ["Common Shares"], "warrants": [], "options": [ { "number": 200000, "exercisePrice": 0.88, "expiryDate": "2027-04-28" }, { "number": 200000, "exercisePrice": 0.97, "expiryDate": "2027-04-28" }, { "number": 200000, "exercisePrice": 1.07, "expiryDate": "2027-04-28" }, { "number": 200000, "exercisePrice": 1.18, "expiryDate": "2027-04-28" }, { "number": 100000, "exercisePrice": 0.88, "expiryDate": "2027-04-28" }, { "number": 250000, "exercisePrice": 0.80, "expiryDate": "2027-09-26" }, { "number": 200000, "exercisePrice": 0.77, "expiryDate": "2027-09-26" }, { "number": 100000, "exercisePrice": 0.88, "expiryDate": "2028-08-29" }, { "number": 130000, "exercisePrice": 0.81, "expiryDate": "2034-09-27" }, { "number": 25000, "exercisePrice": 0.98, "expiryDate": "2035-06-06" }, { "number": 60000, "exercisePrice": 0.98, "expiryDate": "2035-06-06" }, { "number": 15000, "exercisePrice": 1.03, "expiryDate": "2030-11-25" }, { "number": 15000, "exercisePrice": 1.03, "expiryDate": "2030-11-25" } ], "rightsConvertibleInstruments": "Put option granted to non-controlling interest of NSSG" }, "managementCompensation": { "currency": "CAD", "periods": { "2025-12-31": { "salary": 495183, "bonus": 515157, "directorFees": 150000, "shareBasedPayments": 26016, "total": 1186356 } }, "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Company controlled by significant shareholder", "description": "Consulting services", "amount": 0, "period": "2025-09-30" }, { "counterparty": "Family member of significant shareholder", "description": "Sales services", "amount": 94674, "period": "2025-09-30" }, { "counterparty": "Family member of significant shareholder", "description": "Strategic consulting services", "amount": 37462, "period": "2025-09-30" }, { "counterparty": "Fairfax Financial Holdings Limited affiliates", "description": "Standby fee on undrawn loan facility", "amount": 37500, "period": "2025-09-30" } ] }, "subsequentEvents": [] } ]