SEDAR Interim Financial Statements

[
  {
    "companyName": "1933 INDUSTRIES INC.",
    "reportingPeriodEnd": "2025-10-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 405843,
      "receivables": 1501764,
      "inventory": 3051149,
      "biologicalAssets": 593415,
      "prepaidExpensesAndDeposits": 396155,
      "totalCurrentAssets": 5948326,
      "propertyAndEquipment": 10249053,
      "totalAssets": 16197379,
      "accountsPayableAndAccruedLiabilities": 2945398,
      "incomeTaxPayable": 315262,
      "currentPortionOfLeaseLiability": 281470,
      "convertibleDebentures": 3086835,
      "totalCurrentLiabilities": 6628965,
      "leaseLiability": 13998985,
      "totalLiabilities": 20627950,
      "shareCapital": 83891761,
      "reserves": 10801106,
      "accumulatedOtherComprehensiveLoss": -506567,
      "deficit": -98616871,
      "totalShareholdersDeficiency": -4430571,
      "cashPerShare": 0.0008,
      "workingCapitalPerShare": -0.0014
    },
    "incomeStatement": {
      "revenues": 3965932,
      "costOfSales": -3073164,
      "grossProfitExcludingFairValueAdjustments": 892768,
      "changeInFairValueDueToBiologicalTransformation": 590511,
      "fairValueAdjustmentOnSaleOfBiologicalAssets": -504976,
      "grossProfit": 978303,
      "accretionExpense": 59060,
      "depreciation": 38630,
      "gainOnExtinguishmentOfConvertibleDebenture": -431851,
      "gainOnSaleOfPropertyAndEquipment": 0,
      "generalAndAdministration": 217220,
      "interestExpense": 67257,
      "licenseTaxesAndInsurance": 513942,
      "managementAndConsultingFees": 91045,
      "otherIncome": 0,
      "professionalFees": 119050,
      "shareBasedCompensation": 508,
      "wagesAndBenefits": 164223,
      "totalExpenses": 839084,
      "incomeBeforeIncomeTaxExpense": 139219,
      "currentIncomeTaxExpense": 0,
      "netIncomeForThePeriod": 139219,
      "netLossFromDiscontinuedOperations": -188,
      "foreignCurrencyTranslationAdjustment": 28217,
      "comprehensiveIncomeForThePeriod": 167249,
      "weightedAverageSharesOutstanding": 495975107
    },
    "cashFlowStatement": {
      "netIncomeForThePeriod": 139219,
      "depreciationIncludedInCostOfSales": 219912,
      "fairValueAdjustmentOnSaleOfBiologicalAssets": -590511,
      "fairValueAdjustmentOnSaleOfInventory": 504976,
      "accretionExpense": 59060,
      "depreciation": 38630,
      "gainOnExtinguishmentOfDebenture": -431851,
      "gainOnSaleOfPropertyAndEquipment": 0,
      "interestExpense": 450455,
      "shareBasedCompensation": 508,
      "changesInReceivables": 530926,
      "changesInInventory": -125209,
      "changesInBiologicalAssets": 91233,
      "changesInPrepaidExpensesAndDeposits": -79814,
      "changesInAccountsPayableAndAccruedLiabilities": -536820,
      "changesInIncomeTaxPayable": 3047,
      "changesInLeaseLiability": 49232,
      "netCashProvidedByOperatingActivities": 322993,
      "proceedsFromSaleOfPropertyAndEquipment": 0,
      "netCashProvidedByInvestingActivities": 0,
      "repaymentOfLeaseLiability": -447819,
      "repaymentOfNotePayable": -47500,
      "netCashUsedInFinancingActivities": -495319,
      "effectOfExchangeRateOnCash": 32380,
      "changeInCashFromDiscontinuingOperations": -188,
      "changeInCashFromContinuingOperations": -139946,
      "cashBeginningOfPeriod": 545977,
      "cashEndOfPeriod": 405843
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "Alternative Medicine Association LLC - Cannabis cultivation and production",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% owned subsidiary, functional currency USD"
      },
      {
        "type": "Subsidiary",
        "description": "1933 Management Services Inc. - Holding company",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% owned subsidiary, functional currency USD"
      },
      {
        "type": "Biological Assets",
        "description": "Cannabis plants",
        "ownershipPercentage": null,
        "value": 593415,
        "notes": "Fair value measurement categorized as Level 3; average grow cycle 6 weeks"
      },
      {
        "type": "Property and Equipment",
        "description": "Cultivation and production facilities",
        "ownershipPercentage": null,
        "value": 10249053,
        "notes": "Includes leasehold improvements, production equipment, and right-of-use assets"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 495975107,
      "classesOfShares": ["common shares", "preferred shares"],
      "warrants": [
        {
          "number": 3700000,
          "exercisePrice": 0.08,
          "expiryDate": "2025-11-09"
        }
      ],
      "options": [
        {
          "number": 10550000,
          "exercisePrice": 0.1,
          "expiryDate": "2025-11-08"
        },
        {
          "number": 8740000,
          "exercisePrice": 0.05,
          "expiryDate": "2027-08-24"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.05,
          "expiryDate": "2028-10-27"
        }
      ],
      "rightsConvertibleInstruments": "Convertible debentures convertible into units (each unit: one common share and one warrant) at $0.05 per unit"
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025": {
          "managementAndConsultingFees": 90285,
          "shareBasedCompensation": 508,
          "directorsFees": 0
        },
        "2024": {
          "managementAndConsultingFees": 183552,
          "shareBasedCompensation": 2542,
          "directorsFees": 8000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Mr. Caleb Zobrist",
          "description": "Acquisition of remaining 9% membership interest in Alternative Medicine Association LC (AMA) for USD$50,000",
          "amount": 50000,
          "period": "2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-08",
        "description": "10,550,000 stock options with an exercise price of $0.10 expired",
        "impactValue": null
      },
      {
        "eventDate": "2025-11-09",
        "description": "3,700,000 share purchase warrants with an exercise price of $0.08 expired",
        "impactValue": null
      }
    ]
  }
]