None
SEDAR Interim Financial Statements
NPRA · Price
[
{
"companyName": "NEPRA FOODS INC.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 24923,
"accountsReceivable": 527809,
"prepaidExpensesAndDeposits": 97923,
"inventory": 1066648,
"dueFromRelatedParty": 593,
"totalCurrentAssets": 1717896,
"propertyAndEquipment": 87703,
"rightOfUseAsset": 1478096,
"longTermDeposits": 92271,
"totalAssets": 3375966,
"accountsPayableAndAccruedLiabilities": 2224906,
"factoringFacility": 266091,
"loanPayableCurrent": 2303765,
"currentPortionOfLeaseLiability": 317831,
"deferredRevenue": 154647,
"totalCurrentLiabilities": 5267240,
"loanPayableNonCurrent": 156162,
"leaseLiability": 1799941,
"warrantLiability": 554447,
"totalLiabilities": 7777790,
"shareCapital": 17167119,
"obligationToIssueShares": 137776,
"reserves": 1613153,
"equityPortionOfDebt": 547449,
"aoci": 165829,
"deficit": -24033150,
"totalShareholdersDeficiency": -4401824,
"totalLiabilitiesAndShareholdersDeficiency": 3375966,
"cashPerShare": 0.0002,
"workingCapitalPerShare": -0.0325
},
"incomeStatement": {
"revenueSales": 5820289,
"consulting": 152858,
"totalRevenue": 5973147,
"costOfSales": 4117523,
"grossProfit": 1855624,
"accretion": 209131,
"amortization": 213025,
"badDebtExpenseRecovery": null,
"consultingExpense": 22126,
"generalAndAdministrative": 518583,
"professionalFees": 207570,
"researchAndDevelopment": 37941,
"salariesAndBenefits": 913727,
"stockBasedCompensation": 53045,
"travel": 33727,
"totalExpenses": 2208875,
"netLossBeforeOtherItems": -353251,
"otherIncome": -2597,
"financeCosts": -623249,
"foreignExchange": 640,
"gainLossOnSettlementOfDebt": -50921,
"gainOnForgivenessOfLeasePayments": null,
"gainLossOnChangeInFv": -8926,
"netIncomeLoss": -1038304,
"exchangeDifferenceOnTranslation": 128032,
"comprehensiveIncomeLoss": -910272,
"incomeLossPerShareBasicAndDiluted": -0.01,
"weightedAverageSharesOutstandingBasicAndDiluted": 109195208
},
"cashFlowStatement": {
"netLossForThePeriod": -1038304,
"amortization": 272518,
"badDebtExpense": null,
"accretion": 209131,
"interestExpense": 264175,
"gainLossOnSettlementOfDebt": 50921,
"gainOnForgivenessOfLeasePayments": null,
"inventoryWriteOff": 26208,
"stockBasedCompensation": 53045,
"lossOnChangeInFv": -8926,
"changesInAccountsReceivable": 229745,
"changesInPrepaidExpenses": -80060,
"changesInInventory": 183689,
"changesInAccountsPayableAndAccruedLiabilities": -259783,
"changesInDeferredRevenue": 154797,
"changesInDueFromRelatedParty": null,
"netCashProvidedByOperatingActivities": 57156,
"proceedsFromIssuanceOfCommonShares": 682628,
"proceedsFromUnitsNotYetIssued": 137776,
"issuanceOfSharesExerciseOfWarrants": 110000,
"repaymentOfLeaseLiability": -388496,
"loanBorrowings": 3499004,
"loanRepayments": -4199898,
"accountsReceivableFactoringProceeds": 89538,
"netCashUsedInFinancingActivities": -69448,
"netIncreaseInCash": -12291,
"effectOfChangeInForeignExchangeRatesOnCash": -7523,
"cashBeginning": 44737,
"cashEnding": 24923
},
"investmentsAndOtherAssets": [
{
"type": "Long-term Deposit",
"description": "Security deposit for building lease, discounted and revalued.",
"ownershipPercentage": null,
"value": 92271,
"notes": "Represents a long-term deposit related to a building lease agreement, with interest income and foreign exchange adjustments."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares and unlimited Class A common shares",
"issuedShares": 113576539,
"classesOfShares": ["Common shares", "Class A shares"],
"warrants": [
{
"number": 4566667,
"exercisePrice": 0.16,
"expiryDate": "2027-06-27"
},
{
"number": 1277667,
"exercisePrice": 0.17,
"expiryDate": "2027-09-02"
},
{
"number": 2439024,
"exercisePrice": 0.17,
"expiryDate": "2027-09-10"
},
{
"number": 13714760,
"exercisePrice": 0.1,
"expiryDate": "2026-01-31"
}
],
"options": [
{
"number": 900000,
"exercisePrice": 0.47,
"expiryDate": "2031-09-17"
},
{
"number": 500000,
"exercisePrice": 0.13,
"expiryDate": "2035-10-15"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"nineMonthsEndedDec312025": {
"salariesAndBenefits": 429151,
"professionalFees": 13849,
"total": 443000
},
"nineMonthsEndedDec312024": {
"salariesAndBenefits": 436313,
"professionalFees": null,
"total": 436313
},
"threeMonthsEndedDec312025": {
"salariesAndBenefits": 178643,
"professionalFees": null,
"total": 178643
},
"threeMonthsEndedDec312024": {
"salariesAndBenefits": 116377,
"professionalFees": null,
"total": 116377
}
},
"namedIndividuals": [
{
"name": "Matthew Bonner",
"title": "Not specified in compensation table, but granted stock options.",
"period": "Nine months ended December 31, 2025",
"components": {
"salary": null,
"bonus": null,
"total": null
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company controlled by COO/interim CFO",
"description": "Unsecured revolving loan facility",
"amount": 1140560,
"period": "As at December 31, 2025"
},
{
"counterparty": "CEO",
"description": "Unsecured revolving promissory note",
"amount": 668704,
"period": "As at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-01-01",
"description": "Third Amended Facility amended and restated to extend maturity to December 31, 2027, with balloon payment, fixed principal, 6% interest, and life insurance collateral requirement.",
"impactValue": null
},
{
"eventDate": "2026-01-30",
"description": "Director/officer transferred 4,742,857 warrants to third parties for nominal consideration; remaining warrants expired unexercised.",
"impactValue": null
},
{
"eventDate": "2026-02-11",
"description": "Agreement to convert outstanding indebtedness under revolving promissory note (USD $487,849 / CAD $668,704) into 6,969,273 common shares at CAD $0.10 per share.",
"impactValue": 668704
},
{
"eventDate": "2026-02-10",
"description": "Issued 5,242,857 common shares from warrant exercises.",
"impactValue": null
}
]
}
]
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