SEDAR Interim Financial Statements

[
  {
    "companyName": "Wellfield Technologies Inc.",
    "reportingPeriodEnd": "2025-06-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 107425,
      "receivables": 112467,
      "prepaidExpensesAndDeposits": 122321,
      "cryptocurrencyHeldForOperatingActivities": 24851,
      "incomeTaxesReceivable": 289109,
      "totalCurrentAssets": 656173,
      "propertyAndEquipment": 8262,
      "totalAssets": 664435,
      "accountsPayableAndAccruedLiabilities": 11406459,
      "loansInCryptocurrency": 3686252,
      "incomeTaxesPayable": 560713,
      "promissoryNotesPayable": 556000,
      "convertibleDebentures": 9131782,
      "nonConvertibleDebenture": 2353497,
      "totalLiabilities": 27694703,
      "shareCapital": 66673770,
      "contributedSurplus": 8086305,
      "warrantReserve": 4900575,
      "deficit": -108811719,
      "accumulatedOtherComprehensiveIncome": 2120801,
      "totalEquity": -27030268,
      "totalLiabilitiesAndEquity": 664435,
      "cashPerShare": 0.0005,
      "workingCapitalPerShare": -0.1331
    },
    "incomeStatement": {
      "revenue": 659036,
      "costOfRevenue": 66447,
      "grossProfit": 592589,
      "researchAndDevelopment": 343581,
      "growthAndMarketing": 80079,
      "operations": null,
      "generalAndAdministrative": 972465,
      "amortizationAndDepreciation": 1643,
      "totalOperatingExpenses": 1397768,
      "operatingLoss": -805179,
      "fairValueAdjustmentsOnFinancialInstruments": -291832,
      "otherIncomeLoss": 206743,
      "financeExpense": -70336,
      "exchangeGainLoss": -1472555,
      "lossBeforeIncomeTaxes": -2433159,
      "incomeTaxExpenseRecovery": 0,
      "netLoss": -2433159,
      "otherComprehensiveIncomeForeignCurrencyTranslationAdjustment": 752506,
      "totalComprehensiveLoss": -1680653,
      "netLossPerShareBasicAndDiluted": -0.01,
      "weightedAverageSharesOutstandingBasicAndDiluted": 203183547
    },
    "cashFlowStatement": {
      "netLoss": -2433159,
      "depreciationOfPropertyAndEquipment": 1643,
      "amortizationOfIntangibleAssets": 0,
      "unrealizedForeignExchangeLossGain": 740685,
      "lossOnDispositionOfEquipment": 1885,
      "gainLossOnSettlementOfLiabilities": -168123,
      "fairValueAdjustmentsOnFinancialInstruments": 291832,
      "gainOnSaleOfSharesOfBosonic": -100000,
      "shareBasedPayments": 5660,
      "incomeTaxRecovery": 0,
      "changesInReceivables": 59413,
      "changesInPrepaidExpensesAndDeposits": 28794,
      "changesInCryptocurrencyHeld": -5783,
      "changesInAccountsPayableAndAccruedLiabilities": 734701,
      "cashTaxesRefundedPaid": 0,
      "netCashFromOperatingActivities": -842452,
      "proceedsFromSaleOfSharesOfBosonic": 100000,
      "netCashFromInvestingActivities": 100000,
      "proceedsFromPromissoryNotes": 556000,
      "proceedsFromPrivatePlacement": 0,
      "netCashFromFinancingActivities": 556000,
      "effectOfForeignExchangeRateChangesOnCash": 222503,
      "netIncreaseInCash": 36051,
      "cashBeginning": 71374,
      "cashEnding": 107425
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares, unlimited preferred shares",
      "issuedShares": 207431270,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 1777777,
          "exercisePrice": 0.09,
          "expiryDate": "2027-07-02"
        },
        {
          "number": 1904762,
          "exercisePrice": 0.09,
          "expiryDate": "2027-03-13"
        },
        {
          "number": 5290000,
          "exercisePrice": 0.25,
          "expiryDate": "2025-08-03"
        },
        {
          "number": 30166667,
          "exercisePrice": 0.45,
          "expiryDate": "2026-02-08"
        }
      ],
      "options": [],
      "rightsConvertibleInstruments": "Convertible debentures convertible into common shares at option of Company; Promissory notes convertible into shares of Tradewind Markets, Inc."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-06-30": 67400,
        "2024-06-30": 124900
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Key management personnel",
          "description": "Amounts owed to key management included in accounts payable and accrued liabilities and loans in cryptocurrencies",
          "amount": 1463720,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Related party (BTC loan)",
          "description": "Related party loan in BTC",
          "amount": 292642,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Related party (ETH loan)",
          "description": "Related party loan in ETH",
          "amount": 37003,
          "period": "2025-06-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Entered into agreement to sell software and related intellectual property associated with its cryptocurrency wallet to an Ontario-based corporation for total consideration of $30,000,000, payable as $2,400,000 in cash installments and $27,600,000 through issuance of 27,600 special shares of the purchaser. Concurrently entered into a joint venture with the purchaser, holding a 40% interest.",
        "impactValue": 30000000
      }
    ]
  }
]