SEDAR Interim Financial Statements

[
  {
    "companyName": "Genesis AI Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 26527,
      "amountsReceivable": 10799,
      "prepaidExpense": 8817,
      "totalCurrentAssets": 46143,
      "accountsPayableAndAccruedLiabilities": 1303134,
      "interestPayable": 15901,
      "shortTermLoan": 90000,
      "totalCurrentLiabilities": 1409035,
      "shareCapital": 27092568,
      "reserves": 3963868,
      "accumulatedDeficit": -32419328,
      "totalShareholdersDeficiency": -1362892,
      "totalLiabilitiesAndDeficiency": 46143,
      "cashPerShare": 0.0042,
      "workingCapitalPerShare": -0.2165
    },
    "incomeStatement": {
      "revenues": 0,
      "consultingAndManagementFees": 81000,
      "interestExpense": 4401,
      "generalAndAdministration": 9830,
      "investorRelationsMarketingAndAdvertising": 40,
      "professionalFees": 24484,
      "regulatoryAndFiling": 32741,
      "researchAndDevelopmentExpense": 852,
      "stockBasedCompensation": 4725,
      "lossFromContinuingOperationsBeforeOtherItems": -158073,
      "netLossAndComprehensiveLoss": -158073,
      "basicAndDilutedNetLossPerCommonShare": -0.03,
      "weightedAverageNumberOfCommonSharesOutstanding": 6294389
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -158073,
      "shareBasedCompensation": 4725,
      "prepaidExpense": -6613,
      "amountsReceivable": 3383,
      "accountsPayableAndAccruedLiabilities": 102579,
      "interestPayable": 4401,
      "cashUsedInOperatingActivities": -49598,
      "proceedsFromRelatedPartyLoan": 50000,
      "cashFromFinancingActivities": 50000,
      "changeInCash": 402,
      "cashBeginningOfThePeriod": 26125,
      "cashEndOfThePeriod": 26527
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Deposit",
        "description": "Option agreement deposit with Treelab Carbon Technologies Inc.",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Deposit of $50,000 was made. $20,000 repaid in year ended June 30, 2023. Remaining $30,000 written off in year ended June 30, 2025 due to inactivity."
      },
      {
        "type": "Intangible Assets",
        "description": "Technology Assets from Carbonethic Holdings Inc.",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Acquired for $100,000. Carrying value written off as of June 30, 2025 due to inactivity."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited voting common shares without par value. Unlimited non-voting preferred shares with a par value of $1 CDN each.",
      "issuedShares": 6294389,
      "classesOfShares": [
        "Common Shares",
        "Preferred Shares"
      ],
      "warrants": [
        {
          "number": 1000000,
          "exercisePrice": 0.6,
          "expiryDate": "2026-07-06"
        }
      ],
      "options": [
        {
          "number": 270000,
          "exercisePrice": 1,
          "expiryDate": "2028-06-23"
        },
        {
          "number": 30000,
          "exercisePrice": 0.5,
          "expiryDate": "2029-06-07"
        }
      ],
      "rightsConvertibleInstruments": "30,000 Restricted Share Units (RSUs) outstanding. Equity settled. Vesting semi-annually over three years from Dec 7, 2024. Expiry June 7, 2027."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDec312025": {
          "keyManagementPersonnelCompensation": 75000,
          "managementFees": 60000,
          "professionalFees": 15000
        },
        "sixMonthsEndedDec312024": {
          "keyManagementPersonnelCompensation": 75500,
          "managementFees": 60500,
          "professionalFees": 15000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Private company controlled by CEO",
          "description": "Management fees, reimbursable expenses, short-term loan, and interest payable",
          "amount": 656254,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "Director",
          "description": "Consulting fees payable",
          "amount": 18475,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "CFO",
          "description": "Consulting fees payable",
          "amount": 111075,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "Exploration mining company with common officers",
          "description": "Revenue from development contract (terminated June 12, 2025)",
          "amount": 314286,
          "period": "Twelve months ended June 30, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]