SEDAR Interim Financial Statements

[
  {
    "companyName": "TOTAL TELCOM INC.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 1098253,
      "termDeposits": 2310925,
      "tradeAndOtherReceivables": 364510,
      "inventories": 253282,
      "prepaidExpenses": 26082,
      "totalCurrentAssets": 4053052,
      "raceManagementEquipment": 95989,
      "productDevelopment": 1416564,
      "propertyPlantAndEquipment": 2317,
      "rightOfUseAsset": 284962,
      "deferredIncomeTaxAsset": 76000,
      "totalAssets": 5928884,
      "tradeAndOtherPayables": 146654,
      "deferredRevenue": 12523,
      "currentPortionOfLeaseLiabilities": 75987,
      "totalCurrentLiabilities": 235164,
      "leaseLiabilities": 224906,
      "totalLiabilities": 460070,
      "shareCapital": 2273498,
      "contributedSurplus": 172870,
      "retainedEarnings": 3022446,
      "totalShareholdersEquity": 5468814,
      "totalLiabilitiesAndEquity": 5928884,
      "cashPerShare": 0.0416,
      "workingCapitalPerShare": 0.1445
    },
    "incomeStatement": {
      "sales": 1233331,
      "costOfSales": 487222,
      "grossProfit": 746109,
      "generalAndAdministrativeExpenses": 369092,
      "interestOnLeaseLiabilities": 10529,
      "amortizationOfRightOfUseAssets": 39410,
      "amortizationOfProductDevelopmentCosts": 90873,
      "depreciation": 580,
      "totalExpenses": 510484,
      "incomeFromOperations": 235625,
      "financeIncome": 49617,
      "foreignExchangeGainsLosses": -1226,
      "otherItemsTotal": 48391,
      "incomeBeforeIncomeTaxes": 284016,
      "provisionForDeferredIncomeTaxes": 77000,
      "netIncomeAndComprehensiveIncome": 207016,
      "earningsPerShareBasic": 0.008,
      "earningsPerShareDiluted": 0.008,
      "weightedAverageNumberOfCommonSharesOutstanding": 26423015
    },
    "cashFlowStatement": {
      "netIncomeForThePeriod": 207016,
      "deferredIncomeTaxExpense": 77000,
      "foreignExchangeLossGain": 1226,
      "amortizationOfProductDevelopmentCosts": 90873,
      "amortizationOfRightOfUseAsset": 39410,
      "amortizationOfRaceManagementEquipment": 18716,
      "gainOnDisposalOfRaceManagementEquipment": -1016,
      "depreciationOfEquipment": 580,
      "shareBasedCompensation": 0,
      "itemsNotAffectingCashTotal": 433805,
      "netChangeInNonCashWorkingCapital": -80777,
      "cashProvidedByOperatingActivities": 353028,
      "leaseLiabilityPrincipalPayments": -34994,
      "cashProvidedByUsedInFinancingActivities": -34994,
      "productDevelopmentCosts": -122173,
      "purchaseOfTermDeposits": -26006,
      "proceedsReceivedFromTermDeposits": 49345,
      "proceedsOnDisposalOfRaceManagementEquipment": 1355,
      "purchaseOfRaceManagementEquipment": -404,
      "cashProvidedByUsedInInvestingActivities": -97883,
      "netForeignExchangeDifferenceOnCash": -1226,
      "netIncreaseDecreaseInCashAndCashEquivalents": 218925,
      "cashBeginningOfPeriod": 879328,
      "cashEndOfPeriod": 1098253,
      "supplementalCashFlowInformationInterestReceived": 49617,
      "supplementalCashFlowInformationInterestPaidOnLeaseLiability": 10529
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Term Deposits",
        "description": "Short-term investments",
        "ownershipPercentage": null,
        "value": 2310925,
        "notes": "Reported under current assets"
      },
      {
        "type": "Product Development",
        "description": "Capitalized development costs",
        "ownershipPercentage": null,
        "value": 1416564,
        "notes": "Net carrying amount after amortization"
      },
      {
        "type": "Race Management Equipment",
        "description": "Specialized equipment for remote asset monitoring",
        "ownershipPercentage": null,
        "value": 95989,
        "notes": "Net carrying amount after amortization"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 26423015,
      "classesOfShares": ["Common Shares"],
      "warrants": [],
      "options": [
        {
          "number": 100000,
          "exercisePrice": 0.15,
          "expiryDate": "2026-05-31"
        },
        {
          "number": 400000,
          "exercisePrice": 0.15,
          "expiryDate": "2026-12-30"
        },
        {
          "number": 200000,
          "exercisePrice": 0.3,
          "expiryDate": "2028-05-31"
        },
        {
          "number": 215000,
          "exercisePrice": 0.34,
          "expiryDate": "2028-06-30"
        },
        {
          "number": 200000,
          "exercisePrice": 0.25,
          "expiryDate": "2029-12-26"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec31_2025": {
          "salariesAndShortTermEmployeeBenefits": 45600,
          "managementFees": 10500,
          "directorFees": 3750,
          "shareBasedCompensation": 0,
          "total": 59850
        },
        "sixMonthsEndedDec31_2025": {
          "salariesAndShortTermEmployeeBenefits": 91200,
          "managementFees": 21000,
          "directorFees": 7500,
          "shareBasedCompensation": 0,
          "total": 119700
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company controlled by a director",
          "description": "Management fees",
          "amount": 21000,
          "period": "Six months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]