SEDAR Interim Financial Statements

[
  {
    "companyName": "TrustBIX Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 465,
      "accountsReceivable": 12935,
      "shareSubscriptionsReceivable": 100000,
      "inventory": 8115,
      "depositsAndPrepaidExpenses": 2129,
      "totalCurrentAssets": 123644,
      "propertyAndEquipment": 15088,
      "intangibleAssets": 237870,
      "rightOfUseAssets": 8200,
      "investment": 180244,
      "totalAssets": 565046,
      "bankIndebtedness": 17496,
      "accountsPayableAndAccruedLiabilities": 1518423,
      "unearnedRevenueAndCustomerDeposits": 732175,
      "debenture": 35000,
      "loansPayableCurrentPortion": 229383,
      "leaseLiabilityCurrentPortion": 9012,
      "totalCurrentLiabilities": 2541489,
      "loansPayable": 466943,
      "leaseLiability": 2533,
      "totalLiabilities": 3010965,
      "shareCapitalIssued": 14399780,
      "warrants": 286220,
      "contributedSurplus": 3929186,
      "deficit": -21061105,
      "totalShareholdersDeficiency": -2445919,
      "cashPerShare": 0.0000,
      "workingCapitalPerShare": -0.0178
    },
    "incomeStatement": {
      "revenueProfessionalAndDevelopmentServices": 0,
      "revenueMaintenance": 0,
      "totalRevenue": 0,
      "consultingFees": 51026,
      "wagesAndBenefits": 19268,
      "hardwareForResaleAndSupplies": 0,
      "office": 9009,
      "professionalFees": 13634,
      "amortizationAndDepreciation": 177,
      "advertisingAndPromotion": 6155,
      "travelTradeShowsAndConferences": 2142,
      "foreignExchangeGain": 0,
      "totalExpenses": 101411,
      "lossBeforeOtherExpensesIncomeAndIncomeTaxes": -101411,
      "gainOnRefinancingOfLoanPayable": 19013,
      "interestExpense": -2145,
      "accretionExpense": -19671,
      "totalOtherExpensesIncome": -2803,
      "lossBeforeIncomeTaxes": -104214,
      "incomeTaxes": 0,
      "netLossAndComprehensiveLossFromContinuingOperations": -104214,
      "netIncomeLossAndComprehensiveIncomeLossFromDiscontinuedOperation": 166555,
      "netIncomeLossAndComprehensiveIncomeLossForThePeriod": 62341,
      "basicAndDilutedLossPerShareFromContinuingOperations": 0,
      "basicAndDilutedIncomeLossPerShareFromDiscontinuedOperations": 0,
      "basicAndDilutedIncomeLossPerShare": 0,
      "weightedAverageSharesOutstanding": 135557156
    },
    "cashFlowStatement": {
      "netIncomeLossForThePeriod": 62341,
      "accretionExpense": 19671,
      "stockBasedCompensationExpense": 21786,
      "amortizationAndDepreciation": 2672,
      "interestExpense": 3132,
      "badDebts": 5950,
      "gainOnRefinancingOfLoanPayable": -19013,
      "cashUsedInOperatingActivitiesBeforeChangesInItemsOfWorkingCapital": 96539,
      "netChangeInItemsOfNonCashWorkingCapital": -243845,
      "cashUsedInOperatingActivities": -147306,
      "purchaseOfPropertyAndEquipment": -2418,
      "proceedsFromIssuanceOfCommonSharesAndWarrantsInPrivatePlacements": 60000,
      "proceedsFromLoansPayable": 6600,
      "repaymentOfLoansPayable": -45000,
      "leasePayments": -5100,
      "cashProvidedByFinancingActivities": 16500,
      "increaseDecreaseInCashDuringThePeriod": -133224,
      "cashBeginningOfPeriod": 116193,
      "cashEndOfPeriod": -17031,
      "cashComponent": 465,
      "bankIndebtednessComponent": -17496
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment",
        "description": "Non-marketable preferred shares in Provision Analytics Inc., a Calgary-based company. Convertible into common shares at the option of the Company.",
        "ownershipPercentage": null,
        "value": 180244,
        "notes": "Originally a convertible debenture investment of US$250,000. Converted to preferred shares on November 23, 2021. Half of the investment was sold in the year ended September 30, 2022. No significant changes to fair value as at December 31, 2025. Classified as Level 3 fair value. The Company does not have control or significant influence."
      },
      {
        "type": "Intangible Asset",
        "description": "Indoor Farm Management System (IFMS) software asset acquired from Mindsgate Ltd.",
        "ownershipPercentage": null,
        "value": 229778,
        "notes": "Acquired on November 25, 2025, in exchange for 6,000,000 units (common shares and warrants)."
      },
      {
        "type": "Intangible Asset",
        "description": "Trademarks",
        "ownershipPercentage": null,
        "value": 8092,
        "notes": "Indefinite-lived intangible assets, not amortized."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares; Unlimited preferred shares (Series 1 and Series 2)",
      "issuedShares": 139209330,
      "classesOfShares": ["Common Shares", "Preferred Shares (Series 1)", "Preferred Shares (Series 2)"],
      "warrants": [
        {
          "number": 10000000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-09-02"
        },
        {
          "number": 6000000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-11-25"
        }
      ],
      "options": [
        {
          "number": 8400000,
          "exercisePrice": 0.01,
          "expiryDate": null
        },
        {
          "number": 4120000,
          "exercisePrice": 0.05,
          "expiryDate": null
        },
        {
          "number": 4200000,
          "exercisePrice": 0.1,
          "expiryDate": null
        },
        {
          "number": 1840000,
          "exercisePrice": 0.3,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": "Debenture (note 11) is no longer convertible. Investment in Provision Analytics is convertible into common shares at the Company's option."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "salariesAndShortTermEmployeeBenefits": 22932,
          "stockBasedCompensation": 10626,
          "consultingFees": 63368,
          "total": 96926
        },
        "threeMonthsEndedDec312024": {
          "salariesAndShortTermEmployeeBenefits": 22705,
          "stockBasedCompensation": 3303,
          "consultingFees": 76574,
          "total": 102582
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company controlled by close family member of a director and member of key management",
          "description": "Sublease rental income and office rent expense",
          "amount": 0,
          "period": "Three months ended December 31, 2025"
        },
        {
          "counterparty": "Company controlled by close family members of a director and member of key management",
          "description": "Customer deposit for AFS indoor farming technology order",
          "amount": 64990,
          "period": "As at December 31, 2025"
        },
        {
          "counterparty": "Close family member of a director and member of key management",
          "description": "Promissory notes for $23,000 (Aug 3, 2023) and $6,600 (Dec 8, 2025). Interest at 1% per month.",
          "amount": 29600,
          "period": "As at December 31, 2025 (principal)"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-05",
        "description": "Amended the terms of the debenture (note 11) to extend the maturity date from January 5, 2026 to January 5, 2027.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Entered into three separate non-binding Letters of Intent (LOIs) to acquire 100% of the issued and outstanding shares of: Output Provider Solutions Inc. (OPS) for up to 5,000,000 units; Zen Cyber Ltd. for up to 6,250,000 units; and xFacilitator Inc. (WILDCARD MSP) for up to 1,000,000 units. Each unit consists of one common share and one warrant exercisable at $0.08 for two years.",
        "impactValue": null
      }
    ]
  }
]