None
SEDAR Interim Financial Statements
MATE · Price
[
{
"companyName": "BLOCKMATE VENTURES INC.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 218570,
"amountsReceivable": 4443,
"prepaidExpenses": 162302,
"loansReceivable": 19665,
"totalCurrentAssets": 404980,
"equipment": 3467,
"cryptoAssets": 383459,
"intangibles": 15011,
"totalAssets": 806917,
"accountsPayableAndAccruedLiabilities": 354603,
"unearnedIncome": null,
"loanPayable": 150967,
"loansFromDirectors": 181515,
"safeNotesCurrent": 3288440,
"totalCurrentLiabilities": 3975525,
"safeNotesNonCurrent": 3324431,
"totalLiabilities": 7299956,
"shareCapital": 22876388,
"contributedSurplus": 2682142,
"warrantsAndOptionsReserve": 1921557,
"restrictedStockUnitsReserve": 205499,
"deferredShareUnitsReserve": 575000,
"accumulatedDeficit": -33940406,
"accumulatedOtherComprehensiveLoss": -493463,
"totalDeficitAttributableToShareholders": -6173283,
"nonControllingInterest": -319756,
"totalShareholdersDeficit": -6493039,
"totalLiabilitiesAndShareholdersDeficit": 806917,
"cashPerShare": 0.0015,
"workingCapitalPerShare": -0.0245
},
"incomeStatement": {
"amortizationAndDepreciation": -1433,
"accretionExpense": -188165,
"filingFeesAndTransferFees": -26549,
"generalAndAdministrative": -214286,
"marketing": -169188,
"professionalAndConsultingFees": -355336,
"rent": -18867,
"softwareDevelopmentAndWebsite": -92426,
"shareBasedCompensation": -545138,
"wages": -463475,
"totalExpenses": -2074863,
"foreignExchangeLossGain": -2188,
"licenseIncome": 146955,
"consultingIncome": 25000,
"impairmentOnIntangiblesAndEquipment": null,
"interestIncome": 2557,
"interestExpense": -4252,
"otherIncomeLoss": -1697,
"expectedCreditLoss": 6264,
"otherLossOnDebtForgiven": null,
"totalOtherIncomeLoss": 172639,
"netLossForThePeriod": -1902224,
"gainInRevaluationOfCryptocurrency": -131826,
"otherComprehensiveLossForTheYear": 73359,
"totalComprehensiveLossForThePeriod": -1960691,
"basicWeightedAverageSharesOutstanding": 146020.23,
"basicNetLossPerShare": -0.01,
"dilutedWeightedAverageSharesOutstanding": 146020.23,
"dilutedNetLossPerShare": -0.01
},
"cashFlowStatement": {
"netLossForThePeriod": -1902224,
"accretionExpense": 188165,
"lossOnRevaluationOfCryptoAssets": null,
"impairmentOfIntangibles": null,
"depreciationOnEquipment": 1433,
"shareBasedCompensation": 545137,
"nonCashInterestExpenseOnLoansPayable": 4252,
"nonCashReceivedForLicenseIncomePayment": -146955,
"lossOnRevaluationOfHeliumAsset": null,
"expectedCreditLossRecovery": -6264,
"otherIncomeOnDebtForgiven": null,
"totalAdjustments": 585768,
"accountsReceivableChange": 8418,
"prepaidExpensesChange": 86418,
"loansFromDirectorsChange": 181446,
"accountsPayableAndAccruedLiabilitiesChange": -101354,
"proceedsFromDeferredRevenue": null,
"netCashUsedInOperatingActivities": -1141528,
"netProceedsFromIssuanceOfShares": 620500,
"additionsToLoansReceivable": -25176,
"proceedsFromSafeNotes": null,
"proceedsFromUnearnedIncome": -25000,
"proceedsFromLoansReceivableRepayment": null,
"netCashProvidedByFinancingActivities": 570324,
"acquisitionOfEquipment": null,
"acquisitionOfIntangibles": null,
"conversionOfIntangibleAssetToCash": -39502,
"netCashUsedInInvestingActivities": -39502,
"netDecreaseInCashAndCashEquivalents": -610706,
"cashAndCashEquivalentsBeginningOfPeriod": 860881,
"effectOfChangesInForeignExchangeRates": -31605,
"cashAndCashEquivalentsEndOfPeriod": 218570
},
"investmentsAndOtherAssets": [
{
"type": "Crypto Assets",
"description": "Bitcoin (BTC), Tether (USDT), USD Coin (USDC), Solana (SOL), Nosana (NOS), Mysterium (MYST), Polygon (POL), Helium assets",
"ownershipPercentage": null,
"value": 383459,
"notes": "Held by subsidiary Hivello Holdings Ltd. Measured at fair value based on quoted market prices."
},
{
"type": "Subsidiary",
"description": "Blockchain World Ltd (BWL)",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned subsidiary. Owns Hivello Holdings Ltd and premium domain names."
},
{
"type": "Subsidiary",
"description": "Hivello Holdings Ltd (HVL)",
"ownershipPercentage": 96,
"value": null,
"notes": "96% owned via BWL. Owns Hivello Operations B.V. and Hivello Software Development Company Ltd."
},
{
"type": "Subsidiary",
"description": "Hivello Operations B.V.",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned via HVL. Netherlands entity."
},
{
"type": "Subsidiary",
"description": "Hivello Software Development Company Ltd",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned via HVL. Vietnam entity."
},
{
"type": "Subsidiary",
"description": "Midpoint Canada",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly owned dormant company."
},
{
"type": "Loans Receivable",
"description": "Loan to external party",
"ownershipPercentage": null,
"value": 19665,
"notes": "Due on demand, interest-free. Advanced in cash and crypto assets. Expected credit loss recognized."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 151570595,
"classesOfShares": ["common shares"],
"warrants": [
{
"number": 8400000,
"exercisePrice": 0.075,
"expiryDate": "2026-06-20"
},
{
"number": 14000000,
"exercisePrice": 0.5,
"expiryDate": "2027-12-23"
}
],
"options": [
{
"number": 7362500,
"exercisePrice": 0.05,
"expiryDate": "2028-10-27"
},
{
"number": 25000,
"exercisePrice": 0.21,
"expiryDate": "2029-12-23"
},
{
"number": 5000000,
"exercisePrice": 0.21,
"expiryDate": "2028-12-23"
},
{
"number": 600000,
"exercisePrice": 0.21,
"expiryDate": "2027-12-23"
}
],
"rightsConvertibleInstruments": "SAFE Notes (Simple Agreement for Future Equity) convertible into shares of subsidiary Hivello."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDec312025": {
"salariesAndBenefits": 25000,
"consultingFees": 36000,
"shareBasedCompensation": 251189,
"total": 312189
},
"sixMonthsEndedDec312025": {
"salariesAndBenefits": 50000,
"consultingFees": 72000,
"shareBasedCompensation": 545138,
"total": 667138
},
"threeMonthsEndedDec312024": {
"salariesAndBenefits": 14583,
"consultingFees": 78465,
"shareBasedCompensation": 304555,
"total": 397603
},
"sixMonthsEndedDec312024": {
"salariesAndBenefits": 14583,
"consultingFees": 151917,
"shareBasedCompensation": 335978,
"total": 502478
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Directors",
"description": "Loans from directors",
"amount": 181515,
"period": "As at December 31, 2025"
},
{
"counterparty": "Related parties",
"description": "Accounts payable due to related parties",
"amount": 83622,
"period": "As at December 31, 2025"
},
{
"counterparty": "Former director and controlled company",
"description": "Accounts payable due",
"amount": 6250,
"period": "As at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-02-26",
"description": "Financial statements approved by the Board of Directors.",
"impactValue": null
}
]
}
]
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