None
SEDAR Interim Financial Statements
FRNT · Price
[
{
"companyName": "FRNT Financial Inc.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 202773,
"tradeAndOtherReceivables": 188150,
"prepaidExpensesAndDeposits": 92934,
"investments": 2091876,
"digitalAssetsBitcoin": 531459,
"totalCurrentAssets": 3107192,
"deposits": 27933,
"investmentsNonCurrent": 137480,
"equipment": 7589,
"rightOfUseAsset": 291252,
"totalAssets": 3571446,
"accountsPayableAndAccruedLiabilities": 240911,
"leaseLiabilityCurrent": 61566,
"totalCurrentLiabilities": 302477,
"leaseLiabilityNonCurrent": 243948,
"totalLiabilities": 546425,
"shareCapital": 13440402,
"stockOptionReserve": 4010895,
"warrantReserve": 301975,
"accumulatedOtherComprehensiveIncome": 373,
"accumulatedDeficit": -14728624,
"totalShareholdersEquity": 3025021,
"totalLiabilitiesAndShareholdersEquity": 3571446,
"cashPerShare": 0.0048,
"workingCapitalPerShare": 0.0659
},
"incomeStatement": {
"revenueCapitalMarkets": 153386,
"revenueConsultingAndAdvisory": 331125,
"totalRevenue": 484511,
"depreciation": 40855,
"generalAndAdministrative": 267286,
"investorRelations": 220005,
"referralFees": 10945,
"professionalFees": 949880,
"salariesAndWages": 457603,
"shareBasedPayments": 79741,
"totalOperatingExpenses": 2026315,
"lossBeforeOtherItems": -1541804,
"fairValueGainOnInvestments": 174023,
"lossOnRevaluationOfDigitalAssets": -167231,
"interestExpense": -7445,
"foreignExchange": -4141,
"sredTaxCredits": 58280,
"totalOtherIncomeExpenses": 53486,
"netLoss": -1488318,
"cumulativeTranslationAdjustment": -637,
"netLossAndComprehensiveLoss": -1488955,
"lossPerShareBasic": -0.036,
"weightedAverageSharesOutstandingBasic": 41703513
},
"cashFlowStatement": {
"netLoss": -1488318,
"fairValueGainOnInvestments": -174023,
"lossOnRevaluationOfDigitalAssets": 167231,
"shareBasedPayments": 79741,
"depreciation": 40855,
"changeInTradeAndOtherReceivables": -7584,
"changeInPrepaidExpensesAndDeposits": -38352,
"changeInAccountsPayableAndAccruedLiabilities": -93800,
"netCashUsedInOperatingActivities": -1514250,
"proceedsOnRedemptionOfInvestments": 182452,
"purchaseOfInvestments": -28672,
"purchaseOfDigitalAssetsBitcoin": -700000,
"netCashUsedInProvidedByInvestingActivities": -546220,
"proceedsFromIssuanceOfShares": 2000000,
"shareIssuanceCosts": -107817,
"leaseLiabilityPayments": -29073,
"netCashProvidedByUsedInFinancingActivities": 1863110,
"impactOfCurrencyTranslation": 614,
"netChangeInCash": -196746,
"cashBeginning": 399519,
"cashEnding": 202773,
"interestReceived": 3631,
"interestPaid": -11076
},
"investmentsAndOtherAssets": [
{
"type": "Fund Investment",
"description": "Paradox Fund (Cayman Islands) - 1.09% interest ($1,526,115 USD of total AUM)",
"ownershipPercentage": 1.09,
"value": 2091876,
"notes": "Measured at fair value (Level 3). Current asset."
},
{
"type": "Private Company Investment",
"description": "Early-stage crypto technology company",
"ownershipPercentage": null,
"value": 137480,
"notes": "Measured at fair value based on recent observable market transactions (Level 2). Non-current asset."
},
{
"type": "Digital Asset",
"description": "Bitcoin - 4.4312 units",
"ownershipPercentage": null,
"value": 531459,
"notes": "Measured at fair value (Level 2). Current asset."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 42545904,
"classesOfShares": ["Common shares"],
"warrants": [
{
"number": 1035000,
"exercisePrice": 0.9,
"expiryDate": "2027-05-21"
},
{
"number": 124200,
"exercisePrice": 0.6,
"expiryDate": "2027-05-21"
},
{
"number": 81410,
"exercisePrice": 0.4,
"expiryDate": "2028-08-01"
}
],
"options": [
{
"number": 4796251,
"exercisePrice": 0.88,
"expiryDate": null
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDec312025": {
"salariesAndWages": 59860,
"shareBasedPayments": 4245,
"professionalFees": 151119,
"referralFees": null,
"total": 215224
},
"sixMonthsEndedDec312025": {
"salariesAndWages": 119275,
"shareBasedPayments": 11678,
"professionalFees": 347502,
"referralFees": 10945,
"total": 489400
}
},
"namedIndividuals": [
{
"name": "CEO",
"title": "Chief Executive Officer",
"period": "sixMonthsEndedDec312025",
"components": {
"salary": 110473,
"bonus": null,
"total": 110473
}
},
{
"name": "CFO",
"title": "Chief Financial Officer",
"period": "sixMonthsEndedDec312025",
"components": {
"salary": 8802,
"bonus": null,
"total": 8802
}
},
{
"name": "Directors",
"title": "Board of Directors",
"period": "sixMonthsEndedDec312025",
"components": {
"salary": null,
"bonus": null,
"total": 9333
}
},
{
"name": "Former President, Vice Chairman",
"title": "Vice Chairman",
"period": "sixMonthsEndedDec312025",
"components": {
"salary": null,
"bonus": null,
"total": 2182
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Paradox Fund (managed by a company controlled by a director)",
"description": "Capital markets revenue from customer agency trades",
"amount": 153386,
"period": "sixMonthsEndedDec312025"
},
{
"counterparty": "OSF Management Corp. (managed by a company controlled by a director)",
"description": "Consulting revenue from contractor services",
"amount": 122700,
"period": "sixMonthsEndedDec312025"
},
{
"counterparty": "Company controlled by CFO",
"description": "Professional fees for accounting and related services",
"amount": 114832,
"period": "sixMonthsEndedDec312025"
},
{
"counterparty": "Company controlled by President/Vice Chairman",
"description": "Professional fees for advisory and consulting services",
"amount": 232670,
"period": "sixMonthsEndedDec312025"
}
]
},
"subsequentEvents": []
}
]
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