SEDAR Interim Financial Statements

[
  {
    "companyName": "Credissential Inc. (formerly Impact Analytics Inc.)",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 119779,
      "gstReceivable": 133849,
      "prepaidExpenses": 82583,
      "assetHeldForSale": 1163240,
      "totalCurrentAssets": 1499451,
      "intangibleAsset": 1300000,
      "investmentsInPrivateCompanies": 181,
      "totalAssets": 2799632,
      "accountsPayableAndAccruedLiabilities": 983686,
      "accountsPayableToRelatedParties": 4390,
      "promissoryNotesPayable": 290699,
      "convertibleNotePayable": 648005,
      "convertibleSubscriptions": null,
      "totalCurrentLiabilities": 1926780,
      "totalLiabilities": 1926780,
      "shareCapital": 15757586,
      "reserves": 2094597,
      "deficit": -16979331,
      "totalShareholdersEquity": 872852,
      "totalLiabilitiesAndShareholdersEquity": 2799632,
      "cashPerShare": 0.001,
      "workingCapitalPerShare": -0.0034
    },
    "incomeStatement": {
      "bonusExpense": 0,
      "consultingExpense": 15778,
      "developmentExpenses": 0,
      "directorFees": 0,
      "financingFees": 270750,
      "findersFees": 0,
      "generalAndAdministrativeExpenses": 17919,
      "interestAndBankCharges": 299,
      "interestOnPromissoryNotes": 33776,
      "investorRelationsExpense": 339682,
      "professionalFees": 34180,
      "sharedBasedPayments": 404500,
      "transactionFees": 0,
      "travel": 0,
      "operatingLoss": -1116884,
      "gainOnDebtSettlement": -8154,
      "exchangeLoss": 1209,
      "excessConsiderationOverNetAssets": 0,
      "changeInFairValueOfConvertibleNote": 0,
      "netLossAndComprehensiveLoss": -1109939,
      "weightedAverageSharesOutstandingBasicAndDiluted": 125535985,
      "lossPerShareBasicAndDiluted": -0.01
    },
    "cashFlowStatement": {
      "lossForThePeriod": -1109939,
      "transactionFees": 0,
      "excessConsiderationOverNetAssetsAcquired": 0,
      "changeInFairValueOfConvertibleNote": 0,
      "shareBasedPayments": 404500,
      "interestAndAccretionOnNotes": 33776,
      "gainOnDebtSettlement": 8154,
      "gstReceivable": -3629,
      "prepaidExpenses": 383122,
      "accountsPayableAndAccruedLiabilities": -48270,
      "netCashFlowsOperations": -332286,
      "cashPaymentOnAcquisitionOfAntennaTransferInc": 0,
      "netCashFlowsInvesting": 0,
      "proceedsFromConvertibleNote": 390750,
      "proceedsFromExerciseOfStockOptions": 0,
      "proceedsFromPromissoryNotes": 60000,
      "repaymentOfPromissoryNotesIncludingFacilitationFeesAndInterest": 0,
      "netCashFlowsFinancing": 450750,
      "changeInCashDuringThePeriod": 118464,
      "cashBeginningOfPeriod": 1315,
      "cashEndOfPeriod": 119779
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investments in private companies",
        "description": "Investments in private companies at cost",
        "ownershipPercentage": null,
        "value": 181,
        "notes": "Carrying amount as at December 31, 2025"
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Intangible asset (IP from CoinCmply acquisition) - indefinite useful life",
        "ownershipPercentage": null,
        "value": 1300000,
        "notes": "Indefinite life intangible asset, not amortized"
      },
      {
        "type": "Asset held for sale",
        "description": "Antenna Transfer Inc. IP classified as held for sale at AUD$1,300,000 (CAD$1,163,240)",
        "ownershipPercentage": null,
        "value": 1163240,
        "notes": "Sale completed on February 16, 2026"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited number of Class A voting common shares and unlimited Class A, Class B, Class C preferred shares",
      "issuedShares": 128105369,
      "classesOfShares": [
        "Class A voting common shares",
        "Class A preferred shares",
        "Class B preferred shares",
        "Class C preferred shares"
      ],
      "warrants": [
        {
          "number": 375000,
          "exercisePrice": 1.25,
          "expiryDate": "2026-01-12"
        },
        {
          "number": 3000000,
          "exercisePrice": 0.05,
          "expiryDate": "2027-07-05"
        },
        {
          "number": 1365672,
          "exercisePrice": 0.83,
          "expiryDate": "2029-06-21"
        },
        {
          "number": 675000,
          "exercisePrice": 0.83,
          "expiryDate": "2029-08-01"
        },
        {
          "number": 14996968,
          "exercisePrice": 0.16,
          "expiryDate": "2030-01-17"
        }
      ],
      "options": [
        {
          "number": 500000,
          "exercisePrice": 0.05,
          "expiryDate": "2026-05-12"
        },
        {
          "number": 10000,
          "exercisePrice": 0.69,
          "expiryDate": "2026-08-26"
        },
        {
          "number": 50000,
          "exercisePrice": 0.61,
          "expiryDate": "2026-09-03"
        },
        {
          "number": 2000000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-02-18"
        }
      ],
      "rights": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEnded2025-12-31": {
          "salaries": null,
          "bonus": null,
          "shareBasedPayments": 404500,
          "total": 59500,
          "other": null
        },
        "sixMonthsEnded2024-12-31": {
          "salaries": null,
          "bonus": null,
          "shareBasedPayments": 4439100,
          "total": 195981,
          "other": null
        }
      },
      "namedIndividuals": [
        {
          "name": "Colin Frost",
          "title": "CEO and Director",
          "period": "sixMonthsEnded2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 45000
          }
        },
        {
          "name": "Joe Traversa",
          "title": "Director",
          "period": "sixMonthsEnded2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 3000
          }
        },
        {
          "name": "Colin Robson",
          "title": "Former CFO (consultant)",
          "period": "sixMonthsEnded2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 5500
          }
        },
        {
          "name": "George Nguyen",
          "title": "Director",
          "period": "sixMonthsEnded2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 3000
          }
        },
        {
          "name": "William Page",
          "title": "Director",
          "period": "sixMonthsEnded2025-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 3000
          }
        },
        {
          "name": "Eric Entz",
          "title": "Former CEO",
          "period": "sixMonthsEnded2024-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 5000
          }
        },
        {
          "name": "Sebastian Lowes",
          "title": "Former Director",
          "period": "sixMonthsEnded2024-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 75000
          }
        },
        {
          "name": "Robert Birmingham",
          "title": "Former Director",
          "period": "sixMonthsEnded2024-12-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 3000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Eric Entz (former CEO)",
          "description": "Accounts payable included in accounts payable to related parties",
          "amount": 4390,
          "period": "as at 2025-12-31"
        },
        {
          "counterparty": "Related parties (directors/officers)",
          "description": "Promissory notes and accrued interest, principal $34,000, accrued interest $993, facilitation fees $17,000",
          "amount": 51993,
          "period": "as at 2025-12-31"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-16",
        "description": "Closed sale of Antenna Transfer Inc. to Codeifai Limited for AUD$1,300,000 (AUD$1,150,000 in shares and AUD$150,000 cash).",
        "impactValue": null
      },
      {
        "eventDate": "2026-02",
        "description": "Issued 20,100,000 common shares upon conversion of RSUs to consultants and an officer.",
        "impactValue": null
      }
    ]
  }
]