None
SEDAR Interim Financial Statements
CSX · Price
[
{
"companyName": "Clean Seed Capital Group Ltd.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"asAt": "2025-12-31",
"cashAndCashEquivalents": 638409,
"receivables": 42982,
"prepaidExpensesAndDeposits": 128871,
"inventories": 175286,
"totalCurrentAssets": 985548,
"propertyAndEquipment": 36036,
"intellectualProperty": 8000219,
"interestsInJointVenture": 3614133,
"totalNonCurrentAssets": 11650388,
"totalAssets": 12635936,
"accountsPayableAndAccruedLiabilities": 4542677,
"dueToRelatedParties": 1438710,
"loansPayableCurrent": 4888915,
"convertibleDebenturesCurrent": 754253,
"totalCurrentLiabilities": 11624555,
"loansPayableNonCurrent": 1594777,
"totalLiabilities": 13219332,
"shareCapital": 30631673,
"contributedSurplus": 3567111,
"deficit": -34782180,
"totalShareholdersEquity": -583396,
"totalLiabilitiesAndShareholdersEquity": 12635936,
"cashPerShare": 0.0063,
"workingCapitalPerShare": -0.1054
},
"balanceSheetComparative": {
"asAt": "2025-06-30",
"cashAndCashEquivalents": 13700,
"receivables": 27970,
"prepaidExpensesAndDeposits": 34579,
"inventories": 8127,
"totalCurrentAssets": 84376,
"propertyAndEquipment": 38488,
"intellectualProperty": 8409679,
"interestsInJointVenture": 3751633,
"totalNonCurrentAssets": 12199800,
"totalAssets": 12284176,
"accountsPayableAndAccruedLiabilities": 4279872,
"dueToRelatedParties": 1399990,
"loansPayableCurrent": 7941729,
"convertibleDebenturesCurrent": 828211,
"totalCurrentLiabilities": 14449802,
"loansPayableNonCurrent": null,
"totalLiabilities": 14449802,
"shareCapital": 29174306,
"contributedSurplus": 3103435,
"deficit": -34443367,
"totalShareholdersEquity": -2165626,
"totalLiabilitiesAndShareholdersEquity": 12284176,
"cashPerShare": 0.0001,
"workingCapitalPerShare": -0.1511
},
"incomeStatement": {
"threeMonthsEnded2025-12-31": {
"amortizationOfIntellectualProperty": 270000,
"depreciation": null,
"foreignExchangeLoss": 7500,
"interest": 279264,
"officeAndMiscellaneous": 39326,
"personnel": 207710,
"premises": null,
"professional": 97230,
"researchAndDevelopmentRecovery": 92412,
"shareBasedCompensation": null,
"shareOfLossFromEquityAccountedInvestment": 69000,
"travelAndTradeShows": 56419,
"totalOperatingExpenses": -1118861,
"gainOnSettlementOfDebt": 495886,
"gainOnModificationOfDebt": 901052,
"totalOtherItems": 1396938,
"netIncomeLoss": 278077,
"basicEarningsPerShare": 0.00,
"dilutedEarningsPerShare": 0.00,
"weightedAverageSharesOutstanding": 107019860
},
"threeMonthsEnded2024-12-31": {
"amortizationOfIntellectualProperty": 262000,
"depreciation": 2457,
"foreignExchangeLoss": 10226,
"interest": 246576,
"officeAndMiscellaneous": 19190,
"personnel": 126464,
"premises": 53294,
"professional": 28465,
"researchAndDevelopmentRecovery": 58026,
"shareBasedCompensation": 1115,
"shareOfLossFromEquityAccountedInvestment": 68500,
"travelAndTradeShows": 3723,
"totalOperatingExpenses": -880036,
"gainOnSettlementOfDebt": null,
"gainOnModificationOfDebt": null,
"totalOtherItems": null,
"netIncomeLoss": -880036,
"basicEarningsPerShare": -0.01,
"dilutedEarningsPerShare": -0.01,
"weightedAverageSharesOutstanding": 95056869
},
"sixMonthsEnded2025-12-31": {
"amortizationOfIntellectualProperty": 538000,
"depreciation": 2452,
"foreignExchangeLoss": null,
"interest": 538546,
"officeAndMiscellaneous": 46839,
"personnel": 257298,
"premises": null,
"professional": 100448,
"researchAndDevelopmentRecovery": 62996,
"shareBasedCompensation": null,
"shareOfLossFromEquityAccountedInvestment": 137500,
"travelAndTradeShows": 56419,
"totalOperatingExpenses": -1738086,
"gainOnSettlementOfDebt": 495886,
"gainOnModificationOfDebt": 901052,
"totalOtherItems": 1396938,
"netIncomeLoss": -341148,
"basicEarningsPerShare": -0.00,
"dilutedEarningsPerShare": -0.00,
"weightedAverageSharesOutstanding": 101038364
},
"sixMonthsEnded2024-12-31": {
"amortizationOfIntellectualProperty": 521000,
"depreciation": 48763,
"foreignExchangeLoss": 7265,
"interest": 480784,
"officeAndMiscellaneous": 58503,
"personnel": 260435,
"premises": 57149,
"professional": 85547,
"researchAndDevelopmentRecovery": 112879,
"shareBasedCompensation": 2230,
"shareOfLossFromEquityAccountedInvestment": 137000,
"travelAndTradeShows": 10035,
"totalOperatingExpenses": -1781590,
"gainOnSettlementOfDebt": null,
"gainOnModificationOfDebt": null,
"totalOtherItems": null,
"netIncomeLoss": -1781590,
"basicEarningsPerShare": -0.02,
"dilutedEarningsPerShare": -0.02,
"weightedAverageSharesOutstanding": 95056869
}
},
"cashFlowStatement": {
"sixMonthsEnded2025-12-31": {
"netLoss": -341148,
"adjustmentsForNonCashItems": {
"amortizationOfIntellectualProperty": 538000,
"depreciation": 2452,
"foreignExchange": -8713,
"shareOfLossFromEquityAccountedInvestment": 137500,
"interestAccretionAndExpense": 558176,
"shareBasedCompensation": null,
"gainOnSettlementOfDebt": -495886,
"gainOnModificationOfDebt": -901052,
"otherItems": -109000,
"totalAdjustments": -269523
},
"changesInWorkingCapital": {
"receivables": -15012,
"prepaidExpensesAndDeposits": -94292,
"inventories": -167159,
"accountsPayable": 314223,
"dueToRelatedParties": 48244,
"totalChanges": 86004
},
"cashUsedInOperatingActivities": -533667,
"proceedsFromSubscriptions": 1250000,
"shareIssuanceCosts": -1073,
"proceedsFromLoansPayable": null,
"cashFromFinancingActivities": 1248927,
"developmentOfIntellectualProperty": -90551,
"cashUsedInInvestingActivity": -90551,
"increaseInCash": 624709,
"effectOfExchangeRates": null,
"cashBeginning": 13700,
"cashEnd": 638409
},
"sixMonthsEnded2024-12-31": {
"netLoss": -1781590,
"adjustmentsForNonCashItems": {
"amortizationOfIntellectualProperty": 521000,
"depreciation": 48763,
"foreignExchange": null,
"shareOfLossFromEquityAccountedInvestment": 137000,
"interestAccretionAndExpense": 480782,
"shareBasedCompensation": 2230,
"gainOnSettlementOfDebt": null,
"gainOnModificationOfDebt": null,
"otherItems": 4162,
"totalAdjustments": 1193937
},
"changesInWorkingCapital": {
"receivables": -17989,
"prepaidExpensesAndDeposits": -9827,
"inventories": null,
"accountsPayable": 217794,
"dueToRelatedParties": 154355,
"totalChanges": 344333
},
"cashUsedInOperatingActivities": -243320,
"proceedsFromSubscriptions": null,
"shareIssuanceCosts": null,
"proceedsFromLoansPayable": 276575,
"cashFromFinancingActivities": 276575,
"developmentOfIntellectualProperty": -14828,
"cashUsedInInvestingActivity": -14828,
"increaseInCash": 18427,
"effectOfExchangeRates": 33,
"cashBeginning": 31315,
"cashEnd": 49775
}
},
"investmentsAndOtherAssets": [
{
"type": "Joint Venture",
"description": "Interest in Joint Venture with Norwood (50% ownership) to develop, manufacture and distribute seeding and hybrid planting equipment",
"ownershipPercentage": 50,
"value": 3614133,
"notes": "Carrying value as at December 31, 2025; includes share of loss of $137,500 for the six months ended December 31, 2025."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 112041268,
"classesOfShares": ["Common Shares"],
"warrants": [
{
"number": 12500000,
"exercisePrice": 0.25,
"expiryDate": "2026-10-26"
},
{
"number": 2121000,
"exercisePrice": 0.25,
"expiryDate": "2026-10-31"
},
{
"number": 9910666,
"exercisePrice": 0.25,
"expiryDate": "2026-11-21"
},
{
"number": 500000,
"exercisePrice": 0.12,
"expiryDate": "2026-12-16"
}
],
"options": [
{
"number": 300000,
"exercisePrice": 0.40,
"expiryDate": "2026-01-31"
}
],
"rightsConvertibleInstruments": "Convertible debentures; see Note 11."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEnded2025-12-31": {
"shortTermBenefits": 93200
},
"threeMonthsEnded2024-12-31": {
"shortTermBenefits": 100700
},
"sixMonthsEnded2025-12-31": {
"shortTermBenefits": 186400
},
"sixMonthsEnded2024-12-31": {
"shortTermBenefits": 201400
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company controlled by insider",
"description": "On-farm lease charges (no lease in current period; prior period $49,500 for six months ended Dec 31, 2024)",
"amount": null,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Company controlled by insider",
"description": "Promissory note interest incurred",
"amount": 71790,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Directors",
"description": "Promissory note interest incurred",
"amount": 30012,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Director",
"description": "Settlement of accrued interest via shares – gain realized",
"amount": 6134,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Insider",
"description": "Settlement of accrued interest via shares – gain realized",
"amount": 161322,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Directors",
"description": "Modification gain on promissory note restructuring",
"amount": 23110,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Insider",
"description": "Modification gain on promissory note restructuring",
"amount": 106126,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Directors",
"description": "Bonus warrants issued in restructuring (fair value)",
"amount": 13113,
"period": "sixMonthsEnded2025-12-31"
},
{
"counterparty": "Insider",
"description": "Bonus warrants issued in restructuring (fair value)",
"amount": 39728,
"period": "sixMonthsEnded2025-12-31"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-01 (within subsequent period)",
"description": "Issued 5,500,000 common shares to an insider to settle $1,000,000 of amounts due to related parties (2,500,000 shares at $0.10 and 3,000,000 shares at $0.25).",
"impactValue": -1000000
},
{
"eventDate": "2026-01 (within subsequent period)",
"description": "Granted 8,200,000 stock options at an exercise price of $0.10 per share, expiring December 31, 2031.",
"impactValue": null
},
{
"eventDate": "2026-01 (within subsequent period)",
"description": "New equity incentive plan approved, including rolling stock option component (up to 10% of issued shares) and fixed component for RSUs, DSUs, etc. (capped at 11,154,127 shares).",
"impactValue": null
}
]
}
]
More from Clean Seed Capital Group Ltd
Jun 16, 2026 · 09:00