SEDAR Interim Financial Statements

[
  {
    "companyName": "ALSET AI VENTURES INC.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 680335,
      "accountsReceivable": 20259,
      "prepaidExpenses": 17171,
      "loansReceivable": 1072734,
      "digitalCurrencies": 7432,
      "totalCurrentAssets": 1797931,
      "investmentInCedarcross": 2800000,
      "investmentInVertex": 1,
      "investmentInVersesAI": 1024,
      "investmentInBlueprintAI": 150000,
      "investmentInHenonFinancial": 367645,
      "depositForInvestmentInCHIP": 50000,
      "investmentInInverite": 188500,
      "totalAssets": 5355101,
      "accountsPayableAndAccruedLiabilities": 672480,
      "totalCurrentLiabilities": 672480,
      "shareCapital": 41161750,
      "equityPortionOfConvertibleDebentures": 0,
      "reserves": 3405039,
      "deficit": -40682621,
      "totalShareholdersEquity": 4682621,
      "totalLiabilitiesAndShareholdersEquity": 5355101,
      "cashPerShare": 0.0044,
      "workingCapitalPerShare": 0.0072
    },
    "incomeStatement": {
      "netInvestmentGainLoss": 63955,
      "generalExpenses": null,
      "accretionExpense": 0,
      "consultingAndManagementFees": 239773,
      "interestExpense": 0,
      "investorRelationsAndMarketing": 46216,
      "officeAndMiscellaneous": 13272,
      "professionalFees": 234145,
      "shareBasedPayments": 314137,
      "transferAgentAndFilingFees": 3741,
      "lossBeforeOtherItems": -787329,
      "interestIncome": 12388,
      "foreignExchangeLoss": -9703,
      "gainLossOnDebtSettlement": 0,
      "writeOffOfReceivables": 0,
      "otherIncome": 0,
      "lossAndComprehensiveLoss": -784644,
      "basicLossPerShare": -0.01,
      "dilutedLossPerShare": -0.01,
      "weightedAverageSharesOutstandingBasic": 156023217,
      "weightedAverageSharesOutstandingDiluted": 156023217
    },
    "cashFlowStatement": {
      "cashFromOperatingActivities": {
        "lossForTheYear": -784644,
        "itemsNotAffectingCash": {
          "accretionExpense": 0,
          "accruedInterestExpense": 0,
          "accruedInterestReceivable": -12388,
          "netChangeInUnrealizedLossOnInvestments": -82633,
          "unrealizedFairValueLossOnDerivativeFinancialInstrument": 18678,
          "realizedGainOnSaleOfInvestments": 0,
          "gainOnConversionOfConvertibleDebts": 0,
          "gainLossOnDebtSettlement": 0,
          "writeOffOfReceivable": 0,
          "shareBasedPayments": 314137,
          "otherItems": {
            "investmentInBlueprint": 0,
            "proceedsFromSaleOfInvestments": 0
          }
        },
        "changesInNonCashWorkingCapital": {
          "accountsPayableAndAccruedLiabilities": -107653,
          "accountsReceivable": 0,
          "prepaidExpenses": 12218
        },
        "netCashUsedInOperatingActivities": -642285
      },
      "cashFromInvestingActivities": {
        "fundsLoaned": -191750,
        "loansRepaid": 9370,
        "netCashUsedInInvestingActivities": -182380
      },
      "cashFromFinancingActivities": {
        "sharesIssuedForCash": 700000,
        "exerciseOfOptions": 11000,
        "exerciseOfWarrants": 55800,
        "netCashProvidedByFinancingActivities": 766800
      },
      "changeInCashDuringPeriod": -57865,
      "cashBeginningOfPeriod": 738200,
      "cashEndOfPeriod": 680335
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Cedarcross International Technologies Inc. (Lyken AI) - 100% ownership",
        "ownershipPercentage": 100,
        "value": 2800000,
        "notes": "Fair value based on recent transaction for remaining 25% stake in August 2025"
      },
      {
        "type": "Equity Investment",
        "description": "Vertex AI Ventures Inc. - 49% ownership",
        "ownershipPercentage": 49,
        "value": 1,
        "notes": "Fair value assessed as improbable to generate future cash flows"
      },
      {
        "type": "Warrant",
        "description": "VERSES AI Inc. warrants - 312,500 warrants exercisable at $1.20, expiry Sept 2027",
        "ownershipPercentage": null,
        "value": 1024,
        "notes": "Black-Scholes valuation; shares already sold"
      },
      {
        "type": "Equity Investment",
        "description": "Blueprint AI Technologies Inc. - 11.56% ownership (1,111,111 shares)",
        "ownershipPercentage": 11.56,
        "value": 150000,
        "notes": "Cost basis; contingent additional investment conditional on milestones"
      },
      {
        "type": "Equity Investment",
        "description": "Henon Financial Technologies Inc. - 147,058 shares",
        "ownershipPercentage": null,
        "value": 367645,
        "notes": "Fair value based on most recent financing price prior to Sept 30, 2025"
      },
      {
        "type": "Equity and Warrants",
        "description": "Inverite Insights Inc. - 400,000 common shares and 200,000 warrants (exercise $0.35, expiry Dec 2027)",
        "ownershipPercentage": null,
        "value": 188500,
        "notes": "Received from loan settlement; warrants valued via Black-Scholes"
      },
      {
        "type": "Deposit",
        "description": "CHIP Data Centers Inc. - deposit of $50,000 for 125,000 shares at $0.40 each",
        "ownershipPercentage": null,
        "value": 50000,
        "notes": "Shares received on Jan 5, 2026 (subsequent event)"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 171118705,
      "classesOfShares": ["Common Shares"],
      "warrants": [
        { "number": 15924572, "exercisePrice": 0.15, "expiryDate": "2027-03-15" },
        { "number": 1728487, "exercisePrice": 0.15, "expiryDate": "2027-03-15" },
        { "number": 4075421, "exercisePrice": 0.15, "expiryDate": "2027-03-22" },
        { "number": 209566, "exercisePrice": 0.15, "expiryDate": "2027-03-22" },
        { "number": 2812400, "exercisePrice": 0.40, "expiryDate": "2027-05-15" },
        { "number": 620000, "exercisePrice": 0.25, "expiryDate": "2027-05-15" },
        { "number": 26000, "exercisePrice": 0.40, "expiryDate": "2027-05-17" },
        { "number": 64000, "exercisePrice": 0.25, "expiryDate": "2027-05-17" },
        { "number": 640092, "exercisePrice": 0.15, "expiryDate": "2027-02-27" },
        { "number": 6363636, "exercisePrice": 0.10, "expiryDate": "2027-12-16" }
      ],
      "options": [
        { "number": 525000, "exercisePrice": 0.25, "expiryDate": "2027-03-27" },
        { "number": 1450000, "exercisePrice": 0.05, "expiryDate": "2029-02-02" },
        { "number": 2780000, "exercisePrice": 0.06, "expiryDate": "2027-09-20" },
        { "number": 3020000, "exercisePrice": 0.05, "expiryDate": "2027-11-18" },
        { "number": 2000000, "exercisePrice": 0.08, "expiryDate": "2027-08-15" },
        { "number": 1000000, "exercisePrice": 0.11, "expiryDate": "2027-08-28" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "salaries": null,
          "shareBasedPayments": 314137,
          "consultingAndManagementFees": 239773,
          "bonuses": null,
          "total": 553910,
          "namedIndividuals": [
            {
              "name": "CFO (associated company)",
              "title": "CFO",
              "period": "2025-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "managementFees": 49613,
                "shareBasedPayments": null,
                "total": 49613
              }
            },
            {
              "name": "CEO (owned company)",
              "title": "CEO",
              "period": "2025-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "consultingFees": 82688,
                "shareBasedPayments": null,
                "total": 82688
              }
            },
            {
              "name": "Director (owned company)",
              "title": "Director",
              "period": "2025-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "consultingFees": 31500,
                "shareBasedPayments": null,
                "total": 31500
              }
            }
          ],
          "otherRelatedPartyTransactions": []
        },
        "2024-12-31": {
          "salaries": null,
          "shareBasedPayments": 272189,
          "consultingAndManagementFees": 326308,
          "bonuses": null,
          "total": 598497,
          "namedIndividuals": [
            {
              "name": "CFO (associated company)",
              "title": "CFO",
              "period": "2024-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "managementFees": 15750,
                "shareBasedPayments": null,
                "total": 15750
              }
            },
            {
              "name": "CEO (owned company)",
              "title": "CEO",
              "period": "2024-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "consultingFees": 38750,
                "shareBasedPayments": null,
                "total": 38750
              }
            },
            {
              "name": "Director (owned company)",
              "title": "Director",
              "period": "2024-12-31",
              "components": {
                "salary": null,
                "bonus": null,
                "consultingFees": 30000,
                "shareBasedPayments": null,
                "total": 30000
              }
            }
          ],
          "otherRelatedPartyTransactions": []
        }
      },
      "namedIndividuals": null
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-04",
        "description": "Issued 5,000,000 Options to directors, officers, and consultants at $0.055 per share, vesting quarterly over one year, expiry two years from grant.",
        "impactValue": null
      },
      {
        "eventDate": "2026-01-04",
        "description": "Issued 5,550,000 RSUs to directors, officers, and consultants, vesting on first anniversary.",
        "impactValue": null
      },
      {
        "eventDate": "2026-01-05",
        "description": "Received 125,000 common shares of CHIP Data Centers Inc. as previously deposited $50,000.",
        "impactValue": 50000
      },
      {
        "eventDate": "2026-02-24",
        "description": "Closed first tranche of loan transaction with insider Randy Gilling for $500,000 principal via 500 non-convertible debentures at 6% interest, maturing in 3 years; also issued 3,333,333 warrants at $0.15.",
        "impactValue": 500000
      }
    ]
  }
]