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Statement of Changes In Equity (Deficit)

For the periods ended December 31, 2024, 2023, 2022

NoteNumber of ordinary shares outstandingOrdinary sharesAdditional paid in capitalAccumulated deficitTotal
AED · AED · AED · AED
As at January 1, 2022 (AED)23,706,0008,7056,946,107(4,104,925)2,849,887
Capital introduced during the year22--10,363,887-10,363,887
Loss for the period---(11,315,444)(11,315,444)
As at December 31, 2022 (AED)23,706,0008,70517,309,994(15,420,369)1,898,330
Ordinary shares issued for cash26,294,0002,311--2,311
Loss for the period---(11,888,180)(11,888,180)
As at December 31, 2023 (AED)30,000,00011,01617,309,994(27,308,549)(9,987,539)
Fair value adjustment on origination of liability below market interest rates12--1,546,443-1,546,443
Loss for the period---(22,294,417)(22,294,417)
As at December 31, 2024 (AED)30,000,00011,01618,856,437(49,602,966)(30,735,513)
As at December 31, 2024 (USD)30,000,0003,0005,135,195(13,508,432)(8,370,237)
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.