Pineapple Financial Inc
For the period ended May 31, 2024. Filed Jul 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2024 · Filed Jul 15, 2024
PAPL$0.98+3.1%Stored close · as of Oct 23, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (unaudited)
Condensed Interim Consolidated Statements of Cash Flow (Unaudited)
For the nine months ended May 31, 2024
| Nine Months Ended | |||
|---|---|---|---|
| For the period ended: · May 31, 2024 (Unaudited) · May 31, 2023 (Unaudited) | |||
| $ · $ | |||
| Cash provided by (used for) the following activities | |||
| Operating activities | |||
| Net loss for the period | (2,379,444) | (2,211,981) | |
| Adjustments for the following non-cash items: | |||
| Depreciation of property and equipment | Note 5 | 65,300 | 42,592 |
| Depreciation of intangible assets | Note 6 | 369,993 | 180,770 |
| Depreciation on right of use asset | Note 10 | 100,282 | 79,167 |
| Interest expense on lease liability | Note 10 | 47,482 | 43,946 |
| Share-based compensation | Note 9 | - | 32,974 |
| Foreign exchange gain (loss) | (10,751) | - | |
| Change in fair value of warrant liability | Note 8 | (42,251) | - |
| Change in fair value of conversion feature liability | Note 18 | (18,133) | - |
| Net changes in non-cash working capital balances: | |||
| Trade and other receivables | 607,724 | (636,309) | |
| Prepaid expenses and deposits | 65,976 | 267,607 | |
| Accounts payable and accrued liabilities | (74,756) | 187,261 | |
| Deferred government incentive | (175,032) | - | |
| Income taxes receivable | - | 71,078 | |
| Net cash used in operating activities | (1,443,610) | (1,942,895) | |
| Financing activities | |||
| Repayment of loan | Note 17 | (430,099) | - |
| Share capital issuance | Note 7 | 2,751,937 | - |
| Note payable proceed | Note 18 | 300,000 | - |
| Lease payments Repayment of lease obligations | Note 10 | (141,032) | (46,778) |
| Net cash provided by financing activity | 2,480,806 | (46,778) | |
| Investing activities | |||
| Additions to intangible assets | Note 6 | (896,223) | (910,397) |
| Additions to property and equipment | Note 5 | (4,962) | (51,216) |
| Net cash used in investing activity | (901,185) | (961,613) | |
| Net change in cash | 136,011 | (2,951,286) | |
| Effect of changes in foreign exchange rates | (107,607) | (89,253) | |
| Cash, beginning of period | 720,365 | 3,896,839 | |
| Cash, end of period | 748,769 | 856,300 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.