Pineapple Financial Inc.
For the period ended Feb 28, 2025. Filed Apr 14, 2025.
View on SEC.govAbout this filing
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.
Feb 28, 2025 · Filed Apr 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss(unaudited)
Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
For the three month and six month ended February 28, 2025
(Expressed in US Dollars)
| Three months ended · Six months ended | |||||
|---|---|---|---|---|---|
| February 28, 2025 · February 29, 2024 · February 28, 2025 · February 29, 2024 | |||||
| For the period ended · (Unaudited) · (Unaudited) · (Unaudited) · (Unaudited) | |||||
| Revenue | Note 16 | $743,309 | 784,869 | $1,512,236 | 1,352,858 |
| Expenses | |||||
| Selling, general and administrative | Note 11 | 572,853 | 592,202 | 995,190 | 1,031,947 |
| Advertising and Marketing | 57,101 | 150,597 | 326,945 | 404,017 | |
| Salaries, wages and benefits | 391,418 | 541,062 | 828,764 | 1,186,316 | |
| Interest expense and bank charges | 100,005 | 28,450 | 273,812 | 49,881 | |
| Depreciation | Note 5,6,10 | 242,181 | 160,999 | 429,645 | 315,184 |
| Share-based compensation | Note 9 | - | - | - | - |
| Government Incentive | Note 13 | (21,301) | (29,109) | (48,518) | (80,334) |
| Total expenses | $1,342,257 | 1,444,201 | $2,805,838 | 2,907,011 | |
| Loss from operations | (598,948) | (659,332) | (1,293,602) | (1,554,153) | |
| Foreign exchange gain (loss) | (969) | - | 4,021 | 10,772 | |
| Gain (loss) on change in fair value of warrant liability | Note 8 | 4,468 | 1,876 | 35,591 | 12,685 |
| Loss before income taxes | $(595,449) | (657,456) | $(1,253,990) | (1,530,696) | |
| Income taxes (recovery) expense | - | ||||
| Net loss | $(595,449) | (657,456) | $(1,253,990) | (1,530,696) | |
| Foreign currency translation adjustment | (184,795) | 1,727 | 87,556 | (10,451) | |
| Net loss and comprehensive loss | $(780,244) | (655,729) | $(1,166,434) | (1,541,147) | |
| Loss per share - basic and diluted ($) | (0.09) | (0.10) | (0.13) | (0.24) | |
| Weighted average number of common shares outstanding - basic and diluted | 9,026,001 | 6,475,300 | 8,760,507 | 6,475,300 | |
The accompanying notes are an integral part of these condensed interim consolidated financial statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.