Pineapple Financial Inc.
For the period ended May 31, 2025. Filed Jul 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.
May 31, 2025 · Filed Jul 14, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (unaudited)
Condensed Interim Consolidated Balance Sheets - Unaudited
| As at: · May 31, 2025 · August 31, 2024 | |||
|---|---|---|---|
| Assets | |||
| Current assets | |||
| Cash | $1,134,583 | $580,356 | |
| Trade and other receivables | Note 13 | 180,462 | 155,224 |
| Prepaid expenses and deposits | 81,821 | 157,911 | |
| Total current assets | 1,396,866 | 893,491 | |
| Investment | Note 4 | 9,847 | 10,042 |
| Right-of-use asset | Note 10 | 656,070 | 828,674 |
| Property and equipment | Note 5 | 84,570 | 152,610 |
| Intangible assets | Note 6 | 2,555,050 | 2,211,775 |
| Total Assets | $4,702,403 | $4,096,592 | |
| Liabilities and Shareholders’ Equity | |||
| Current liabilities | |||
| Accounts payable and accrued liabilities | $1,462,844 | $1,125,477 | |
| Deferred revenue | 151,328 | 111,921 | |
| Short term loan | Note 17 | 633,259 | - |
| Current portion of lease liability | Note 10 | 166,355 | 161,508 |
| Total current liabilities | 2,413,786 | 1,398,906 | |
| Deferred government incentive | Note 13 | 410,087 | 491,251 |
| Lease liability | Note 10 | 672,622 | 815,599 |
| Warrant liability | Note 8 | 363,343 | 41,520 |
| Total liabilities | $3,859,838 | $2,747,276 | |
| Shareholders’ Equity | |||
| Common shares, no par value; unlimited authorized; 20,092,025 issued and outstanding shares as of May 31, 2025 and 8,425,358 as at August 31, 2024. | Note 7 | 9,920,070 | 8,559,856 |
| Additional paid-in capital | Note 8,9 | 2,955,944 | 2,955,944 |
| Accumulated other comprehensive loss | (461,363) | (408,510) | |
| Accumulated deficit | (11,572,086) | (9,757,974) | |
| Total stockholders’ equity | 842,565 | 1,349,316 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $4,702,403 | $4,096,592 | |
Description of business and going concern (note 1)
Contingencies and commitments (note 15)
Subsequent events (note 18)
Approved on behalf of Board of Directors
| “Shuba Dasgupta” | “Drew Green” |
|---|
The accompanying notes are an integral part of these unaudited 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.