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
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 Operations and Comprehensive Loss(unaudited)
Condensed Interim Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
For the three month and nine month ended May 31, 2025
| Three months ended · Nine months ended | |||||
|---|---|---|---|---|---|
| May 31, 2025 · May 31, 2024 · May 31, 2025 · May 31, 2024 | |||||
| For the period ended · (Unaudited) · (Unaudited) · (Unaudited) · (Unaudited) | |||||
| Revenue | Note 16 | $746,903 | 736,448 | $2,259,396 | 1,971,377 |
| Expenses | |||||
| Selling, general and administrative | Note 11 | 527,835 | 491,666 | 1,522,778 | 1,545,900 |
| Advertising and Marketing | 292,489 | 265,395 | 617,987 | 648,197 | |
| Salaries, wages and benefits | 394,648 | 593,202 | 1,223,722 | 1,825,786 | |
| Interest expense and bank charges | 31,216 | 40,373 | 306,267 | 42,825 | |
| Depreciation | Note 5,6,10 | 219,355 | 220,190 | 648,991 | 535,575 |
| Share-based compensation | Note 9 | - | - | - | - |
| Government Incentive | Note 13 | (22,109) | 21,770 | (70,657) | (176,326) |
| Total expenses | $1,443,434 | 1,632,596 | $4,249,088 | 4,421,957 | |
| Loss from operations | (696,531) | (896,148) | (1,989,692) | (2,450,580) | |
| Foreign exchange gain (loss) | (6,018) | - | (1,905) | 10,751 | |
| Gain (loss) on change in fair value of warrant liability | Note 8 | 309,516 | 29,479 | 341,765 | 42,251 |
| Gain (loss) on change in fair value of conversion feature liability | - | 18,064 | - | 18,134 | |
| Financing costs – warrant issuance | (164,703) | - | (164,280) | - | |
| Loss before income taxes | $(557,736) | (848,605) | $(1,814,112) | (2,379,444) | |
| Income taxes (recovery) expense | - | - | - | - | |
| Net loss | $(557,736) | (848,605) | $(1,814,112) | (2,379,444) | |
| Foreign currency translation adjustment | (34,703) | (41,676) | 52,853 | (62,666) | |
| Net loss and comprehensive loss | $(592,439) | (890,281) | $(1,761,259) | (2,442,110) | |
| Loss per share - basic and diluted ($) | (0.05) | (0.12) | (0.17) | (0.33) | |
| Weighted average number of common shares outstanding - basic and diluted | 12,714,242 | 7,181,978 | 10,067,480 | 7,181,978 | |
| Loss per share - basic and diluted ($) (Post reverse split : 20 shares to 1 share) | (0.93) | (2.48) | (3.50) | (6.80) | |
| Weighted average number of Common shares outstanding – basis and diluted (Post reverse split: 20 Shares to 1 Share) | Note 18 | 635,712 | 359,099 | 503,374 | 359,0991 |
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.