TSXV:IFR Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Cash & Equivalents	0.06	0.29	0.02	0.03	0.31	Upgrade
Cash & Short-Term Investments	0.06	0.29	0.02	0.03	0.31	Upgrade
Cash Growth	-78.31%	1608.23%	-32.74%	-91.69%	586.84%	Upgrade
Other Receivables	0.04	0.04	0.05	0.04	0.01	Upgrade
Receivables	0.04	0.04	0.05	0.04	0.26	Upgrade
Prepaid Expenses	0	0.03	0.04	0.02	0.03	Upgrade
Other Current Assets	-	0.01	-	-	0.51	Upgrade
Total Current Assets	0.11	0.37	0.1	0.09	1.11	Upgrade
Total Assets	0.11	0.37	0.1	0.09	3.55	Upgrade
Accounts Payable	0.12	0.15	0.65	0.53	0.31	Upgrade
Accrued Expenses	0.14	0.16	-	-	-	Upgrade
Short-Term Debt	-	0.03	0.02	-	-	Upgrade
Current Portion of Long-Term Debt	0.06	-	-	-	-	Upgrade
Other Current Liabilities	2.36	1.55	0.02	0.35	-	Upgrade
Total Current Liabilities	2.68	1.9	0.69	0.88	0.31	Upgrade
Long-Term Debt	-	0.06	0.05	0.05	1.05	Upgrade
Total Liabilities	2.68	1.95	0.75	0.93	1.35	Upgrade
Common Stock	59.03	59.03	58.67	58.67	58.67	Upgrade
Additional Paid-In Capital	13.59	13.59	12.79	12.79	12.77	Upgrade
Retained Earnings	-75.19	-74.2	-72.11	-72.3	-69.24	Upgrade
Shareholders' Equity	-2.57	-1.58	-0.65	-0.84	2.19	Upgrade
Total Liabilities & Equity	0.11	0.37	0.1	0.09	3.55	Upgrade
Total Debt	0.06	0.08	0.08	0.05	1.05	Upgrade
Net Cash (Debt)	0.01	0.21	-0.06	-0.02	-0.74	Upgrade
Net Cash Growth	-97.30%	-	-	-	-	Upgrade
Net Cash Per Share	0.00	0.01	-0.00	-0.00	-0.05	Upgrade
Filing Date Shares Outstanding	38.09	38.09	35.79	14.96	14.96	Upgrade
Total Common Shares Outstanding	38.09	38.09	14.96	14.96	14.96	Upgrade
Working Capital	-2.57	-1.52	-0.59	-0.79	0.8	Upgrade
Book Value Per Share	-0.07	-0.04	-0.04	-0.06	0.15	Upgrade
Tangible Book Value	-2.57	-1.58	-0.65	-0.84	2.19	Upgrade
Tangible Book Value Per Share	-0.07	-0.04	-0.04	-0.06	0.15	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.