Sparc AI Inc. (CSE:SPAI)

Sparc AI Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1.16	0.01	0.12	0.15	0.35
Cash & Short-Term Investments	1.16	0.01	0.12	0.15	0.35
Cash Growth	14213.30%	-93.37%	-16.55%	-58.59%	-45.78%
Accounts Receivable	0.05	-	-	0	0.05
Other Receivables	-	0.02	0.01	0.38	0.42
Receivables	0.05	0.02	0.01	0.38	0.47
Prepaid Expenses	0.03	-	-	0	-
Total Current Assets	1.24	0.03	0.13	0.52	0.82
Property, Plant & Equipment	0.01	0.02	-	0.16	0.26
Other Intangible Assets	0.02	0.02	0.03	0.04	0.04
Other Long-Term Assets	-	-	-	0.03	0.03
Total Assets	1.27	0.07	0.16	0.75	1.16
Accounts Payable	0.08	0.04	0.06	0.37	0.01
Accrued Expenses	-	-	-	0.07	0.11
Short-Term Debt	-	0.06	-	0.27	-
Current Portion of Leases	-	-	-	0.08	0.07
Current Unearned Revenue	-	-	-	0.33	0.31
Other Current Liabilities	-	-	-	0.03	0.14
Total Current Liabilities	0.08	0.1	0.06	1.16	0.65
Long-Term Leases	-	-	-	0.09	0.17
Pension & Post-Retirement Benefits	-	-	-	0.01	0
Total Liabilities	0.08	0.1	0.06	1.26	0.82
Common Stock	4.75	2.37	2.25	5.78	5.29
Additional Paid-In Capital	0.37	0.18	0.12	0.16	0.11
Retained Earnings	-3.9	-2.59	-2.28	-6.4	-5.41
Comprehensive Income & Other	-0.02	0	-	-0.05	0.34
Shareholders' Equity	1.19	-0.04	0.09	-0.51	0.34
Total Liabilities & Equity	1.27	0.07	0.16	0.75	1.16
Total Debt	-	0.06	-	0.45	0.24
Net Cash (Debt)	1.16	-0.06	0.12	-0.3	0.11
Net Cash Per Share	0.07	-0.00	0.01	-0.01	0.00
Filing Date Shares Outstanding	20.35	13.04	12.48	28.05	27.56
Total Common Shares Outstanding	20.35	13.04	12.48	28.05	27.56
Working Capital	1.16	-0.08	0.07	-0.63	0.18
Book Value Per Share	0.06	-0.00	0.01	-0.02	0.01
Tangible Book Value	1.18	-0.06	0.07	-0.54	0.3
Tangible Book Value Per Share	0.06	-0.00	0.01	-0.02	0.01

Source: S&P Global Market Intelligence. Standard template. Financial Sources.