Formation Minerals Balance Sheet

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '25 Jan 31, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021	Apr '20 Apr 30, 2020
Cash & Equivalents	-	-	0.03	0.14	2.09	0
Cash & Short-Term Investments	-	-	0.03	0.14	2.09	0
Cash Growth	-	-	-81.03%	-93.24%	127913.30%	-93.13%
Receivables	0.13	-	-	0.13	0.09	-
Prepaid Expenses	0.05	0.01	0.01	0.03	0.03	-
Restricted Cash	-	-	0	-	-	-
Total Current Assets	0.18	0.01	0.04	0.3	2.21	0
Property, Plant & Equipment	0.19	-	-	4.79	1.01	-
Total Assets	0.37	0.01	0.04	5.09	3.22	0
Accounts Payable	2.77	0.3	0.54	0.17	0.21	0.33
Accrued Expenses	0.14	0.32	0.36	-	-	0.02
Short-Term Debt	0.16	0.23	0.2	-	0	0.6
Current Portion of Long-Term Debt	-	-	-	-	0.21	0.58
Current Portion of Leases	-	-	-	0.06	0.05	-
Other Current Liabilities	1.28	0	-	1.23	0.01	1.61
Total Current Liabilities	4.35	0.85	1.1	1.45	0.48	3.14
Long-Term Leases	-	-	-	0.02	0.08	-
Total Liabilities	4.35	0.85	1.1	1.47	0.56	3.14
Common Stock	0.99	0.56	0.43	1.18	0.68	0
Additional Paid-In Capital	17.51	2.09	4.53	16.67	12.13	4.38
Retained Earnings	-22.47	-3.51	-6.03	-14.26	-10.84	-7.52
Comprehensive Income & Other	-	0.02	-0.03	-	0.68	-
Total Common Equity	-3.97	-0.83	-1.1	3.59	2.66	-3.14
Minority Interest	-	-	0.04	-	-	-
Shareholders' Equity	-3.97	-0.83	-1.06	3.61	2.66	-3.13
Total Liabilities & Equity	0.37	0.01	0.04	5.09	3.22	0
Total Debt	0.16	0.23	0.2	0.08	0.34	1.18
Net Cash (Debt)	-0.16	-0.23	-0.17	0.06	1.75	-1.18
Net Cash Growth	-	-	-	-96.39%	-	-
Net Cash Per Share	-0.00	-0.00	-0.00	0.00	0.02	-0.77
Filing Date Shares Outstanding	100.04	91.38	1,683	1,278	1,165	30.01
Total Common Shares Outstanding	99.11	56.35	1,543	1,179	683.08	1.83
Working Capital	-4.16	-0.83	-1.06	-1.16	1.72	-3.13
Book Value Per Share	-0.04	-0.01	-0.00	0.00	0.00	-1.71
Tangible Book Value	-3.97	-0.83	-1.1	3.59	2.66	-3.14
Tangible Book Value Per Share	-0.04	-0.01	-0.00	0.00	0.00	-1.71
Land	-	-	-	2.5	-	-
Machinery	-	-	-	0.16	-	-
Leasehold Improvements	-	-	-	0.14	-	-

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.