EarthLabs Inc. (TSXV: SPOT)

EarthLabs Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	4.83	5.23	25.35	6.56	4.47	4.76
Short-Term Investments	38.84	37.23	24.02	43.17	17.82	4.87
Cash & Short-Term Investments	43.67	42.46	49.37	49.73	22.29	9.63
Cash Growth	-8.16%	-14.00%	-0.72%	123.11%	131.34%	532.60%
Accounts Receivable	0.39	0.12	0.12	1.29	0.49	0.13
Other Receivables	0.32	0.91	-	0.45	-	0.06
Receivables	0.72	1.03	0.12	1.74	0.49	0.19
Prepaid Expenses	0.35	0.27	0.15	0.39	0.09	0.14
Other Current Assets	0.55	0.49	3.18	0.61	0.53	-
Total Current Assets	45.29	44.25	52.81	52.47	23.39	9.97
Property, Plant & Equipment	1.18	1.25	0.15	1.64	0.34	0.29
Goodwill	0.62	0.62	2.21	9.04	-	-
Other Intangible Assets	2.88	3.13	8.11	9.98	-	-
Total Assets	49.97	49.25	63.27	73.13	23.73	10.26
Accounts Payable	1.43	1.29	1	2.46	0.3	0.24
Accrued Expenses	0.11	0.04	0.44	0.05	0.23	0.04
Current Portion of Long-Term Debt	0.27	0.25	-	-	-	-
Current Portion of Leases	0.14	0.12	0.05	0.14	0.1	0.06
Current Income Taxes Payable	-	-	1.02	0	-	-
Current Unearned Revenue	2.92	1.92	1	6.07	3.12	2.23
Other Current Liabilities	-	-	-	-	0.01	-
Total Current Liabilities	4.87	3.63	3.52	8.72	3.76	2.58
Long-Term Debt	0.77	0.73	-	-	-	-
Long-Term Leases	0.93	1.03	0.09	0.09	0.18	0.18
Long-Term Deferred Tax Liabilities	0.66	0.2	1.57	3.29	1.4	-
Total Liabilities	7.22	5.59	5.18	12.11	5.34	2.75
Common Stock	46.53	46.43	46.15	43.99	12.98	12.98
Additional Paid-In Capital	6.01	5.8	3.85	2.08	1.45	0.84
Retained Earnings	-9.79	-8.56	8.06	14.91	3.87	-6.51
Comprehensive Income & Other	-	-	0.04	0.04	-	0.2
Total Common Equity	42.75	43.66	58.1	61.02	18.29	7.51
Minority Interest	-	-	-	-	0.1	-
Shareholders' Equity	42.75	43.66	58.1	61.02	18.39	7.51
Total Liabilities & Equity	49.97	49.25	63.27	73.13	23.73	10.26
Total Debt	2.1	2.14	0.14	0.23	0.28	0.24
Net Cash (Debt)	41.57	40.32	49.23	49.5	22.01	9.4
Net Cash Growth	-12.39%	-18.09%	-0.55%	124.93%	134.16%	517.08%
Net Cash Per Share	0.30	0.29	0.36	0.42	0.23	0.11
Filing Date Shares Outstanding	137.8	137.39	137.39	136.5	94.72	94.72
Total Common Shares Outstanding	137.8	137.39	136.56	133.4	94.72	94.72
Working Capital	40.42	40.62	49.29	43.74	19.63	7.39
Book Value Per Share	0.31	0.32	0.43	0.46	0.19	0.08
Tangible Book Value	39.24	39.91	47.78	42	18.29	7.51
Tangible Book Value Per Share	0.28	0.29	0.35	0.31	0.19	0.08
Machinery	0.14	0.06	0.01	1.51	0.1	0.08
Leasehold Improvements	0.03	0.03	-	-	-	-

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