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Wi2Wi : Financial Statements for the period ending June 30, 2025
Wi2Wi : Financial Statements for the period ending June 30,
About this update from Wi2wi Corp.
Wi2Wi Corporation Condensed Consolidated Interim Financial Statements (Unaudited, expressed in US Dollars) Six Month Period June 30, 2025 and June 30, 2024 Notice to Reader These condensed consolidated interim financial statements of Wi2Wi Corporation for the six months ended June 30, 2025 have been prepared by Management and were authorized for issue in accordance with a resolution of the Board of directors on August 13, 2025. Wi2Wi Corporation's independent auditor has not performed a review of these condensed consolidated interim financial statements, in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entities auditors. Toronto, Canada August 15, 2025 Wi2Wi Corporation Table of Contents Condensed Consolidated Interim Financial Statements (unaudited) Unaudited Condensed Consolidated Interim Statements of Financial 3 Position Unaudited Consolidated Interim Statements of Loss and Comprehensive 4 Loss Consolidated Statements of Changes in Shareholders' Equity 5 Unaudited Consolidated Interim Statements of Cash Flows 6 Notes to unaudited Condensed Consolidated Interim Financial Statements 7-25 Unaudited Condensed Consolidated Interim Statements of Financial Position (In thousands of U.S. dollars) June 30, 2025 December 31, 2024 Assets Current Assets Cash $ 234 $ 431 Trade accounts receivable (Note 7) 978 1,097 Inventories (Note 8) 2,346 2,613 Prepaid expenses and other current assets 337 184 Total current assets 3,895 4,325 Property and equipment (Note 9) 687 746 Right of use assets (Note 10) 4,117 4,307 Total Assets $ 8,699 $ 9,378 Liabilities Current Liabilities Accounts payable $ 989 $ 730 Accrued liabilities (Note 11) 64 419 Current portion of lease obligations (Note 12) 241 241 Current portion of note payable (Note 14) 64 64 Total current liabilities 1,358 1,454 Lease obligations (Note 12) 4,319 4,435 Note payable (Note 14) 205 236 Economic injury disaster loan (Note 13) 150 150 Total Liabilities 6,032 6,275 Shareholders' Equity Common shares (Note 16) 30,115 29,487 Reserves (Note 17) 3,937 3,931 Accumulated other comprehensive loss (3) (3) Accumulated deficit (31,382) (30,312) Total shareholders' equity 2,667 3,103 Total Liabilities and Shareholders' Equity $ 8699 $ 9,378 Nature and Description of Company and Going Concern (Note 1) See accompanying notes t...