RE:Q1 Financials available on Sedar Medivolve Inc. (formerly QuestCap Inc.)
Condensed Interim Consolidated Statements of Financial Position
Unaudited
(Expressed in Canadian dollars)
ASSETS
Current assets
Cash $ 477,936 $ 851,409
Inventory 483,838 232,786
Public investments at fair value through profit and loss 6 607,926 403,563
Amounts receivable 4,16 3,343,025 2,312,728
Note and loans receivable 3 557,337 548,605
Prepaid expenses and advances 5 935,765 330,682
Total current assets 6,405,827 4,679,773
Private investments at fair value through profit and loss 6 1,765,788 3,162,369
Royalty interest 7 500,000 500,000
Property and equipment 8 638,302 668,778
Right-of-use assets 1 2 716,359 7,877,826
Intangibles 1 0 7,096,854 2,242,500
TOTAL ASSETS $ 17,123,130 $ 19,131,246
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY)
Current liabilities
Accounts payable and accrued liabilities 6, 16 $ 10,404,221 $ 6,674,882
Loans payable 11,16 8,717,180 13,434,363
Lease liabilities 1 2 715,850 6,775,229
Other liabilities 7 105,835 2,260,774
Total liabilities $ 19,943,086 $ 29,145,248
Shareholders' Equity
Share capital 1 3 $ 56,737,308 $ 41,269,852
Share-based payment reserve 1 4 5,386,106 3,699,378
Accumulated other comprehensive income 128,687 105,580
Deficit (65,072,057) (55,088,812)
Total shareholders' equity (deficiency) $ (2,819,956) $ (10,014,002)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIENCY) $ 17,123,130 $ 19,131,246