Post by
HEYmoneymoney on Sep 29, 2020 2:55pm
Statements of Financial
SLAM Exploration Ltd. Condensed Interim Statements of Financial Position (Expressed in Canadian Dollars) (Unaudited) As at July 31, 2020 January 31, 2020 (Audited) The accompanying notes are an integral part of the condensed unaudited interim financial statements 1 Assets Current Assets Cash and cash equivalents $ 346,271 $ 12,349 Amounts receivable - 44,762 Sales tax receivable 48,099 - Marketable securities (Note 5) 396,985 90,000 Total current assets 791,355 147,111 Equipment (Note 6) 326 375 Exploration and evaluation assets (Note 7) 120,976 160,908 Total assets $ 912,657 $ 308,394 Liabilities Current liabilities Trade payables and accrued liabilities (Note 11) $ 471,589 $ 424,747 Sales tax payable - 4,988 Total current liabilities 471,589 429,735 Long-term loan payable (Note 8) 30,000 - Total liabilities 501,589 429,735 Equity (deficiency) Share capital (Note 9) 24,617,257 24,538,360 Share subscriptions received in advance (Note 9) 21,600 - Share options reserve (Notes 9 and 12) 90,753 101,130 Warrants reserve (Note 9) 133,732 164,651 Deficit (24,452,274) (24,925,482) Total equity (deficiency) 411,068 (121,341) Total liabilities and equity $ 912,657 $ 308,394