META MATERIALS INC. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Interim Balance Sheets

In millions of USD, except per-share amounts

	Q1 FY2024 As of Mar 31, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021	Q2 FY2021 As of Jun 30, 2021	Q1 FY2021 As of Mar 31, 2021	Q4 FY2020 As of Dec 31, 2020	Q3 FY2020 As of Sep 30, 2020	Q2 FY2020 As of Jun 30, 2020	Q1 FY2020 As of Mar 31, 2020	Q4 FY2019 As of Dec 31, 2019	Q3 FY2019 As of Sep 30, 2019	Q2 FY2019 As of Jun 30, 2019
Assets
Current assets:
Cash
Convertible note receivable
Accounts receivable
Accounts receivable, related party
Production revenue receivable
Subscription receivable
Prepayments - development costs
Prepaid expenses
Cash and cash equivalents
Restricted Cash
Short-term investments
Grants receivable
Accounts receivables
Subscription receivables
Notes receivable, net of allowance for credit loss
Inventory
Prepaid expenses and other current assets
Assets held for sale
Due from related parties
Subscriptions receivable
Total current assets
Oil and gas properties, net

Intangible assets, net
Property, plant and equipment, net
Other assets
Operating lease right-of-use ("ROU") assets
Long-term subscription receivables
Goodwill
Total assets
Liabilities and stockholders' equity
Current liabilities
Trade payables
Unsecured promissory notes, net of discount and financing costs of $315,404 at September 30, 2019
12% 2020 Unsecured promissory notes, net of $825 and $127,170 of discount and financing costs, respectively
Convertible Notes Payable, Current
12% Secured Promissory Notes
12% Unsecured Promissory Notes
10% Convertible Promissory Notes Payable
8% Convertible Promissory Notes Payable
6% Secured Convertible Promissory Note
14% Convertible Promissory Notes Payable
Total convertible Notes Payable, Current
14% 2020 Convertible promissory notes payable
Accrued payroll
Due to related party
Due to working interest owners
Accrued interest payable
Accruals and other payables
Restructuring costs accrual
Current portion of long-term debt
Current portion of deferred revenues
Current portion of deferred government assistance
Preferred stock liability
Current portion of funding obligation
Current portion of operating lease liabilities
Asset retirement obligations
Unsecured convertible promissory notes
Secured convertible debentures
Total current liabilities
Unsecured promissory notes, net of discount
12% 2021 Secured promissory notes, net of $136,704 and $59,297 of discount and financing costs, respectively
8% 2021 Convertible promissory notes payable, net of $1,065,619 and $1,186,029 of discount and BCF, respectively
Notes payable
14% 2021 Convertible promissory notes payable
Convertible Debt, Noncurrent
12% Unsecured Promissory Notes
8% Convertible Promissory Notes Payable
6% Secured Convertible Promissory Note
14% Convertible Promissory Notes Payable
Total convertible Debt, Noncurrent
PPP note payable
Related party payables
Interest payable, net of current portion

Deferred revenues
Deferred government assistance
Deferred tax liabilities
Unsecured convertible debentures
Long-term operating lease liabilities
Long-term funding obligation
Long-term debt
Asset retirement obligations
Total liabilities
Stockholders' equity
Preferred stock, par value $0.001, 10,000,000 shares authorized; -0- issued and outstanding March 31, 2021 and December 31, 2020
Common stock - $0.001 par value; 10,000,000 shares authorized, 6,694,635 shares issued and outstanding at March 31, 2024, and $0.001 par value; 10,000,000 shares authorized, 5,659,438 shares issued and outstanding at December 31, 2023
Treasury stock, at cost, 18,536 shares at March 31, 2024 and 0 shares at December 31, 2023
Additional paid-in capital
Accumulated other comprehensive loss
Accumulated deficit
Total stockholders' equity

Total liabilities and stockholders' equity

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