$ENRT
Enertopia Corp.

2022 Q2 Form 10-Q Financial Statement

#000106299322016302 Filed on July 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $112.8K $132.0K $104.2K
YoY Change 37.54% -59.08% 162.74%
% of Gross Profit
Research & Development $39.52K $649.2K $12.26K
YoY Change 1394.18% 48025.28% 264.88%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $176.8K $781.2K $116.5K
YoY Change 105.64% 138.32% 170.72%
Operating Profit -$176.8K -$781.8K -$117.0K
YoY Change 105.64% 138.5%
Interest Expense $2.211K -$7.310K $280.00
YoY Change 675.79% -2321.88% -98.21%
% of Operating Profit
Other Income/Expense, Net $23.80K $50.00K $0.00
YoY Change 17.97% 602.05% -100.0%
Pretax Income $3.636M -$738.5K -$116.2K
YoY Change -4092.13% 150.15% -152.21%
Income Tax
% Of Pretax Income
Net Earnings $3.636M -$738.5K -$116.2K
YoY Change -4092.3% 150.15% -152.21%
Net Earnings / Revenue
Basic Earnings Per Share $0.02 $0.00 $0.00
Diluted Earnings Per Share $0.02 -$4.859K -$821.10
COMMON SHARES
Basic Shares Outstanding 155.1M shares 152.0M shares 141.5M shares
Diluted Shares Outstanding 155.1M shares 152.0M shares 141.5M shares

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.797M $131.2K $375.9K
YoY Change 1015.6% -71.44% 26.68%
Cash & Equivalents $1.034M $131.2K $360.4K
Short-Term Investments $2.763M $0.00 $15.44K
Other Short-Term Assets $111.5K $137.3K $30.16K
YoY Change 26.59% 155.35% 33.81%
Inventory
Prepaid Expenses $111.5K
Receivables $2.740K $580.00 $6.070K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.911M $269.0K $412.1K
YoY Change 804.54% -47.68% 28.15%
LONG-TERM ASSETS
Property, Plant & Equipment $10.50K $10.50K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $10.50K $10.50K $0.00
YoY Change -84.78% -84.78% -100.0%
TOTAL ASSETS
Total Short-Term Assets $3.911M $269.0K $412.1K
Total Long-Term Assets $10.50K $10.50K $0.00
Total Assets $3.922M $279.5K $412.1K
YoY Change 682.16% -52.07% 28.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $286.6K $274.7K $289.1K
YoY Change 1.35% 0.08% -1.31%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $366.8K $360.1K $379.7K
YoY Change -12.82% -17.11% -20.31%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $366.8K $360.1K $379.7K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $366.8K $360.1K $379.7K
YoY Change -12.82% -17.11% -20.31%
SHAREHOLDERS EQUITY
Retained Earnings -$11.89M
YoY Change
Common Stock $155.1K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.555M -$80.60K $32.39K
YoY Change
Total Liabilities & Shareholders Equity $3.922M $279.5K $412.1K
YoY Change 682.16% -52.07% 28.16%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income $3.636M -$738.5K -$116.2K
YoY Change -4092.3% 150.15% -152.21%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$147.0K -$278.8K -$125.3K
YoY Change 12.75% 118.62% 210.64%
INVESTING ACTIVITIES
Capital Expenditures -$10.50K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $1.061M $49.56K $0.00
YoY Change 4098.34% 66.09% -100.0%
Cash From Investing Activities $1.050M $49.56K $0.00
YoY Change 4056.77% 66.09% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 131.4K
YoY Change -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -147.0K -278.8K -125.3K
Cash From Investing Activities 1.050M 49.56K 0.000
Cash From Financing Activities 0.000 0.000 131.4K
Net Change In Cash 903.0K -229.2K 6.140K
YoY Change -1091.36% -244.2% -97.1%
FREE CASH FLOW
Cash From Operating Activities -$147.0K -$278.8K -$125.3K
Capital Expenditures -$10.50K
Free Cash Flow -$136.5K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="text-align:justify;text-indent:-35pt;margin-left:35pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>b)</strong></span></span><span style="padding-left:25pt"> </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Accounting Estimates</strong></span></span></p> <p style="margin-left:36pt;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions.</span></span></p> </div>
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