JAYDEN RESOURCES INC. Jayden Resources Inc.
Interim Condensed Consolidated Financial Statements
Six Months Ended June 30, 2022 and 2021
(Expressed in Canadian Dollars)
(Unaudited)
Address: | Suite #2250, 1055 West Hastings Street |
Vancouver, British Columbia | |
V6E 2E9 | |
Contact: | Herrick Lau |
Chief Financial Officer | |
Telephone number: | (604) 688-9588 |
Fax number: | (778) 329-9361 |
Email address: | hlau@jaydenresources.com |
Website: | www.jaydenresources.com |
Contents
Page | |
Management's Responsibility | 2 |
Interim Condensed Consolidated Statements of Profit and Loss | 3 |
Interim Condensed Consolidated Statements of Financial Position | 4 |
Interim Condensed Consolidated Statements of Changes in Equity | 5 |
Interim Condensed Consolidated Statements of Cash Flows | 6 |
Notes to the Interim Condensed Consolidated Financial Statements | 7-17 |
1
NOTICE OF NO AUDITOR REVIEW OF
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
The accompanying unaudited interim condensed consolidated financial statements of Jayden Resources Inc. for the six months ended June 30, 2022 have been prepared by the management of the Company and approved by the Company's Audit Committee and the Company's Board of Directors.
Under National Instrument 51-102, Part 4, subsection 4.3 (3) (a), if an auditor has not performed a review of the interim condensed consolidated financial statements, they must be accompanied by a notice indication that an auditor has not reviewed the interim condensed consolidated interim financial statements.
The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared by and are the responsibility of the Company's management.
The Company's independent auditor has not performed a review of these interim condensed consolidated financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of the interim condensed consolidated financial statements by an entity's auditor.
2
Jayden Resources Inc.
Interim Condensed Consolidated Statements of Profit and Loss (Expressed in Canadian dollars)
(Unaudited)
Three Months Ended | Six Months Ended | ||||||||
June 30, | June 30, | ||||||||
Notes | 2022 | 2021 | 2022 | 2021 | |||||
Expenses | |||||||||
Administrative expenses | 4 | $ | (272,611) | $ | (135,717) | $ | (425,136) | $ | (238,180) |
Operating loss for the period | (272,611) | (135,717) | (425,136) | (238,180) | |||||
Other income (loss) | |||||||||
Unrealized gain on marketable securities | 5 | (367,500) | - | (180,000) | - | ||||
Other income (loss) for the period | (367,500) | - | (180,000) | - | |||||
Net income (loss) | $ | (640,111) | $ | (135,717) | $ | (605,136) | $ | (238,180) | |
Loss per share | |||||||||
- Basic and diluted | $ | (0.01) | $ | (0.00) | $ | (0.01) | $ | (0.01) | |
Weighted average number of common shares outstanding | |||||||||
- Basic and diluted | 50,663,699 | 35,442,001 | 49,617,861 | 35,020,406 |
The accompanying notes are an integral part of these interim condensed consolidated financial statements.
3
Jayden Resources Inc.
Interim Condensed Consolidated Statements of Financial Position (Expressed in Canadian dollars)
(Unaudited)
As at | June 30, | December 31, |
Notes | 2022 | 2021 |
$ | $ |
ASSETS | |||
Current assets | |||
Cash and cash equivalents | 1,526,900 | 4,065,226 | |
GST and QST receivables | 422,560 | 383,553 | |
Subscription receivables | - | 21,000 | |
Prepaid expenses | 66,447 | 3,784 | |
Marketable securities | 5 | 180,000 | 360,000 |
2,195,907 | 4,833,563 | ||
Non-current assets | |||
Exploration and evaluation assets | 6 | 5,640,083 | 4,831,516 |
5,640,083 | 4,831,516 | ||
Total Assets | 7,835,990 | 9,665,079 | |
Liabilities and Shareholders' Equity | |||
Current liabilities | |||
Account payable and accrued liabilities | 8 | 337,918 | 2,221,871 |
Total Liabilities | 337,918 | 2,221,871 | |
Shareholders' Equity | |||
Share capital | 7 | 55,345,816 | 54,685,816 |
Reserves | 2,315,132 | 2,315,132 | |
Accumulated deficit | (50,162,876) | (49,557,740) | |
Total equity | 7,498,072 | 7,443,208 | |
Total Liabilities and Shareholders' Equity | 7,835,990 | 9,665,079 | |
(Nature of operations and going concern - Note 1) |
(Commitments - Note 11) (Subsequent event - Note 13)
Approved on Behalf of the Board
"Denise Lok" Director
Denise Lok
"Queenie Kuang" Director
Queenie Kuang
The accompanying notes are an integral part of these interim condensed consolidated financial statements.
4
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Disclaimer
Jayden Resources Inc. published this content on 22 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2022 17:29:07 UTC.
