Fandifi Technology : Interim Financial Statements Q1 - April 30, 2022

Fandifi Technology Corp

(Formerly Fandom Sports Media Corp.)

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

THREE MONTHS ENDED APRIL 30, 2022 AND 2021

(Expressed in Canadian Dollars)

(unaudited)

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCAL STATEMENTS

Under National Instrument 51-102, Part 4, subsection 4.3(3) (a), if an auditor has not performed a review of the unaudited condensed consolidated interim financial statements, they must be accompanied by a notice indicating that the unaudited condensed consolidated interim financial statements have not been reviewed by an auditor.

The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by management and approved by the Audit Committee and Board of Directors of the Company. They include appropriate accounting principles, judgment and estimates in accordance with IFRS for unaudited condensed consolidated interim financial statements

The Company's independent auditors have not performed a review of these unaudited condensed consolidated interim financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of unaudited condensed interim financial statements by an entity's auditors.

Fandifi Technology Corp. (Formerly Fandom Sports Media Corp.) Consolidated Statements of Financial Position

(Expressed in Canadian dollars) (unaudited)

			April 30,		January 31,
As at	Notes		2022		2022
ASSETS
Current assets
Cash and equivalents		$	2,599,914	$	3,444,811
Commodity tax recoverable	4		299,497		270,964
Prepaid expenses			280,547		296,683
			3,179,958		4,012,458
Non-current assets
Equipment	5		19,974		27,550
Intangible assets	6		889,589		889,589
			909,563		917,139
TOTAL ASSETS			$4,089,521		$4,929,597
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities	7,10		96,131		140,102
			96,131		140,102
EQUITY (DEFICIT)
Share capital	8	$	21,163,922	$	21,163,922
Share-based payment reserve	9		5,203,573		5,203,573
Deficit			(22,374,105)		(21,578,000)
TOTAL EQUITY (DEFICIT)			3,993,390		4,789,495
TOTAL LIABILITIES AND EQUITY (DEFICIT)		$	4,089,521	$	4,929,597

Nature and continuance of operations and going concern (Note 1)

Events after the reporting period (Note 13)

Approved and authorized by the Board on June 29, 2022

Director

"David Vinokurov"

Director

"Tristan Brett"

See accompanying notes to the consolidated financial statements

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Fandifi Technology Corp. (Formerly Fandom Sports Media Corp.) Consolidated Statements of Loss and Comprehensive Loss (Expressed in Canadian dollars) (unaudited)

	Notes	Three months		Three months
	ended Apr 30, 2022	ended Apr 30, 2021
Expenses
Amortization	5	7,577		$
Consulting and management fees	10	233,361		297,705
Platform development costs	6,10	319,755		214,500
Interest, bank charges, foreign exchange		7,647		2,307
Legal and audit		63,291		6,882
Marketing and promotion		103,353		188,928
Office and general		29,873		1,948
Share-based compensation	9,10	0		579,600
Technology costs				1,983
Transfer agent and filing fees				14,404
Travel
Software maintenance		31,250
	$	796,106	$	1,308,258
Other Items
Platform income		-		-
Interest income				-
Impairment of equipment	5	-		-
Loss on debt settlement	8	)		4,931
Loss and comprehensive loss for the year	$	796,106	$	1,313,189
Loss per share - basic and diluted	$	(0.01)	$	(0.02)
Weighted number of
common shares outstanding		80,908,938		58,410,768

See accompanying notes to the consolidated financial statements

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Fandifi Technology Corp. (Formerly Fandom Sports Media Corp.) Consolidated Statements of Changes in Equity (Deficit) (Expressed in Canadian dollars) (unaudited)

		SHARE CAPITAL
					Share-based
		Number of				payment
	Notes	shares		Amount		reserve		Deficit		Total
Balance at January 31, 2021		49,834,283	$	14,348,117	$	4,140,933	$	(17,801,328)	$	687,722
Shares issued for private placements	8	21,115,365		4,502,779		284,342		-		5,036,078
Shares issued for exercise of warrants and
options	8	4,841,666		446,917		-		-		446,917
Shares issued for debt settlement	8	5,388,387		1,617,152		-		-		1,617,152
Shares issued for finders	8	925,432		-		-		-		-
Stock based compensation	8	-		-		778,298		-		778,298
Net and comprehensive loss		-		-		-		(3,721,466)		(3,721,466)
Balance at January 31, 2022		82,105,133	$	21,163,922	$	5,203,573	$	(21,578,000)	$	4,789,495
Shares issued for private placements	8
Shares issued for exercise of warrants and
options	8
Shares issued for debt settlement	8
Shares issued for finders	8
Stock based compensation	8
Net and comprehensive loss								(796,106)		(796,106)
Balance at April 30, 2022		82,105,133	$	21,163,922	$	5,203,573	$	(22,374,106)	$	3,993,389

See accompanying notes to the consolidated financial statements

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