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    SWIS   CA3795811015

GLOBEX DATA LTD.

(SWIS)
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GlobeX Data : CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020

11/20/2021 | 07:34pm EST

GLOBEX DATA LTD.

CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2021 AND 2020 (Expressed in Canadian Dollars)

(Unaudited - Prepared by Management)

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

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

The accompanying unaudited interim 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 financial statements in accordance with standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor.

GLOBEX DATA LTD.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited)

(Expressed in Canadian Dollars) As at

September 30, 2021

December 31, 2020

ASSETS

Current

Cash

$

8,734,956

$

494,927

Receivables

92,202

19,472

Prepaid expenses

578,782

126,848

9,405,940

641,247

Non-current

Intangible asset (Note 3)

2,552,573

2,552,573

Total Assets

$

11,958,513

$

3,193,820

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

Accounts payable and accrued liabilities

$

558,077

$

45,784

Due to related parties (Note 5)

14,476

2,759

Licensee fees payable (Notes 1, 3 and 5)

44,652

38,248

617,205

86,791

Shareholders' equity

Share capital (Note 4)

18,033,868

6,161,300

Shares subscribed (Note 4)

-

22,780

Reserves (Note 4)

3,463,239

996,016

Deficit

(10,155,799)

(4,073,067)

11,341,308

3,107,029

Total Liabilities and Shareholders' Equity

$

11,958,513

$

3,193,820

Nature of operations and going concern (Note 1)

Approved on behalf of the Board of Directors:

"Alain Ghiai"

"Henry Sjöman"

Director

Director

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

GLOBEX DATA LTD.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF COMPREHENSIVE LOSS (Unaudited)

(Expressed in Canadian Dollars)

Three months

Three months

Nine months

Nine months

ended

ended

ended

ended

September 30,

September 30,

September 30,

September 30,

2021

2020

2021

2020

REVENUE (Note 9)

$

45,451

$

5,404

$

64,292

$

20,862

EXPENSES

Accounting and audit (Note 5)

12,075

9,819

40,450

32,754

Consulting fees

(8,539)

26,996

104,541

96,873

Legal

854

2,406

7,900

4,453

Licensee fees (Notes 1, 3 and 5)

4,535

540

6,397

2,086

Marketing

977,700

30,595

1,931,968

123,125

Office and administration

11,621

8,924

30,273

31,448

Rent and virtual office

6,284

10,883

16,999

35,331

Share-based payments (Notes 4 and 5)

2,123,595

-

2,787,088

100,073

Software maintenance (Note 5)

721,681

79,360

1,162,338

275,497

Transfer agent and filing fees

9,361

9,104

35,292

27,896

Travel

-

-

-

30,566

(3,859,167)

(178,627)

(6,123,246)

(760,102)

OTHER ITEMS

Interest income

3,909

246

4,296

4,375

Gain (loss) on foreign exchange

(9,299)

(2,487)

(28,074)

(7,101)

(5,390)

(2,241)

(23,778)

(2,726)

Net loss and comprehensive loss for the period

$

(3,819,106)

$

(175,464)

$

(6,082,732)

$

(741,966)

Basic and diluted loss per share

$

(0.04)

$

(0.00)

$

(0.08)

$

(0.01)

Weighted average number of common shares

91,898,839

56,265,790

80,684,066

54,546,447

outstanding

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

GLOBEX DATA LTD.

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY For the nine months ended September 30, 2021 and 2020

(Unaudited)

(Expressed in Canadian Dollars)

Shares

Shareholders'

Number of

Share Capital

Subscribed

Reserves

Deficit

Equity

Shares

$

$

$

$

$

Balance, December 31, 2019

52,420,282

5,583,237

157,000

534,213

(2,753,572)

3,520,878

Shares issued

2,076,249

285,905

(157,000)

-

-

128,905

Share issue costs

-

(3,064)

-

-

-

(3,064)

Share-based payments

-

-

-

100,073

-

100,073

Net loss for the period

-

-

-

-

(741,966)

(741,966)

Balance, September 30, 2020

54,496,531

5,866,078

-

634,286

(3,495,538)

3,004,826

Balance, December 31, 2020

57,000,713

6,161,300

22,780

996,016

(4,073,067)

3,107,029

Shares issued

40,161,797

10,904,323

(22,780)

-

-

10,881,543

Share issue costs

-

(660,297)

-

82,343

-

(577,954)

Exercise of stock options

2,720,000

596,827

-

(266,427)

-

330,400

Exercise of warrants

5,776,715

1,013,715

-

(135,781)

-

877,934

Shares issued for accounts payable

50,000

18,000

-

-

-

18,000

Share-based payments

-

-

-

2,787,088

-

2,787,088

Net loss for the period

-

-

-

-

(6,082,732)

(6,082,732)

Balance, September 30, 2021

105,709,225

18,033,868

-

3,463,239

(10,155,799)

11,341,308

The accompanying notes are an integral part of these condensed consolidated interim financial statements.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Globex Data Ltd. published this content on 20 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2021 00:33:05 UTC.


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Financials
Sales 2021 0,13 M 0,10 M 0,10 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 50,0 M 39,9 M 39,7 M
Capi. / Sales 2021 400x
Capi. / Sales 2022 26,1x
Nbr of Employees -
Free-Float -
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Income Statement Evolution
Consensus
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Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,44 CAD
Average target price 1,21 CAD
Spread / Average Target 175%
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Alain Mehdi Ghiai-Chamlou President, CEO, Secretary & Director
Scott C. Davis Chief Financial Officer
Henry Sjoman Independent Director
Amir Assar Independent Director
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