Hunter Technology : Quarterly Report

Unaudited Interim Condensed Consolidated Financial Statements of

HUNTER TECHNOLOGY CORP.

Three Months Ended March 31, 2022 and 2021

(Expressed in US Dollars)

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HUNTER TECHNOLOGY CORP.

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 consolidated condensed financial statements of the Company have been prepared by management and approved by the Board of Directors of the Company.

The Company's independent auditor has not performed a review of these unaudited interim condensed consolidated 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.

July 4, 2022

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			March 31,		December 31,
		Notes	2022		2021
	Assets		(Unaudited)
	Current assets
	Cash	$	70,903	$	545
	Receivables		2,864		2,161
	Prepaid expenses and deposits		6,183		5,566
			79,950		8,272
	Non-current assets
	Restricted cash	6	27,300		27,591
			27,300		27,591
	Total Assets	$	107,250	$	35,863
	Liabilities and Shareholders' Equity
	Current liabilities
	Accounts payable	$	290,610	$	372,468
	Accrued liabilities	7	219,388		220,782
	Loan payable		115,000		-
	Director advances		50,000		99,122
			674,998		692,372
	Total liabilities		674,998		692,372
	Shareholders' Equity
	Share capital	8	122,029,845		122,029,845
	Contributed Surplus		10,048,765		10,048,765
	Accumulated deficit		(132,643,181)		(132,730,547)
	Accumulated other comprehensive income		(3,177)		(4,572)
	Total shareholders' equity		(567,748)		(656,509)
	Total Liabilities and Shareholders' Equity	$	107,250	$	35,863
Liquidity and going concern (See Note 2)
	Approved by the Board of Directors:
	/s/ Kostantinos Ghertsos	/s/ Alain Fernandez
	Kostantinos Ghertsos	Alain Fernandez
	Director	Director

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HUNTER TECHNOLOGY CORP.

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (all amounts expressed in US dollars)

			Three Months Ended
			March 31,
	Note		2022		2021
Expenses
General and administrative		$	16,804	$	206,068
Management fees and consulting			10,000		66,500
Salaries and wages			-		184,253
Platform development			-		169,798
Amortization of intangibles	5		-		286,375
Foreign currency loss (gain)			(462)		-
Stock-based compensation			-		190,201
Total expenses			27,266		1,103,195
Other (gain)/loss	10		(114,632)		-
Income (Loss) before taxes			87,366		(1,103,195)
Deferred income tax recovery			-		(47,252)
Net income (Loss) for the period			87,366		(1,055,943)
Foreign currency translation adjustment			1,395		(1,954)
Comprehensive loss for the period		$	88,761	$	(1,053,988)
Total comprehensive loss per share - basic
and diluted		$	0.00	$	(0.20)
Weighted average number of common shares
outstanding - basic and diluted			4,533,465		4,533,465

See accompanying notes to the consolidated financial statements

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HUNTER TECHNOLOGY CORP.

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (all amounts expressed in US dollars)

				Accumulated
	Number of			other
	common	Common	Contributed	comprehensive
Notes	shares	shares	surplus	income	Deficit	Total
		$	$	$	$	$
Balances, December 31, 2020	45,334,655	122,029,845	9,584,080	-	(121,260,257)	10,353,668
Comprehensive loss for the period	-	-	190,201	-	-	190,201
Foreign currency translation	-	-	-	1,954	-	1,954
Net loss for period	-	-	-	-	(1,055,943)	(1,055,943)
Balances, March 31, 2021 (unaudited)	45,334,655	122,029,845	9,774,281	1,954	(122,316,200)	9,489,880
Stock-based compensation	-	-	274,483	-	-	274,483
Foreign Currency translation	-	-	-	(6,526)	-	(6,526)
Comprehensive loss for the period	-	-	-	-	(10,414,347)	(10,414,347)
Balances, December 31, 2021	45,334,655	122,029,845	10,048,764	(4,572)	(132,730,547)	(656,509)
Foreign currency translation	-	-	-	1,395	-	1,395
Net income for the period	-	-	-	-	87,366	87,366
Balances, March 31, 2022 (unaudited)	45,334,655	122,029,845	10,048,764	(3,177)	(132,643,181)	(567,748)

*The above number of shares has not been restated to reflect the impact of the share consolidations completed subsequent to March 31, 2022 (Note 17)

See accompanying notes to the consolidated financial statements

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