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    ISO   CA46500E1079

ISOENERGY LTD.

(ISO)
  Report
Delayed Bourse de Toronto  -  03:59 2022-11-25 pm EST
3.320 CAD   -0.60%
11/21IsoEnergy Increases Financing to $18.3 Million
AQ
11/18IsoEnergy Falls Over 3% as Increases Financing to $18.3 Million
MT
11/18IsoEnergy Increases Financing to $18.3 Million
MT
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IsoEnergy : 2nd Quarter Financial Statements 2022

08/03/2022 | 07:17pm EST

Unaudited Condensed Interim Financial Statements of

ISOENERGY LTD.

For the three and six months ended June 30, 2022 and 2021

1

ISOENERGY LTD.

CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited)

(Expressed in Canadian Dollars)

As at

Note

June 30, 2022

December 31, 2021

ASSETS

Current

$

7,196,940

Cash

$

13,617,066

Accounts receivable

88,076

129,079

Prepaid expenses

216,892

107,253

Marketable securities

6

6,032,419

9,314,985

Non-Current

13,534,327

23,168,383

57,739

Property and equipment

66,549

Exploration and evaluation assets

7

66,729,686

60,955,590

TOTAL ASSETS

$

80,321,752

$

84,190,522

LIABILITIES

Current

$

469,535

Accounts payable and accrued liabilities

$

640,971

Non-Current

22,111,359

Convertible debentures

8

25,101,132

Deferred income tax liability

9

1,577,180

2,534,750

TOTAL LIABILITIES

24,158,074

28,276,853

EQUITY

80,003,335

Share capital

10

78,901,944

Share option and warrant reserve

10

9,597,362

6,469,143

Accumulated deficit

(35,612,121)

(34,346,954)

Other comprehensive income

2,175,102

4,889,536

TOTAL EQUITY

56,163,678

55,913,669

TOTAL LIABILITIES AND EQUITY

$

80,321,752

$

84,190,522

Nature of operations (Note 2)

Commitments (Note 8)

Subsequent event (Note 15)

The accompanying notes are an integral part of the condensed interim financial statements

These financial statements were authorized for issue by the Board of Directors on August 3, 2022

"Tim Gabruch"

"Trevor Thiele"

Tim Gabruch, CEO, Director

Trevor Thiele, Director

2

ISOENERGY LTD.

CONDENSED INTERIM STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (Unaudited)

(Expressed in Canadian Dollars)

For the three and six months ended June 30

For the three months ended

For the six months ended

June 30

June 30

Note

2022

2021

2022

2021

General and administrative costs

10,

Share-based compensation

$

1,116,062

$

760,109

$

2,736,450

$

1,015,445

11

289,508

744,522

Administrative salaries, contract and director fees

11

295,389

1,460,402

Investor relations

113,961

57,688

218,587

153,808

Office and administrative

103,912

21,433

131,988

60,879

Professional and consultant fees

281,675

42,733

357,726

79,350

Travel

41,737

-

50,418

-

Public company costs

51,113

26,745

126,956

79,963

Depreciation expense

-

14,699

-

29,398

Total general and administrative costs

(1,997,968)

(1,218,796)

(4,366,647)

(2,879,245)

Interest income

16,124

19,144

26,155

39,255

Interest expense

(386)

(2,615)

(386)

(5,230)

Interest on convertible debentures

8

(162,797)

(156,749)

(324,238)

(318,215)

Fair value gain/(loss) on convertible debentures

8

10,043,078

(2,109,169)

2,864,787

(4,707,283)

Gain on sale of assets

5

-

2,236,489

-

2,236,489

Foreign exchange gain/(loss)

47,850

(34,969)

20,738

(60,330)

Other income

-

9,087

-

18,174

Income/(loss) from operations

7,945,901

(1,257,578)

(1,779,591)

(5,676,385)

Deferred income tax recovery/(expense)

9

264,613

(513,967)

514,424

(194,902)

Income/(loss)

$

8,210,514

$

(1,771,545)

$

(1,265,167)

$

(5,871,287)

Other comprehensive income/(loss)

Change in fair value of convertible debentures

8

109,315

48,086

124,986

(62,672)

attributable to the change in credit risk

Change in fair value of marketable securities

6

(2,359,165)

933,534

(3,282,566)

933,534

Deferred tax recovery/(expense)

9

318,487

(126,027)

443,146

(126,027)

Total comprehensive income/(loss) for the

$

6,279,151

$

(915,952)

$

(3,979,601)

$

(5,126,452)

period

Income/(loss) per common share

- basic

$

0.08

$

(0.02)

$

(0.01)

$

(0.06)

- diluted

$

(0.01)

$

(0.02)

$

(0.03)

$

(0.06)

Weighted average number of common shares

outstanding

- basic

106,801,044

98,178,807

106,580,177

96,571,474

- diluted

118,578,919

98,178,807

118,039,549

96,571,474

The accompanying notes are an integral part of the condensed interim financial statements

3

ISOENERGY LTD.

CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY (Unaudited)

(Expressed in Canadian Dollars)

Number of

Share option

Accumulated

Accumulated

other

Total

Note

common

Share capital

and warrant

deficit

comprehensive

shares

reserve

loss

Balance as at January

94,472,998

$

67,491,167

$

4,235,150

$(18,566,260)

$

(72,466)

$ 53,087,591

1, 2021

Shares issued on the

10

2,509,618

1,650,782

(8,592)

-

-

1,642,190

exercise of warrants

Shares issued on the

10

1,781,666

1,923,469

(768,411)

-

-

1,155,058

exercise of stock options

Shares issued to settle

31,120

91,194

-

-

-

91,194

interest

Share-based payments

10

-

-

1,538,404

-

-

1,538,404

Loss for the period

-

-

-

(5,871,287)

-

(5,871,287)

Other comprehensive

6,8

(loss) / income for the

-

-

-

-

744,835

744,835

period

Balance as at June 30,

98,795,402

$

71,156,612

$

4,996,551

$(24,437,547)

$

672,369

$ 52,387,985

2021

Balance as at January

105,908,770

$

78,901,944

$

6,469,143

$(34,346,954)

$

4,889,536

$ 55,913,669

1, 2022

Shares issued on the

10

897,500

1,005,344

(396,884)

-

-

608,460

exercise of stock options

Shares issued to settle

10

29,644

96,047

-

-

-

96,047

interest

Share-based payments

10

-

-

3,525,103

-

-

3,525,103

Loss for the period

-

-

-

(1,265,167)

-

(1,265,167)

Other comprehensive

6,8

-

-

-

-

(2,714,434)

(2,714,434)

loss for the period

Balance as at June 30,

106,835,914

$

80,003,335

$

9,597,362

$(35,612,121)

$

2,175,102

$ 56,163,678

2022

The accompanying notes are an integral part of the condensed interim financial statements

4

ISOENERGY LTD.

CONDENSED INTERIM STATEMENTS OF CASH FLOWS (Unaudited)

(Expressed in Canadian Dollars) For the six months ended June 30

2022

2021

Cash flows used in operating activities

Loss for the period

$

(1,265,167)

$

(5,871,287)

Items not involving cash:

Share-based compensation

2,736,450

1,015,445

Deferred income tax (recovery) expense

(514,424)

194,902

Depreciation expense

-

29,398

Interest on lease liability

-

5,230

Interest on convertible debentures

324,238

318,215

Fair value (gain)/loss on convertible debentures

(2,864,787)

4,707,283

Gain on sale of asset

-

(2,236,489)

Foreign exchange (gain)/loss

(15,852)

53,733

Changes in non-cash working capital

Accounts receivable

41,003

30,487

Prepaid expenses

(109,639)

89,250

Accounts payable and accrued liabilities

32,833

(107,297)

$

(1,635,345)

$

(1,771,130)

Cash flows used in investing activities

Additions to exploration and evaluation assets

$

(5,180,902)

$

(727,182)

Acquisition of exploration and evaluation assets

-

(27,139)

Additions to equipment

-

(41,776)

Proceeds on sale of assets

-

96,100

$

(5,180,902)

$

(699,997)

Cash flows from financing activities

Shares issued for warrant exercise

-

1,642,190

Shares issued for option exercise

608,460

1,155,058

Interest on debentures

(232,551)

(227,021)

Lease liability payments:

Principal

-

(28,024)

Interest

-

(5,230)

$

375,909

$

2,536,973

Effects of exchange rate changes on cash

20,212

(55,795)

Change in cash

$

(6,420,126)

$

10,051

Cash, beginning of period

13,617,066

14,034,565

Cash, end of period

$

7,196,940

$

14,044,616

Supplemental disclosure with respect to cash flows (Note 14)

The accompanying notes are an integral part of the condensed interim financial statements

5

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

Disclaimer

Isoenergy Ltd. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 23:16:09 UTC.


ę Publicnow 2022
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Financials
Sales 2022 - - -
Net income 2022 -6,00 M -4,49 M -4,49 M
Net Debt 2022 - - -
P/E ratio 2022 -55,3x
Yield 2022 -
Capitalization 355 M 265 M 265 M
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees -
Free-Float 49,6%
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Technical analysis trends ISOENERGY LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 3,32 CAD
Average target price 6,50 CAD
Spread / Average Target 95,8%
EPS Revisions
Managers and Directors
Timothy Gabruch President, Chief Executive Officer & Director
Graham du Preez Chief Financial Officer
Leigh R. Curyer Chairman
Christopher W. McFadden Independent Director
Trevor J. Thiele Independent Director
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