Mountain Valley MD : Q1 Financial Statements

Unaudited Interim Condensed Consolidated Financial Statements of

MOUNTAIN VALLEY MD HOLDINGS INC.

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

MOUNTAIN VALLEY MD HOLDINGS INC.

Interim Condensed Consolidated Statements of Financial Position (Unaudited, in thousands of Canadian Dollars)

Approved on behalf of the Board:

/s/ "Dennis Hancock"

/s/ "Kevin Puloski"

MOUNTAIN VALLEY MD HOLDINGS INC.

Interim Condensed Consolidated Statements of Loss

(Unaudited, in thousands of Canadian Dollars, except for per share amounts)

EXPENSES

General and administrative Research and development Stock based compensation Amortization of intangible assets

Depreciation of capital assets and right-of use assets

NET LOSS BEFORE OTHER ITEMS

OTHER ITEMS

Loss from equity accounted associates

Fair value loss on equity investments

Investment income and other

Interest earned on note receivable

		For the three month period ended,
		June 30,		June 30,
Note		2022		2021
7	$	605	$	985
		245		903
7		174		64
4		87		86
		24		26
		1,135		2,064
		-		22
5		741		43
		(23)		-
		(1)		(1)

		717		64
NET LOSS FOR THE PERIOD		1,852		2,128
BASIC AND DILUTED LOSS PER SHARE	$	(0.01)	$	(0.01)
Weighted average number of shares outstanding		329,647,895		328,670,283

MOUNTAIN VALLEY MD HOLDINGS INC.

Interim Condensed Consolidated Statements of Changes in Equity (Unaudited, in thousands of Canadian Dollars, except for per share amounts)

MOUNTAIN VALLEY MD HOLDINGS INC.

Interim Condensed Consolidated Statements of Cash flows (Unaudited, in thousands of Canadian Dollars)