Silver Dollar Resources Inc.
Condensed Consolidated Interim Financial Statements
Expressed in Canadian Dollars
(Unaudited - Prepared by Management)
February 28, 2022
Notice of No Auditor Review
The accompanying unaudited condensed consolidated interim financial statements were prepared by management and approved by the Audit Committee and the Board of Directors.
The Company's independent auditors have not performed a review of these condensed consolidated interim financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditors.
2
Silver Dollar Resources Inc.
Condensed Consolidated Interim Statements of Financial Position
Expressed in Canadian Dollars
(Unaudited - Prepared by Management)
February 28 2022
August 31 2021
ASSETS
Current
Cash
Accounts receivable Prepaid expenses
$
9,066,671
$
10,267,287
111,864 4,196
266,641 490,897
9,445,176
10,762,380
Equipment
Exploration and evaluation assets (note 5)
7,941 7,535,357
6,025 6,631,909
$ 16,988,474
$ 17,400,314
LIABILITIES
Current
Accounts payable and accrued liabilities
$ 188,236
$
40,933
SHAREHOLDERS' EQUITY
Share capital (note 6)
19,163,598 19,156,098
Share-based payment reserve (note 6)
2,709,352 3,178,055
Accumulated other comprehensive income (loss)
(1,342)
-
Deficit
(5,071,370)16,800,238
(4,974,772) 17,359,381
$
16,988,474
$
17,400,314
The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements
3
Silver Dollar Resources Inc.
Condensed Consolidated Interim Statements of Comprehensive Loss
Expressed in Canadian Dollars
(Unaudited - Prepared by Management)
Six month periods ended February 28, 2022 and 2021
For the Three Months | For the Six Months | |
Ended February 28 | Ended February 28 | |
2022 2021 | 2022 | 2021 |
Expenses
Consulting Depreciation
Foreign exchange loss (gain) Insurance
Interest and bank charges Listing and filing fees
Management and administration fees (note 7) Office
Professional fees
Share-based compensation (notes 6 and 7) Site investigation fees
Transfer agent Travel and promotion
$
104,590
$
147,337
394
441
306 -
4,809
4,562
530
846
37,440
11,042
23,000
21,000
7,561
3,310
16,786
41,988
- 2,976,821
$
181,126 882 (1,805)
$
258,676 612 -
9,695 9,174
1,132 2,017
45,529 21,384
44,000 40,000
8,679 6,739
31,640 61,567
- 6,729 136,713
- 9,128 187,006
- 3,301
2,976,821 -
8,645 15,033
281,975 329,089
Operating loss
Other income Interest income
(338,993)
(3,403,346)
(614,799)
(3,721,112)
21,142
26,385
49,498
47,275
Loss for the period
Other comprehensive income (loss)
Exchange difference on translating foreign operations
(317,851)
(3,376,961)
(565,301) (3,673,837)
964
-
(1,342)
-
Total comprehensive loss
$ $
(316,887) $
(3,376,961) $
(566,643) $
(3,673,837)
Loss per share - basic and diluted
Weighted average number of shares outstanding
(0.01) $ 41,868,348
(0.09) $ 39,290,984
(0.01) $ 41,857,734
(0.11) 34,673,837
The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements
4
Silver Dollar Resources Inc.
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity
Expressed in Canadian Dollars
(Unaudited - Prepared by Management)
Six month periods ended February 28, 2022 and 2021
Accumulated OtherIssued Share Capital Number AmountShare-based Payment Reserve
Comprehensive Income (Loss)
Deficit
Total
Balances, August 31, 2020
Shares and warrants issued for cash
Shares issued upon exercise of options and warrants Share issuance costs
Share-based compensation Loss for the period
26,982,620 $
6,831,692 $
307,073
$
- $
(853,528)
$ 6,285,237
7,900,000 4,307,004 101,360 - -
11,060,000 689,735 (47,261)
- - - 11,060,000
(55,368)
- - - -- - -
634,367
- -
- 2,976,821 -
(3,673,837)
(47,261) 2,976,821 (3,673,837)
Balances, February 28, 2021
Shares and warrants issued for cash
Shares issued upon exercise of options and warrants Share-based compensation
Loss for the period
39,290,984
- 2,556,253 - -
18,534,166
- 621,932 - -
3,228,526
- (369,225) 318,754 -
-
- - - -
(4,527,365)
-
17,235,327 -
357,214 609,921
- 318,754
(804,621)
(804,621)
Balances, August 31, 2021
Shares issued upon exercise of options Transfer upon option expiration
Loss for the period
Exchange difference on translating foreign operations
41,847,237
19,156,098
3,178,055
-
(4,974,772)
17,359,381
50,000
7,500
(1,750) (466,953)
- - - (1,342)
1,750 466,953
7,500
-
-
-
-
-
- -(565,301) (565,301)
-
-
- (1,342)
Balances, February 28, 2022
41,897,237
$
19,163,598
$
2,709,352
$
(1,342)
$
(5,071,370)
$ 16,800,238
The accompanying Notes to the Condensed Consolidated Interim Financial Statements are an integral part of these financial statements
5
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Silver Dollar Resources Inc. published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 23:24:09 UTC.