The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Changes in fair value of warrant liability | 28,514 |
| Interest expense | 2,327,712 |
| Settlement on note payable | 1,178,000 |
| Consulting fees | 516,000 |
| Stock-based compensation | 1,565,212 |
| Prepaid expenses | 23,001 |
| Accounts payable | -19,079 |
| Accrued expenses | -879,938 |
| Related party payable | -31,000 |
| Net loss | -10,551,674 |
| Commitment fee | 0 |
| Impairment on intangible assets | 0 |
| Tax payable | 0 |
| Other liabilities | 0 |
| Net cash used in operating activities | -5,889,254 |
| Proceeds from convertible promissory note, net of issuance cost | 2,150,000 |
| Proceeds from sales of stocks and warrants, net | 11,394,218 |
| Proceeds from stock subscriptions | 500,000 |
| Proceeds from sale of preferred b shares | 500,000 |
| Payments on notes payable | 2,730,182 |
| Payments for deferred financing costs | 25,000 |
| Proceeds from fpa settlement | 140,572 |
| Payments on financed director and officer insurance | 40,225 |
| Proceeds from at-the-market sales of common shares | 1,112,745 |
| Proceeds from related party loans | 0 |
| Proceeds from shareholders | 0 |
| Payments to shareholders | 0 |
| Merger proceeds net of transaction cost | 0 |
| Net cash provided by financing activities | 13,002,128 |
| Acquisition of drug license | 0 |
| Net cash used in investing activities | 0 |
| Net change in cash | 7,112,874 |
| Cash - beginning of period | 63,741 |
| Cash - end of period | 7,176,615 |
Greenland Mines Ltd (GRMLW)
Greenland Mines Ltd (GRMLW)