Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENTED INFORMATION (Tables)

v3.25.1
SEGMENTED INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SCHEDULE OF FINANCIAL INFORMATION INCLUDING SIGNIFICANT SEGMENT EXPENSES

The following discloses key financial information including the significant segment expenses, in the context of deriving net income, that are regularly provided to and reviewed by the CODM reconciled to the segment’s net income:

 

    Unthink Food     Radical Clean Solutions     Bitcoin Mining     Corporate    

Total

  
Year Ended December 31, 2024                                        
Revenue   $        -     $ 41,315     $ 26,572     $           -     $ 67,887  
Significant segment expenses                                        
Costs of services     -       -       54,923       -       54,923  
Cost of inventory sold     -       34,192       -       -       34,192  
Gross profit (loss)             7,123     (28,351

)

    

     

(21,228

 )
Selling, general and administrative     885,956       296,488       -       4,173,747       5,356,191  
Acquisition-related integration costs     -       -       20,610       -       20,610  
Depreciation     631,399       -       16,809       18,853       667,061  
Accretion interest expense     -       -       -       2,978,722       2,978,722  
Impairment expense     4,137,271       -       -       -       4,137,271  
Foreign exchange loss / gain     (385 )            

   

(203,835

)

    

(204,220

)
Change in fair value of derivatives                    

     

(1,392,530

 )    

(1,392,530

 )
Loss (gain) on conversion of convertible debt                            

1,627,858

      

1,627,858

  
Loss on debt extinguishment                            

2,805,306

      

2,805,306

  
Other segment items     38,938       512       -       217,868       257,318  
Total operating expenses and other expenses (income)    

5,693,179

      

297,000

      

37,419

      

10,225,989

      

16,253,587

  
Net Loss   $ (5,693,179 )   $ (289,877 )   $ (65,770 )   $

(10,225,989

 )   $ (16,274,815 )

 

 

    Unthink Food     Radical Clean Solutions     Bitcoin Mining     Corporate     Total  
Year Ended December 31, 2023                                        
Revenue   $       -     $ 16,281     $        -     $          -     $ 16,281  
Significant segment expenses                                        
Costs of services     -       -       -       -       -  
Cost of inventory sold     -       13,577       -       -      

13,577

  
Gross margin            

2,704

                   

2,704
Selling, general and administrative     682,868       15,761       -       7,813,833       8,512,462  
Acquisition-related integration costs     -       -       -       -       -  
Depreciation     670,411       -       -       9,433       679,844  
Interest expense     -       -       -       7,963,299       7,963,299  
Impairment expense     -       -       -       1,963,304       1,963,304  
Foreign exchange loss / gain                            

75,009

      

75,009

  
Change in fair value of derivatives                            

(9,360,886

 )    

(9,360,886

 )
Loss (gain) on conversion of convertible debt                            

1,190,730

      

1,190,730

  
Loss on debt extinguishment                            

680,935

      

680,935

  
Other segment items     (4,440 )     1,248       -       34,409       31,217
Total operating expenses and other expenses (income)    

1,348,840

      

17,009

       -      

10,370,066

      

11,735,914

  
Net Income   $ (1,348,839 )   $ (14,305 )   $ -     $

(10,370,066

 )   $ (11,733,210 )

SCHEDULE OF ADDITIONS BY SEGMENT USED BY THE CODM TO ASSESS SEGMENT PERFORMANCE

The following table summarizes the additions to property and equipment, total property and equipment, and total assets by segment, used by the CODM to assess segment performance.

 

    Unthink Food     Radical Clean Solutions     Bitcoin Mining     Corporate     Total  
Year Ended December 31, 2024                                        
Property and equipment, additions   $ -     $ -     $ 839,937     $ -     $ 839,937  
Intangible assets, additions     -       510,333       625,736       -       1,136,069  
Property and equipment, net    

-

      

-

      

807,471

      

1,424

      

808,895

  
Intangible assets, net    

7,209,120

      

472,834

      

625,736

      

-

      

8,307,690

  
Total assets   $ 7,209,120     $ 767,775     $ 1,459,489     $ 1,327,599     $ 10,763,983  
Year Ended December 31, 2023                                        
Property and equipment, additions   $ -     $ -     $ -     $ -     $ -  
Intangible assets, additions     -       -       -       -      

-

  
Property and equipment, net    

-

      

-

      

-

      

11,801

      

11,801

  
Intangible assets, net    

12,733,885

      

-

      

-

      

-

      

12,733,885

  
Total assets   $ 12,772,742     $ 223,801     $ -     $ 4,371,384     $ 17,367,927  
SCHEDULE OF REVENUE, ASSETS AND PROPERTY, PLANT AND EQUIPMENT BY GEOGRAPHIC AREA

The following tables summarize revenue, assets, and property, plant, and equipment by geographic area based on the location of the underlying action activity or rendering of services and location of the underlying assets:

 

 

Year Ended December 31,   2024     2023  
             
Revenue                                   
Canada   $ 67,887      $ 16,281   
United States     -        -   

Total Revenue

   $

67,887

     $

16,281

  
                 
Assets                
Cash and cash equivalents for all segments                
Canada   $ 423,907     $ 3,869,333  
United States     65,961       9,245  
Total cash and cash equivalents   $

489,868

     $

3,878,578

  
                 
Property Plant and Equipment                
Canada   $ 808,895      $ 10,707   
United States     -        1,094   
Total property plant and equipment   $

808,895

     $

11,801