35 unchanged sentences
Esmeralda County, NV
−Removed: Company completed its maiden drill program in June 2022 and further information can be found at www.enertopia.com.
+Added: The Company completed its maiden drill program in June 2022 and further information can be found at www.enertopia.com.
CLEAN TECHNOLOGY
1 unchanged sentence
NON PROVISIONAL PATENTS
+Added: On January 12, 2023 the Company announced the filing of Non provisional patent #4, known as the EMS filed November 2, 2022.
+Added: The EMSis a battery monitoring technology that helps to increase the life and health of monitored battery packs.
On May 23, 2022 the Company announced the filing of Non provisional patent #1, known as the Enertopia Solar Booster TM .
2 unchanged sentences
On August 15, 2022 the Company announced the filing of Non provisional patent #3, known as Enertopia Rainmaker TM By cooling the backside of the PV panels below the dew point the atmospheric moisture condenses on the back side of the panel and drips as rain into the tray collecting the water.
−Removed: December 17, 2021 the Company filed an 8k on the technology acquisition that included the 100% interest in Provisional Patent filed on November 4, 2021 known as Energy Management System and on November 2, 2022 filed non provisional patent known as Energy Management System.
The continuation of our business is dependent upon obtaining further financing, a successful program of development, and, finally, achieving a profitable level of operations.
18 unchanged sentences
Research and Development
−Removed: We have incurred $821,366 in research and development expenditures over the last two fiscal years and $15,526 during the three months ended November 30, 2022.
+Added: We have incurred $821,366 in research and development expenditures over the last two fiscal years and $57,352 during the six months ended February 28, 2023.
There is strong competition relating to all aspects of the resource sector.
33 unchanged sentences
Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.
−Removed: Results of Operations - Three Months Ended November 30, 2022 and November 30, 2021
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2022, which are included herein.
+Added: Results of Operations - Three Months Ended February 28, 2023 and February 28, 2022
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 28, 2023, which are included herein.
+Added: Our operating results for the three months ended February 28, 2023 and February 28, 2022 and the changes between those periods for the respective items are summarized as follows:
Three Months Ended
+Added: Cost of sales
+Added: General and administrative
+Added: Investor relations
+Added: Consulting fees
+Added: Fees and dues
+Added: Exploration expenses
+Added: Research and development
+Added: Professional fees
+Added: Other expenses (income)
+Added: Net (income) loss
+Added: Our financial statements report no revenue for the three months ended February 28, 2023, and February 28, 2022.
+Added: Our financial statements report a net income of $295,064 for the three-month period ended February 28, 2023, compared to a net loss of $738,508 for the three-month period ended February 28, 2022.
+Added: Our net loss decreased by $1,033,572 for the three-month period ended February 28, 2023 primarily due to the decrease in R&D costs of $604,086 and the increase Other income of $499,274.
+Added: Other income consisted of non-cash unrealized gain of $695,470 and foreign exchange loss of $17,615 on marketable securities, unrealized foreign exchange loss of $1,145 and realized losses on disposition of $122,741 and realized foreign exchange loss of $11,403 on marketable securities.
+Added: Our operating costs were lower by $534,298 for February 28, 2023, compared to February 28, 2022.
+Added: The decrease was due to decreases in consulting and R&D costs compared to February 28, 2022.
+Added: Results of Operations - Six Months Ended February 28, 2023 and February 28, 2022
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 28, 2023, which are included herein.
+Added: Our operating results for the six months ended February 28, 2023 and February 28, 2022 and the changes between those periods for the respective items are summarized as follows:
+Added: Six Months Ended
Revenue (cost recovery)
8 unchanged sentences
Other expenses (income)
−Removed: Our operating results for the three months ended November 30, 2022 and November 30, 2021 and the changes between those periods for the respective items are summarized as follows:
−Removed: Our financial statements report no revenue for the three months ended November 30, 2022, and November 30, 2021.
−Removed: Our financial statements report a net loss of $446,834 for the three-month period ended November 30, 2022, compared to a net loss of $116,219 for the three-month period ended November 30, 2021.
−Removed: Our net loss increased by $330,615 for the three-month period ended November 30, 2022 primarily due to the non-cash unrealized loss on marketable securities of $148,162 and unrealized foreign exchange loss of $119,100.
−Removed: Our operating costs were higher by $61,404 for November 30, 2022, compared to November 30, 2021.
−Removed: The increase was due to an increase in general operations compared to November 30, 2021.
−Removed: As at November 30, 2022, we had $345,447 in current liabilities, which is lower by $12,408 when compared to current liabilities as at August 31, 2022.
−Removed: Our net cash used in operating activities for the three months ended November 30, 2022 was $166,497 compared to $125,246 used in the three months ended November 30, 2021.
+Added: Net loss (income)
+Added: Our financial statements report no revenue for the six months ended February 28, 2023, and February 28, 2022.
+Added: Our financial statements report a net loss of $151,770 for the six-month period ended February 28, 2023, compared to a net loss of $854,727 for the six-month period ended February 28, 2022.
+Added: Our net loss decreased by $702,957 for the six-month period ended February 28, 2023 primarily due to the decrease in R&D costs of $593,785 and the increase Other income of $230,063.
+Added: Other income consisted of non-cash unrealized gain of $547,308 and foreign exchange loss of $136,715 on marketable securities, unrealized foreign exchange loss of $2,357 and realized losses on disposition of $122,741 and realized foreign exchange loss of $11,403 on marketable securities.
+Added: Our operating costs were lower by $472,893 for February 28, 2023, compared to February 28, 2022.
+Added: The decrease was due to decreases in consulting and R&D costs and increases in other income compared to February 28, 2022.
+Added: As at February 28, 2023, we had $336,809 in current liabilities, which is lower by $21,046 when compared to current liabilities as at August 31, 2022.
+Added: Our net cash used in operating activities for the six months ended February 28, 2023 was $600,887 compared to $404,041 used in the six months ended February 28, 2022.
Liquidity and Financial Condition
6 unchanged sentences
Cash flows from financing activities
−Removed: Net increase (decrease) in cash during year
+Added: Net increase in cash during year
Operating Activities
−Removed: Net cash used in operating activities was $166,497 in the three months ended November 30, 2022 compared with net cash used in operating activities of $125,246 in the same period in 2021.
+Added: Net cash used in operating activities was $600,887 in the six-months ended February 28, 2023 compared with net cash used in operating activities of $404,041 in the same period in 2022.
Investing Activities
−Removed: Net cash provided by investing activities was $0 in the three months ended November 30, 2022 and 2021.
+Added: Net cash provided by investing activities was $288,928 and $49,564 in the six-months ended February 28, 2023 and 2022, respectively.
Financing Activities
−Removed: There were no financing activities in the three months ended November 30, 2022 compared to cash provided by financing activities of $131,390 in the same period in 2021.
+Added: Cash provided by financing activities in the six months ended February 28, 2023 were $2,000 compared to cash provided by financing activities of $131,390 in the same period in 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.