44 unchanged sentences
The Enertopia Solar Booster captures heat from the solar panels, increasing PV output enhancing production and increasing the lifetime of the PV panels.
+Added: During the six months ended February 29, 2024, we received comments from the USPTO (United States Patent and Trademark Office) that the USPTO has declined our application.
+Added: We will not be pursuing this application any further.
+Added: As a result, the 1,000,000 shares in escrow that were issued upon the condition of the granting of the patent will be returned to Treasury for cancellation.
+Added: As of February 29, 2024 the shares were still in escrow.
On May 23, 2022 the Company announced the filing of Non provisional patent #2, known as Enertopia Heat Extractor TM Heat Extractor Technology can be used behind the PV panels or in a glazed format on their own to create liquid temperatures to 200 degrees F.
20 unchanged sentences
Research and Development
−Removed: We have incurred $965,361 in research and development expenditures over the last two fiscal years and $88,300 during the three months ended November 30, 2023.
−Removed: There is strong competition relating to all aspects of the resource sector.
+Added: We have incurred $965,361 in research and development expenditures over the last two fiscal years and $108,795 during the six months ended February 29, 2024.
+Added: There is strong competition relating to all aspects of the resource and technology sectors.
We actively compete for capital, skilled personnel, market share, and in all other aspects of our operations with a substantial number of other organizations.
13 unchanged sentences
Mineral Properties
−Removed: Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction
−Removed: expenditures are expensed as incurred until such time proven or probable reserves are established for that project.
+Added: Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves are established for that project.
Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties.
16 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, 2023 and November 30, 2022
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2023, which are included herein.
−Removed: Our operating results for the three months ended November 30, 2023 and November 30, 2022 and the changes between those periods for the respective items are summarized as follows:
+Added: Results of Operations - Six Months Ended February 29, 2024 and February 28, 2023
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 29, 2024, which are included herein.
+Added: Our operating results for the three months ended February 29, 2024 and February 28, 2023 and the changes between those periods for the respective items are summarized as follows:
Three Months Ended
−Removed: November 30, November 30,
+Added: February 29, February 28,
2024 2023 Change
7 unchanged sentences
Professional fees 27,264 92,645 65,381
−Removed: Other expenses 158,377 268,474 110,097
+Added: Other expenses (income) 17,080 (542,566 ) (559,646 )
+Added: Net loss (income) $ 147,368 $ (295,064 ) $ (442,432 )
+Added: Our financial statements report no revenue for the three months ended February 29, 2024, and February 28, 2023.
+Added: Our financial statements report a net loss of $147,368 for the three-month period ended February 28, 2023, compared to a net income of $295,064 for the three-month period ended February 28, 2023.
+Added: Our net loss increased by $442,432 for the three-month period ended February 29, 2024 primarily due to the decrease in other expenses of $559,646.
+Added: Other expense (income) primarily consisted of non-cash unrealized gain of $397,441 on mark to market and realized losses on disposition of $398,529 on marketable securities.
+Added: Our operating costs were lower by $117,214 for February 29, 2024, compared to February 28, 2023.
+Added: The decrease was due to general cost containment compared to February 28, 2023.
+Added: Our operating results for the six months ended February 29, 2024 and February 28, 2023 and the changes between those periods for the respective items are summarized as follows:
+Added: Six Months Ended
+Added: February 29, February 28,
+Added: 2024 2023 Change
+Added: Revenue $ - $ - $ -
+Added: General and administrative 35,036 54,761 19,725
+Added: Investor relations 17,869 39,642 21,773
+Added: Consulting fees 90,058 101,744 11,686
+Added: Fees and dues 11,150 40,434 29,284
+Added: Exploration expenses 50,364 8,035 (42,329 )
+Added: Research and development 108,795 57,352 (51,443 )
+Added: Professional fees 68,387 123,894 55,507
+Added: Other expenses (income) 175,457 (274,092 ) (449,549 )
Net loss $ 557,116 $ 151,770 $ (405,346 )
−Removed: Our financial statements report no revenue for the three months ended November 30, 2023, and November 30, 2022.
−Removed: Our financial statements report a net loss of $409,748 for the three-month period ended November 30, 2023, compared to a net loss of $446,834 for the three-month period ended November 30, 2022.
−Removed: Our net loss decreased by $37,086 for the three-month period ended November 30, 2023 primarily due to increases in R&D and exploration expenses offset by general cost containment measures and further offset by decreases in other expenses from changes in marketable securities.
−Removed: Other income consisted of non-cash unrealized gains of $183,690 and foreign exchange gain of $7,763 on marketable securities, unrealized foreign exchange loss of $1,406 and realized losses on disposition of $327,784 and realized foreign exchange loss of $20,640 on marketable securities.
−Removed: Our operating costs were higher by $73,011 for November 30, 2023, compared to November 30, 2022.
−Removed: The increase was primarily due to R&D costs for the period of $88,300.
+Added: Our financial statements report no revenue for the six months ended February 29, 2024, and February 28, 2023.
+Added: Our financial statements report a net loss of $557,116 for the six month period ended February 29, 2024, compared to a net loss of $151,770 for the six month period ended February 28, 2023.
+Added: Our net loss increased by $405,346 for the six month period ended February 29, 2024 primarily due to increases in R&D and exploration expenses offset by general cost containment measures and further offset by decreases in other expenses from changes in marketable securities.
+Added: Other income primarily consisted of non-cash unrealized mark to market gains of $581,131 and realized losses on disposition of $726,313 on marketable securities.
+Added: Our operating costs were lower by $44,203 for February 29, 2024, compared to February 28, 2023.
+Added: The decrease was primarily due to general cost containment and increases in R&D of $51,443 and exploration costs of $42,329 for the period.
Liquidity and Financial Condition
−Removed: Working Capital November 30, August 31,
+Added: Working Capital February 29, August 31,
Current assets $ 741,385 $ 1,347,708
1 unchanged sentence
Working capital $ 457,992 $ 1,015,108
−Removed: As at November 30, 2023, we had $317,838 in current liabilities, which is lower by $14,762 when compared to current liabilities as at August 31, 2023.
−Removed: November 30, November 30,
+Added: As at February 29, 2024, we had $283,393 in current liabilities, which is lower by $49,207 when compared to current liabilities as at August 31, 2023.
+Added: February 29, February 28,
Cash Flows 2024 2023
1 unchanged sentence
Cash flows from investing activities 381,334 288,928
−Removed: Net decrease in cash during year $ (11,395 ) $ (166,497 )
+Added: Cash flows from financing activities - 2,000
+Added: Net (decrease) increase in cash during year $ 8,110 $ (309,959 )
Operating Activities
−Removed: Net cash used in operating activities was $229,950 in the three-months ended November 30, 2023 compared with net cash used in operating activities of $166,497 in the same period in 2022.
+Added: Net cash used in operating activities was $373,224 in the six months ended February 29, 2024 compared with net cash used in operating activities of $600,887 in the same period in 2023.
Investing Activities
−Removed: Net cash provided by investing activities was $218,555 and $0 in the three-months ended November 30, 2023 and 2022, respectively.
+Added: Net cash provided by investing activities was $381,334 and $288,928 in the six months ended February 29, 2024 and February 28, 2023, respectively.
Financing Activities
−Removed: The Company had no financing activities in the three months ended November 30, 2023 and 2022.
+Added: The Company had no financing activities in the six months ended February 29, 2024 and $2,000 from the exercise of warrants during the six months ended February 28, 2023.
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.