Northstar Clean Technologies Inc.

Good day and thank you for standing by. Welcome to the North Star Clean Technologies Quarter 3 Fiscal Year 2021 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during that session, you will need to press star 1 on your telephone. Please be advised that today's call is being recorded. If you require any further assistance during the call, please press star 0. I would now like to hand the conference over to your speaker today, Mr. Aidan Mills, Chief Executive Officer. Please go ahead, sir.

Thank you, Leah, and thank you all for joining the webcast and the call. My name is Aidan Mills. I'm the CEO of NorthStar Clean Technologies, and welcome to our Q3 results presentation. As we said in the first presentation we did last quarter, we're committed to do these results each quarter. and to provide three things. So firstly, to provide an update on the financials to our investors. Secondly, to provide an investor update on how the business is progressing. And thirdly, to answer any questions you might have. I'm pleased to be joined with Syed Amzadjik, our North Star CFO, and Carson Seaton, our Director of Capital Markets. And just for housekeeping, as Liam mentioned, so we'll do the verbal questions at the end, If you have any questions that come up through the presentation, please use the chat, and Carson will take us through the chat questions at the end. And then last piece of housekeeping, of course, you know, there will be forward-looking statements in the presentation. And as you can see from our IR deck, the disclaimers for that are on page two and page three of the IR deck. And with that, I would like to hand over to Siad to take us through the financials.

Thank you, Aiden. Good afternoon, everyone. We're looking at the financials for the nine months ended September 30, 2021. Looking at the first slide, and that is on page seven. We're looking at the balance sheet, and we wrapped up the quarter with $8.3 million. in the bank account, and in current assets, we're wrapped up with about 8.9 million in current assets. We had 2.9 in property, plant, and equipment, right of use assets of about 1.9, 5.4 million in non-current assets, and our total assets for the 9-9-7 of September 30th is 14.3 million. Moving down through the liabilities, we had a half a million in credit facility payable. With lease liabilities, we had a million dollars in current liabilities and long-term lease liabilities of 1.8 to wrap up with 2.8 million in total liabilities. Our shareholders' equity, we had 2.4, 24.7 million in capital reserves of 2.4, a deficit of 15.7 million with total equity of 11.5 million and total liabilities and shareholders equity wrapping up at $14.3 million. Moving over to the next page. And that is page eight of the presentation. That is the shareholders' equity. The only real changes from June until September is an additional $568,000 in share-based payments. And the addition of the loss going to the loss for the period for the nine months, we had $4,887,000, which added $1,904,000. to get to that 4,887,000. Going over to page nine, and that is the income statement. We had in research and development costs for the three months of 117,000. And I'm focusing on the three months because that's where we really started going through and spending a lot of the money after we went public. So that was 117,000 in research and development. Advertising and marketing and promotion, we spent 489,000. Consulting fees, 184,000. Appreciation, which is a non-cash item of 115,000. highlighting the bigger amounts, professional fees, $92,000. Share-based compensation, again, non-cash, $568,000. Wages and benefits of about $97,000. We spent in general administrative expenses, $1.8 million. And again, that included those non-cash items. And we ended up with a loss of $1,904,000. Moving on to page 10, that is the cash flow statement. So now we're looking at, you know, there are some expenses that are non-cash in the income statement. So at the top of the page, we started off with a loss of $1,904,000. after taking into effect non-cash items such as depreciation and share-based payments. Out of operations, we spent $1,342,000. We also spent in investing activities $192,000 in property, plant, and equipment. Down in cash flows from financing activities, we repaid $352,000 of our loans during the quarter and some lease liabilities of $153,000, which rounded out to $2,025,000 in use of cash for the quarter. We started the quarter with $10,277,000 and ended the quarter, as I stated on the balance sheet, of $8,000,000. $251,000. And that is the financial update. Aidan?