other material
confidence high
sentiment negative
materiality 0.50
BriaPro sub of BriaCell reports $420K net loss, going concern uncertainty
BriaCell Therapeutics Corp.
- BriaPro incurred net loss of $420,287 for year ended July 31, 2024; accumulated deficit $440,209 since incorporation in May 2023.
- Total assets $199,797; current liabilities $455,650; shareholders' deficit $405,694; cash balance $1.
- Auditor's report includes material uncertainty paragraph about going concern; company is pre-clinical with no commercial operations.
- Intangible assets (patents) of $199,796 acquired from BriaCell via spinout arrangement on August 31, 2023.
- BriaCell beneficially owns 2/3 of BriaPro's outstanding common shares (31,963,452 of 47,945,178 shares).