$FECOF
FEC Resources Inc.
CIK:0000849997|SEC Filings
STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| General and administrative expenses | |||
| General and administration (Notes 9 and 10) | $ 241,376 | $ 182,241 | $ 159,202 |
| Operating loss | (241,376) | (182,241) | (159,202) |
| Interest expense (Note 9) | (41,422) | (62,196) | (32,593) |
| Net loss for the year | (282,798) | (244,437) | (191,795) |
| Other comprehensive income (loss) | |||
| Changes in fair value of investment (Note 7) | (2,325,671) | 6,106,163 | 0 |
| Comprehensive income (loss) for the year | $ (2,608,469) | $ 5,861,726 | $ (195,795) |
| Loss per common share | |||
| - Basic and diluted | $ (0.00) | $ (0.00) | $ (0.00) |
| Weighted average number of shares outstanding, basic and diluted | 916,231,001 | 861,082,371 | 861,082,371 |
Statements of Financial Position - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Current assets | ||
| Cash (Note 6) | $ 14,864 | $ 5,756 |
| Prepaid expenses | 8,912 | 8,489 |
| Total Current assets | 23,776 | 14,245 |
| Non-current assets | ||
| Investment in Forum Energy Limited (Note 7) | 6,242,423 | 8,568,094 |
| Assets | 6,266,199 | 8,582,339 |
| Current liabilities | ||
| Trade and accrued payables | 34,322 | 41,607 |
| Short term loan (Note 9) | 40,248 | 895,637 |
| Total Current liabilities | 74,570 | 937,244 |
| Shareholders' Equity | ||
| Share capital (Note 8) | 18,775,628 | 17,620,625 |
| Contributed surplus (Note 8) | 3,058,063 | 3,058,063 |
| Accumulated other comprehensive income (Note 7) | 3,780,492 | 6,106,163 |
| Deficit | (19,422,554) | (19,139,756) |
| Total Stockholders equity | 6,191,629 | 7,645,095 |
| Total Liabilities and stockholder equity | $ 6,266,199 | $ 8,582,339 |