$KDOZF

KIDOZ INC.

CIK:0001318482|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenue:	$ 18,433,172	$ 14,004,527	$ 13,326,824
Cost of sales:	9,514,686	6,426,973	8,392,767
Gross profit	8,918,486	7,577,554	4,934,057
Operating expenses:
Amortization and expiration of operating lease right-of-use assets (Note 13)		6,781	29,748
Depreciation and amortization (Notes 5 and 6)	182,948	244,179	558,740
Directors fees	8,679	8,510	7,505
General and administrative (Note 16)	693,923	689,407	673,654
Loss on disposal of equipment		1,927
Provision for doubtful debts (Note 2)	103,811	114,480	84,952
Salaries, wages, consultants and benefits	814,213	622,394	705,830
Selling and marketing	1,876,296	1,465,833	1,268,218
Stock awareness program			146,300
Stock-based compensation (Note 9)	253,775	379,247	515,116
Software technology development (Note 8)	4,559,227	3,445,018	2,999,079
Total operating expenses	8,492,872	6,977,776	6,989,142
Income (Loss) before other income (expense) and income taxes	425,614	599,778	(2,055,085)
Other income (expense):
Foreign exchange (loss) gain	(36,888)	(88,701)	1,139
Gain on derivative liability – warrants (Note 9(c))			51
Interest and other income	42,223	643	1,049
Gain on settlement of debt			14,812
Net income (loss) before income taxes	430,949	511,720	(2,038,034)
Provision for income taxes (Note 12)	25,868	(158,580)	25,978
Deferred taxation recovery (Note 12)
Net income (loss) and comprehensive income (loss)	$ 456,817	$ 353,140	$ (2,012,056)
Basic loss per common share	$ 0.00	$ 0.00	$ (0.02)
Diluted loss per common share	$ 0.00	$ 0.00	$ (0.02)
Weighted average common shares outstanding, basic (Note 2)	131,304,499	131,304,499	131,305,254
Weighted average common shares outstanding, diluted (Note 2)	131,304,499	131,304,499	131,305,254

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ 456,817	$ 353,140	$ (2,012,056)
Adjustments to reconcile net income (loss) to net cash used in Operating activities:
Depreciation and amortization	182,948	244,179	558,740
Amortization and expiration of operating lease right-of-use assets		6,781	29,748
Gain on derivative liability – warrants			(51)
Gain on settlement of debt			(14,812)
Provision for doubtful debts	103,811	114,480	84,952
Loss on disposal of equipment		1,927
Stock-based compensation	253,775	379,247	515,116
Unrealized foreign exchange (income) loss	(604)		(1,407)
Changes in operating assets and liabilities:
Accounts receivable	46,960	965,614	1,054,025
Prepaid expenses	(66,350)	37,491	(31,647)
Accounts payable and accrued liabilities	728,308	(797,629)	(1,006,248)
Net cash provided by (used in) operating activities	1,705,665	1,305,230	(823,640)
Cash flows from investing activities:
Acquisition of equipment	(24,943)	(9,840)	(8,714)
Long-term cash equivalent		16,294
Security deposits	(6,944)	7,214
Net cash provided by (used in) investing activities	(31,887)	13,668	(8,714)
Cash flows from financing activities:
Repayment of Government CEBA loan			(29,484)
Payments for repurchase of common shares			(517)
Payments on operating lease liabilities		(7,605)	(31,951)
Net cash (used in) provided by financing activities		(7,605)	(61,952)
Change in cash	1,673,778	1,311,293	(894,306)
Cash, beginning of year	2,780,517	1,469,224	2,363,530
Cash, end of year	4,454,295	2,780,517	1,469,224
Supplementary information:
Interest paid
Income taxes paid	$ 8,322	$ 32,829	$ 3,697

Consolidated Balance Sheets - USD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash	$ 4,454,295	$ 2,780,517
Accounts receivable, less allowance for doubtful accounts $356,167 (2024 - $220,733) (Note 3)	5,030,440	5,181,211
Prepaid expenses (Note 4)	131,754	65,404
Total Current Assets	9,616,489	8,027,132
Equipment (Note 5)	38,052	25,803
Goodwill (Note 7)	3,301,439	3,301,439
Intangible assets (Note 6)	198,630	368,884
Long term cash equivalent	8,157	7,553
Security deposit	10,366	3,422
Total Assets	13,173,133	11,734,233
Current liabilities:
Accounts payable	3,513,146	2,779,710
Accrued liabilities	940,866	961,653
Total Current Liabilities	4,535,852	3,807,544
Total Liabilities	4,535,852	3,807,544
Commitments (Note 11)
Stockholders’ Equity (Note 9):
Common stock, no par value, unlimited shares authorized, 131,304,499 shares issued and outstanding (December 31, 2024 - 131,304,499)	51,800,715	51,546,940
Accumulated deficit	(43,188,014)	(43,644,831)
Accumulated other comprehensive income: Foreign currency translation adjustment	24,580	24,580
Total Stockholders’ Equity	8,637,281	7,926,689
Total Liabilities and Stockholders’ Equity	13,173,133	11,734,233
Related Party [Member]
Current liabilities:
Accounts payable and accrued liabilities - related party (Note 14)	$ 81,840	$ 66,181