$GEBRF

Greenbriar Sustainable Living Inc.

CIK:0001570843|SEC Filings

Consolidated Statements of Loss and Comprehensive Loss - CAD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
General and administration expenses
Consulting and management fees	$ (868,385)	$ (806,557)	$ (620,682)
General and administrative	(293,410)	(310,018)	(493,930)
Marketing and donations	0	(14,883)	(61,614)
Professional fees	(521,568)	(618,412)	(580,180)
Share-based payment expense	(236,922)	(334,534)	(1,176,190)
Total expense	(1,920,285)	(2,084,404)	(2,932,596)
Other (expenses) income, net
Foreign exchange gain (loss)	557,477	(651,807)	133,468
Accretion expense on convertible debt	(509,607)	(434,341)	(112,465)
Accretion on joint venture settlement obligation	(459,408)	(552,928)	(185,587)
Interest expense and bank charges	(977,605)	(688,130)	(97,570)
Unrealized gain(loss) and foreign exchange on marketable securities	1,341,000	(30,510)	0
Loss on modification of joint venture settlement obligation	0	(246,168)	0
Gain on settlement of accounts payable and accrued liabilities	0	5,172	321,115
Interest income	0	0	29,933
Loss on shares for debt settlement	(402,740)	0	0
Loss on share settlement of joint venture settlement obligation	0	(538,461)	0
Transaction costs expensed on convertible debentures	0	0	(87,781)
Fair value adjustment on derivative liability	845,203	86,001	117,648
Loss	(1,525,965)	(5,135,576)	(2,813,835)
Other comprehensive income (loss
Cumulative translation adjustment income (loss)	(918,282)	1,438,316	(380,197)
Total comprehensive loss	$ (2,444,247)	$ (3,697,260)	$ (3,194,032)
Loss per share-basic	$ (0.04)	$ (0.15)	$ (0.08)
Loss per share-diluted	$ (0.04)	$ (0.15)	$ (0.08)
Weighted average shares outstanding-basic	38,639,035	34,714,698	33,911,334
Weighted average shares outstanding-diluted	38,639,035	34,714,698	33,911,334

Consolidated Statements of Cash Flows - CAD ($)	12 Months Ended
Consolidated Statements of Cash Flows - CAD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash used from operating activities
Loss for the year	$ (1,525,965)	$ (5,135,576)	$ (2,813,835)
Items not affecting cash
Unrealized foreign exchange (gain) loss	(557,477)	680,585	(49,193)
Gain on settlement of account payable and accrued liabilities	0	(5,172)	(321,115)
Loss on shares for debt settlement	402,740	0	0
Share-based payment expense	236,922	334,534	1,176,190
Accrued interest income	0	0	(29,933)
Unrealized (gain) loss and foreign exchange on marketable securities	(1,341,000)	30,510	0
Loss on share settlement of joint venture settlement obligation	0	538,461	0
Accretion on convertible debenture	509,607	434,341	112,465
Accretion on joint venture settlement obligation	459,408	552,928	185,587
Fair value of derivative liability	(845,203)	(86,001)	(117,648)
Loss on modification of joint venture settlement obligation	0	246,168	0
Transaction costs expensed on convertible debenture	0	0	87,781
Cash flows from (used in) operations before changes in working capital	(2,660,968)	(2,409,222)	(1,769,701)
Change in non-cash operating working capital
Decrease (increase) in receivables and prepaid expenses	51,857	441,126	19,012
Increase (decrease) in accounts payable and accrued liabilities	2,326,069	809,146	(403,781)
Cash flows from (used in) operating activities	(283,042)	(1,158,950)	(2,154,470)
Cash flows used in investing activities
Sage ranch	(586,080)	(749,887)	(3,130,040)
Power project development and construction costs	(229,794)	(380,312)	(499,182)
Cash flows from (used in) investing activities	(815,874)	(1,130,199)	(3,629,222)
Cash flows used in financing activities
Cash repaid on loans	(358,728)	(264,389)	(60,626)
Cash received on loans	1,500,785	1,692,080	140,626
Option exercises	0	484,300	379,500
Warrant exercises	0	427,050	7,500
Convertible debt issuance	0	0	4,592,164
Transaction costs on convertible debt	0	0	(23,340)
Private placement proceeds	300,000	0	386,000
Share issuance costs	(3,874)	0	(7,482)
Repayment of joint venture settlement obligation	(183,500)	(220,500)	467,976
Cash flows from (used in) financing activities	1,254,683	2,118,541	5,882,318
Effect of foreign exchange on cash	(44,001)	69,283	(76,478)
Increase (decrease) in cash	111,766	(101,325)	22,148
Cash - beginning of year	(54,227)	47,098	24,950
Cash (overdraft) - end of year	57,539	(54,227)	47,098
Supplemental cash flow information
Shares issued to reduce accounts payable and loans and promissory notes	1,249,264	0	64,000
Warrants issued on private placement	94,127	0	0
Warrants issued on shares for debt settlement	389,552	0	0
Bonus warrants issued on convertible debt	0	0	484,525
Equity portion of convertible debt	0	0	37,219
Recognition of derivative liability	0	0	1,171,660
Accrued investment property through accounts payable	770,463	888,055	552,583
Accrued power project development costs through accounts payable	49,138	53,915	12,854
Shares issued to settle joint venture obligation	0	1,538,461	0
Reclass of loan receivable to joint venture settlement obligation	0	206,947	0
Reclass of reserve from warrants exercised	0	182,882	0
Reclass of reserve from options exercised	0	328,750	0
Reclass from AP to loan payable	35,165	0	0
Taxes paid	$ 0	$ 0	$ 0

Consolidated Statements of Financial Position - CAD ($)	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash	$ 57,539	$ 0
Deposits and prepaid expenses - short term	66,575	30,936
Other receivables	2,988	7,747
Marketable securities	3,096,000	1,755,000
Total current assets	3,223,102	1,793,683
Non-current assets
Deposits and prepaid expenses - long term	0	82,737
Sage Ranch	10,273,524	10,162,415
Power project acquisition and development costs	8,058,124	8,225,009
Total assets	21,554,750	20,263,844
Current liabilities
Overdraft	0	54,227
Accounts payable and accrued liabilities	5,706,049	4,986,099
Loan payables and promissory notes	3,726,817	2,563,145
Joint venture settlement obligation	1,883,795	669,449
Convertible debentures	4,516,351	3,338,552
Convertible debenture derivative	145,122	1,025,803
Current liabilities	15,978,134	12,637,275
Non-current liabilities
Joint venture settlement obligation	1,760,853	2,699,291
Convertible debenture	0	839,132
Total liabilities	17,738,987	16,175,698
Shareholders' equity
Share capital	30,823,321	29,372,058
Reserves	9,948,620	9,228,019
Accumulated other comprehensive income	1,173,226	2,091,508
Deficit	(38,129,404)	(36,603,439)
Total shareholders' equity	3,815,763	4,088,146
Total liabilities and shareholders' equity	$ 21,554,750	$ 20,263,844