$IBATF
INTERNATIONAL BATTERY METALS LTD.
CIK:0001786318|SEC Filings
Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | |
|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Total Revenue | $ 120 | $ 7 |
| Cost of revenue | 3 | 1 |
| Gross margin | 117 | 6 |
| OPERATING COSTS AND EXPENSES | ||
| Operating costs, excluding depreciation | 409 | 600 |
| Selling, general and administrative expenses, excluding depreciation | 1,843 | 2,277 |
| Amortization of intangible assets | 269 | 269 |
| Depreciation | 503 | 498 |
| Operating loss | (2,907) | (3,638) |
| Change in fair value of warrant liability | 2,883 | 5,323 |
| Other income/(loss) | (4) | 3 |
| Net income (loss) before income tax provision | (28) | 1,688 |
| Net income (loss) | $ (28) | $ 1,688 |
| Net income/(loss) per share, basic | $ (0) | $ 0.01 |
| Net income/(loss) per share, diluted | $ (0) | $ 0.01 |
| Weighted average shares outstanding, basic | 361,957 | 271,055 |
| Weighted average shares outstanding, diluted | 361,957 | 277,424 |
| Service | ||
| Total Revenue | $ 120 | $ 7 |
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands |
Jun. 30, 2026 |
Mar. 31, 2026 |
|---|---|---|
| Current assets | ||
| Cash | $ 9,441 | $ 9,187 |
| Accounts receivable, net | 58 | 90 |
| Supply inventory | 1,061 | 1,061 |
| Other current assets | 245 | 251 |
| Total current assets | 10,805 | 10,589 |
| Plant and equipment, net | 26,341 | 26,842 |
| Intangible assets, net | 1,921 | 2,190 |
| Right of use asset | 116 | 141 |
| Total assets | 39,183 | 39,762 |
| Current liabilities | ||
| Accounts payable | 187 | 395 |
| Accrued liabilities | 489 | 892 |
| Lease obligation, current | 100 | 99 |
| Total current liabilities | 776 | 1,386 |
| Warrant liability | 9,790 | 9,968 |
| Lease obligation, long-term | 20 | 44 |
| Total liabilities | 10,586 | 11,398 |
| Commitments and contingencies (Note 15) | ||
| Shareholders' equity | ||
| Share capital, no par 378,001 and 343,033 common shares issued and outstanding, respectively, as of June 30, 2026 and March 31, 2026, respectively | 68,069 | 67,808 |
| Accumulated deficit | (39,472) | (39,444) |
| Total shareholders' equity | 28,597 | 28,364 |
| Total liabilities and shareholders' equity | $ 39,183 | $ 39,762 |