Blue Moon Metals : YE 2021 Financials

Blue Moon Metals Inc.

Consolidated Financial Statements

For the years ended December 31, 2021 and 2020

(Expressed in Canadian dollars)

Blue Moon Metals Inc.

Consolidated Financial Statements

(Expressed in Canadian dollars)

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

ASSETS

December 31, 2021	December 31, 2020
$	$
Note
Cash	582,073	267,015
Receivables	13b	8,361	4,175
Prepaid expenses	119,269	5,000
Restricted cash	13b	13,864	13,864
CURRENT ASSETS	723,567	290,054
Mineral property interests	4	698,007	698,007
ASSETS	1,421,574	998,061
LIABILITIES
Accounts payable and accrued liabilities	291,030	98,507
Due to related parties	8	341,425	460,629
LIABILITIES	632,455	559,136
SHAREHOLDERS' EQUITY
Share capital	5	11,743,011	10,279,967
Contributed surplus	1,574,516	1,157,245
Deficit	(12,528,408)	(11,008,287)
SHAREHOLDERS' EQUITY	789,119	428,925
LIABILITIES AND SHAREHOLDERS' EQUITY	1,421,574	988,061
Nature of operations and going concern	1
Approved by the Board of Directors

Douglas Urch (signed)Director

Patrick McGrath (signed)Director

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CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS

2021	2020
Note	$	$
General exploration expenses	4d	997,124	14,839
Filing and regulatory fees	54,267	19,479
General administrative costs	8,861	4,458
Professional fees	30,913	24,749
Share-based payments	7	101,407	39,283
Shareholder communication and travel	207,583	32,885
Consulting fees	8	77,000	72,000
Foreign exchange loss	12,366	838
Interest expense	8	30,600	30,600
Loss on debt settlement	5c, 8	-	24,206
LOSS AND COMPREHENSIVE LOSS	1,520,121	263,337
Basic and diluted loss per common share	$0.01	$0.00
Weighted average number of common shares outstanding -
138,148,282	111,821,450
basic and diluted
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For the years ended December 31,

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the year ended December 31,	2021	2020
Note
Cash flows provided by (used in)	$	$
OPERATING ACTIVITIES
Loss and comprehensive loss	(1,520,121)	(263,337)
Items not affecting cash
Share-based payments	101,407	39,283
Interest expense	7,796	30,600
Loss on debt settlement	-	24,206
109,203	94,089
Change in non-cash working capital items	10	(52,932)	72,850
OPERATING ACTIVITIES	(1,463,850)	(96,398)
FINANCING ACTIVITIES
Issuance of securities	5b	1,906,346	300,634
Issuance costs	5b	(127,438)	(3,311)
Debt settlement costs	-	(782)
FINANCING ACTIVITIES	1,778,908	296,541
INVESTING ACTIVITIES
Buyback Net Smelter Royalty	4	-	(29,055)
INVESTING ACTIVITIES	-	(29,055)
CHANGE IN CASH	315,058	171,088
Cash - Beginning	267,015	95,927
CASH - ENDING	582,073	267,015
Supplemental cash flow information (Note 10)
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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

Note	Number of	Share	Contributed	Deficit	Shareholders'
Shares	Capital	Surplus	Equity
$	$	$	$
DECEMBER 31, 2019	109,350,707	9,945,688	1,075,014	(10,744,950)	275,752
Private placement	5b	8,589,557	257,686	42,948	-	300,634
Private placement issuance costs	5b	-	(3,311)	-	-	(3,311)
Shares issued in debt settlement	5c	1,613,714	80,686	-	-	80,686
Debt settlement costs	5c	-	(782)	-	-	(782)
Share-based payments	7	-	-	39,283	-	39,283
Loss and comprehensive loss	-	-	-	(263,337)	(263,337)
DECEMBER 31, 2020	119,553,978	10,279,967	1,157,245	(11,008,287)	428,925
Private placement	5b	28,527,017	1,621,075	285,271	-	1,906,346
Private placement issuance costs	5b	-	(127,438)	-	-	(127,438)
Finder's warrants	5b	-	(30,593)	30,593	-	-
Share-based payments	7	-	-	101,407	-	101,407
Loss and comprehensive loss	-	-	-	(1,520,121)	(1,520,121)
DECEMBER 31, 2021	11,743,011	1,574,516	(12,528,408)	789,119

148,080,995

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