Company: GNTOF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001062993-25-008252
Chunk: 64

Company: GENTOR RESOURCES INC.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 64
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 risk on net working capital as at December 31, 2024. The table below also provides a sensitivity analysis of a10percent strengthening of the US dollar against the Canadian dollar which would have increased (decreased) the Company's net (loss) income by the amounts shown in the table below. A10percent weakening of the US dollar against the Canadian dollar would have had an equal but opposite effect as at year ending December 31, 2024, 2023 and 2022.
Canadian Canadian Canadian
Dollars Dollars Dollars
2024 2023 2022
────────────────────────────────────────────────────────────────────────────────────────────────────────────
Cash 1,723 32,733 12,453
Accounts payable ( 87,597 ( 49,300 ( 130,208
Loan - ( 40,000 ( 40,000
Total foreign currency working capital ( 85,874 ( 56,567 ( 157,755
US$ exchange rate 0.6950 0.7561 0.7383
Total foreign currency net working capital in US$ ( 59,683 ( 42,770 ( 116,471
Impact of a 10% strengthening of the US$ on net income (loss) ( 5,968 ( 4,277 ( 11,647
b)MARKET RISK
Market risk is the potential for financial loss from adverse changes in underlying market factors, including foreign-exchange rates, commodity prices and stock based compensation costs.
c)CREDIT RISK
Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument. Financial instruments that potentially subject the Company to credit risks are limited to cash. The Company does not have significant credit risk related to cash as the Company transacts with a bank with a high credit rating assigned by international credit-rating agencies.
d)LIQUIDITY RISK
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company is exposed to liquidity risk due to its limited cash resources.
e)DISCLOSURES OF FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
The Company's financial assets and liabilities are carried at amortised cost and belong to Level 2 of the fair value hierarchy. During the year ended December 31, 2024, there were no transfers between levels of the fair value hierarchy. The carrying amounts of these financial