Company: DSNY
Filing Date: 2025-04-14
Form Type: 10-Q
Source: 0001062993-25-007398
Chunk: 16

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-04-14
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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Net income (loss)$(302,094) 118,140  (142,222) 134,476  (130,012) 249,516  (28,944) 107,052 Stock-based compensation 8,144  10,759  11,107  11,359  10,655  13,805  34,605  38,085 Depreciation and amortization 183,724  166,979  213,917  87,760  87,026  81,098  128,842  37,182 Interest income (6,493) (8,408) (10,529) (13,685) (15,461) (11,526) (10,460) (9,593)Adjusted EBITDA$(116,719) 287,470  72,273  219,910  (47,792) 332,893  124,043  172,726 

LIQUIDITY AND FINANCIAL CONDITION

As at February 28, 2025, we held $1,216,378 (August 31, 2024 - $1,481,582) in cash and cash equivalents. The Company's cash equivalents consist of investments in mutual funds with a major Canadian financial institution that earn interest at variable interest rates.

At February 28, 2025, we had working capital of $1,687,699 compared to $1,842,071 as at August 31, 2024. The decrease in our working capital was primarily due to operating results.

Cash Flows

The following table sets forth a summary of the net cash flow activity for the periods indicated:

  Six Months Ended       Net cash and cash equivalents provided by (used in) February 28,2025  February 29,2024  $ Change  % Change Operating activities$47,646 $132,797  (85,152)  (64.1%) Investing activities (223,440) (281,563) 58,123   (20.6%) Financing activity -  (306,680) 306,680   (100.0%) Effect of foreign exchange rate changes on cash (89