Defense Technologies International Corp. Q2 2025 10-Q Filed

TL;DR

**DTII Q2 2025 10-Q is in. Check financials.**

AI Summary

Defense Technologies International Corp. filed a 10-Q for the period ending October 31, 2024. The company, formerly Canyon Gold Corp., reported financial results for its second quarter of fiscal year 2025. Specific financial figures such as revenue, net income, and assets are detailed within the filing.

Why It Matters

This filing provides investors with an update on the financial health and performance of Defense Technologies International Corp. for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: medium — The company's SIC code indicates it operates in the gold and silver ores industry, which can be subject to commodity price volatility and regulatory changes.

Key Numbers

• 0.0001 — Fiscal Year End (The company's fiscal year ends on April 30th.)
• 20000000 — Authorized Shares (Represents the total number of shares authorized by the company.)
• 2535135 — Net Income (Indicates the company's profitability for the period.)
• 1063255 — Total Assets (Represents the total value of assets owned by the company.)

Key Players & Entities

• DEFENSE TECHNOLOGIES INTERNATIONAL CORP. (company) — Filer
• CANYON GOLD CORP. (company) — Former Company Name
• 20241031 (date) — Reporting Period End Date
• 20241223 (date) — Filing Date
• 0001533357 (company) — Central Index Key

FAQ

Key Financial Figures

• $0.0001 — B preferred and 579 Series D preferred: $0.0001 par value, outstanding. DEFENSE TECHNO
• $12,500 — ed and paid quarterly with a minimum of $12,500 paid each quarter (2) All payment will
• $378,600 — any for 17,500 shares of PSSI valued at $378,600 for 76.28% of PSSI . The balance of PSS
• $7,500 — initial payment. As of October 31, 2024 $7,500 had not been paid leaving the balance d
• $259,585 — r 31, 2024, the outstanding balance was $259,585 plus accrued interest. On March 10, 20

Filing Documents

• dtii_10q.htm (10-Q) — 600KB
• dtii_ex311.htm (EX-31.1) — 6KB
• dtii_ex321.htm (EX-32.1) — 4KB
• 0001477932-24-008276.txt ( ) — 3021KB
• dtii-20241031.xsd (EX-101.SCH) — 36KB
• dtii-20241031_lab.xml (EX-101.LAB) — 212KB
• dtii-20241031_cal.xml (EX-101.CAL) — 37KB
• dtii-20241031_pre.xml (EX-101.PRE) — 175KB
• dtii-20241031_def.xml (EX-101.DEF) — 114KB
• dtii_10q_htm.xml (XML) — 268KB

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION Page Item 1.

Financial Statements

Financial Statements: Condensed Consolidated Balance Sheets as of October 31, 2024 (Unaudited) and April 30, 2024 (Audited) 3 Condensed Consolidated Statements of Operations for the Three and Six Month Periods Ended October 31, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Stockholders Deficit for the Three and Six Months Ended October 31, 2024 and 2023 (Unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Six Month Periods Ended October 31, 2024 and 2023 (Unaudited) 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 17 Item 4.

Controls and Procedures

Controls and Procedures 17

— OTHER INFORMATION

PART II — OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 18 Item 1A.

Risk Factors

Risk Factors 18 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds. 18 Item 3. Defaults upon Senior Securities 18 Item 4. Mine Safety Disclosure 18 Item 5. Other Information 18 Item 6. Exhibits 19

Signatures

Signatures 20 2 Table of Contents

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Defense Technologies International Corp. and Subsidiary Condensed Consolidated Balance Sheets October 31, 2024 April 30, 2024 (Unaudited) (Audited) ASSETS Current assets: Cash $ 228 $ 171 Inventory 7,599 7,599 Total current assets 7,827 7,770 Total assets $ 7,827 $ 7,770 Current liabilities: Accounts payable and accrued expense $ 57,349 $ 386,003 Accrued licenses agreement payable - 87,500 Accrued interest and fees payable 187,963 178,188 Convertible notes payable, net of discount 279,085 279,085 Derivative liabilities 29,754 37,211 Payables – related parties 526,958 1,191,708 Customer deposits 40,375 40,375 Notes payable 70,042 20,042 Note payable- related party 150,680 150,020 Total current liabilities 1,342,206 2,370,132 Total liabilities 1,342,206 2,370,132 Commitments and Contingencies - - Stockholders' deficit: Preferred stock, $ 0.0001 par value; 20,000,000 shares authorized, Series A – 2,535,135 and 2,535,135 shares issued and outstanding, respectively 253 253 Series B – 1,063,255 and 1,860,636 shares issued and outstanding, respectively 106 186 Series D – 579 and 600 shares issued and outstanding, respectively - - Common stock, $ 0.0001 par value; 600,000,000 shares authorized, 30,947,919 and 9,729,878 shares issued and outstanding, respectively 3,096 974 Additional paid-in capital 16,181,447 15,067,580 Accumulated deficit ( 17,193,733 ) ( 17,116,309 ) Total ( 1,008,831 ) ( 2,047,316 ) Non-controlling interest ( 325,548 ) ( 315,046 ) Total stockholders' deficit ( 1,334,379 ) ( 2,362,362 ) Total liabilities and stockholders' deficit $ 7,827 $ 7,770 See notes to condensed consolidated financial statements 3 Table of Contents Defense Technologies International Corp. and Subsidiary Condensed Consolidated Statements of Operations As of October 31, (Unaudited) Three Months

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View this 10-Q filing on SEC EDGAR