Aurora Solar Technologies : Q1 – FS

AURORA SOLAR TECHNOLOGIES INC.

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30 JUNE 2023 AND 2022

Stated in Canadian Dollars

NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

The accompanying unaudited condensed interim consolidated financial statements of the Company have been

prepared by and are the responsibility of the Company's management.

The Company's independent auditor has not performed a review of these condensed interim consolidated

financial statements.

TABLE OF CONTENTS
Condensed Interim Consolidated Statements of Financial Position	1
Condensed Interim Consolidated Statements of Net Loss and Comprehensive Loss	2
Condensed Interim Consolidated Statements of Changes in Equity	3
Condensed Interim Consolidated Statements of Cash Flows	4
1)	Nature of operations and going concern	5
2)	Basis of preparation - statement of compliance	6
3)	Significant accounting policies	6
4)	Critical accounting judgements and key sources of estimation uncertainty	7
5)	Financial instruments and risk management	9
6)	BTi acquisition	12
7)	Amounts receivable	13
8)	Inventory	13
9)	Intangibles - Intellectual Property	14
10)	Other assets	14
11)	Equipment	15
12)	Right of use assets	16
13)	Lease liability	16
14)	Share capital and reserves	17
15)	Related party transactions and balances	20
16)	Supplemental information for statements of net loss and comprehensive loss	20
17)	Revenue	21
18)	Provisions	21
19)	Supplemental disclosure on acquisition related cash and non-cash activities	22
20)	Capital management	22
21)	Commitments and contingencies	23
22)	Segmented disclosure	24
23)	Subsequent events	24

AURORA SOLAR TECHNOLOGIES INC.

Expressed in Canadian Dollars (Unaudited)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

1 | P a g e

--The accompanying notes form an integral part of the condensed interim consolidated financial statements--

AURORA SOLAR TECHNOLOGIES INC.

Expressed in Canadian Dollars (Unaudited)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF NET LOSS AND COMPREHENSIVE LOSS

2 | P a g e

--The accompanying notes form an integral part of the condensed interim consolidated financial statements--

AURORA SOLAR TECHNOLOGIES INC.

Expressed in Canadian Dollars (Unaudited)

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

3 | P a g e

--The accompanying notes form an integral part of the condensed interim consolidated financial statements--