v3.25.1
RIGHT OF USE ASSETS
3 Months Ended
Mar. 31, 2025
RIGHT OF USE ASSETS

 

9.RIGHT OF USE ASSETS

 

The Company has three leases with expiration dates of May 31, 2026, January 31, 2027, and September 30, 2028.

 

 

    Buildings   Land   Total 
              
Balance at December 31, 2023   $515,071   $206,616   $721,687 
Depreciation    (142,727)   (214,114)   (356,841)
Foreign exchange translation    -    7,498    7,498 
Balance at December 31, 2024   $372,344   $-   $372,344 
Depreciation    (35,682)   -    (35,682)
Balance at March 31, 2025   $336,662   $-   $336,662 

 

The condensed consolidated interim statement of financial position shows the following amounts related to leases:

 

   March 31, 2025   December 31, 2024 
Buildings  $336,662   $372,344 

 

There were no additions to the right of use assets during the three months ended March 31, 2025 nor the year ended December 31, 2024.

 

 

Draganfly Inc.

Notes to the Condensed Consolidated Interim Financial Statements

For the Three Months Ended March 31, 2025

Expressed in Canadian Dollars (unaudited)