v3.25.2
Convertible debentures (Tables)
 9 Months Ended
Apr. 30, 2025
Convertible debentures [Abstract]  
Convertible Debentures
A continuity of the Company’s convertible debentures is as follows:

Balance as at August 1, 2023
  
$
-
  
Issued
    
920,000
  
Fair value of embedded derivative
    
(73,550
)
Transaction costs
    
(36,484
)
Accretion
    
52,552
  
Interest
    
19,026
  
Balance as at July 31, 2024
  
$
881,544
  
Issued
    
3,686,133
  
Fair value of embedded derivative
    
(138,250
)
Accretion
    
226,853
  
Interest
    
149,905
  
Accrued interest transferred to accrued liabilities
     (21,130 )
Extinguishment
     (3,982,650 )
Assumed on RTO
     3,345,000  
Balance as at April 30, 2025
  
$
4,147,405
  
Embedded Derivative Liabilities
Below is a continuity of the embedded derivative liabilities:

Balance as at August 1, 2023
  
$
-
  
Derivative liability component
   
73,550
  
Change in fair value of derivative liabilities
    
845,700
  
Balance as at July 31, 2024
  
$
919,250
  
Derivative liability component
    
138,250
  
Change in fair value of derivative liabilities
    
(719,000
)
Transferred to equity
     (266,000 )
Balance as at April 30, 2025
  
$
72,500
  
Key Inputs Convertible Debentures
The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:

   
At initial
measurement (for
the year ended July
31, 2024)
    
As at
July 31, 2024
    
At initial
measurement (for
the period ended
April 30, 2025)
    
As at
April 30, 2025
  
Probability of De-SPAC Transaction closing
    
90
%
     90 %    
90% - 99
%
    
N/A
  
Risk-free interest rate
    
4.60% - 4.87
%
    
4.27% - 4.38
%
    
0.61% - 4.25
%
     2.48 %
Expected term (years)
    
0.35 – 0.82
      
0.26 - 0.54
      
0.01 – 2.00
       1.88  
Expected annual volatility for the Company
    
90% - 145
%
    
85% - 112
%
    
92.5% - 150
%
     150 %
Expected annual volatility for Focus Impact
    
2.5% - 5
%
    
2.5
%
    
2.5% - 100
%
    
N/A
  
Common conversion ratio
    
0.083 - 0.155
       0.083      
0.063 – 0.1462
      
N/A
  
Foreign exchange rate
    
0.727 - 0.747
       0.7242      
0.718 – 0.734
      
N/A