v3.25.2
Basis of preparation and going concern uncertainty (Tables)
9 Months Ended
May 31, 2025
Basis of preparation and going concern uncertainty  
Schedule of significant subsidiaries

Country of 

Proportion of

 

incorporation

ownership held 

 

Name of subsidiary

    

Principal activity

    

and operation

    

by the Company

 

7858078 Canada Inc.

Owns an electric boat rental center

Canada

100

%

EB Rental, Ltd.

Operates an electric boat rental center

United States

nil

EB Rental Ventura Corp.

Operates an electric boat rental center

United States

100

%

EB Rental FL Corp.

Operates an electric boat rental center

 

United States

100

%

EBR Palm Beach Inc.

 

Operates an electric boat rental center

 

United States

100

%

NVG Holdings Inc.

Holding company

United States

100

%

Vision Marine Technologies Corp.

 

Operates an electric boat service center

 

United States

 

100

%

Schedule of exchange rates for the currencies used in the preparation of the consolidated financial statements

    

Average exchange rate for the

Exchange rate as at:

nine-month period ended

    

May 31,

    

August 31, 

    

May 31,

    

May 31,

2025

2024

2025

2024

US dollar

1.3758

 

1.3491

 

1.4048

 

1.3573

Schedule of reconciliation of the effect of the adoption of the amendments to IAS 1

The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at May 31, 2025:

    

Balance prior

    

    

Balance after

to adoption

Changes

adoption

$

$

$

Current portion of derivative liabilities

 

Long-term portion of derivative liabilities

 

1,838,183

1,838,183

The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at August 31, 2024:

    

Balance prior

    

    

Balance after

 to adoption

Changes

adoption

$

$

$

Current portion of derivative liabilities

 

 

1,964,774

 

1,964,774

Long-term portion of derivative liabilities

 

2,180,389

 

(1,964,774)

 

215,615