| Schedule of right-of-use asset |
The
following schedule shows the movement in the Company’s right-of-use asset:
Schedule of right-of-use asset
| | |
Right-of-use asset | |
| | |
| |
| Cost | |
| | |
| Balance, August 31, 2023 | |
$ | 1,177,721 | |
| Translation adjustment | |
| (42,737 | ) |
| Balance, August 31, 2024 | |
| 1,134,984 | |
| Translation adjustment | |
| (15,686 | ) |
| Balance, May 31, 2025 | |
$ | 1,119,298 | |
The
right-of-use asset is being depreciated on a straight-line basis over the remaining lease term.
| Accumulated Depreciation | |
| |
| Balance, August 31, 2023 | |
$ | 217,344 | |
| Depreciation | |
| 134,508 | |
| Translation adjustment | |
| (45,542 | ) |
| Balance, August 31, 2024 | |
$ | 306,310 | |
| Depreciation | |
| 154,399 | |
| Translation adjustment | |
| 2,519 | |
| Balance, May 31, 2025 | |
$ | 463,228 | |
| | |
| | |
| Carrying Amount | |
| | |
| May 31, 2025 | |
$ | 656,070 | |
| August 31, 2024 | |
$ | 828,674 | |
|
| Schedule of lease liability |
The
following schedule shows the movement in the Company’s lease liability during the period:
Schedule of lease liability
| | |
May 31, 2025 | | |
August 31, 2024 | |
| | |
| | |
| |
| Balance, beginning of period | |
$ | 977,107 | | |
$ | 1,107,961 | |
| Interest Expense | |
| 39,601 | | |
| 62,604 | |
| Lease payments | |
| (157,146 | ) | |
| (196,703 | ) |
| Translation Adjustment | |
| (20,583 | ) | |
| 3,245 | |
| Balance, end of period | |
$ | 838,977 | | |
$ | 977,107 | |
| | |
| | | |
| | |
| Current | |
| 166,355 | | |
| 161,508 | |
| Non-Current | |
| 672,622 | | |
| 815,599 | |
| | |
$ | 838,977 | | |
$ | 977,107 | |
|
| Schedule of maturity lease liability |
The
following table provides a maturity analysis of the Company’s lease liability. The amounts disclosed in the maturity analysis are
the contractual undiscounted cash flows before deducting interest or finance charges:
Schedule of maturity lease liability
| | |
| |
| 2025 | |
| 209,895 | |
| 2026 | |
| 211,251 | |
| 2027 | |
| 211,315 | |
| 2028 | |
| 221,088 | |
| 2029 | |
| 197,201 | |
| 2030 | |
| 82,167 | |
| Total
Lease liability | |
$ | 1,132,917 | |
|