Revenues |
3 Months Ended | ||||||||||||||||||||||||||||||||||||
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May 31, 2025 | |||||||||||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||||||||||
| Revenues | 13. Revenues
Revenue for the three-month periods ended May 31, 2025 and 2024 were as follows:
During the three-month period ended May 31, 2025, the Company recorded revenues of $244 (2024 – nil) for engineering fees, which were related to an engineering services agreement between Loop and ELITe. Pursuant to the agreement, Loop provides engineering services for the planned Infinite Loop™ facility in India.
During the three-month period ended May 31, 2025, the Company recorded revenues of $8 (2024 – $6) for sales of Loop™ PET resin. As at May 31, 2025, unearned revenue was $102 (2024 – nil), comprised of a payment received from a customer while the Company has not yet fulfilled its obligation to deliver PET. |
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