5. Amounts Receivable and Prepaids

		June 30, 2025			March 31, 2025
Sales tax receivable	$	26,879		$	14,650
Prepaid expenses and other receivables		12,692			8,527
Receivable on sale of subsidiary(1)		1,816			1,816
Accounts receivable and prepaids, gross		41,387			24,993
Provisions and liability on sales tax receivable, opening		(6,633	)		(6,777	)
Additions		-			(310	)
Recovery and reversal		1,859			1,259
Foreign exchange		1,055			(805	)
Provision on sales tax receivable		(3,719	)		(6,633	)
Amounts receivable and prepaids, net		37,668			18,360
Less: current portion		(34,520	)		(15,343	)
Long term portion	$	3,148		$	3,017

(1) This balance is conditional upon ruling by the Swedish Tax Authority related to an ongoing process in connection with certain value added tax (VAT) balances remitted and or claimed by the Company. If the ruling is favourable; amounts will be received; otherwise, the amounts will not be collectible. Management has assessed the collectability using a probability model under a range of scenarios and this receivable reflects the results of that process.

During the period ended June 30, 2025, after examination of the history of claims and payments received from various authorities, together with regulatory challenges, the Company assessed the collectability of its Sales tax receivable balance. As a result, the Company determined that there is uncertainty over the collection of certain amounts, and recorded a provision of $nil (March 31, 2025 - $0.3 million) for these receivables. During the period ended June 30, 2025, the Company paid $0.3 million towards the $0.3 million provisioned amount.  The Company had received an assessment of $2.3 million during year ended March 31, 2024,for sales tax payable that is included in the provision as a result of a Sales tax audit related to periods prior to the acquisition of 9376-9974 Quebec Inc. in 2021.During the period ended June 30, 2025, the Company received sales tax credits totalling $1.4 million that were applied against this assessment and the Company paid an additional $0.2 million towards this assessment.

Credit risk

Credit risk is the risk that one party to a financial instrument will fail to discharge an obligation and cause the other party to incur a financial loss.  The Company's primary exposure to credit risk is on its cash held in bank accounts as at June 30, 2025.  The majority of cash is deposited in bank accounts held primarily with one major bank in Canada so there is a concentration of credit risk.  This risk is managed by using a major bank that is a high credit quality financial institution as determined by rating agencies.

The Company is exposed to credit risk related to amounts receivable from the Swedish government related to VAT filings and from the Canadian and Quebec governments related to the sales tax filings (Note 16).