| Right of Use Asset and Operating Lease Liability [Text Block] |
14. Right of Use Asset and Operating Lease Liability
The Company has lease agreements for its offices, and buildings for its data centers in Sweden and Quebec, Canada, in addition to electrical equipment in Sweden.
Right of use assets
| |
|
June 30, 2025 |
|
|
March 31, 2025 |
|
| |
|
|
|
|
|
|
| Cost |
$ |
13,271 |
|
$ |
12,704 |
|
| Accumulated amortization |
|
(7,931 |
) |
|
(7,158 |
) |
| Net carrying value |
$ |
5,340 |
|
$ |
5,546 |
|
Lease liabilities
| |
|
June 30, 2025 |
|
|
March 31, 2025 |
|
| |
|
|
|
|
|
|
| Current |
$ |
2,863 |
|
$ |
2,645 |
|
| Non-current |
|
2,684 |
|
|
3,095 |
|
| |
$ |
5,547 |
|
$ |
5,740 |
|
| |
|
June 30, 2025 |
|
|
March 31, 2025 |
|
| |
|
|
|
|
|
|
| Weighted average discount rate |
|
6.00% |
|
|
6.00% |
|
| Weighted average remaining lease term (in years) |
|
2.24 |
|
|
2.42 |
|
| |
|
June 30, 2025 |
|
|
March 31, 2025 |
|
| |
|
|
|
|
|
|
| 2026 |
$ |
3,100 |
|
$ |
2,900 |
|
| 2027 |
|
1,704 |
|
|
2,014 |
|
| 2028 |
|
1,095 |
|
|
981 |
|
| 2029 |
|
11 |
|
|
251 |
|
| Total undiscounted lease liabilities |
|
5,910 |
|
|
6,146 |
|
| Interest on lease liabilities |
|
(363 |
) |
|
(406 |
) |
| Total present value of minimum lease payments |
|
5,547 |
|
|
5,740 |
|
| Lease liability - current portion |
|
2,863 |
|
|
2,645 |
|
| Lease liability |
$ |
2,684 |
|
$ |
3,095 |
|
The Company incurred the following lease costs which were recorded in operating and maintenance costs in the statements of (loss) income and comprehensive (loss) income:
| |
|
Three months ended |
|
| |
|
June 30, 2025 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Variable lease costs (CPI adjustments) |
$ |
96 |
|
$ |
64 |
|
| Operating lease costs: |
|
|
|
|
|
|
| Depreciation of leased assets |
|
642 |
|
|
576 |
|
| Interest on lease liabilities |
|
82 |
|
|
107 |
|
| Total lease costs |
$ |
820 |
|
$ |
747 |
|
Cash paid for amounts included in the measurement of lease liabilities:
| |
|
Three months ended |
|
| |
|
June 30, 2025 |
|
|
June 30, 2024 |
|
| |
|
|
|
|
|
|
| Cash flows from operating leases |
$ |
867 |
|
$ |
733 |
|
|