v3.25.2
Consolidated Balance Sheets - CAD ($)
$ in Thousands
May 31, 2025
May 31, 2024
Current assets:    
Cash and cash equivalents $ 7,547 $ 1,816
Prepaid expenses 530 2,431
Accounts receivable 96 417
Total current assets 8,173 4,664
Operating lease assets 30 75
Property and equipment, net 209 205
Total Assets 8,412 4,944
Current liabilities:    
Accounts payable 679 715
Accrued liabilities 625 574
Operating lease liabilities 22 44
Total current liabilities 1,326 1,333
Forward Purchase Agreement 20,938
Warrant liabilities 4,488 576
Operating lease liabilities 8 30
Total Liabilities 5,822 22,877
Shareholders’ Equity (Deficit):    
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024) 6,277
Additional paid-in capital (78,766) (77,656)
Accumulated deficit (9,483) (14,683)
Total Shareholders’ Equity (Deficit) 2,590 (17,933)
Total Liabilities and Shareholders’ Equity (Deficit) 8,412 4,944
Class A Ordinary Shares    
Shareholders’ Equity (Deficit):    
Class A ordinary shares, no par value; 100,000,000 shares authorized; 32,325,709 issued and outstanding (18,607,931 as of May 31, 2024) $ 84,562 $ 74,406