COMMON SHARES (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| Schedule of changes in the fair value of Private Warrants liabilities |
| Schedule of changes in the fair value of Private Warrants liabilities | |
November 2024 Private Warrants | |
| Fair value at issuance (November 13, 2024) | |
$ | 1,929 | |
| Fair value of Warrants exercised | |
| (338 | ) |
| Change in fair value | |
| 2,240 | |
| Fair value as of June 30, 2025 | |
$ | 3,831 | |
|
| Schedule of Black-Scholes model for warrants |
| Schedule of Black-Scholes model for warrants | |
Series A
Public
Warrants | | |
Series B
Public
Warrants | |
| Closing Common Share price | |
$ | 2.25 | | |
$ | 2.25 | |
| Term (years) | |
| 2.5 | | |
| 4.0 | |
| Historic equity volatility | |
| 73.18 | % | |
| 73.36 | % |
| Risk-free rate | |
| 4.23 | % | |
| 4.31 | % |
|
| Schedule of issued Common Shares under the Yorkville Equity Facility Financing Agreement |
| Schedule of issued Common Shares under the Yorkville Equity Facility Financing Agreement | |
For The Year
Ended June 30, | |
| | |
2025 | | |
2024 | |
| Common Shares issued | |
| 5,671,742 | | |
| 1,358,000 | |
| Gross funds received | |
$ | 12,352 | | |
$ | 3,293 | |
Market value of Common Shares issued
| |
| 12,941 | | |
| 3,398 | |
| Loss on issuance(1) | |
$ | 589 | | |
$ | 105 | |
| (1) | Loss
on issuance represents a non-cash amount equal to the difference between the proceeds
received and the fair value of the Common Shares issued based on the Nasdaq closing price
per Common Share on the issuance date and is recorded in other operating expenses in
the condensed consolidated statement of operations and comprehensive loss. |
|
| Schedule of option |
| Schedule of option | | |
Number of Options | | |
Weighted Average Exercise Price | | |
Aggregate Intrinsic Value | | |
Weighted Average Remaining Contractual Life | |
| Balance, June 30, 2023 | | |
| 1,541,500 | | |
$ | 7.19 | | |
| | | |
| | |
| Granted | | |
| 1,625,000 | | |
| 2.99 | | |
| | | |
| | |
| Exercised | | |
| (7,800 | ) | |
| 3.95 | | |
| | | |
| | |
| Cancelled/expired | | |
| (663,200 | ) | |
| 5.88 | | |
| | | |
| | |
| Balance, June 30, 2024 | | |
| 2,495,500 | | |
| 4.78 | | |
| | | |
| | |
| Granted | | |
| 945,000 | | |
| 1.41 | | |
| | | |
| | |
| Exercised | | |
| (512 | ) | |
| 1.40 | | |
| | | |
| | |
| Cancelled/expired | | |
| (419,988 | ) | |
| 9.44 | | |
| | | |
| | |
| Balance, June 30, 2025 | | |
| 3,020,000 | | |
$ | 3.09 | | |
$ | 866 | | |
| 3.5 years | |
| | | |
| | | |
| | | |
| | | |
| | |
|
| Schedule of weighted average and assumptions used to option costs |
| | |
| | | |
| | |
| Schedule of weighted average and assumptions used to option costs | |
For the year ended June 30, | |
| | |
2025 | | |
2024 | |
| Fair value per option granted during the period | |
$ | 0.84 | | |
$ | 1.71 | |
| Risk-free interest rate | |
| 4.44 | % | |
| 4.25 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
| Expected stock price volatility (historical basis) | |
| 67.3 | % | |
| 63.2 | % |
| Expected option life in years | |
| 5.0 | | |
| 5.0 | |
| | |
| | | |
| | |
|
| Schedule of Weighted average exercise prices |
| Schedule of Weighted average exercise prices | |
Warrants | | |
Weighted Average Exercise Price | |
| Balance, June 30, 2023 | |
| 18,816,304 | | |
$ | 10.98 | |
| Granted | |
| 1,593,817 | | |
| 3.33 | |
| Expired | |
| (1,846,560 | ) | |
| 8.67 | |
| Balance, June 30, 2024 | |
| 18,563,561 | | |
| 10.53 | |
| Granted | |
| 13,553,714 | | |
| 2.05 | |
| Exercised | |
| (828,235 | ) | |
| 1.78 | |
| Expired | |
| (1,303,118 | ) | |
| 7.72 | |
| Balance, June 30, 2025 | |
| 29,985,922 | | |
$ | 7.06 | |
|
| Schedule of outstanding exercisable Warrants |
| Schedule
of outstanding exercisable Warrants | | |
| | |
|
| Number | | |
Exercise Price | | |
Expiry Date |
| | 250,000 | | |
$ | 4.60 | | |
September 1, 2025 |
| | 413,432
| | |
| 3.54 | | |
December 22, 2025
|
| | 315,000 | | |
| 2.20 | | |
June 24, 2026 |
| | 1,117,090 | | |
| 1.75 | | |
November 5, 2026 |
| | 1,992,214 | | |
| 1.75 | | |
November 13, 2026 |
| | 615,385 | | |
| 3.25 | | |
April 12, 2027 |
| | 2,577,320 | | |
| 1.98 | | |
August 2, 2027 |
| | 15,666,626 | (1) | |
| 11.50 | | |
March 17, 2028 |
| | 2,816,742 | | |
| 2.31 | | |
September 17, 2028 |
| | 1,288,660 | | |
| 2.05 | | |
January 31, 2029 |
| | 802,045 | | |
| 2.07 | | |
November 5, 2029 |
| | 1,067,946 | | |
| 2.07 | | |
November 13, 2029 |
| | 1,063,462 | | |
| 2.60 | | |
No expiry |
| | 29,985,922 | | |
| | | |
|
| (1) |
Includes
11,165,324 and 4,501,302 2023 Public Warrants and 2023 Private Warrants, respectively, as defined below. Each 2023 Public
Warrant and 2023 Private Warrant is exercisable into 1.11829212 Common Shares. |
|
| Schedule of Company classifies the 2023 Private Warrants |
| Schedule of Company classifies the 2023 Private Warrants | |
| | | |
| | |
| Key Valuation Input | |
June 30, 2025 | | |
June 30, 2024 | |
| Stock price on valuation date | |
$ | 2.33 | | |
$ | 1.73 | |
| Strike price | |
$ | 11.50 | | |
$ | 11.50 | |
| Implied volatility of the 2023 Public Warrants | |
| 90.0 | % | |
| 69.0 | % |
| Risk free rate | |
| 3.70 | % | |
| 4.45 | % |
| Dividend yield | |
| 0 | % | |
| 0 | % |
| Expected Warrant life in years | |
| 2.7 | | |
| 3.7 | |
|
| Schedule of change in the 2023 Private Warrants liability |
| Schedule of change in the 2023 Private Warrants liability | |
Amount | |
| Valuation at June 30, 2023 | |
$ | 3,279 | |
| Change in valuation | |
| (1,926 | ) |
| Valuation at June 30, 2024 | |
| 1,353 | |
| Exchange of 2023 Private Warrants for 2023 Public Warrants | |
| (482 | ) |
| Change in valuation | |
| 1,661 | |
| Valuation at June 30, 2025 | |
$ | 2,532 | |
|
| Schedule of Black-Scholes valuation |
| Schedule of Black-Scholes valuation
| |
| | |
| Key Valuation Input | |
September 17,
2024 | |
| Closing Common Share price | |
$ | 1.74 | |
Term (years)
| |
| 4.0 | |
| Historic equity volatility | |
| 67.14 | % |
| Risk-free rate | |
| 3.44 | % |
|
| Schedule of change in fair value of Warrants liability |
| Schedule of change in fair value of Warrants liability | |
Amount | |
| Valuation at June 30, 2024 | |
$ | 2,365 | |
| Fair value of Warrants issued | |
| (2,262 | ) |
| Gain on issuance of Warrants | |
| (103 | ) |
| Ending balance | |
$ | - | |
|
| Public Warrants [Member] |
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| Schedule of Black-Scholes model used in Private warrants |
| Schedule of Black-Scholes model used in public warrants | |
November 5, 2024 | |
| November 2024 Public Warrants: | |
Series A
Public
Warrants | | |
Series B
Public
Warrants | |
| Closing Common Share price | |
$ | 1.455 | | |
$ | 1.455 | |
| Term (years) | |
| 4.5 | | |
| 2.0 | |
| Historic equity volatility | |
| 67.43 | % | |
| 67.13 | % |
| Risk-free rate | |
| 4.14 | % | |
| 4.20 | % |
|
| Private Warrants [Member] |
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| Schedule of Black-Scholes model used in Private warrants |
| Schedule of Black-Scholes model used in Private warrants | |
November 13, 2024 | |
| November 2024 Private Warrants: | |
Series A Private
Warrants | | |
Series B Private Warrants | |
| Closing Common Share price | |
$ | 1.49 | | |
$ | 1.49 | |
| Term (years) | |
| 2.0 | | |
| 4.5 | |
| Historic equity volatility | |
| 67.26 | % | |
| 67.52 | % |
| Risk-free rate | |
| 4.20 | % | |
| 4.30 | % |
| | |
June 30, 2025 | |
| November 2024 Private Warrants: | |
Series A Private Warrants | | |
Series B Private Warrants | |
| Closing Common Share price | |
$ | 2.33 | | |
$ | 2.33 | |
| Term (years) | |
| 1.37 | | |
| 4.38 | |
| Historic equity volatility | |
| 86.14 | % | |
| 74.26 | % |
| Risk-free rate | |
| 3.88 | % | |
| 3.77 | % |
|