Transactions in foreign currencies are translated into Canadian dollars at rates of exchange at the time of such transactions. Monetary assets and liabilities are translated at the reporting period rate of exchange. Non-monetary assets and liabilities are translated at historical exchange rates. Revenue and expenses denominated in a foreign currency are translated at the monthly average exchange rate. Gains and losses resulting from the translation adjustments are included in income.
The following table describes the exchange rates applied as of December 31, 2025.
The functional currencies for the parent company and each subsidiary are as follows:
Company Name
| Country of Incorporation
| Function Currency
|
ZenaTech, Inc.
| Canada
| Canada dollar
|
ZenaTech, Inc.
| United States of America
| United States of America dollar
|
PacePlus Inc.
| United States of America
| United States of America dollar
|
SystemView Inc.
| United States of America
| United States of America dollar
|
ZigVoice, Inc.
| United States of America
| United States of America dollar
|
ZenaDrone, Inc.
| United States of America
| United States of America dollar
|
ZenaDrone Limited
| Ireland
| Euro
|
ZenaDrone Manufacturing, Inc.
| United States of America
| United States of America dollar
|
Othership Ltd.
| United Kingdom
| United Kingdom pound
|
Workaware, Inc.
| United States of America
| United States of America dollar
|
TillerStack, GmbH
| Germany
| Euro
|
TillerStack, Inc.
| United States of America
| United States of America dollar
|
Ecker Capital, Inc
| United States of America
| United States of America dollar
|
Drone as a Service, Inc.
| United States of America
| United States of America dollar
|
DroneAsAService.com Drone Services Inc.
| Canada
| Canada dollar
|
ZenaDrone Trading L.L.C.
| United Arab Emirates
| United Arab Emirates Dirham
|
ZenaDrone Manufacturing (FZE)
| United Arab Emirates
| United Arab Emirates Dirham
|
Spider Vision Sensors, Ltd.
| Taiwan
| New Taiwan dollar
|
Weddle Surveying Inc.
| United States of America
| United States of America dollar
|
Casado Design Limited
| United Kingdom
| United Kingdom pound
|
Empire Land Surveying, Inc.
| United States of America
| United States of America dollar
|
Morgan Land Services, Inc.
| United States of America
| United States of America dollar
|
Cardinal Survey & Design, Inc.
| United States of America
| United States of America dollar
|
A & J Land Surveyors, Inc.
| United States of America
| United States of America dollar
|
Survey East, Inc. (d/b/a Miller Land Surveying)
| United States of America
| United States of America dollar
|
3232605 Nova Scotia Limited (d/b/a Sunrise Window Cleaners)
| Canada
| Canada dollar
|
Vara 3D, Inc.
| United States of America
| United States of America dollar
|
Laventure & Associates, Inc.
| United States of America
| United States of America dollar
|
Atlantic Civil Engineering, Inc.
| United States of America
| United States of America dollar
|
DaaS SW, Incorporated
| United States of America
| United States of America dollar
|
L. D. King Engineering Co., Inc.
| United States of America
| United States of America dollar
|
Drone as a Service Franchise, Inc.
| United States of America
| United States of America dollar
|
Zena AI, Inc.
| United States of America
| United States of America dollar
|
Drone as a Service.com Pty Ltd
| Australia
| Australian Dollar
|
ZenaDrone Inc.
| Canada
| Canada dollar
|
PsPortals, Inc.
| United States of America
| United States of America dollar
|
Interactive Systems, Inc.
| United States of America
| United States of America dollar
|
interlinkONE, Inc.
| United States of America
| United States of America dollar
|
ZooOffice, Inc.
| United States of America
| United States of America dollar
|
KJM Land Surveying, Inc.
| United States of America
| United States of America dollar
|
Wallace Surveying Corporation
| United States of America
| United States of America dollar
|
Lescure Engineers, Inc.
| United States of America
| United States of America dollar
|
Putt Land Surveying, Inc.
| United States of America
| United States of America dollar
|
Rampart Surveys Inc.
| United States of America
| United States of America dollar
|
Smith Surveying, Inc.
| United States of America
| United States of America dollar
|
Holt Surveying & Mapping, Inc.
| United States of America
| United States of America dollar
|
Andrew Spiewak Land Surveyor, Inc.
| United States of America
| United States of America dollar
|
ZenaDrone Havacilik Hizmetleri Lmt.
| Turkey
| Turkish Lira
|
Financial statements of subsidiaries for which the functional currency is not the Canadian dollar are translated into Canadian dollars as follows: all asset and liability accounts are translated at the year-end exchange rate; all earnings and expense accounts and as well as cash