v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Jan. 31, 2026
Dec. 31, 2025
Jul. 31, 2025
Dec. 31, 2024
Jul. 31, 2024
Current assets            
Cash and cash equivalents $ 1,047,539   $ 154,937      
Restricted cash 4,295   4,295      
Accounts receivable, net 1,150,086   24,550,762      
Other receivable 950,000   1,076,080      
Inventory, net 38,752   337,971      
Other current assets 294,465   784,645      
Total current assets 4,225,054   27,648,607      
Security deposit 300,000   1,500,000      
Property, plant and equipment 398,438,283   390,323,968      
Total assets 402,963,337   419,472,575      
Current liabilities            
Accounts payable 29,168,907   48,122,947      
Loans payable to related party 593,231   593,231      
Notes payable, current portion 121,254,888   121,915,613      
Warrant liabilities 5,316,300   751,800      
Accrued expenses and other current liabilities 71,802,763   60,928,865      
Total current liabilities 244,838,071   249,014,438      
Financial liability, net of closing costs 132,815,971   132,806,188      
Total liabilities 377,654,042   381,820,626      
STOCKHOLDERS’ EQUITY            
Preferred stock        
Common Stock 29,092   20,646      
Additional paid-in capital 59,818,303   54,356,988      
Accumulated deficit (34,538,100)   (16,725,685)      
TOTAL STOCKHOLDERS’ EQUITY 25,309,295   37,651,949   $ 41,435,227  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 402,963,337   419,472,575      
Related Party            
Current assets            
Related party receivables 739,917   739,917      
Current liabilities            
Related party payable $ 16,701,982   16,701,982      
Previously Reported            
Current assets            
Cash and cash equivalents     154,937   407,182  
Restricted cash     4,295   5,824  
Accounts receivable, net     24,550,762    
Related party receivables     739,917    
Inventory, net     337,971    
Other current assets     784,645   62,419  
Total current assets     27,648,607   1,425,425  
Security deposit     1,500,000   1,500,000  
Property, plant and equipment     390,323,968   351,702,307  
Total assets     419,472,575   354,627,732  
Current liabilities            
Accounts payable     40,277,568   8,474,052  
Related party payable     16,701,982   38,932,248  
Loans payable to related party     593,231   2,350,000  
Notes payable, current portion     121,915,613   110,304,484  
Warrant liabilities     751,800    
Accrued expenses and other current liabilities     58,231,865   20,364,663  
Total current liabilities     249,014,438   180,425,447  
Financial liability, net of closing costs     132,806,188   132,767,058  
Total liabilities     381,820,626   313,192,505  
Commitments and contingencies (Note 11)        
STOCKHOLDERS’ EQUITY            
Preferred stock        
Common Stock     20,646   140,228  
Additional paid-in capital     54,356,988   70,313,190  
Accumulated deficit     (16,725,685)   (29,018,191)  
TOTAL STOCKHOLDERS’ EQUITY     37,651,949   41,435,227  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY     419,472,575   354,627,732  
LIABILITIES AND STOCKHOLDERS’ EQUITY            
Professional fees payable     10,542,379    
Previously Reported | Nonrelated Party            
Current assets            
Other receivable     $ 1,076,080   $ 950,000  
DevvStream Corp            
Current assets            
Cash and cash equivalents   $ 815,707   $ 3,446,111   $ 21,106
Total current assets   2,041,813   4,337,627   141,905
Property, plant and equipment         953
Total assets   7,332,547   11,871,295   142,858
Current liabilities            
Accounts payable   10,212,784   10,682,665   6,097,902
Warrant liabilities   1,868,874   5,626,473  
Total current liabilities   26,423,648   18,750,355   8,504,268
Total liabilities   26,607,679   31,464,840   8,504,268
STOCKHOLDERS’ EQUITY            
Common Stock      
Additional paid-in capital   18,429,564   14,174,914   13,321,266
Accumulated deficit   (37,729,569)   (33,793,460)   (21,726,229)
TOTAL STOCKHOLDERS’ EQUITY   (19,275,132)   (19,593,545)   (8,361,410)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   7,332,547   11,871,295   142,858
Current assets            
Trade receivable   7,700   7,360  
GST receivable   158,187   140,646   85,658
Corporate taxes receivable   171,573   171,573  
Deferred financing costs   138,720   138,720  
Prepaid expenses   511,149   175,896   35,141
Deposit on carbon credits purchase   123,649   173,649  
Carbon credits   115,128   83,672  
Restricted cash   1,279,900   6,405,000  
Cryptocurrencies – restricted   3,052,273      
Deferred financing costs, long-term   102,995   172,925  
Deposit on carbon credits purchase, long-term   247,754   247,754  
Investment in associate   607,812   707,989  
Current liabilities            
Accounts payable and accrued liabilities – related parties   90,318   794,990   478,072
Convertible debentures – related parties       375,027   881,544
Derivative liabilities   74,000   72,500   919,250
Stock option liabilities   32,042   133,465  
Stop loss provision liabilities   1,114,575   1,065,235  
Convertible debentures, long term       8,800,339  
Convertible debentures – related parties, long term       3,914,146  
Shareholders’ deficiency            
Subscription receivable   (20,000)   (20,000)  
Accumulated other comprehensive income   44,873   45,001   43,553
Current liabilities            
Mandatory convertible debentures         $ 127,500
DevvStream Corp | Related Party            
Current liabilities            
Convertible debentures – related parties   4,393,363   375,027    
Convertible debentures – related parties   4,393,363   375,027    
Convertible debentures, long term   184,031   3,914,146    
Convertible debentures – related parties, long term   184,031   3,914,146    
DevvStream Corp | Nonrelated Party            
Current liabilities            
Convertible debentures – related parties   8,637,692      
Convertible debentures, long term     $ 8,800,339