4. Equipment
The following is a summary of equipment, net:
| | | | | | | | | | | | | | | | | |
|
March 31, 2026
|
| |
Cost
|
|
| |
Accumulated
depreciation
|
|
| |
Write-off
|
|
| |
Net book
value
|
|
| |
| |
$
|
|
| |
$
|
|
| |
$
|
|
| |
$
|
|
|
Furniture and office equipment
|
| | — |
|
| |
— |
|
| |
— |
|
| |
— |
|
|
Computer equipment
|
| | 3 |
|
| |
(2 |
) |
| |
— |
|
| |
1 |
|
|
Software
|
| | 19 |
|
| |
(12 |
) |
| |
— |
|
| |
7 |
|
| |
| | 22 |
|
| |
(14 |
) |
| |
— |
|
| |
8 |
|
| | | | | | | | | | | | | | | | | |
|
March 31, 2025
|
| |
Cost
|
|
| |
Accumulated
depreciation
|
|
| |
Write-off
|
|
| |
Net book
value
|
|
| |
| |
$
|
|
| |
$
|
|
| |
|
|
| |
$
|
|
|
Furniture and office equipment
|
| | 2 |
|
| |
(1 |
) |
| |
(1 |
) |
| |
— |
|
|
Computer equipment
|
| | 5 |
|
| |
(2 |
) |
| |
(1 |
) |
| |
2 |
|
|
Software
|
| | 19 |
|
| |
(6 |
) |
| |
— |
|
| |
13 |
|
| |
| | 26 |
|
| |
(9 |
) |
| |
(2 |
) |
| |
15 |
|
Depreciation expense was $7 for the years ended March 31, 2026 and 2025, respectively.
|