The following table summarizes changes in the Company’s lease obligation related to the Company’s office lease. | | | | | | Lease Obligations | Balance, April 1, 2024 | | $ | 1,315 | Addition | | | 283 | Interest accrual | | | 125 | Interest received or paid | | | (125) | Lease repayment | | | (271) | Foreign exchange impact | | | 4 | Balance, March 31, 2025 | | $ | 1,331 | Addition | | | — | Change due to lease modifications | | | 59 | Interest accrual | | | 99 | Interest paid | | | (99) | Lease repayment | | | (258) | Foreign exchange impact | | | 36 | Balance, March 31, 2026 | | $ | 1,168 | Less: current portion | | | 286 | Non-current portion | | $ | 882 |
The following table presents a reconciliation of the Company’s undiscounted cash flows to their present value for its lease obligation as at March 31, 2026: | | | | | | Lease Obligations | Within 1 year | | $ | 330 | Between 2 to 5 years | | $ | 1,026 | Over 5 years | | | — | Total undiscounted amount | | | 1,356 | Less future interest | | | (188) | Total discounted amount | | $ | 1,168 | Less: current portion | | | 286 | Non-current portion | | $ | 882 |
The lease obligations were discounted at discount rates ranging from 7.0% to 15.6% as at March 31, 2026 (March 31, 2025 - 7.0% to 15.6%).
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