v3.26.1
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income Taxes [Abstract]  
Schedule of Canadian Federal and Provincial Income Statutory Corporate Tax Rate
The following is a reconciliation of income taxes calculated at the combined Canadian federal and provincial income statutory corporate tax rate of 27.0% to the tax expense:
 
    
2025
    
2024
 
    
$
    
$
 
US net income (loss) before taxes
     423,063        (1,756,965
Canada net income (loss) before taxes
     (8,585,196      (5,911,485
  
 
 
    
 
 
 
Net income (loss) before taxes
     (8,162,133      (7,668,450
  
 
 
    
 
 
 
Income tax expense (recovery) at the statutory rate
     (2,229,159      (1,966,981
Increase (reduction) in income taxes resulting from:
     
Change in valuation allowance
     4,167,827        1,625,998  
State taxes
     76,974        (21,942
Permanent differences
     34,335        39,252  
True up to the return
     2,982        (303,595
State Rate Change
     8,086        2,949  
Foreign exchange differences
     (1,589,832      618,907  
Share issuance cost capitalized in equity
     (492,446      (123,415
Other
     21,233        135,927  
  
 
 
    
 
 
 
Income tax expense
      —        7,100  
  
 
 
    
 
 
 
Schedule of Deferred Tax Assets and Liabilities
Deferred tax assets and liabilities are as follows:
 
    
2025
    
2024
 
    
$
    
$
 
Non-capital
losses
     25,463,223        21,501,476  
Financing costs
     733,014        861,867  
Accrued expenses
     61,845        12,831  
Intangible assets, net
     496,440        146,193  
Tax credits
     221,406        241,270  
Lease liability
     108,525        164,288  
  
 
 
    
 
 
 
     27,084,453        22,927,925  
  
 
 
    
 
 
 
Intangible assets, net
     (57,977       —  
Property and equipment, net
     (98,627      (116,231
Lease obligations
     (106,029      (157,701
  
 
 
    
 
 
 
     (262,633      (273,932
  
 
 
    
 
 
 
Net deferred tax asset
     26,821,820        22,653,993  
Valuation allowance
     (26,821,820      (22,653,993
  
 
 
    
 
 
 
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