Intangible assets

9 Months Ended

May 31, 2026

10. Intangible assets


		Intellectual						Trade
		Property		Software		Patents		name		Backlog		Website		Total
		$		$		$		$		$		$		$
Cost
Balance at August 31, 2024		772,225		76,181		46,932		77,335		62,794		14,872		1,050,339
Additions		—		—		99,407		—		—		—		99,407
Business acquisition		—		—		—		270,448		—		—		270,448
Currency translation		(7,542)		270		(1,403)		26		—		—		(8,649)
Balance at August 31, 2025		764,683		76,451		144,936		347,809		62,794		14,872		1,411,545
Additions		—		—		95,644		—		—		—		95,644
Currency translation		(101)		(114)		(550)		(5)		—		—		(770)
Balance at May 31, 2026		764,582		76,337		240,030		347,804		62,794		14,872		1,506,419

Accumulated depreciation
Balance at August 31, 2024		276,363		38,204		947		42,055		40,817		8,180		406,566
Depreciation		82,806		10,337		8,464		26,182		12,560		2,976		143,325
Impairment loss		380,457		—		—		—		—		—		380,457
Balance at August 31, 2025		739,626		48,541		9,411		68,237		53,377		11,156		930,348
Depreciation		3,469		6,976		13,995		52,153		9,417		2,232		88,242
Balance at May 31, 2026		743,095		55,517		23,406		120,390		62,794		13,388		1,018,590

Net carrying amount
As at August 31, 2025		25,057		27,910		135,525		279,572		9,417		3,716		481,197
As at May 31, 2026		21,487		20,820		216,624		227,414		—		1,484		487,829

During the year ended August 31, 2025, the Company acquired NVG which resulted in the recognition of the subsidiary’s brand name as an intangible asset valued at $270,448.

During the nine-month period ended May 31, 2026, the Company completed four patent applications for a cash consideration of $95,644. During the year ended August 31, 2025, the Company completed seven patent applications for a cash consideration of $99,407.

During the year ended August 31, 2025, the Company identified indicators of impairment relating to the intellectual property (“IP”) associated with its E-Motion™ Electric Powertrain System. The impairment is primarily due to the limited historical revenues generated from this technology and updated cash flow projections. In accordance with IAS 36, Impairment of Assets, the Company estimated the recoverable amount of the IP as the higher of value-in-use and fair value less costs of disposal. In addition, the Company performed a calculation of the recoverable amount using an income approach under the relief-from-royalty method. Based on this analysis, the recoverable amount of the IP was determined to be $25,057, compared to a carrying amount of $411,690, resulting in the recognition of an impairment loss of $380,457 during the year.