v3.26.1
Consolidated statements of financial position - USD ($)
May 31, 2026
Aug. 31, 2025
Current    
Cash and cash equivalents [note 5] $ 814,205 $ 7,418,779
Restricted cash [note 5] 400,000 0
Trade and other receivables [note 6] 473,595 483,184
Income tax receivable 23,790 9,058
Inventories [note 7] 20,732,131 36,871,647
Prepaid expenses and deposits to suppliers [note 7] 3,794,604 3,771,918
Share subscription receivable [note 17] 103,795 28,526
Proceeds receivable from related parties [note 17] 6,556,314 10,389,917
Total current assets 32,898,434 58,973,029
Right-of-use assets [note 8] 8,619,943 7,070,321
Property and equipment [note 9] 2,907,119 3,307,055
Intangibles [note 10] 487,829 481,197
Goodwill [note 4] 190,935  
Deferred income taxes 9,528  
Other financial assets 128,876 81,655
Total assets 45,242,664 69,913,257
Current    
Trade and other payables [notes 11 & 17] 8,339,672 8,607,790
Provision on onerous contracts 66,435 66,706
Contract liabilities [note 12] 3,633,851 5,674,870
Floor plan financing [note 14] 10,168,501 32,511,664
Amounts due to related parties [note 17] 60,000  
Current portion of lease liabilities [note 13] 2,528,280 1,666,853
Current portion of long-term debt [note 15] 1,201,224 657,110
Current portion of derivative liabilities [note 16] 40,666 510,238
Total current liabilities 26,038,629 49,695,231
Lease liabilities [note 13] 6,390,401 5,338,738
Long-term debt [note 15] 1,127,690 1,373,885
Purchase consideration payable to related party [notes 16 and 17] 5,659,921 5,048,506
Deferred income taxes   5,895
Total liabilities 39,216,641 61,462,255
Shareholders' equity    
Capital stock [note 18] 76,151,941 67,144,672
Contributed surplus [note 19] 12,358,583 11,785,399
Accumulated other comprehensive income 987,030 1,102,489
Deficit (83,471,531) (71,581,558)
Total shareholders' equity 6,026,023 8,451,002
Total shareholders' equity and liabilities $ 45,242,664 $ 69,913,257