v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jul. 31, 2025
Dec. 31, 2024
Jul. 31, 2024
Current assets            
Cash and cash equivalents   $ 1,047,539 $ 154,937      
Restricted cash   4,295 4,295      
Accounts receivable, net   1,150,086 24,550,762      
Other receivable   950,000 1,076,080      
Inventory, net   38,752 337,971      
Other current assets   294,465 784,645      
Total current assets   4,225,054 27,648,607      
Security deposit   300,000 1,500,000      
Property, plant and equipment   398,438,283 390,323,968      
TOTAL ASSETS   402,963,337 419,472,575      
Current liabilities            
Accounts payable   29,168,907 48,122,947      
Loans payable to related party   593,231 593,231      
Notes payable, current portion   121,254,888 121,915,613      
Warrant liabilities   5,316,300 751,800      
Accrued expenses and other current liabilities   71,802,763 60,928,865      
Total current liabilities   244,838,071 249,014,438      
Financial liability, net of closing costs   132,815,971 132,806,188      
TOTAL LIABILITIES   377,654,042 381,820,626      
Commitments and contingencies (Note 11)        
STOCKHOLDERS’ EQUITY            
Preferred stock        
Common Stock   29,092 20,646      
Additional paid-in capital   59,818,303 54,356,988      
Accumulated deficit   (34,538,100) (16,725,685)      
TOTAL STOCKHOLDERS’ EQUITY   25,309,295 37,651,949   $ 41,435,227  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   402,963,337 419,472,575      
Related Party            
Current assets            
Related party receivables   739,917 739,917      
Current liabilities            
Related party payable   $ 16,701,982 16,701,982      
Previously Reported            
Current assets            
Cash and cash equivalents     154,937   407,182  
Restricted cash     4,295   5,824  
Accounts receivable, net     24,550,762    
Related party receivables     739,917    
Inventory, net     337,971    
Other current assets     784,645   62,419  
Total current assets     27,648,607   1,425,425  
Security deposit     1,500,000   1,500,000  
Property, plant and equipment     390,323,968   351,702,307  
TOTAL ASSETS     419,472,575   354,627,732  
Current liabilities            
Accounts payable     40,277,568   8,474,052  
Related party payable     16,701,982   38,932,248  
Professional fees payable     10,542,379    
Loans payable to related party     593,231   2,350,000  
Notes payable, current portion     121,915,613   110,304,484  
Warrant liabilities     751,800    
Accrued expenses and other current liabilities     58,231,865   20,364,663  
Total current liabilities     249,014,438   180,425,447  
Financial liability, net of closing costs     132,806,188   132,767,058  
TOTAL LIABILITIES     381,820,626   313,192,505  
Commitments and contingencies (Note 11)        
STOCKHOLDERS’ EQUITY            
Preferred stock        
Common Stock     20,646   140,228  
Additional paid-in capital     54,356,988   70,313,190  
Accumulated deficit     (16,725,685)   (29,018,191)  
TOTAL STOCKHOLDERS’ EQUITY     37,651,949   41,435,227  
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY     419,472,575   354,627,732  
Previously Reported | Nonrelated Party            
Current assets            
Other receivable     $ 1,076,080   $ 950,000  
DevvStream Corp.            
Current assets            
Cash and cash equivalents $ 201,132     $ 3,446,111   $ 21,106
Total current assets 1,198,970     4,337,627   141,905
Property, plant and equipment         953
TOTAL ASSETS 5,792,422     11,871,295   142,858
Current liabilities            
Accounts payable 9,672,211     10,682,665   6,097,902
Warrant liabilities 431,270     5,626,473  
Total current liabilities 18,091,852     18,750,355   8,504,268
TOTAL LIABILITIES 18,091,852     31,464,840   8,504,268
STOCKHOLDERS’ EQUITY            
Common Stock      
Additional paid-in capital 30,702,600     14,174,914   13,321,266
Series A preferred stock subscription 900,000        
Subscription receivable (20,000)     (20,000)  
Accumulated other comprehensive income (loss) 44,855     45,001   43,553
Accumulated deficit (43,926,885)     (33,793,460)   (21,726,229)
TOTAL STOCKHOLDERS’ EQUITY (12,299,430)     (19,593,545)   (8,361,410)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 5,792,422     11,871,295   142,858
Current liabilities            
Mandatory convertible debentures         127,500
Current assets            
Trade receivable 7,229     7,360  
GST receivable 131,376     140,646   85,658
Corporate taxes receivable 171,573     171,573  
Deferred financing costs 138,720     138,720  
Prepaid expenses 272,140     175,896   35,141
Deposit on carbon credits purchase 164,191     173,649  
Carbon credits 112,609     83,672  
Restricted cash 79,990     6,405,000  
Cryptocurrencies – restricted 2,738,489        
Long-term advances 900,000        
Deferred financing costs, long-term 69,170     172,925  
Deposit on carbon credits purchase, long-term 207,212     247,754  
Investment in associate 598,591     707,989  
Current liabilities            
Accounts payable and accrued liabilities – related parties 34,271     794,990   478,072
Convertible debentures 4,660,394        
Convertible debentures – related parties       375,027   881,544
Default penalty liability on convertible debt 1,159,038        
Derivative liabilities     72,500   919,250
Stock option liabilities 6,735     133,465  
Stop loss provision liabilities 1,123,777     1,065,235  
Promissory note payable 536,482        
Deferred financing benefit 78,773        
Convertible debentures, long term       8,800,339  
Convertible debentures – related parties, long term       3,914,146  
DevvStream Corp. | Related Party            
Current liabilities            
Convertible debentures 388,901     375,027    
Convertible debentures – related parties 388,901     375,027    
Convertible debentures, long term     3,914,146    
Convertible debentures – related parties, long term     3,914,146    
DevvStream Corp. | Nonrelated Party            
Current liabilities            
Convertible debentures 4,660,394        
Convertible debentures, long term     $ 8,800,339