| Schedule of right-of-use asset |
The
following schedule shows the movement in the Company’s right-of-use asset:
Schedule of right-of-use asset
| | |
Right-of-use
asset | |
| | |
| |
| Balance, August 31, 2024 | |
| 1,134,984 | |
| Derecognition of asset | |
| (139,723 | ) |
| Translation adjustment | |
| (28,716 | ) |
| Balance, August 31, 2025 | |
$ | 966,545 | |
| Translation adjustment | |
| 8,616 | |
| Balance, May 31, 2026 | |
$ | 975,161 | |
The
right-of-use asset is being depreciated on a straight-line basis over the remaining lease term.
| Accumulated
Depreciation | |
| |
| Balance, August 30, 2024 | |
$ | 306,310 | |
| Depreciation | |
| 187,048 | |
| Derecognition of asset | |
| (54,337 | ) |
| Translation adjustment | |
| (2,639 | ) |
| Balance, August 31, 2025 | |
$ | 436,382 | |
| Depreciation | |
| 124,363 | |
| Translation adjustment | |
| (30,342 | ) |
| Balance, May 31, 2026 | |
$ | 530,403 | |
| | |
| | |
| Carrying Amount | |
| | |
| May 31, 2026 | |
$ | 444,758 | |
| August 31, 2025 | |
$ | 530,163 | |
|
| Schedule of lease liability |
The
following schedule shows the movement in the Company’s lease liability during the period ended:
Schedule of lease liability
| | |
May
31, 2026 | | |
August
31, 2025 | |
| | |
| | |
| |
| Balance, beginning of year | |
$ | 699,959 | | |
$ | 977,107 | |
| Derecognition of lease | |
| - | | |
| (85,151 | ) |
| Interest expense | |
| 29,257 | | |
| 51,431 | |
| Lease payments | |
| (134,085 | ) | |
| (206,185 | ) |
| Translation adjustment | |
| 6,754 | | |
| (37,242 | ) |
| Balance, end of period | |
$ | 601,885 | | |
$ | 699,959 | |
| | |
| | | |
| | |
| Current | |
| 146,338 | | |
| 138,859 | |
| Non-current | |
| 455,547 | | |
| 561,100 | |
| | |
$ | 601,885 | | |
$ | 699,959 | |
|
| Schedule of maturity lease liability |
The
following table provides a maturity analysis of the Company’s lease liability. The amounts disclosed in the maturity analysis are
the contractual undiscounted cash flows before deducting interest or finance charges:
Schedule of maturity lease liability
| | |
| | |
| 2026 | |
| 44,673 | |
| 2027 | |
| 178,690 | |
| 2028 | |
| 189,959 | |
| 2029 | |
| 198,008 | |
| 2030 | |
| 82,503 | |
| Total
lease liability | |
$ | 693,833 | |
|