v3.26.1
Condensed Interim Consolidated Statements of Cash Flow (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
May 31, 2026
May 31, 2025
May 31, 2026
May 31, 2025
Aug. 31, 2025
Operating activities          
Net loss for the period $ 25,250,083 $ (557,736) $ (1,346,969) $ (1,814,112)  
Adjustments for the following non-cash items:          
Depreciation of property and equipment     32,363 64,201  
Bad debt written off     18,050  
Staking income (399,134) (620,849)  
Amortization of intangible assets     600,419 430,391  
Depreciation on right of use asset     124,363 154,399  
Interest expense on lease liability     29,257 39,601  
Derivative liability     65,241  
Financing cost - warrants     1,325,558  
Share-based compensation     142,000  
Change in fair value of warrant liability     (467,408) 341,765  
Fair value (gain)/loss on digital assets     (2,809,970)  
Foreign exchange gain (loss)     (1,905)  
Net changes in non-cash working capital balances:          
Trade and other receivables     (378,071) (25,238)  
Prepaid expenses and deposits     (414,554) 76,090  
Accounts payable and accrued liabilities     (811,600) 337,367  
Deferred government incentive     (79,056) (81,164)  
Deferred revenue     (30,182) 39,407  
Net cash used in operating activities     (4,621,408) (439,198)  
Financing activities          
Share capital issuance     19,915,960 1,360,214  
Share repurchase     (660,336)  
Proceeds from director’s loan     633,259  
Proceeds from warrant exercise     15,038  
Repayment of director loans     (613,700)  
Proceeds from loans payable     21,442,877  
Repayment of lease obligations     (134,085) (157,146)  
Net cash provided by financing activity     39,965,754 1,836,327  
Investing activities          
Additions to intangible assets     (554,464) (811,443)  
Loan receivable     (12,002,619)  
Additions to property and equipment     (1,944)  
Purchase of digital assets     (14,645,990)  
Purchase of digital assets acquired through account payable     345,734  
Net cash used in investing activity     (26,859,283) (811,443)  
Net change in cash     8,485,063 585,686  
Effect of changes in foreign exchange rates     (88,407) (31,459)  
Cash, beginning of period     2,117,371 580,356 $ 580,356
Cash and restricted cash, end of period $ 10,514,027 $ 1,134,583 10,514,027 1,134,583 $ 2,117,371
Supplemental cash-flow information          
Cash paid for interest     50,844 306,267  
Cash received for interest     61,847  
Cash paid for income tax      
Noncash transaction          
Common shares issued in exchange for digital assets under the PIPE     31,323,740    
Equity-classified Meteora warrants issued for advisory services     1,382,558    
Common shares issued in exchange for legal services     142,000    
Loan receivable and corresponding related-party loan payable recognized under the Injective Foundation collateral arrangement     2,002,619    
Unsettled spot purchases recognized through accounts payable     345,734    
Warrant liability transferred to equity upon exercise     $ 20,388