The following table provides a reconciliation of movements of liabilities to cash flows arising from financing activities and balances at June 30, 2026:

Schedule of reconciliation of liabilities 

During 2024, the Company executed two equipment financing loans to purchase $337 of computer equipment. The Company paid a down payment of $27 and financed $240 at a 12.21% interest rate per annum with a monthly payment of $8 and $70 at a 13.00% interest rate per annum with a monthly payment of $2. Each loan is for 36 months. During the fourth quarter of 2025, the Company executed another equipment financing loan to purchase $524 of computer equipment and $567 of maintenance financed at 7.21% interest rate per annum with a monthly payment of $22 for 60 months. During the second quarter of 2026, the Company executed an equipment financing loan to purchase $619 of computer equipment financed at 6.76% interest rate per annum with a monthly payment of $12 for 60 months.

Reimbursable project development funds provided by a corporation designed to enable the development and commercialization of geomatics solutions in Canada. The funding was repayable upon the completion of a specific development project and the first sale of any of the resulting product(s). Repayment was made in quarterly installments equal to the lesser of 20% of the funding amount or 25% of the prior quarter’s sales. During April 2026, the Company entered into a settlement agreement with the lender to extinguish its project financing loan. Under the terms of the agreement, the Company paid a cash settlement of CDN$60 thousand for the full and final settlement of the outstanding obligation of CDN$240 thousand. As a result of the settlement, the Company recognized a gain on extinguishment of debt of $132 in its condensed consolidated interim statements of loss and comprehensive loss.