v3.26.1
Consolidated Statements of Financial Position - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current    
Cash $ 328,086 $ 344,244
Accounts receivable, net of allowances 331,822 541,793
Current portion of finance lease receivables 57,982 45,473
Inventory 23,825,379 25,601,888
Restricted deposit 407,726 0
Prepaids and deposits 362,064 1,241,670
Total current assets 25,313,059 27,775,068
Non-current    
Finance lease receivables 33,945 91,455
Right of use assets 4,569,336 5,479,555
Property and equipment 718,557 1,310,581
Restricted deposit 0 415,065
Prepaids and deposit 53,322 0
Other assets 0 1
Total non-current assets 5,375,160 7,296,657
Total assets 30,688,219 35,071,725
Current    
Line of credit 1,452,615 5,983,572
Revolving term loan facility 3,591,924 3,591,354
Term loan facility 1,628,858 0
Accounts payable and accrued liabilities 3,891,760 3,719,716
Current portion of deferred revenue 2,576,050 3,279,536
Current portion of lease liabilities 811,034 633,035
Current portion of loans payable to related parties 100,000 1,334,720
Series A convertible preferred share liability 1,643,214 0
Current portion of warranty liability 817,482 816,326
Current portion of other liabilities 8,567 0
Contingent liability 0 310,000
Total current liabilities 16,521,504 19,668,259
Non-current    
Convertible debentures 5,654,279 0
Deferred revenue 0 6,858,820
Lease liabilities 4,741,229 5,535,051
Loans payable to related parties 519,436 2,849,325
Other liabilities 0 17,133
Warranty liability 1,702,977 1,749,103
Total non-current liabilities 12,617,921 17,009,432
Total Liabilities 29,139,425 36,677,691
Equity (deficiency)    
Share capital 86,544,102 80,538,262
Reserves 16,831,295 15,239,622
Equity portion of convertible debentures 1,097,308 0
Accumulated other comprehensive income 112,999 39,657
Accumulated deficit (103,036,910) (97,423,507)
Total equity 1,548,794 (1,605,966)
Total Liabilities and Equity $ 30,688,219 $ 35,071,725