Right-of-use assets and lease liabilities

12 Months Ended

Jun. 30, 2026

Notes and other explanatory information [abstract]

Right-of-use assets and lease liabilities

13.

Right-of-use assets and lease liabilities:

The continuity of the right-of-use assets as of June 30, 2026 and 2025 is as follows:

Schedule of right of use assets

Right-of-use asset		Office				Vehicle				IPP facilities				Total
Cost:
Balance, June 30, 2025 (Restated – note 2(e)(ii))		$	561			$	33			$	11,663			$	12,257
Addition from acquisition (note 19)
Adjustment (note 2(e)(ii))
Additions			126				81				324				531
Change in asset retirement cost			-				-				38				38
Modifications			27				-				-				27
Foreign currency impact			-				-				11				11
Balance, June 30, 2026		$	714			$	114			$	12,036			$	12,864

Accumulated Depreciation:
Balance, June 30, 2025		$	202			$	8			$	770			$	980
Modifications
Depreciation			171				28				1,095				1,294
Balance, June 30, 2026		$	373			$	36			$	1,865			$	2,274
Net Book Value, June 30, 2026		$	341			$	78			$	10,171			$	10,590

Right-of-use asset		Office				Vehicle				IPP facilities				Total
Cost:
Balance, June 30, 2024		$	314			$	-			$	947			$	1,261
Cost, beginning balance		$	314			$	-			$	947			$	1,261
Addition from acquisition (note 19)			-				-				8,168				8,168
Additions – asset retirement cost			-				-				123				123
Additions			-				33				-				33
Adjustment (note 2(e)(ii))			264				-				2,425				2,689
Modifications			(17	)			-				-				(17	)
Balance, June 30, 2025 (Restated – note 2(e)(ii))		$	561			$	33			$	11,663			$	12,257
Cost, ending balance		$	561			$	33			$	11,663			$	12,257

Accumulated Depreciation:
Balance, June 30, 2024		$	124			$	-			$	52			$	176
Accumulated depreciation, beginning balance		$	124			$	-			$	52			$	176
Modifications			(5	)			-				-				(5	)
Depreciation			83				8				718				809
Balance, June 30, 2025		$	202			$	8			$	770			$	980
Accumulated depreciation, ending balance		$	202			$	8			$	770			$	980
Net Book Value, June 30, 2025 (Restated – note 2(e)(ii))		$	359			$	25			$	10,893			$	11,277
Right-of-use assets		$	359			$	25			$	10,893			$	11,277

POWERBANK CORPORATION

Notes to Consolidated Financial Statements

(Expressed in thousands of Canadian dollars, except per share amounts and as otherwise indicated)

For the years ended June 30, 2026, 2025 and 2024

13.

Right-of-use assets and lease liabilities (continued):

IPP facilities depreciation expense of $1,095, $718 and $52 was recorded in cost of goods sold for the years ended June 30, 2026, 2025 and 2024, respectively. The remaining depreciation expense of $199, $91 and $71 for those years, respectively, was recorded under operating expenses.

The continuity of the lease liabilities as of June 30, 2026 and 2025 is as follows:

Schedule of lease liabilities

Lease liabilities		Office				Vehicle				IPP facilities				Total
Balance, June 30, 2025 (Restated – note 2(e)(ii))		$	378			$	25			$	8,068			$	8,471
Additions from acquisition (note 19)
Additions adjustment (note 2(e)(ii))
Additions			126				81				324				531
Modifications			(3	)			-				-				(3	)
Payments			(198	)			(28	)			(883	)			(1,109	)
Foreign currency impact			-				-				20				20
Interest accretion			59				3				450				512
Balance, June 30, 2026		$	362			$	81			$	7,979			$	8,422
Current			125				42				1,191				1,358
Non-current			237				39				6,788				7,064
Balance, June 30, 2026		$	362			$	81			$	7,979			$	8,422

Lease liabilities		Office				Vehicle				IPP facilities				Total
Balance, June 30, 2024		$	230			$	-			$	912			$	1,142
Lease liabilities, beginning balance		$	230			$	-			$	912			$	1,142
Additions from acquisition (note 19)			-				-				7,043				7,043
Additions			-				33				-				33
Additions adjustment (note 2(e)(ii))			264				-				526				790
Modifications			(17	)			-				-				(17	)
Payments			(114	)			(10	)			(857	)			(981	)
Interest accretion			15				2				444				461
Balance, June 30, 2025 (Restated – note 2(e)(ii))		$	378			$	25			$	8,068			$	8,471
Lease liabilities, ending balance		$	378			$	25			$	8,068			$	8,471
Current (Restated – note 2(e)(ii))			100				11				894				1,005
Lease liabilities, current			100				11				894				1,005
Non-current (Restated – note 2(e)(ii))			278				14				7,174				7,466
Lease liabilities, non-current			278				14				7,174				7,466
Balance, June 30, 2025 (Restated – note 2(e)(ii))		$	378			$	25			$	8,068			$	8,471
Lease liabilities		$	378			$	25			$	8,068			$	8,471

The maturity analysis of the Company’s contractual undiscounted lease liabilities as of June 30, 2026 is as follows:

Schedule of lease liability maturities


July 1, 2026 – June 30, 2027		$	1,520
July 1, 2027 – June 30, 2028			1,093
July 1, 2028 – June 30, 2029			1,067
July 1, 2029 – June 30, 2030			934
July 1, 2030 onward			6,458
Total		$	11,072

POWERBANK CORPORATION

Notes to Consolidated Financial Statements

(Expressed in thousands of Canadian dollars, except per share amounts and as otherwise indicated)

For the years ended June 30, 2026, 2025 and 2024