| Intangible assets |
Schedule of intangible assets
| | |
FIT contracts | | |
BESS contracts | | |
Total | |
| Cost: | |
| | | |
| | | |
| | |
| Balance, June 30, 2025 | |
$ | 18,900 | | |
$ | 4,130 | | |
$ | 23,030 | |
| Additions | |
| - | | |
| - | | |
| - | |
| Amortization | |
| | | |
| | | |
| | |
| Impairment | |
| | | |
| | | |
| | |
| Balance, June 30, 2026 | |
$ | 18,900 | | |
$ | 4,130 | | |
$ | 23,030 | |
| | |
| | | |
| | | |
| | |
| Accumulated amortization: | |
| | | |
| | | |
| | |
| Balance, June 30, 2025 (Restated – note 2(e)(i)) | |
$ | 3,117 | | |
$ | 646 | | |
$ | 3,763 | |
| Amortization | |
| 1,392 | | |
| 19 | | |
| 1,411 | |
| Impairment (note 25) | |
| 132 | | |
| 616 | | |
| 748 | |
| Reallocation of impairment loss (note 2(e)(ii)) | |
| | | |
| | | |
| | |
| Balance, June 30, 2026 | |
$ | 4,641 | | |
$ | 1,281 | | |
$ | 5,922 | |
| Net Book Value, June 30, 2026 | |
$ | 14,259 | | |
$ | 2,849 | | |
$ | 17,108 | |
| | |
FIT contracts | | |
BESS contracts | | |
Total | |
| Cost: | |
| | | |
| | | |
| | |
| Balance, June 30, 2024 | |
$ | 2,110 | | |
$ | - | | |
$ | 2,110 | |
| Cost, beginning balance | |
$ | 2,110 | | |
$ | - | | |
$ | 2,110 | |
| Additions from acquisition (note 19) | |
| 16,790 | | |
| 4,130 | | |
| 20,920 | |
| Balance, June 30, 2025 | |
$ | 18,900 | | |
$ | 4,130 | | |
$ | 23,030 | |
| Cost, ending balance | |
$ | 18,900 | | |
$ | 4,130 | | |
$ | 23,030 | |
| | |
| | | |
| | | |
| | |
| Accumulated amortization: | |
| | | |
| | | |
| | |
| Balance, June 30, 2024 | |
$ | 109 | | |
$ | - | | |
$ | 109 | |
| Accumulated amortization, beginning balance | |
$ | 109 | | |
$ | - | | |
$ | 109 | |
| Amortization | |
| 1,471 | | |
| - | | |
| 1,471 | |
| Impairment (note 25) | |
| 6,766 | | |
| 646 | | |
| 7,412 | |
| Reallocation of impairment loss (note 2(e)(ii)) | |
| (5,229 | ) | |
| - | | |
| (5,229 | ) |
| Balance, June 30, 2025 (Restated – note 2(e)(ii)) | |
$ | 3,117 | | |
$ | 646 | | |
$ | 3,763 | |
| Accumulated amortization, beginning balance | |
$ | 3,117 | | |
$ | 646 | | |
$ | 3,763 | |
| Net Book Value, June 30, 2025 (Restated – note 2(e)(ii)) | |
$ | 15,783 | | |
$ | 3,484 | | |
$ | 19,267 | |
Total
amortization expense recorded in cost of goods sold was $1,411, $1,471 and $109 for the years ended June 30, 2026, 2025 and 2024, respectively.
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
|