| Right of Use Asset and Operating Lease Liability [Text Block] |
15. Right of Use Asset and Operating Lease Liability
The Company has lease agreements for its offices, and buildings for its data centers in Sweden and Quebec, Canada, in addition to electrical equipment in Sweden.
Right of use assets
| |
|
September 30, 2026 |
|
|
March 31, 2026 |
|
| |
|
|
|
|
|
|
| Cost |
$ |
121,413 |
|
$ |
53,108 |
|
| Accumulated amortization |
|
(17,046 |
) |
|
(10,012 |
) |
| Net carrying value |
$ |
104,367 |
|
$ |
43,096 |
|
Lease liabilities
| |
|
Operating Leases |
|
|
Finance Leases |
|
| |
|
September
30, 2026
|
|
|
March 31,
2026
|
|
|
September 30,
2026
|
|
|
March 31,
2026
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Current |
$ |
6,313 |
|
$ |
3,323 |
|
$ |
9,483 |
|
$ |
9,045 |
|
| Non-current |
|
76,622 |
|
|
10,351 |
|
|
16,010 |
|
|
20,861 |
|
| |
$ |
82,935 |
|
$ |
13,674 |
|
$ |
25,493 |
|
$ |
29,906 |
|
| Operating Leases |
|
September 30, 2026 |
|
|
March 31, 2026 |
|
| |
|
|
|
|
|
|
| Weighted average discount rate |
|
11.07% |
|
|
7.27% |
|
| Weighted average remaining lease term (in years) |
|
8.71 |
|
|
4.85 |
|
| Finance Leases |
|
|
|
|
|
|
| Weighted average discount rate |
|
9.90% |
|
|
9.90% |
|
| Weighted average remaining lease term (in years) |
|
2.50 |
|
|
3.00 |
|
Additional information on the lease liabilities as at September 30, 2026 is as follows:
| |
|
Operating
leases
|
|
|
Finance leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| 2027 |
$ |
14,750 |
|
$ |
11,404 |
|
$ |
26,154 |
|
| 2028 |
|
10,694 |
|
|
8,553 |
|
|
19,247 |
|
| 2029 |
|
13,289 |
|
|
8,553 |
|
|
21,842 |
|
| 2030 |
|
13,792 |
|
|
- |
|
|
13,792 |
|
| Thereafter |
|
79,613 |
|
|
- |
|
|
79,613 |
|
| Total undiscounted lease liabilities |
|
132,138 |
|
|
28,510 |
|
|
160,648 |
|
| Interest on lease liabilities |
|
(49,203 |
) |
|
(3,017 |
) |
|
(52,220 |
) |
| Total present value of minimum lease payments |
$ |
82,935 |
|
$ |
25,493 |
|
$ |
108,428 |
|
| Lease liability - current portion |
$ |
6,313 |
|
$ |
9,483 |
|
$ |
15,796 |
|
| Lease liability |
$ |
76,622 |
|
$ |
16,010 |
|
$ |
92,632 |
|
Additional information on the lease liabilities as at March 31, 2026 is as follows:
| |
|
Operating
leases
|
|
|
Finance leases |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| 2027 |
$ |
4,155 |
|
$ |
11,404 |
|
$ |
15,559 |
|
| 2028 |
|
3,154 |
|
|
11,404 |
|
|
14,558 |
|
| 2029 |
|
2,407 |
|
|
11,405 |
|
|
13,812 |
|
| 2030 |
|
2,180 |
|
|
- |
|
|
2,180 |
|
| Thereafter |
|
4,423 |
|
|
- |
|
|
4,423 |
|
| Total undiscounted lease liabilities |
|
16,319 |
|
|
34,213 |
|
|
50,532 |
|
| Interest on lease liabilities |
|
(2,645 |
) |
|
(4,307 |
) |
|
(6,952 |
) |
| Total present value of minimum lease payments |
$ |
13,674 |
|
$ |
29,906 |
|
$ |
43,580 |
|
| Lease liability - current portion |
$ |
3,323 |
|
$ |
9,045 |
|
$ |
12,368 |
|
| Lease liability |
$ |
10,351 |
|
$ |
20,861 |
|
$ |
31,212 |
|
The Company incurred the following lease costs which were recorded in operating and maintenance costs in the consolidated statements of loss and comprehensive loss:
| |
|
Six months ended |
| |
|
September 30,
2026
|
|
|
September 30,
2025
|
|
| |
|
|
|
|
|
|
| Variable lease costs (CPI adjustments) |
$ |
246 |
|
$ |
193 |
|
| Operating lease costs: |
|
|
|
|
|
|
| Depreciation of lease assets |
|
4,290 |
|
|
1,308 |
|
| Interest on lease liabilities |
|
4,295 |
|
|
157 |
|
| |
|
8,831 |
|
|
1,658 |
|
| Finance lease costs: |
|
|
|
|
|
|
| Depreciation of lease assets |
|
2,918 |
|
|
- |
|
| Interest on lease liabilities |
|
1,289 |
|
|
- |
|
| Total lease costs |
$ |
13,038 |
|
$ |
1,658 |
|
| |
|
Six months ended |
| |
|
September 30,
2026
|
|
|
September 30,
2025
|
|
| |
|
|
|
|
|
|
| Cash flows from operating leases |
$ |
2,521 |
|
$ |
1,644 |
|
| Cash flows from finance leases |
$ |
5,702 |
|
$ |
- |
|
|