Convertible debentures (Q1) (Tables)

3 Months Ended

12 Months Ended

Oct. 31, 2024

Jul. 31, 2024

A continuity of the Company’s convertible debentures is as follows:

Balance as at August 1, 2023	$	-
Issued		920,000
Fair value of embedded derivative		(73,550	)
Transaction costs		(36,484	)
Accretion		52,552
Interest		19,026
Balance as at July 31, 2024	$	881,544
Issued (Focus Impact Partners Convertible Debt)		55,650
Fair value of embedded derivative		(53,750	)
Accretion		44,565
Interest		12,738
Balance as at October 31, 2024	$	940,747

A continuity of the Company’s convertible debentures is as follows:

Balance as at August 1, 2023	$	-
Issued		920,000
Fair value of embedded derivative		(73,550	)
Transaction costs		(36,484	)
Accretion		52,552
Interest		19,026
Balance as at July 31, 2024	$	881,544

Below is a continuity of the embedded derivative liabilities:

Balance as at August 1, 2023	$	-
Derivative liability component		73,550
Change in fair value of derivative liabilities		845,700
Balance as at July 31, 2024	$	919,250
Derivative liability component		53,750
Change in fair value of derivative liabilities		1,348,350
Balance as at October 31, 2024	$	2,321,350

Below is a continuity of the embedded derivative liabilities:

Balance as at August 1, 2023	$	-
Derivative liability component of certain issued convertible debentures		73,550
Unrealized loss on derivative liabilities		845,700
Balance as at July 31, 2024	$	919,250

The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:

	At initial measurement (for the year ended July 31, 2024)			As at July 31, 2024			At initial measurement (for the period ended October 31, 2024)			As at October 31, 2024
Probability of De-SPAC Transaction closing		90	%		90	%		90% - 99	%		99	%
Risk-free interest rate		4.60% - 4.87	%		4.27% - 4.38	%		1.10% - 4.25	%		3.25	%
Expected term (years)		0.35 – 0.82			0.26 - 0.54			0.02 – 0.21			0.02 – 0.29
Expected annual volatility for the Company		90% - 145	%		85% - 112	%		92.5	%		85% - 165	%
Expected annual volatility for Focus Impact		2.5% - 5	%		2.5	%		2.5% - 100	%		2.5%- 100	%
Common conversion ratio		0.083 - 0.155			0.083			0.063 – 0.1462			0.146
Foreign exchange rate		0.727 - 0.747			0.7242			0.720 – 0.734			0.719

The key inputs used in the Monte Carlo model for the derivative liabilities were as follows:

	At initial measurement			As at July 31, 2024
Probability of De-SPAC Transaction closing		90	%		90	%
Risk-free interest rate		4.60% - 4.87	%		4.27% - 4.38	%
Expected term (years)		0.35 – 0.82			0.26 - 0.54
Expected annual volatility for the Company		90% - 145	%		85% - 112	%
Expected annual volatility for Focus Impact		2.5% - 5	%		2.5	%
Common conversion ratio		0.083 - 0.155			0.083
Foreign exchange rate		0.727 - 0.747			0.7242