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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Cash Flows used in Operating Activities:    
Net Loss $ (6,463) $ (803)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 41 32
Non-cash interest 195  
Non-cash lease expense   33
Stock-based compensation 56 39
Change in fair value of Forward Purchase Agreement 4,026
Changes in operating assets and liabilities:    
Prepaid expenses (176) (1)
Accounts receivable (112) (40)
Accounts payable 917 (19)
Accrued liabilities 756
Operating leases   (14)
Net cash used in operating activities (760) (773)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (158) (17)
Net cash used in investing activities (158) (17)
Cash Flows from Financing Activities:    
Finance lease payments 18 (14)
Proceeds from issuance of Convertible debentures 6,700 935
Outflow from Business Combination (1,573)
Repayment of Shareholder loans (5)
Repayment of Term loan (40)
Net cash provided by financing activities 5,105 916
Net Change in Cash 4,187 126
Cash - Beginning of period 228 4
Cash - End of period 4,415 130
Supplemental cash flow information    
Conversion of Convertible debentures 1,496
Taxes paid
Settlement of Shareholder Advances $ 1,979