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Condensed Interim Consolidated Interim Balance Sheets
$ in Thousands
Aug. 31, 2024
CAD ($)
May 31, 2024
CAD ($)
Current assets:    
Cash and cash equivalents $ 3,822 $ 1,816
Prepaid expenses 2,118 2,431
Other receivables 59 417
Total current assets 5,999 4,664
Operating lease assets 63 75
Property and equipment, net 175 205
Total Assets 6,237 4,944
Current liabilities:    
Accounts payable 1,235 715
Accrued liabilities 212 574
Operating lease liabilities 36 44
Total current liabilities 1,483 1,333
Forward Purchase Agreement 21,121 20,938
Warrant liabilities 5,741 576
Operating lease liabilities 25 30
Total Liabilities 28,370 22,877
Shareholders’ Equity (Deficit):    
Class A ordinary shares, no par value; 100,000,000 shares authorized; 21,519,247 issued and outstanding (18,607,931 as of May 31, 2024) 76,323 74,406
Additional paid-in capital (80,862) (77,656)
Accumulated deficit (17,594) (14,683)
Total Shareholders’ Equity (Deficit) (22,133) (17,933)
Total Liabilities and Shareholders’ Equity (Deficit) $ 6,237 $ 4,944