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Consolidated Statements of Cash Flows Unaudited
$ in Thousands
3 Months Ended
Aug. 31, 2024
CAD ($)
Aug. 31, 2023
CAD ($)
Cash Flows from Operating Activities:    
Net loss $ (2,911) $ (416)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30 6
Non-cash lease expense 14
Stock-based compensation 100 13
Non-cash interest 30
Registered Share offering costs 290
Change in fair value of Forward Purchase Agreement 183
Change in Warrant liability 5
Changes in operating assets and liabilities:    
Prepaid expenses 313 (33)
Accounts receivable 358
Accounts payable 520 (6)
Accrued liabilities (362)
Operating leases (1) (13)
Net cash used in operating activities (1,475) (405)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (16)
Net cash used in investing activities (16)
Cash Flows from Financing Activities:    
Finance lease payments (3)
Proceeds from issuance of Convertible debentures 300
Proceeds from Registered Securities Offering 3,947
Proceeds from warrants exercised 44
Ordinary Share offering costs (510)
Net cash provided by financing activities 3,481 297
Net Change in Cash and Cash Equivalents 2,006 (124)
Cash and Cash Equivalents - Beginning of period 1,816 228
Cash and Cash Equivalents - End of period 3,822 104
Supplemental cash flow information    
Taxes paid
Interest paid $ 1