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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
6 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Cash Flows from Operating Activities:    
Net Income (loss) $ 16,753 $ (1,211)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 61 19
Non-cash lease expense 28
Stock-based compensation 118 47
Non-cash interest 113
Registered Share Offering Costs 290
Change in fair value of Forward Purchase Agreement 740
Gain on Termination of Forward Purchase Agreement (21,400)
Change in Warrant liability (2,030)
Changes in operating assets and liabilities:    
Prepaid expenses 1,580 (90)
Accounts receivable 394 (252)
Accounts payable (341) 33
Accrued liabilities (346)
Operating leases (3) (27)
Net cash used in operating activities (4,184) (1,340)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (7) (54)
Net cash used in investing activities (7) (54)
Cash Flows from Financing Activities:    
Finance lease payments (3)
Proceeds from issuance of Convertible debentures 7,122
Repayment of notes payable (75)
Proceeds from Registered Securities Offering 3,947
Registered Share Offering Costs (510)
Forward Purchase Agreement termination (278)
Proceeds from warrants exercised 103
Net cash provided by financing activities 3,262 7,044
Net Change in Cash and Cash Equivalents (929) 5,650
Cash and Cash Equivalents - Beginning of period 1,816 228
Cash and Cash Equivalents - End of period 887 5,878
Taxes paid
Interest paid $ 1