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Condensed Interim Consolidated Balance Sheets (Unaudited) - CAD ($)
$ in Thousands
Feb. 28, 2025
May 31, 2024
Current assets:    
Cash and cash equivalents $ 9,196 $ 1,816
Prepaid expenses 741 2,431
Accounts receivable 149 417
Total current assets 10,086 4,664
Operating lease assets 37 75
Property and equipment, net 205 205
Total Assets 10,328 4,944
Current liabilities:    
Accounts payable 832 715
Accrued liabilities 565 574
Operating lease liabilities 21 44
Total current liabilities 1,418 1,333
Forward Purchase Agreement 20,938
Warrant liabilities 1,899 576
Operating lease liabilities 14 30
Total Liabilities 3,331 22,877
Shareholders’ Equity (Deficit):    
Preferred shares, no par value; unlimited authorized; 4,500 issued and outstanding (nil as of May 31, 2024) 6,264
Additional paid-in capital (79,473) (77,656)
Accumulated deficit (2,873) (14,683)
Total Shareholders’ Equity (Deficit) 6,997 (17,933)
Total Liabilities and Shareholders’ Equity (Deficit) 10,328 4,944
Class A Ordinary Shares    
Shareholders’ Equity (Deficit):    
Class A ordinary shares, no par value; 100,000,000 shares authorized; 31,230,914 issued and outstanding (18,607,931 as of May 31, 2024) $ 83,079 $ 74,406