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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
9 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Cash Flows from Operating Activities:    
Net Income (loss) $ 11,811 $ (6,463)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 98 41
Stock-based compensation 189 56
Non-cash interest 195
Registered Share Offering Costs 290
Change in fair value of Forward Purchase Agreement 740 4,026
Gain on Termination of Forward Purchase Agreement (21,400)
Change in Warrant liability (601)
Changes in working capital:    
Prepaid expenses 1,690 (176)
Accounts receivable 268 (112)
Accounts payable 118 917
Accrued liabilities (9) 756
Operating leases (1)
Net cash used in operating activities (6,807) (760)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (98) (158)
Net cash used in investing activities (98) (158)
Cash Flows from Financing Activities:    
Finance lease payments 18
Proceeds from issuance of Convertible debentures 6,700
Outflow from Business Combination (1,573)
Repayment of Term loan (40)
Proceeds from Registered Securities Offering 3,947
Registered Share Offering Costs (510)
Proceeds from Issuance of Class A Ordinary Shares 2,088
Proceeds from Issuance of Preferred Shares 6,264
Forward Purchase Agreement termination (278)
Proceeds from warrants exercised 2,774
Net cash provided by financing activities 14,285 5,105
Net Change in Cash and Cash Equivalents 7,380 4,187
Cash and Cash Equivalents - Beginning of period 1,816 228
Cash and Cash Equivalents - End of period 9,196 4,415
   
Taxes paid
Conversion of Convertible debentures 1,496
Interest paid $ 1