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Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - CAD ($)
$ in Thousands
3 Months Ended
Aug. 31, 2025
Aug. 31, 2024
Cash Flows from Operating Activities:    
Net Loss $ (10,903) $ (2,911)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 51 30
Stock-based compensation 2,410 100
Registered Share Offering Costs 290
Change in fair value of Forward Purchase Agreement 183
Change in Warrant liability 5,137 5
Changes in operating assets and liabilities:    
Prepaid expenses 157 313
Accounts receivable 14 358
Accounts payable (297) 520
Accrued liabilities 1,067 (362)
Operating leases (1)
Net cash used in operating activities (2,364) (1,475)
Cash Flows used in Investing Activities:    
Purchase of property and equipment (139)
Net cash used in investing activities (139)
Cash Flows from Financing Activities:    
Proceeds from Sales Agreement 8,253
Proceeds from Registered Securities Offering 3,947
Registered Share Offering Costs (510)
Proceeds from warrants exercised 2,970 44
Net cash provided by financing activities 11,223 3,481
Net Change in Cash and Cash Equivalents 8,720 2,006
Cash and Cash Equivalents - Beginning of period 7,547 1,816
Cash and Cash Equivalents - End of period 16,267 3,822
Taxes paid
Interest paid $ 1 $ 1