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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Jun. 30, 2024
Current assets    
Cash $ 7,555,820 $ 395,580
Accounts receivable, net of allowance 39,132
Other current assets 305,303 90,921
Current assets 7,900,255 486,501
Non-current assets    
Premises lease deposits 133,516 126,431
Property and equipment, net 281,419 449,255
Operating lease right-of-use assets, net 348,735 689,165
Goodwill and customer list
Non-current assets 763,670 1,264,851
Total assets 8,663,925 1,751,352
Current liabilities    
Accounts payable and accrued liabilities 6,882,472 5,924,121
Customer deposits 451,165 482,575
Deferred revenue 163,117
Current portion of operating lease liabilities 240,619 443,519
Current portion of finance lease liabilities 7,046 7,141
Short-term debt 576,024 1,099,489
Pre-paid security purchase 2,896,663
Convertible promissory note 4,135,281
Warrant liabilities 13,612,366
Convertible notes 40,630,756
Financial liability convertible to equity 3,200,000
Current liabilities 28,964,753 51,787,601
Non-current liabilities    
Non-current portion of operating lease liabilities 43,117 235,492
Non-current portion of finance lease liabilities 163,512 177,403
Non-current liabilities 206,629 412,895
Total liabilities 29,171,382 52,200,496
Commitment and contingencies (Note 18)
MEZZANINE EQUITY    
Warrants issued to underwriters (Note 11) 784,000
STOCKHOLDERS’ DEFICIT    
Common shares without par value, unlimited shares authorized, 503,766,493 shares issued and outstanding as of March 31, 2025 (June 30, 2024 – 2,594,850) 104,117,416 1,938,751
Preferred shares without par value, unlimited shares authorized, nil shares issued and outstanding as of March 31, 2025 (June 30, 2024 – 3,528,408) 71,590,087
Additional paid in capital 17,555,474 16,629,612
Accumulated other comprehensive loss (2,248)
Accumulated deficit (142,962,099) (140,607,594)
Total stockholders’ deficit (21,291,457) (50,449,144)
Total liabilities, mezzanine equity and stockholders’ deficit $ 8,663,925 $ 1,751,352