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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current assets    
Cash $ 2,479,283 $ 395,580
Accounts receivable, net of allowance 22,131
Other current assets 846,748 90,921
Current assets 3,348,162 486,501
Non-current assets    
Restricted cash 43,373
Premises lease deposits 133,532 126,431
Property and equipment, net 81,892 449,255
Operating lease right-of-use assets, net 475,739 689,165
Non-current assets 734,536 1,264,851
Total assets 4,082,698 1,751,352
Current liabilities    
Accounts payable and accrued liabilities 4,691,080 5,924,121
Customer deposits 444,759 482,575
Deferred revenue 204,231
Current portion of operating lease liabilities 294,475 443,519
Current portion of finance lease liabilities 178,447 7,141
Short-term debt 504,685 1,099,489
Pre-paid security purchase, net of debt discount 2,962,518
Convertible promissory note, net of debt discount 4,553,934
Convertible notes 40,630,756
Financial liability convertible to equity 3,200,000
Current liabilities 13,834,129 51,787,601
Non-current liabilities    
Non-current portion of operating lease liabilities 136,654 235,492
Non-current portion of finance lease liabilities 177,403
Non-current liabilities 136,654 412,895
Total liabilities 13,970,783 52,200,496
Commitment and contingencies (Note 20)
STOCKHOLDERS’ DEFICIT    
Common shares without par value, unlimited shares authorized, 19,603,815 shares issued and outstanding as of June 30, 2025 (June 30, 2024 – 20,758) 118,513,491 1,938,751
Preferred shares without par value, unlimited shares authorized, nil shares issued and outstanding as of June 30, 2025 (June 30, 2024 – 3,528,408) 71,590,087
Additional paid in capital 17,568,278 16,629,612
Accumulated other comprehensive loss (11,598)
Accumulated deficit (145,958,256) (140,607,594)
Total stockholders’ deficit (9,888,085) (50,449,144)
Total liabilities and stockholders’ deficit $ 4,082,698 $ 1,751,352