XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (5,350,662) $ (33,968,248)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 217,443 303,424
Stock-based compensation 63,539 146,842
Shares issued for services 473,413
Non-cash interest 2,966,853 1,694,149
Non-cash transaction cost 6,086,870
Loss on debt settlement 785,377
Changes in fair value of financial liabilities (34,333,573) 18,424,992
Impairment 14,119,955
Plant and equipment disposal loss 158,093
Gain from release of lease obligation (42,297)
Foreign exchange gain (621) (184,514)
Changes in operating assets and liabilities:    
Other current assets and premises lease deposits (684,310) 159,010
Accounts receivable 34,861
Accounts payable and accrued liabilities (3,353,505) (136,934)
Deferred revenue 43,722
Operating lease (38,774) (45,181)
Customer deposits (37,816) (5,994)
Cash used in operating activities (19,634,512) (12,869,374)
Investing activities    
Net cash acquired from business combination 77,270
Cash provided by investing activities 77,270
Financing activities    
Payments on finance leases (7,008) (12,081)
Cash settlement for release of lease obligation (36,582)
Proceeds from share issuances 14,767,360
Proceeds from senior secured promissory notes 596,000 550,000
Proceeds from promissory notes 929,299
Repayment of promissory notes (305,000)
Repayment of SR&ED loan (727,014) (916,539)
Proceeds from pre-paid purchase 4,400,000
Proceeds from convertible notes 1,105,000 11,549,945
Proceeds from convertible promissory note 3,150,000
Repayment of convertible promissory note (2,216,168)
Proceeds from exercise of stock options 61,155
Cash provided by financing activities 21,692,469 11,195,898
Effect of exchange rates on cash holdings in foreign currencies (8,151)
Net change in cash and restricted cash during the year 2,135,227 (1,673,476)
Cash and restricted cash at beginning of year 395,580 2,069,056
Cash and restricted cash at end of year 2,522,656 395,580
Supplemental disclosure of cash flow information:    
Interest on finance lease paid 8,615 9,499
Interest paid on debt 422,364 782,623
Supplemental disclosure of non-cash investing and financing activity:    
SAFEs converted to preferred shares 3,200,000
Convertible notes converted to common shares 8,370,546
Common shares issued as part of transaction costs 1,045,940
Convertible notes issued for services 750,000
Common shares issued for pre-paid security agreement 1,738,679
Common shares issued for Business Combination 11,123,075
Operating lease capitalized 192,011
Common shares issued for warrants conversion 18,807,262
Common shares issued for settlement of amount owing for severance payment 260,999
Convertible notes issued for settlement of promissory notes 775,208
Convertible notes issued for settlement of debt 164,619
Promissory notes issued in settlement of debt 542,753
Reclassification of liability-classified warrants to equity $ 6,428,752