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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities:    
Net Income (loss) $ (3,577,144) $ 2,241,986
Adjustments for:    
Depreciation and amortization 409,953 49,209
Fair value change loss 1,261,892
Impairment loss 4,100,270 724,205
Other income related to tax equity (33,529)
Recovery of receivable credit loss (3,089,295) (212,779)
Recognition of receivable credit loss 174,226  
Loss on fixed asset disposed 4,792
Interest accretion 91,951 47,348
Income tax expense 2,961,662 908,865
 Deferred income tax expense recovery (15,502)
Share-based compensation 860,379 2,946,849
Foreign exchange gain (236,692)
 Adjustments to reconcile profit (loss) 3,144,863 6,473,783
Changes in:    
Trade and other receivables 2,850,543 (2,457,074)
Unbilled revenue 6,739,118 (7,402,866)
Contract fulfilment costs 3,384,064
Inventories (5,646,777) (264,182)
Prepaid expenses and deposits 9,637 (908,175)
Trade and other payables (234,005) 2,414,753
Unearned revenue 3,429,477 1,150,612
Cash generated from operating activities 10,292,856 2,390,915
Income tax paid (1,807,858)
Net cash generated from operating activities   8,484,998 2,390,915
Investing activities:    
Acquisition of property, plant and equipment (42,908)
Purchase of GIC (2,500,000) (8,750,000)
Redemption of GIC 8,130,000 2,200,000
Investment in SFF Shares (2,465,000) (722,615)
Acquisition of NCI in Solar Alliance Devco (94,354)
Acquisition of development asset (7,688,664) (1,122,465)
Cash used in investing activities (4,660,926) (8,394,680)
Financing activities:    
Net proceeds from convertible loan 1,250,000
Proceeds from issuance of common shares, net transaction costs 104,159 5,611,802
Repayment of lease obligation (148,724) (29,392)
Repayment of short-term loans (320,275)
Proceeds from short-term loan– Geddes Loan 1,251,565
Repayment from long-term debts (479,135) (111,111)
Repayment of shareholder loan (593,660)
Cash generated from (used in) financing activities 727,865 (5,807,364)
Increase (decrease) in cash 4,551,937 (196,401)
Effect of changes in exchange rates on cash (30,959) 13,851
Cash, beginning 749,427 931,977
Cash, ending $ 5,270,405 $ 749,427