10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001493152-24-002452 |
| Period End Date | 20231130 |
| Filing Date | 20240116 |
| Fiscal Year | 2024 |
| Fiscal Period | Q1 |
| XBRL Instance | form10-q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
7.18M | shares | Point-in-time |
| Cash |
Cash
|
$2.34M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
6.31M | shares | Point-in-time |
| Cash |
Cash
|
$720.37K | USD | Point-in-time |
| Trade and other receivables |
AccountsAndOtherReceivablesNetCurrent
|
$871.28K | USD | Point-in-time |
| Trade and other receivables |
AccountsAndOtherReceivablesNetCurrent
|
$758.99K | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
7.18M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
6.31M | shares | Point-in-time |
| Prepaid expenses and deposits |
PrepaidExpensesAndDeposits
|
$206.18K | USD | Point-in-time |
| Prepaid expenses and deposits |
PrepaidExpensesAndDeposits
|
$218.15K | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$3.42M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.70M | USD | Point-in-time |
| Investments |
Investments
|
$9.98K | USD | Point-in-time |
| Investments |
Investments
|
$10.01K | USD | Point-in-time |
| Right-of-use asset |
OperatingLeaseRightOfUseAsset
|
$960.38K | USD | Point-in-time |
| Right-of-use asset |
OperatingLeaseRightOfUseAsset
|
$923.45K | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentNet
|
$242.09K | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentNet
|
$220.80K | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.85M | USD | Point-in-time |
| Intangible assets |
IntangibleAssetsNetExcludingGoodwill
|
$1.72M | USD | Point-in-time |
| Total Assets |
Assets
|
$4.63M | USD | Point-in-time |
| Total Assets |
Assets
|
$6.42M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$605.32K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$469.55K | USD | Point-in-time |
| Loan |
LoansPayableCurrent
|
$517.47K | USD | Point-in-time |
| Loan |
LoansPayableCurrent
|
$430.10K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$138.37K | USD | Point-in-time |
| Current portion of lease liability |
OperatingLeaseLiabilityCurrent
|
$144.45K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.13M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.17M | USD | Point-in-time |
| Deferred government incentive |
DeferredIncome
|
$710.87K | USD | Point-in-time |
| Deferred government incentive |
DeferredIncome
|
$710.87K | USD | Point-in-time |
| Deferred government incentive |
DeferredIncome
|
$699.63K | USD | Point-in-time |
| Lease liability |
OperatingLeaseLiabilityNoncurrent
|
$928.15K | USD | Point-in-time |
| Lease liability |
OperatingLeaseLiabilityNoncurrent
|
$969.59K | USD | Point-in-time |
| Warrant liability |
WarrantLiability
|
$37.85K | USD | Point-in-time |
| Warrant liability |
WarrantLiability
|
- | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.84M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$2.81M | USD | Point-in-time |
| Common shares, no par value; unlimited authorized; 7,181,979 issued and outstanding shares as of November 30, 2023 and 6,306,979 as at August 31, 2023. |
CommonStockValue
|
$4.90M | USD | Point-in-time |
| Common shares, no par value; unlimited authorized; 7,181,979 issued and outstanding shares as of November 30, 2023 and 6,306,979 as at August 31, 2023. |
CommonStockValue
|
$7.61M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.96M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$2.96M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-417.73K | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-393.15K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-5.66M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-6.55M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$1.79M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$3.86M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$4.63M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$3.62M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS |
LiabilitiesAndStockholdersEquity
|
$6.42M | USD | Point-in-time |
| TOTAL LIABILITIES AND STOCKHOLDERS |
LiabilitiesAndStockholdersEquity
|
$4.63M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$569.36K | USD | 1 Quarter |
| Net Revenue |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$892.02K | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$560.15K | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$699.72K | USD | 1 Quarter |
| Advertising and marketing |
MarketingAndAdvertisingExpense
|
$133.47K | USD | 1 Quarter |
| Advertising and marketing |
MarketingAndAdvertisingExpense
|
$121.57K | USD | 1 Quarter |
| Salaries, wages and benefits |
SalariesAndWages
|
$644.27K | USD | 1 Quarter |
| Salaries, wages and benefits |
SalariesAndWages
|
$657.32K | USD | 1 Quarter |
| Interest expense and bank charges |
InterestExpense
|
$21.41K | USD | 1 Quarter |
| Interest expense and bank charges |
InterestExpense
|
$21.45K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$88.37K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$137.43K | USD | 1 Quarter |
| Government based incentive |
GovernmentBasedIncentive
|
- | USD | 1 Quarter |
| Government based incentive |
GovernmentBasedIncentive
|
$51.05K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$65.67K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$1.65M | USD | 1 Quarter |
| Total expenses |
OperatingExpenses
|
$1.45M | USD | 1 Quarter |
| Foreign exchange gain (loss) |
ForeignCurrencyTransactionLossBeforeTax
|
$10.69K | USD | 1 Quarter |
| Foreign exchange gain (loss) |
ForeignCurrencyTransactionLossBeforeTax
|
- | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
$10.74K | USD | 1 Quarter |
| Change in fair value of warrant liability |
FairValueAdjustmentOfWarrants
|
- | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-762.07K | USD | 1 Quarter |
| Loss before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-897.76K | USD | 1 Quarter |
| Income taxes (recovery) expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income taxes (recovery) expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-897.76K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-762.07K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$24.58K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-73.23K | USD | 1 Quarter |
| Net loss and comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-835.30K | USD | 1 Quarter |
| Net loss and comprehensive loss |
ComprehensiveIncomeNetOfTax
|
$-873.18K | USD | 1 Quarter |
| Loss per share - basic |
EarningsPerShareBasic
|
$-0.12 | USD | 1 Quarter |
| Loss per share - basic |
EarningsPerShareBasic
|
$-0.14 | USD | 1 Quarter |
| Loss per share - diluted |
EarningsPerShareDiluted
|
$-0.12 | USD | 1 Quarter |
| Loss per share - diluted |
EarningsPerShareDiluted
|
$-0.14 | USD | 1 Quarter |
| Weighted average number of common shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.31M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
6.57M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.57M | shares | 1 Quarter |
| Weighted average number of common shares outstanding - diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
6.31M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income and comprehensive (loss) income |
NetIncomeLoss
|
$-897.76K | USD | 1 Quarter |
| Net (loss) income and comprehensive (loss) income |
NetIncomeLoss
|
$-762.07K | USD | 1 Quarter |
| Depreciation of property and equipment |
DepreciationOfPropertyAndEquipment
|
$15.56K | USD | 1 Quarter |
| Depreciation of property and equipment |
DepreciationOfPropertyAndEquipment
|
$15.07K | USD | 1 Quarter |
| Depreciation of property and equipment |
DepreciationOfPropertyAndEquipment
|
$67.67K | USD | Annual |
| Depreciation of intangible assets |
DepreciationOfIntangibleAssets
|
$40.85K | USD | 1 Quarter |
| Depreciation of intangible assets |
DepreciationOfIntangibleAssets
|
$89.48K | USD | 1 Quarter |
| Depreciation on right of use asset |
DepreciationOnRightOfUseAsset
|
$32.88K | USD | 1 Quarter |
| Depreciation on right of use asset |
DepreciationOnRightOfUseAsset
|
$108.33K | USD | Annual |
| Depreciation on right of use asset |
DepreciationOnRightOfUseAsset
|
$26.45K | USD | 1 Quarter |
| Interest expense on lease liability |
InterestIncomeExpenseNet
|
$16.18K | USD | 1 Quarter |
| Interest expense on lease liability |
InterestIncomeExpenseNet
|
$14.69K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$65.67K | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Foreign exchange gain (loss) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$10.69K | USD | 1 Quarter |
| Change in fair value of warrant liability |
ChangeInFairValueOfWarrantLiability
|
$-10.74K | USD | 1 Quarter |
| Change in fair value of warrant liability |
ChangeInFairValueOfWarrantLiability
|
- | USD | 1 Quarter |
| Trade and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$11.50K | USD | 1 Quarter |
| Trade and other receivables |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$112.29K | USD | 1 Quarter |
| Prepaid expenses and deposits |
IncreaseDecreaseInPrepaidExpense
|
$-4.31K | USD | 1 Quarter |
| Prepaid expenses and deposits |
IncreaseDecreaseInPrepaidExpense
|
$-11.97K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-595.48K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-124.53K | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
- | USD | 1 Quarter |
| Income taxes receivable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-71.08K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.16M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-1.02M | USD | 1 Quarter |
| Advances received from related parties Proceeds from the loan |
ProceedsFromRelatedPartyDebt
|
- | USD | 1 Quarter |
| Advances received from related parties Proceeds from the loan |
ProceedsFromRelatedPartyDebt
|
$87.37K | USD | 1 Quarter |
| Share capital issuance |
ProceedsFromContributedCapital
|
$2.73M | USD | 1 Quarter |
| Share capital issuance |
ProceedsFromContributedCapital
|
- | USD | 1 Quarter |
| Lease payments Repayment of lease obligations |
FinanceLeasePrincipalPayments
|
$15.01K | USD | 1 Quarter |
| Lease payments Repayment of lease obligations |
FinanceLeasePrincipalPayments
|
$40.63K | USD | 1 Quarter |
| Lease payments Repayment of lease obligations |
FinanceLeasePrincipalPayments
|
$81.09K | USD | Annual |
| Net cash provided by financing activity |
NetCashProvidedByUsedInFinancingActivities
|
$2.78M | USD | 1 Quarter |
| Net cash provided by financing activity |
NetCashProvidedByUsedInFinancingActivities
|
$-15.01K | USD | 1 Quarter |
| Additions to intangible assets |
PaymentsToAcquireIntangibleAssets
|
$284.59K | USD | 1 Quarter |
| Additions to intangible assets |
PaymentsToAcquireIntangibleAssets
|
$266.82K | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$39.68K | USD | 1 Quarter |
| Additions to property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.03K | USD | 1 Quarter |
| Net cash used in investing activity |
NetCashProvidedByUsedInInvestingActivities
|
$-324.27K | USD | 1 Quarter |
| Net cash used in investing activity |
NetCashProvidedByUsedInInvestingActivities
|
$-268.86K | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$-1.50M | USD | 1 Quarter |
| Net change in cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
$1.49M | USD | 1 Quarter |
| Effect of changes in foreign exchange rates |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$-15.87K | USD | 1 Quarter |
| Effect of changes in foreign exchange rates |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$134.42K | USD | 1 Quarter |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$2.34M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$2.38M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$3.90M | USD | Point-in-time |
| Cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$720.37K | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$2.34M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$2.38M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$3.90M | USD | Point-in-time |
| Cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$720.37K | USD | Point-in-time |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance |
StockholdersEquity
|
$1.79M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.86M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$4.63M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.62M | USD | Point-in-time |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$65.67K | USD | 1 Quarter |
| Foreign exchange translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$24.58K | USD | 1 Quarter |
| Foreign exchange translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
|
$-73.23K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-897.76K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-762.07K | USD | 1 Quarter |
| Shares issued on Initial Public offering on November 3, 2023 |
StockIssuedDuringPeriodValueNewIssues
|
$2.75M | USD | 1 Quarter |
| Warrants issued related to Initial Public Offering |
StockIssuedDuringPeriodValueOther
|
$-48.28K | USD | 1 Quarter |
| Balance |
StockholdersEquity
|
$1.79M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.86M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$4.63M | USD | Point-in-time |
| Balance |
StockholdersEquity
|
$3.62M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.