v3.26.1
Accounts receivable and Contract Assets (Tables)
12 Months Ended
Dec. 31, 2025
Accounts receivable and Contract Assets  
Accounts Receivable

 

 

December 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Total receivables and contract assets

 

$4,135,241

 

 

$22,210

 

Contract assets

 

 

(1,303,051)

 

 

-

 

Trade receivables

 

 

2,832,190

 

 

 

22,210

 

Other receivables

 

 

96,650

 

 

 

83,648

 

Net Accounts receivable

 

 

2,928,840

 

 

 

105,858

 

Allowance for doubtful accounts

 

 

-

 

 

 

-

 

Accounts receivable

 

 

2,928,840

 

 

 

105,858

 

 

Aging of trade receivable as of December 31, 2025

 

Current

 

$1,243,715

 

0-90 days

 

 

68,630

 

91-180 days

 

 

-

 

>180 days

 

 

1,519,845

 

 

 

 

2,832,190

 

Contract Assets

Movement in contract assets

 

For the year ended December 31, 2025

 

 

 

US$

 

 

CDN$

 

Opening balance, January 1

 

$-

 

 

$-

 

Revenue

 

 

11,486,476

 

 

 

16,351,286

 

Revenue invoiced per contract milestones

 

 

(10,536,943)

 

 

(15,048,235)

Closing balance, December 31

 

 

949,533

 

 

 

1,303,051