v3.26.3
Convertible debentures (Tables)
12 Months Ended
Jun. 30, 2026
Convertible debentures  
Schedule of components of convertible debentures

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June 30,

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2025

Principal balance

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$

8,740,000

Less: conversions into ordinary shares

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(7,780,000)

Less: repayments in cash

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(960,000)

Remaining balance

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​

—

Less: non-current

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—

Total current

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$

—

Schedule of gain attributable to changes in instrument specific credit risk in other comprehensive income

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2026

Day 1 loss on issuance

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$

(1,345,530)

Subsequent change in fair value attributable to factors other than instrument-specific credit risk

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2,394,675

Reclassification of change in instrument-specific credit risk upon settlement

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​

(147,041)

Net gain recognized in earnings

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$

902,104

Schedule of initial measurement of the debentures

The following table summarizes the initial measurement of the Debentures issued during the year ended June 30, 2026:

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Issuance date fair

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Purchase price

 

​

value

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Day 1 loss

2025 Debentures

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$

15,194,810

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$

16,359,770

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$

1,164,960

April 2026 Debenture

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465,000

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501,070

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36,070

June 2026 Debenture

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1,860,000

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2,004,500

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144,500

Total

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17,519,810

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$

18,865,340

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$

1,345,530

Schedule of aggregate unpaid principal balance and carrying amount of the debentures

As of June 30, 2026, the aggregate unpaid principal balance and carrying amount of the Debentures were as follows:

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June 30,

​

​

2026

Aggregate unpaid principal balance

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$

14,513,506

Aggregate fair value carrying amount

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10,624,818

Excess of unpaid principal over fair value

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$

3,888,688