| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Foreign exchange effect on convertible debenture | 0 | - |
| Provision for contract settlement | 0 | 0 |
| Issuance of shares for services | 0 | 0 |
| Accretion expense | 0 | 0 |
| Fair value gain on derivative liability | 0 | - |
| Provision for losses on related party transactions | 0 | 0 |
| Depreciation | 45,894 | 23,391 |
| Interest due from related parties loan | 1,577 | 784 |
| Provision for legal claim | 454,253 | 223,089 |
| Restricted shares units | -2,135,223 | 113,638 |
| Share based payments | 4,225,478 | 557,003 |
| Accounts receivable | 296,700 | 200,000 |
| Contract assets and unbilled revenue | -6,654 | -6,654 |
| Tax receivable | 123,281 | 84,291 |
| Prepaid expenses | 579,711 | -20,348 |
| Deferred financing costs | -118,546 | -85,395 |
| Accounts payable and accrued liabilities | -443,705 | 212,509 |
| Deferred revenue | -100,000 | -100,000 |
| Net loss | -19,505,901 | -9,638,843 |
| Interest expense | 12,254 | 4,976 |
| Net cash used in operating activities | -18,323,019 | -8,776,915 |
| Due from related parties | 0 | 0 |
| Investment in equipment | 40,489 | 16,244 |
| Net cash used in investing activities | -40,489 | -16,244 |
| Proceeds from issuance of special warrants | 0 | 0 |
| Special warrant issuance costs | 0 | 0 |
| Proceeds from issuance of convertible debentures | 0 | 0 |
| Deferred grant | -67,732 | -49,900 |
| Repayments of loans | 1,938 | 0 |
| Proceeds from issuance of equity instruments | 1,572,440 | 0 |
| Proceeds from issuance of units | 14,930,232 | 7,929,900 |
| Private placement issuance costs | 1,759,795 | 818,073 |
| Net cash provided by financing activities | 14,673,207 | 7,061,927 |
| Foreign exchange effect on cash | 83,303 | 170,321 |
| Net change in cash during the period | -3,606,998 | -1,560,911 |
| Cash and cash equivalents at beginning of period | 4,816,906 | - |
| Cash and cash equivalents at end of period | 1,209,908 | - |
Verses AI Inc. (VRSSF)
Verses AI Inc. (VRSSF)