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Lease liability
 9 Months Ended
Jun. 30, 2025
Lease liability  
Lease liability

12.

Lease liability

 

 

 

As of June 30, 2025, lease liability consists of:

  

 

 

June 30,

2025

 

 

September 30,

2024

 

Current

 

 

409

 

 

 

471

 

Non-current

 

 

1,572

 

 

 

1,871

 

 

 

 

1,981

 

 

 

2,342

 

 

Information about leases for which the Company is a lessee is as follows:

 

 

 

June 30,

2025

 

 

September 30,

2024

 

Interest on lease liabilities

 

 

214

 

 

 

349

 

Incremental borrowing rate at time of transition

 

 

14%

 

 

14%

Cash outflow for the lease

 

 

545

 

 

 

735

 

 

The Company’s future undiscounted minimum lease payments for the period ended June 30, 2025, for the continued operations are as under:

 

Year

 

Amount

 

2025

 

 

627

 

2026

 

 

528

 

2027

 

 

544

 

2028

 

 

560

 

2029

 

 

284

 

 

The Company entered into a lease agreement for 61,327 sq. ft for its premises as its headquarters in Mississauga, Ontario at 6688 Kitimat Road. The lease is for 10 years starting January 1, 2020, with expiry December 31, 2029. In addition, the Company is required to pay certain occupancy costs.

 

The lease agreement for the Company's lab facility has been renewed for an additional three years, commencing from January 2023.

 

The terms of the renewed lease entail a fixed monthly rent as follows:

 

·

CAD $25,625 for the first year,

 

·

CAD $26,265 for the second year, and

 

·

CAD $26,922 for the third year.