<SEC-DOCUMENT>0001753368-23-000027.txt : 20231108
<SEC-HEADER>0001753368-23-000027.hdr.sgml : 20231108
<ACCEPTANCE-DATETIME>20231108170252
ACCESSION NUMBER:		0001753368-23-000027
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20230930
FILED AS OF DATE:		20231108
DATE AS OF CHANGE:		20231108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sangoma Technologies Corp
		CENTRAL INDEX KEY:			0001753368
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
		IRS NUMBER:				980642316
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41175
		FILM NUMBER:		231389080

	BUSINESS ADDRESS:	
		STREET 1:		100 RENFREW DRIVE, SUITE 100
		CITY:			MARKHAM
		STATE:			A6
		ZIP:			L3R 9R6
		BUSINESS PHONE:		800-388-2475

	MAIL ADDRESS:	
		STREET 1:		100 RENFREW DRIVE, SUITE 100
		CITY:			MARKHAM
		STATE:			A6
		ZIP:			L3R 9R6
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k-2024q1.htm
<DESCRIPTION>6-K
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i8754d97a34744f28ab38cbbcef0fc334_1"></div><div style="min-height:25.92pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="margin-top:0.1pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.939%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:5pt"><td colspan="3" style="border-bottom:1pt solid #000;border-top:2pt solid #000;padding:0 1pt"></td></tr></table><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.5pt;font-weight:700;line-height:100%">UNITED STATES</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.5pt;font-weight:700;line-height:100%">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.5pt;font-weight:700;line-height:100%">Washington, D.C. 20549</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.5pt;font-weight:700;line-height:100%">FORM 6-K</font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:14pt;padding-right:14pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:127%">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">For the month of November 2023</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Commission File Number&#58; 001-41175</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:16pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:84pt;padding-right:84pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(Exact name of Registrant as specified in its charter)</font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:136pt;padding-right:136pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">N&#47;A</font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:91pt;padding-right:91pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(Translation of registrant's name into English)</font></div><div style="text-align:center"><font><br></font></div><div style="padding-left:119pt;padding-right:119pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">100 Renfrew Drive</font></div><div style="text-align:center"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Suite 100</font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:111%">Markham, Ontario, Canada L3R 9R6</font></div><div style="padding-right:-4.47pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:112%">(905) 474-1990</font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">(Address and telephone number of registrant&#8217;s principal executive offices)</font></div><div><font><br></font></div><div style="padding-right:41pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F &#91; &#93; Form 40-F &#91; X &#93;</font></div><div style="padding-right:41pt;text-align:justify"><font><br></font></div><div style="padding-right:41pt;text-align:justify"><font><br></font></div><div style="padding-right:-5.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">INCORPORATION BY REFERENCE</font></div><div><font><br></font></div><div style="padding-right:23pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Exhibits 99.1 and 99.2 of this Form 6-K is incorporated by reference as an additional exhibit to the registrant's Registration Statements on Form F-10 (File No. 333-261071) and Form F-3 (File No. 333-270918).</font></div><div><font><br></font></div><div style="margin-top:0.1pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.939%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="border-bottom:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><div id="i8754d97a34744f28ab38cbbcef0fc334_4"></div><hr style="page-break-after:always"><div style="min-height:5.76pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">DOCUMENTS INCLUDED AS PART OF THIS REPORT</font></div><div><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.157%"><tr><td style="width:1.0%"></td><td style="width:4.750%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:91.418%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Exhibit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.1</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="financialstatements2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Unaudited Condensed Consolidated Interim Financial Statements of the Registrant for the three </a><a href="financialstatements2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">month periods ended </a><a href="financialstatements2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">September 30</a><a href="financialstatements2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">, 2023 and 2022</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.2</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="mda2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations of the Registrant for the three</a><a href="mda2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"> </a><a href="mda2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">month periods ended </a><a href="mda2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">September 30</a><a href="mda2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">, 2023 and 2022</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.3</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Press Release dated </a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">November 8</a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">, 2023, titled &#8220;Sangoma Announces </a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">First</a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"> Quarter Fiscal 202</a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">4 </a><a href="press-release2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Results&#8221;</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.4</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="ceocertification2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Form 52-109F2 Certificate of Interim Filings by CEO (pursuant to Canadian regulations)</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">99.5</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="cfocertification2024q1.htm" style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%;text-decoration:underline">Form 52-109F2 Certificate of Interim Filings by CFO (pursuant to Canadian regulations)</a></font></div></td></tr></table></div><div><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><div id="i8754d97a34744f28ab38cbbcef0fc334_7"></div><hr style="page-break-after:always"><div style="min-height:25.92pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="padding-right:-1.97pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">SIGNATURES</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:88.164%"><tr><td style="width:1.0%"></td><td style="width:43.934%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.721%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.016%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.829%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt 2px 103pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Date&#58; November 8, 2023</font></div></td><td colspan="3" style="padding:2px 1pt 2px 103pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">&#47;s&#47; Larry Stock</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Name&#58; Larry Stock</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Title&#58; Chief Financial Officer</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>financialstatements2024q1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_1"></div><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><img alt="sangomaa.jpg" src="sangomaa.jpg" style="height:130px;margin-bottom:5pt;vertical-align:text-bottom;width:406px"></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="margin-bottom:24pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">SANGOMA TECHNOLOGIES CORPORATION</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-bottom:2pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr></table></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">Condensed consolidated interim financial statements for the</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">three month periods ended September 30, 2023 and 2022</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%">(Unaudited in thousands of US dollars)</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="padding-left:306pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">   100 Renfrew Drive, Suite 100, </font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Markham, Ontario,</font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Canada L3R 9R6</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_4"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:22pt;font-weight:700;line-height:120%">Sangoma Technologies Corporation</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:120%">Three month periods ended</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:120%">September 30, 2023 and 2022</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:15pt;font-weight:400;line-height:120%">Table of contents</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.111%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.689%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of financial position</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_16" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">3</a></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of loss and comprehensive loss</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_19" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">4</a></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of changes in shareholders&#8217; equity</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_22" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">5</a></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of cash flows</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_25" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">6</a></font></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_28" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">7</a></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">-</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#i0be6055fdcd94d4ab75e5d29dc9efac2_244" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">24</a></font></div></td></tr></table></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_16"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of financial position</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">As at September 30, 2023, and June 30, 2023</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.679%"><tr><td style="width:1.0%"></td><td style="width:42.629%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.260%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.761%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.424%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.426%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">Assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font id="i76b53e05bc5f4727a968d05780dbafc3_4-0-1-1-111646"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Cash and cash equivalents</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">11,139</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">11,156&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Trade and other receivables </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">4</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">20,434</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">21,905&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Inventories </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">6</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">17,890</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">17,970&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Income tax receivable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">3,030</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">3,192&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Contract assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">1,610</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">1,762&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Derivative assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">1,145</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">1,218&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Other current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">3,597</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">4,420&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">58,845</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">61,623&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Non-current assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Property and equipment </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">7</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">8,682</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">9,152&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Right-of-use assets </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">12,764</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">13,152&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Intangible assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">9</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">149,076</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">157,437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Development costs </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">10</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">7,296</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">6,569&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Deferred income tax assets </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">2,882</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">3,210&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Goodwill </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">12</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">187,502</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">187,502&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Contract assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">2,910</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">2,911&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Derivative assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">717</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">768&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Other non-current assets </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">428</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">422&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">431,102</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">442,746&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">Liabilities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Current liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Accounts payable and accrued liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">4</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">20,144</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">24,077&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Provisions</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">13</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">324</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">237&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Sales tax payable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">5,802</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">5,594&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Income tax payable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">113</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">61&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Consideration payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">14</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">1,894</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">1,894&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Operating facility and loans</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">17,700</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">17,700&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Contract liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">16</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">10,053</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">10,909&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Lease obligations on right-of-use assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">2,910</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">2,719&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">58,940</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">63,191&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Long term liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Operating facility and loans</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">78,700</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">83,125&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Contract liabilities</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">16</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">3,526</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">3,642&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Non-current lease obligations on right-of-use assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">8</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">11,049</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">11,612&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Deferred income tax liabilities </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">13,101</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">14,295&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Other non-current liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">1,546</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">766&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">166,862</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">176,631&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">Shareholders&#8217; equity</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Share capital</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">380,495</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">379,924&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Contributed surplus</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">18,223</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">18,132&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Accumulated other comprehensive income</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">1,242</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">1,335&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">Accumulated deficit</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">(135,720)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">(133,276)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">264,240</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">266,115&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:700;line-height:114%">431,102</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:114%">442,746&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:56.089%"><tr><td style="width:1.0%"></td><td style="width:36.328%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:29.757%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:30.615%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">Approved by the Board</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">(Signed)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">Al Guarino</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">Director</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">(Signed)</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">Allan Brett</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:100%">Director</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The accompanying notes are an integral part of these condensed consolidated interim financial statements.</font></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_19"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.25pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of loss and comprehensive loss</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12.25pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:43.843%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.765%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.495%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.497%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i951882158c304f5097a7f959d5cd1f2e_0-0-1-1-111646"></font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Three month periods ended </font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">$</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">$</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Revenue</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">19</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">63,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">64,051&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Cost of sales</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">19,000</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">20,714&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Gross profit</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">44,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">43,337&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Sales and marketing</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">16,517</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">15,648&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Research and development</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">9,315</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">9,429&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">General and administration</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">19,114</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">19,293&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Foreign currency exchange loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">55</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">36&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;&#160;Interest expense (net)</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">4,8,14,15</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">1,662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">1,578&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;&#160;Restructuring and business integration costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">52&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Gain on change in fair value of consideration payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">14</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(1,581)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Loss before income tax</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(2,791)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(1,118)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Provision for income taxes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Current </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">11</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">385</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">41&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Deferred</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">11</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(732)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">817&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Net loss</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(2,444)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(1,976)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Other comprehensive income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Items to be reclassified to net income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Change in fair value of interest rate swaps, net of tax</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">15</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(93)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Comprehensive loss</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(2,537)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(1,539)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:9pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Loss per share</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Basic</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(iii)</font></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Diluted </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(iii)</font></div></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;text-indent:-4.5pt;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Weighted average number of shares outstanding </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Basic</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">17(iii)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">33,126,673</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">32,952,999</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Diluted</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">17(iii)</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">33,126,673</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">32,952,999</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The accompanying notes are an integral part of these condensed consolidated interim financial statements.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_22"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="margin-bottom:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of changes in shareholders' equity</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:35.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:4.108%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.236%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i27752bbcc8a148b3ba179210abb70d07_0-0-1-1-111646"></font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Number of common shares</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Share capital</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Shares to be issued</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Contributed surplus</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Accumulated other comprehensive earnings</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Accumulated deficit</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Total shareholders' equity</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance, July 1, 2022</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">21,439,632&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">203,032&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">179,132&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">15,055&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">839&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(104,250)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">293,808&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Net loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,976)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,976)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Change in fair value of interest rate swaps, net of tax</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">15</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Deferred tax benefit on share issuance costs</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">857,144&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">12,970&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(12,970)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Common shares issued for options exercised</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(i)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8,797&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">55&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(19)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">36&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Common shares purchased and cancelled</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(i)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(16,200)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(128)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(128)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Share-based compensation expense</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(ii)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Balance, September 30, 2022</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">22,289,373</font></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">215,929</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">166,162</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">15,951</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,276</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(106,226)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">293,092</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance, July 1, 2023</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">33,038,367&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">379,924&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">18,132&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,335&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(133,276)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">266,115&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Net loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(2,444)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(2,444)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Change in fair value of interest rate swaps, net of tax</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">15</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(93)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(93)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Common shares issued for RSU exercised</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(i)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">145,833&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">571&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(571)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Share-based compensation expense</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(ii)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">662&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">662&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Balance, September 30, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">33,184,200</font></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">380,495</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">18,223</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,242</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(135,720)</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">264,240</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="padding-right:4.15pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The accompanying notes are an integral part of these condensed consolidated interim financial statements.</font></div><div style="height:31.5pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_25"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Condensed consolidated interim statements of cash flows</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:53.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.432%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.651%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Three month periods ended</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">September 30, 2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font id="i0317e056e57b45d2ba99e67bca63d867_3-0-1-1-111646"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Operating activities</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Net loss</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(2,444)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,976)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Adjustments for&#58;</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Depreciation of property and equipment</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">7</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,073</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,306&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Depreciation of right-of-use assets </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">759</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">996&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Amortization of intangible assets </font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">9</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">8,361</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8,577&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Amortization of development costs</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">10</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">972</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">422&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Income tax expense (recovery)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">11</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(347)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">858&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Income tax paid</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(39)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(2,532)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Share-based compensation expense </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(ii)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Unrealized foreign exchange gain</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(29)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(46)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Accretion expense </font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8,14</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">108</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">303&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Gain on lease modification</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(34)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Loss on disposal of property and equipment</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">7</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">82</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">81&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Gain on change in fair value of consideration payable</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">14</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,581)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Changes in working capital</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Trade and other receivables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,471</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,174)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Inventories</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">80</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,641)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Contract assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">153</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(433)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Other assets</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">817</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,229&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Sales tax payable</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">208</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(259)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Accounts payable and accrued liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(3,933)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(943)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Provisions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">87</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">37&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Other non current liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">780</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(47)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 10pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Contract liabilities</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(972)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(416)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Net cash provided by operating activities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">7,849</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">3,642&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Investing activities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Purchase of property and equipment</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">7</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(685)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(707)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Development costs</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">10</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(1,915)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,768)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Net cash flows used in investing activities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(2,600)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(2,475)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Financing activities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Repayments of operating facility and loan</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">15</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(4,425)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(4,425)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Repayment of lease obligations on right-of-use assets</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(841)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,066)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Common shares purchased and cancelled</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(i)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(128)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Issuance of common shares for stock options exercised</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17(i)</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">36&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Net cash flows used in financing activities</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(5,266)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(5,583)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Decrease in cash and cash equivalents</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(17)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(4,416)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Cash and cash equivalents, beginning of the period</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">11,156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">12,702&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Cash and cash equivalents, end of the period</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">11,139</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">8,286&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">The accompanying notes are an integral part of these condensed consolidated interim financial statements.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_28"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">1.&#160;&#160;&#160;&#160;General information</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Founded in 1984, Sangoma Technologies Corporation (&#8220;Sangoma&#8221; or the &#8220;Company&#8221;) is publicly traded on the Toronto Stock Exchange (TSX&#58; STC) and NASDAQ (NASDAQ&#58; SANG). The Company was incorporated in Canada, its legal name is Sangoma Technologies&#160;Corporation and its primary operating subsidiaries for fiscal 2024 are Sangoma Technologies&#160;Inc., Sangoma US Inc., Digium Inc., NetFortris Corporation, Star2Star Communications LLC, VoIP Supply LLC, and VoIP Innovations LLC. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Sangoma is a leading provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. Enterprises, small to medium sized businesses (&#8220;SMBs&#8221;) and telecom operators in over 150 countries rely on Sangoma&#8217;s technology as part of their mission critical infrastructures. The product line includes data and telecom boards for media and signal processing, as well as gateway appliances and software. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company is domiciled in Ontario, Canada. The address of the Company&#8217;s registered office is 100 Renfrew Dr., Suite&#160;100, Markham, Ontario, L3R 9R6 and the Company operates in multiple jurisdictions.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_31"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">2.&#160;&#160;&#160;&#160;Significant accounting policies</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_34"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Statement of compliance and basis of presentation</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These interim financial statements for the three month periods ended September 30, 2023 and 2022 have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting, as issued by the International Accounting Standards Board (&#8220;IASB&#8221;).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These interim financial statements do not include all of the disclosures required by International Financial Reporting Standards (&#8220;IFRS Accounting Standards&#8221;) for annual consolidated financial statements and accordingly should be read in conjunction with the Company&#8217;s audited consolidated financial statements for the year ended June 30, 2023 (&#8220;annual financial statements&#8221;) prepared in accordance with IFRS Accounting Standards. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated interim financial statements were authorized for issue by the Board of Directors on November 8, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_43"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">3.&#160;&#160;&#160;&#160;Significant accounting judgements, estimates and uncertainties</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_46"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These unaudited condensed consolidated interim financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as those of the audited consolidated financial statements for the year ended June 30, 2023. They were prepared using the same critical estimates and judgments in applying the accounting policies as those of the audited consolidated financial statements for the year ended June 30, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the interim financial statements requires Management to make judgments, estimates and assumptions that affect the application of accounting policies and reported assets, liabilities, revenue and expenses, consistent with those described in the Company&#8217;s annual financial statements and as described in these interim financial statements. Estimates and underlying assumptions are reviewed on an ongoing basis. Estimates are based on historical experience and other assumptions that are considered reasonable in the circumstances. The actual amount or values may vary in certain instances from the assumptions and estimates made. Changes will be recorded, with the corresponding effect on profit or loss, when, and if, better information is obtained.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_52"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">4.&#160;&#160;&#160;&#160;Financial instruments</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair values of the cash and cash equivalents, trade and other receivables, contract assets, other current assets, accounts payable and accrued liabilities approximate their carrying values due to the relatively short-term nature of these financial instruments. The fair values of operating facility and loans approximate their carrying values due to variable interest loans or fixed rate loan, which represent market rate. Derivative assets and liabilities and consideration payable are recorded at fair value.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are comprised of&#58; </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.605%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i7aca5aa8eafb40c3a40dfc83ed29e3d1_0-0-1-3-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Cash at bank and on hand</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">11,139</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">11,156&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash includes demand deposits with financial institutions and cash equivalents consist of short-term, highly liquid investments purchased with original maturities of three months or less. As at September 30, 2023 and June 30, 2023 the Company had no demand deposits and cash equivalents. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Total interest income and interest expense for financial assets or financial liabilities that are not at fair value through profit or loss can be summarized as follows&#58; </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:22.457%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.701%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.650%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.651%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i5da291831af143ffba95f47956448a84_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Three month periods ended</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">September 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">2022</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Interest income </font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(6)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Interest expense</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">15</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">1,560</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,275&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Accretion expense</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">8, 14</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">108</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">303&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Interest expense (net)</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">1,662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,578&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, foreign currency risk, interest rate risk and market risk.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Credit risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its obligations. Where possible, the Company uses an insurance policy with Export Development Canada (&#8220;EDC&#8221;) for its trade receivables to manage this risk and minimize any exposure. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.611%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.874%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.919%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.049%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font id="i63e668b27b91414ea3101e3736f92343_3-0-1-1-111646"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Trade receivables</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">15,753</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">16,060&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Receivable related to working capital adjustment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">4,681</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">5,845&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Trade and other receivables</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">20,434</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">21,905&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the period ended September 30, 2023, the Company received $1,164 (September 30, 2022 - $nil) cash from the escrow account for the working capital provision related to certain indemnification assets recorded in respect of liabilities assumed on the acquisition of NetFortris. The remaining balance is $4,681 as at September 30, 2023  (June 30, 2023 - $5,845).</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s maximum exposure to credit risk for its trade receivables is summarized as follows with some of the over 90-day receivable not being covered by EDC&#58;  </font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.605%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"><font id="i67db80eac8334b0f9fc77978fb84b21e_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Trade receivables aging&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">0-30 days</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">11,876</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">11,759&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">31-90 days</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">3,131</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,313&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Greater than 90 days</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">1,989</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,554&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">16,996</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">17,626&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expected credit loss provision</font></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(1,243)</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,566)</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">15,753</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">16,060&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The movement in the provision for expected credit losses can be reconciled as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:64.871%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.914%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.915%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"><font id="ib78ec766f59f437798ce69aeda93f390_2-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expected credit loss provision&#58;</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expected credit loss provision, beginning balance</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(1,566)</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(2,281)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net change in expected credit loss provision during the period</font></div></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">323</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">715</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expected credit loss provision, ending balance</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(1,243)</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,566)</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company applies the simplified approach to provide for expected credit losses as prescribed by IFRS 9, which permits the use of the lifetime expected loss provision for all trade receivables and contract assets. The expected </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">credit loss provision is based on the Company&#8217;s historical collections and loss experience and incorporates forward-looking factors, where appropriate.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_58"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Substantially all of the Company&#8217;s cash and cash equivalents are held with major Canadian and US financial institutions and thus the exposure to credit risk is considered insignificant. Management actively monitors the Company&#8217;s exposure to credit risk under its financial instruments, including with respect to trade receivables.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Liquidity risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Liquidity risk is the risk that the Company will not be able to meet its obligations associated with financial liabilities. The Company has a planning and budgeting process in place by which it anticipates and determines the funds required to support its normal operating requirements. The Company coordinates and align this planning and budgeting process with its financing activities through its capital management process.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company holds sufficient cash and cash equivalents and working capital, maintained through stringent cash flow management, to ensure sufficient liquidity is maintained. The following are the undiscounted contractual maturities of significant financial liabilities of the Company as at September 30, 2023&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><br></font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:29.508%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i365fdebc28f54044b95debf5e129aaee_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">within 12 months</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">12-24 months</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">24-36 months</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#62;36 months</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Accounts payable and accrued liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">20,144&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">20,144</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Sales tax payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">5,802&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">5,802</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Consideration payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,894&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,894</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Operating facility and loans</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">17,700&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">22,050&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">20,600&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">36,050&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">96,400</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Lease obligations on right of use assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">3,281&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">3,097&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">2,144&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">6,863&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">15,385</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Other non-current liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,546&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">1,546</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">48,821</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">25,147</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">22,744</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">44,459</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">141,171</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Foreign currency risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A portion of the Company&#8217;s transactions occur in a foreign currency (Canadian Dollars (CAD), Euros (EUR), and Great British Pounds (GBP), Indian Rupees (INR), Philippine Peso (PHP), Australian Dollar (AUD), and Columbia Peso (COP) , therefore, the Company is exposed to foreign currency risk at the end of the reporting period through its foreign denominated cash, trade receivables, contract assets, accounts payable and accrued liabilities. As at September 30, 2023, a 10% depreciation or appreciation of the CAD, EUR, GBP, INR, PHP, AUD and COP currencies against the U.S. dollar would have resulted in an approximate $78 (June 30, 2023 - $76) increase or decrease, respectively, in total comprehensive loss. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest rate risk</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s exposure to interest rate fluctuations is with its credit facility (Note 15) which bears interest at a floating rate. As at September 30, 2023, a change in the interest rate of 1% per annum would have an impact of approximately $753 (September 30, 2022 - $493) per annum in finance costs. The Company also entered an interest rate swap arrangement for its loan facility (Note 15) to manage the exposure to changes in SOFR-rate based interest rate. As described in detail in Note 15, the fair value of the interest rate swaps was a current asset of $1,145 and non-current asset of $717 on September 30, 2023 (June 30, 2023 - current asset of $1,218 and non-current asset of $768). </font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_61"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">5.&#160;&#160;&#160;&#160;Capital management</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s objectives in managing capital are to safeguard the Company&#8217;s assets, to ensure sufficient liquidity to sustain the future development of the business via advancement of its significant research and development efforts, to conservatively manage financial risk and to maximize investor, creditor, and market confidence. The Company considers its capital structure to include its shareholders&#8217; equity and operating facilities and loans. Working capital is optimized via stringent cash flow policies surrounding disbursement, foreign currency exchange and investment decision-making. There have been no changes in the Company&#8217;s approach to capital management during the period and apart from the financial covenants as discussed in Note 15, the Company is not subject to any other capital requirements imposed by external parties.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_64"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">6.&#160;&#160;&#160;&#160;Inventories</font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Inventories recognized in the condensed consolidated interim statements of financial position are comprised of&#58;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.605%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.048%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i30133556091c4a488ac76d4c9f660f08_1-0-1-1-111646"></font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Finished goods</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,526</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">13,860&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Components and parts</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">5,543</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">5,234&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">19,069</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">19,094&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Provision for obsolescence</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(1,179)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,124)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net inventory carrying value</font></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">17,890</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">17,970&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">11</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_70"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">7.&#160;&#160;&#160;&#160;Property and equipment</font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.768%"><tr><td style="width:1.0%"></td><td style="width:20.245%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.009%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.010%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="id01e838754654c8a9a1ac3df461144ee_0-0-1-1-111646"></font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Office furniture</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Stockroom</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">and computer</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Software </font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">and production</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Tradeshow</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Leasehold</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">equipment</font></td><td colspan="3" style="padding:0 1.37pt 0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">equipment</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">equipment</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">improvements</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Cost</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">4,737&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">458&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">10,451&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">47&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">475&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">16,168&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">846&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">3,170&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">4,016&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Disposals</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(217)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(754)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(25)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(996)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">5,366</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">458</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">12,867</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">47</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">450</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">19,188</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">221&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">440&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">24&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">685&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Disposals</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(139)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(139)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">5,587</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">458</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">13,168</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">47</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">474</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">19,734</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Accumulated depreciation</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">2,452&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">413&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">2,759&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">47&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">223&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">5,894&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Depreciation expense</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">976&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">21&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">3,670&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">62&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">4,729&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Disposals</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(64)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(523)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(587)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">3,364</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">434</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">5,906</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">47</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">285</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">10,036</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Depreciation expense</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">199&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">5&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">857&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">12&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">1,073&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Disposals</font></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(57)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(57)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">3,563</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">439</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">6,706</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">47</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">297</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">11,052</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Net book value as at&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">2,002&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">24&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">6,961&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">165&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">9,152&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">2,024</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">19</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">6,462</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">177</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">8,682</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_73"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three month period ended September 30, 2023, depreciation expense of $245 (September 30, 2022 - $263) was recorded in general and administration expense in the condensed consolidated interim statements of loss and comprehensive loss. Depreciation expense in the amount of $828 was included in cost of sales for the three month period ended September 30, 2023 (September 30, 2022 - $1,043).</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">12</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_79"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">8.&#160;&#160;&#160;&#160;Leases&#58; Right-of-use assets and lease obligations</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s lease obligations and right-of-use assets are presented below&#58;  </font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.771%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.278%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.651%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i9f7f9d48aded45bb86d60ddbe5b85901_0-0-1-1-111646"></font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Right-of-use assets</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Present value of leases</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance as at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">23,230&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">41&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Terminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,089)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">22,182&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">371&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Terminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,423)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">21,130&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Accumulated depreciation and repayments</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance as at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">6,256&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Depreciation expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,778&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Terminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,004)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">9,030&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Depreciation expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">759&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Terminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,423)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">8,366&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Net book value as at&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30, 2023</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">13,152&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30, 2023</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">12,764</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:43.451%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.529%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Lease Obligations</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Present value of leases</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance as at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">17,989&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">41&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Adjustments due to lease modification</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(36)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Repayments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(4,072)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Accretion expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">476&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Terminations</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(54)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Effects of movements on exchange rates</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(13)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">14,331&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">371&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Repayments</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(841)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Accretion expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">108&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Effects of movements on exchange rates</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(10)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,959</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Lease Obligations - Current</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2,910</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Lease Obligations - Non-current</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">11,049</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,959</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">13</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_85"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">9.&#160;&#160;&#160;&#160;Intangible assets</font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.404%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.265%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.325%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.331%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="ie78b32816b4940068fe4f8b83e54038a_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Other</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Purchased</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Customer</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">purchased</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Note</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">technology</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">relationships</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Brand</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">intangibles</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Cost</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">110,123&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">126,456&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">6,787&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,748&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">246,114&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">110,123&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">126,456&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">6,787&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,748&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">246,114&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">110,123</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">126,456</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">6,787</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2,748</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">246,114</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Accumulated amortization</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">23,906&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">25,464&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,820&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,555&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">54,745&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Amortization expense</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">17,670&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">15,357&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">766&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">139&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">33,932&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">41,576&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">40,821&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,586&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2,694&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">88,677&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Amortization expense</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">4,418&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,775&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">158&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">10&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">8,361&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">45,994</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">44,596</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">3,744</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2,704</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">97,038</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Net book value as at&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">68,547&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">85,635&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,201&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">54&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">157,437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">64,129</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">81,860</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">3,043</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">44</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">149,076</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_88"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense is included in general and administration expense in the condensed consolidated interim statements of loss and comprehensive loss.  For the three month period ended September 30, 2023, amortization expense was $8,361 (September 30, 2022 - $8,577).</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_94"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">10.&#160;&#160;&#160;&#160;Development costs</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:82.714%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.086%"></td><td style="width:0.1%"></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font id="i930a7a76fb294fb795281fe5a1bd0cc5_1-0-1-1-111646"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Cost </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">5,969&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">7,250&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Cost fully amortized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(380)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Investment tax credits</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(788)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">12,051&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Investment tax credits</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(216)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,750</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Accumulated amortization</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(3,108)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Amortization</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(2,705)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Cost fully amortized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">331&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(5,482)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Amortization</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(972)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:3.37pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(6,454)</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:59.797%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.451%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.452%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i0f9331b849e647bb9893649c48580f99_0-0-1-1-111646"></font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30, 2023</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Net capitalized development costs</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">7,296</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">6,569</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_97"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Amortization expense is included in general and administration expense in the consolidated interim statements of loss and comprehensive loss. For the three month period ended September 30, 2023, amortization was $972  (September 30, 2022 - $422). In addition to the above amortization, the Company has recognized $8,343 of engineering expenditures as an expense during the three month period ended September 30, 2023 (September 30, 2022 - $9,007).</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">15</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_124"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">11.&#160;&#160;&#160;&#160;Income tax</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company income tax expense is determined as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.673%"><tr><td style="width:1.0%"></td><td style="width:61.379%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:17.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.661%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i532411d20db34d9f82cafaffbbbd07ec_0-0-1-1-111646"></font></td><td colspan="3" style="display:none"></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Three month periods ended</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">September 30, 2022</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Statutory income tax rate</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">26.15%</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">26.37%</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Loss before income tax</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(2,791)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(1,118)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expected income tax expense</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(715)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(292)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Difference in foreign tax rates</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">8</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(8)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Share based compensation </font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">170</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">239&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Other non deductible expenses</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(30)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">19&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Changes in estimates</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">194</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Scientific Research and Experimental Development (SR&#38;ED)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">26</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Sec 481(a) adjustment</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">34&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Gain on consideration payable</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(415)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Stock options deduction revaluation adjustment</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,167&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Earn-out amortization</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">46&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Changes in tax benefits not recognized</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">68&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Income tax expense</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(347)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">858&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">The Company&#8217;s income tax expense is allocated as follows&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Current tax expense</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">385</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">41&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deferred income tax expense</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(732)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">817&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Income tax expense</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">(347)</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">858&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_130"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">12.&#160;&#160;&#160;&#160;Goodwill</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The carrying amount and movements of goodwill was as follows&#58; </font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:51.144%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">210,009&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Goodwill Impairment</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(22,507)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">187,502&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">187,502</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">There is no addition to goodwill for the three month period ended September 30, 2023. The Company has evaluated for triggers of impairment at September 30, 2023 and has not identified any indicators of impairment. </font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">16</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_136"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">13.&#160;&#160;&#160;&#160;Provisions</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.284%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.803%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.807%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i6e0f0dad179b4bd1bc24919958f0313b_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Sales returns</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Stock</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Warranty</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">&#38; allowances</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">rotation</font></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">provision</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">provision</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">provision</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at July 1, 2022</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">73&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">127&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">200&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additional provision recognized</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">11&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(68)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">94&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">37&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance at June 30, 2023</font></div></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">84&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">59&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">94&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">237&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 4.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additional provision recognized (used)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">48&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(5)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">44&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">87&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance at September 30, 2023</font></div></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">132</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">54</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">138</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">324</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The provision for warranty obligations represents the Company&#8217;s best estimate of repair and&#47;or replacement costs to correct product failures. The sales returns and allowances provision represent the Company&#8217;s best estimate of the value of the products sold in the current financial period that may be returned in a future period. The stock rotation provision represents the Company&#8217;s best estimate of the value of the products sold in the current financial period that may be exchanged for alternative products in a future period. The Company accrues for product warranties, stock rotation, and sales returns and allowances at the time the product is delivered. </font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_139"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">14.&#160;&#160;&#160;&#160;Consideration payable</font></div><div style="text-align:justify"><font><br></font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three month period ended September 30, 2023, the Company made payments of $nil (September 30, 2022 - $nil), recognized accretion expense of $nil (September 30, 2022 - $59), and recognized a loss on change in fair value of $nil (September 30, 2022 - gain of $1,581).</font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The fair value of consideration payable as of September 30, 2023 in the amount of $1,894 (June 30, 2023 - $1,894) was determined using an effective tax rate of 26.22% (June 30, 2023 &#8211; 26.22%) and a discount rate of 4.9% (June 30, 2023 &#8211; 4.9%). The fair value of the consideration payable is dependent upon the Company&#8217;s ability to utilize the underlying tax losses as they become available in each reporting period. </font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_151"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_157"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9.5pt;font-weight:400;line-height:112%">fair value of consideration payable </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">as at September 30, 2023 is summarized below&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:46.656%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:51.144%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i2a554cf7efa0448a8e8e77fccc09a9e8_0-0-1-1-111646"></font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Opening balance, July 1, 2022</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">12,768</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Payments</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(8,334)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Accretion value of earn out</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">435</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Gain on change in fair value</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(2,975)</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Ending balance, June 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,894</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Ending balance, September 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">1,894</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Consideration payable - Current</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">1,894</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_160"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">15.&#160;&#160;&#160;&#160;Operating facility and loan and derivative assets and liabilities</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(a)&#160;&#160;&#160;&#160;Operating facility and loan</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:8.57pt">On October 18, 2019, the Company entered into a loan facility with two banks and drew down $34,800 which is repayable in quarterly installment of $1,450 over 5 years on a straight line basis. Separately, as required under the agreement, the Company locked in half of the original loan amount by entering a 5-year interest rate credit swap with the two banks for $8,700 each. The balance outstanding against this term loan facility as of September 30, 2023 is $11,600 (June 30, 2023 - $13,050). As at September 30, 2023, term loan facility balance of $5,800 (June 30, 2023 - $5,800) is classified as current and $5,800 (June 30, 2023 - $7,250) as long-term in the condensed consolidated interim statements of financial position. </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:5.8pt">On March 31, 2021, the Company amended its term loan facility with its lenders and drew down a second loan of $52,500 to fund part of the acquisition of StarBlue Inc.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The second loan is repayable, on a straight-line basis, through quarterly payments of $2,188 and matures on December 31, 2024. As at September 30, 2023, $8,750 (June 30, 2023 - $8,750) is classified as current and $21,875 (June 30, 2023 - $24,063) is classified as long-term in the condensed consolidated interim statements of financial position.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.03pt">On March 28, 2022, the Company amended its term loan facility with its lenders and drew down a third loan of $45,000 to fund part of the acquisition of NetFortris Corporation. The loan is repayable, on a straight-line basis, through quarterly payments of $1,875 and is due to mature on March 28, 2027. On June 28, 2022, the Company amended its term loan facility with its lenders, the amended repayment for the first twelve quarterly payments of $788 and $2,963 thereafter.  As at September 30, 2023, $3,150 (June 30, 2023 - $3,150) is classified as current and $37,125 (June 30, 2023 - $37,912) is classified as long-term in the condensed condensed consolidated interim statements of financial position.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(iv)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:3.57pt">On April 6, 2023 the Company increased the amount of the revolving credit facility from $6,000 to $20,000 and the amount of the swingline credit facility from $1,500 to $5,000. As of September 30, 2023, the amount of $13,900 (June 30, 2023 - $13,900) remains outstanding and is classified as long term in the condensed consolidated interim statements of financial position.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_163"></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three month period ended September 30, 2023, the Company incurred interest costs to service its borrowing facilities, comprising of the loans and operating facilities, in the amount of $1,560 (September 30, 2022 - $1,275). During the three month period ended September 30, 2023, the Company borrowed $nil (September 30, 2022 - $nil) in term loans and repaid $4,425 ( September 30, 2022 - $4,425).  </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_169"></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under its credit agreements with its lenders, the Company must satisfy certain financial covenants, principally in respect of total funded debt to earnings before interest, taxes and amortization (&#8220;EBITDA&#8221;), and debt service coverage ratio. As at September 30, 2023, and June 30, 2023 the Company was in compliance with all covenants related to its credit agreements. </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(b)&#160;&#160;&#160;&#160;Derivative assets and liabilities </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company uses derivative financial instruments to hedge its exposure to interest rate risks. All derivative financial instruments are recognized as either assets or liabilities at fair value on the condensed consolidated interim statements of financial position. Upon entering into a hedging arrangement with an intent to apply hedge accounting, the Company formally documents the hedge relationship and designates the instrument for financial reporting purposes as a fair value hedge, a cash flow hedge, or a net investment hedge. When the Company determines that a derivative financial instrument qualifies as a cash flow hedge and is effective, the changes in fair value of the instrument are recorded in accumulated other comprehensive loss, net of tax in the condensed consolidated interim statements of financial position and will be reclassified to earnings when the hedged item affects earnings. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">18</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The interest rate swap arrangement with two banks became effective on January 31, 2020, with a maturity date of December 31, 2024. The notional amount of the swap agreement at inception was $17,400 and decreases in line with the term of the loan facility.  Effective March 31, 2022, Sangoma US Inc. entered into a fixed rate swap transaction worth $43,750 over a five year period and terminating on February 28, 2027. As of September 30, 2023, the notional amount of the interest rate swap was $38,149 (June 30, 2023 &#8211; $39,621). The interest rate swap has a weighted average fixed rate of 1.80% (June 30, 2023 &#8211; 1.80%) and have been designated as an effective cash flow hedge and therefore qualifies for hedge accounting. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As at September 30, 2023, the fair value of the interest rate swap assets were valued at current of $1,145 (June 30, 2023 - $1,218) and non-current $717 (June 30, 2022 &#8211; $768). The current and non-current derivative assets were recording in the condensed consolidated interim statements of financial position.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_172"></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three month period ended September 30, 2023, the change in fair value of the interest rate swaps, net of tax, was a loss of $93 (September 30, 2022 &#8211; gain of $437) recorded in other comprehensive loss in the condensed consolidated interim statements of loss and comprehensive loss. The fair value of interest rate swap is determined based on the market conditions and the terms of the interest rate swap agreement using the discounted cash flow methodology. Any differences between the hedged SOFR rate and the fixed rate are recorded as interest expense on the same period that the related interest is recorded for the loan facility based on the SOFR rate.</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_178"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">16.&#160;&#160;&#160;&#160;Contract liabilities</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract liabilities, which includes deferred revenues, represent the future performance obligations to customers in respect of services or customer activation fees for which consideration has been received upfront and is recognized over the expected term of the customer relationship. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Contract liabilities as at September 30, 2023, and June 30, 2023 are below&#58;</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">           </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.198%"><tr><td style="width:1.0%"></td><td style="width:51.888%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:45.912%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i35090cc130b542568665dede73b42814_0-0-1-1-111646"></font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Opening balance, July 1, 2022</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">15,067</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Revenue deferred during the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">23,839</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deferred revenue recognized as revenue during the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(24,355)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Ending balance, June 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">14,551</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Revenue deferred during the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">9,185</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deferred revenue recognized as revenue during the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(10,157)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Ending balance, September 30, 2023</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,579</font></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Contract liabilities - Current</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">10,053</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Contract liabilities - Non-current</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,526</font></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 7.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,579</font></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">19</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_181"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">17.&#160;&#160;&#160;&#160;Shareholders' equity</font></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(i)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:8.57pt">Share capital</font></div><div style="padding-left:28.8pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s authorized share capital consists of an unlimited number of common shares without par value. As at September 30, 2023 and 2022, the Company&#8217;s issued and outstanding common shares consist of the following&#58; </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.557%"><tr><td style="width:1.0%"></td><td style="width:43.127%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:28.005%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.568%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Three month periods ended</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">September 30, 2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"><font id="i6b3fccdd84b8427b88bf25734858b340_3-0-1-1-111646"></font></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">#</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">#</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Shares issued and outstanding&#58;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Outstanding, beginning of the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">33,038,367</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">21,439,632</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Shares issued as installment for shares to be issued</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#8212;</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">857,144</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Shares purchased and cancelled</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#8212;</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">(16,200)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Shares issued upon exercise of options</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">&#8212;</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">8,797</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">Shares issued upon exercise of RSUs</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">145,833</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">&#8212;</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">Outstanding, end of the period</font></div></td><td colspan="3" style="display:none"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:114%">33,184,200</font></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:114%">22,289,373</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_549755815108"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three month period ended September 30, 2023, a total of 145,833 (September 30, 2022 &#8211; nil) shares were issued upon the exercise of Restricted Share Units, and the Company recorded a charge of $571 (September 30, 2022 &#8211; $nil) from contributed surplus to share capital.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_193"></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(ii)&#160;&#160;&#160;&#160;Share based payments</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On December 13, 2022, the Corporation&#8217;s shareholders approved the Omnibus Equity Incentive Plan (the &#8220;Plan&#8221;), which replaces the previous share option plan (the &#8220;Legacy Plan&#8221;). No further grants will be made under the Legacy Plan. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the Plan, the Company may grant participants Options, Performance Share Units (PSUs), Restricted Share Units (RSUs) and Deferred Share Units (DSUs). The PSUs, RSUs and DSUs are redeemable either for one common share or for an amount in cash equal to the fair market value of one common share (at the option of the Company and as set out in the participant&#8217;s equity award agreement). All PSUs, RSUs and DSUs are accounted for as equity-settled awards.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">DSUs generally vest immediately and become redeemable once a director no one longer serves on the board of the Company. RSUs vest over a three-year period after the date of grant. The expense is measured based on the fair value of the awards at the grant date.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">PSUs vest in full at the end of a three-year period and the final amount is based 50% on market-based performance targets being met and 50% on non-market-based performance targets, with the conversion ratio for vested PSUs being from 0% to 150%. The expense related to the PSUs is measured (i) based on the fair value of the awards at the grant date using the Monte Carlo simulation, with respect to the 50% based on the market-based performance targets, and (ii) based on the fair value of the awards at the grant date using the volume weighted average trading price per share on the TSX during the immediately preceding five trading days.</font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_196"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three month period ended September 30, 2023, the Company recognized share-based compensation expense in the amount of $662 (September 30, 2022 - $915).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">20</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_202"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Stock Options</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Under the Plan (and previously under the Legacy Plan), employees are periodically granted share options to purchase common shares at prices not less than the market price of the common shares on the day prior to the date of grant or the volume weighted average trading price per share on the TSX during the five trading days immediately preceding the grant date. The fair value of each option grant is estimated at the date of grant using the Black-Scholes option pricing model. Expected volatility is determined by the amount the Corporation&#8217;s daily share price fluctuated over a period commensurate with the expected life of the options. During the three month period ended September 30, 2023 and September 30, 2022, the Corporation did not grant any options.</font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table shows the movement in the stock option plan&#58;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.617%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.541%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.542%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="ifa766f8c57f94c1ab373f52b2dd065a2_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Number</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Weighted</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">of options</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">average price</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%"># </font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance, July 1, 2022</font></div></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,207,908</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">14.02</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Exercised</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(8,797)</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(4.04)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Expired</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(21,332)</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(11.60)</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Forfeited</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(14,226)</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(12.86)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Balance, September 30, 2022</font></div></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,163,553</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">14.16</font></td></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Balance, July 1, 2023</font></div></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">723,051</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">13.58</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Forfeited</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(22,939)</font></td><td colspan="3" style="padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(12.57)</font></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Balance, September 30, 2023</font></div></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">700,112</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13.61</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_549755815065"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes information about the stock options outstanding and exercisable at the end of each period&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:15.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.844%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"></td><td colspan="18" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Three month periods ended</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="9" style="border-left:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">September 30, 2022</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">Number of</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">Weighted</font></td><td colspan="3" style="border-left:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Number of</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Weighted</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">Number of</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">stock options</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">average</font></td><td colspan="3" style="border-left:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Number of</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">stock options</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">average</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">stock options</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">outstanding and</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">remaining</font></td><td colspan="3" style="border-left:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">stock options</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">outstanding</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">remaining</font></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">Exercise price</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">outstanding</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">exercisable</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">contractual life</font></td><td colspan="3" style="border-left:0.5pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">outstanding</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">and exercisable</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">contractual life</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$3.01 - $5.00</font></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">0</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">18,455&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">17,112&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">0.24</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$5.01 - $7.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">61,766</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">59,606</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">0.24</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">69,393&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">52,139&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">1.24</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$7.01 - $9.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">209,500</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">65,507</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">3.75</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">245,000&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">4.75</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$9.01 - $12.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">104,698</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">71,389</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">1.68</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">196,926&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">95,145&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2.68</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$12.01 - $15.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">48,125</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">20,005</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">3.50</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">55,000&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">4.50</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$15.01 - $18.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">150,045</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">88,023</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">2.75</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">180,572&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">56,617&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3.75</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$18.01 - $20.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">22,856</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">11,444</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">2.75</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">285,711&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">71,431&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3.98</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$20.01 - $27.00</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">103,122</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">64,598</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">2.36</font></td><td colspan="2" style="border-left:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">112,496&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">42,755&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3.36</font></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">700,112</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">380,572</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">2.66</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-left:0.5pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">1,163,553&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">335,199&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:0.25pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3.63</font></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Share Units</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table summarizes information about the DSUs, RSUs and PSUs granted, exercised and forfeited during the three month period ended September 30, 2023. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.002%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">DSU</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">PSU</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">RSU</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Awards outstanding July 1, 2023</font></div></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">66,391&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:100%">130,000&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">130,000&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">326,391&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Awards granted during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">102,500&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">102,500&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Awards exercised during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(145,833)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(145,833)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Awards forfeited during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(17,500)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(11,667)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(29,167)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Awards outstanding September 30, 2023</font></div></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">66,391&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">112,500&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">75,000&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">253,891&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three month period ended September 30, 2023, 102,500 RSU were granted (September 30, 2022 &#8211; nil). The fair value of each RSU issued during three month period ended September 30, 2023 is $3.98 per share (September 30, 2022 &#8211; nil).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the three month periods11,139 ended September 30, 2023 and September 30, 2022, no PSU or DSU were issued. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_211"></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">(iii)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:3.03pt">Loss per share</font></div><div style="padding-left:20.7pt;text-align:justify;text-indent:-10.35pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Both the basic and diluted loss per share have been calculated using the net loss attributable to the shareholders of the Company as the numerator.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.938%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.939%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"><font id="i7f4499860f244b18ba583e64f155daf7_0-0-1-1-111646"></font></td><td colspan="6" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Three month periods ended</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">September 30, 2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">September 30, 2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Number of shares&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Weighted average number of shares outstanding</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">33,126,673</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">21,971,685</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Shares to be issued</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">&#8212;</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">10,981,314</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Weighted average number of shares used in basic earnings per share</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">33,126,673</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">32,952,999</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Weighted average number of shares used in diluted earnings per share</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">33,126,673</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">32,952,999</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Net loss for the period</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(2,444)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$</font></td><td colspan="2" style="padding:2px 1.37pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(1,976)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">Loss per share</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Basic loss per share</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$</font></td><td colspan="2" style="padding:2px 1.37pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(0.06)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">Diluted loss per share</font></td><td style="border-bottom:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">$</font></td><td style="border-bottom:1pt solid #b6b6b6;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:114%">(0.07)</font></td><td style="border-bottom:1pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">$</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;padding:2px 1.37pt 2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:114%">(0.06)</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_214"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">18.&#160;&#160;&#160;&#160;Related parties</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company&#8217;s related parties include key management personnel and directors. Unless otherwise stated, none of the transactions incorporated special terms and conditions and no guarantees were given or received. Outstanding balances payable are usually settled in cash and relate to director fees.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company had incurred no related party transactions and had no outstanding balance with related parties for the three month periods ended September 30, 2023 and 2022. </font></div><div style="text-align:justify"><font><br></font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_220"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">19.&#160;&#160;&#160;&#160;Segment disclosures</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates as one operating segment&#59; development, manufacturing, distribution and support of voice and data connectivity components for software-based communication applications. The majority of the Company&#8217;s assets are located in Canada and the United States of America (&#8220;USA&#8221;). The Company sells into three major geographic centers&#58; USA, Canada and other foreign countries. The Company has determined that it has a single reportable segment as the Company&#8217;s decision makers review information on a consolidated basis.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenues for group of similar products and services can be summarized for the three month periods ended September 30, 2023 and 2022 as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.198%"><tr><td style="width:1.0%"></td><td style="width:59.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.772%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i91e444a6cafd4c88a1070a494f4501cd_0-0-1-1-111646"></font></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Three month periods ended</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Products</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">11,872</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">15,727&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Services</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">51,156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">48,324&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Total revenues</font></td><td colspan="2" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">63,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #929292;border-top:0.5pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">64,051&#160;</font></td><td style="border-bottom:1pt solid #929292;border-top:0.5pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The sales in each of these geographic locations for the three month periods ended September 30, 2023 and 2022 as follows&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.198%"><tr><td style="width:1.0%"></td><td style="width:59.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.770%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:18.772%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Three month periods ended</font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"><font id="i726bc72202a74efb8dad71ee2e31bf11_1-0-1-1-111646"></font></td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2022</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$</font></td><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">USA</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">58,693</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">59,682&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Canada</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">990</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">1,008&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">All other countries</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">3,345</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,361&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Total revenues</font></td><td colspan="2" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">63,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #929292;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #929292;border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">64,051&#160;</font></td><td style="border-bottom:1pt solid #929292;border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The non-current assets, in US dollars, in each of the geographic locations as at September 30, 2023, and June 30, 2023 are below&#58;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:58.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.252%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.254%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:0 1pt"><font id="i4c89ff5707144d529a35e48abd6ec4bc_0-0-1-1-111646"></font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">September 30</font></td><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">June 30</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">2023</font></td><td colspan="3" style="padding:2px 1.37pt 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">2023</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Canada</font></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">5,884</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">6,309&#160;</font></td><td style="border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">USA</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">366,373</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">374,814&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Total non-current assets</font></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">372,257</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">381,123&#160;</font></td><td style="border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">23</font></div></div></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_241"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:100%">Sangoma Technologies Corporation</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">Notes to the condensed consolidated interim financial statements</font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:13pt;font-weight:400;line-height:100%">For the three month periods ended September 30, 2023 and 2022</font></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Unaudited in thousands of US dollars, except per share data)</font></div></td></tr></table></div></div><div style="margin-bottom:0.06pt;margin-top:0.06pt;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">20.&#160;&#160;&#160;&#160;Authorization of the consolidated financial statements</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The condensed consolidated interim financial statements were authorized for issuance by the Board of Directors on November 8, 2023.</font></div><div id="i0be6055fdcd94d4ab75e5d29dc9efac2_244"></div><div style="margin-bottom:0.06pt;margin-top:0.06pt"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>mda2024q1.htm
<DESCRIPTION>EX-99.2
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="if29b61171b864391a1f8249844332803_1"></div><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><img alt="sangomab.jpg" src="sangomab.jpg" style="height:130px;margin-bottom:5pt;vertical-align:text-bottom;width:406px"></div><div style="text-align:center"><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-style:italic;font-weight:700;line-height:120%">Management discussion and analysis of financial </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-style:italic;font-weight:700;line-height:120%">condition and results of operations for the </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-style:italic;font-weight:700;line-height:120%">three month period ended September 30, 2023</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div><div><font><br></font></div></div></div><div id="if29b61171b864391a1f8249844332803_4"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">TABLE OF CONTENTS</font></div><div><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.113%"><tr><td style="width:1.0%"></td><td style="width:90.406%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.394%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font id="i01cfa117fb7e447d816332ffadb21a94_0-0-1-1-111645"></font><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_7" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">INTRODUCTION</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_7" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">3</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_10" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">OVERVIEW</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_10" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">5</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_16" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">RESULTS OF OPERATIONS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_16" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">13</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_19" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">QUARTERLY RESULTS OF OPERATIONS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_217" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">18</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_220" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">LIQUIDITY AND CAPITAL RESOURCES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_220" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">19</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_232" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">CONTRACTUAL OBLIGATIONS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_232" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_238" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">OFF-BALANCE SHEET ARRANGEMENTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_238" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_238" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">RELATED PARTY TRANSACTIONS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_238" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">21</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_241" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">CRITICAL ACCOUNTING POLICIES AND ESTIMATES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_241" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">22</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_241" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">FINANCIAL INSTRUMENTS AND OTHER INSTRUMENTS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_241" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">22</a></font></div></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_265" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">CONTROLS AND PROCEDURES</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_265" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">22</a></font></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:2.75pt;text-align:justify"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_271" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">GLOSSARY OF TERMS</a></font></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:2.75pt;padding-right:2.75pt;text-align:right"><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_271" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%;text-decoration:underline">23</a></font></div></td></tr></table></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><font><br></font></div></div></div><div id="if29b61171b864391a1f8249844332803_7"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font id="i1206508e10d74216b88748fb517ee37d_7239"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">INTRODUCTION</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">As used in this Management Discussion and Analysis (&#8220;MD&#38;A&#8221;), unless the context indicates or requires otherwise, all references to the &#8220;Company&#8221;, &#8220;Sangoma&#8221;, &#8220;we&#8221;, &#8220;us&#8221;, or &#8220;our&#8221; refer to Sangoma Technologies Corporation, together with our subsidiaries, on a consolidated basis as constituted on September 30, 2023.  The MD&#38;A is for the first quarter of fiscal 2024 ended September 30, 2023 and is comparing it with the same period in the previous year. This MD&#38;A should be read in conjunction with Sangoma&#8217;s unaudited interim consolidated financial statements for the three month period ended September 30, 2023 and Sangoma&#8217;s audited annual consolidated financial statements and related notes for the year ended June 30, 2023 (&#8220;Financial Statements&#8221;), which have been prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;). All amounts are in thousands of United States dollars except where otherwise indicated.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Additional information about us, including copies of our continuous disclosure materials, is available on our website at www.sangoma.com, through the EDGAR website at www.sec.gov or through the SEDAR+ website at www.sedarplus.ca.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This MD&#38;A is dated as of November 8, 2023.</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_1177"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">NON-IFRS MEASURES </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This MD&#38;A contains references to certain non-IFRS financial measures such as Adjusted EBITDA and Adjusted Cash Flow. Non-IFRS financial measures are used by management to evaluate the performance of the Company and do not have any meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other reporting issuers. Non-IFRS financial measures used herein have been applied on a consistent basis. &#8220;Adjusted EBITDA&#8221; means earnings before income taxes, interest expense (net), share-based compensation, depreciation (including for right-of-use assets), amortization, restructuring and business integration costs, exchange listing expense, business acquisition costs, goodwill impairment and change in fair value of consideration payable. Adjusted EBITDA is a measure used by many investors to compare issuers. &#8220;Adjusted Cash Flow&#8221; means net cash flows from operating activities as defined by IFRS less the capitalized development costs that Sangoma amortized during the period, plus interest expense (net), business acquisition costs paid, restructuring and business integration costs, and exchange listing expense. We believe that Adjusted EBITDA and Adjusted Cash Flow are useful supplemental information as they provide an indication of the results generated by the Company's main business activities before taking into consideration how they are financed, taxed, depreciated or amortized. Investors are cautioned that non-IFRS financial measures, such as those presented herein, should not be construed as an alternative to net income or cash flow determined in accordance with IFRS. The reconciliation of the closest IFRS measure to each non-IFRS measure is set out on pages </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_202" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">16</a></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">, and </font><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#if29b61171b864391a1f8249844332803_220" style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">19</a></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> herein.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_1192"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">FORWARD-LOOKING STATEMENTS</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">This MD&#38;A contains forward-looking statements, including statements regarding the future success of our business, development strategies and future opportunities. Forward-looking statements are provided for the purpose of presenting information about management&#8217;s current expectations and plans relating to </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking statements include, but are not limited to, statements relating to management&#8217;s guidance on revenue and Adjusted EBITDA, statements relating to expected inventory levels, statements relating to future lease and interest payments, statements relating to the impact of the continuing COVID-19 pandemic, statements concerning estimates of expected expenditures, statements relating to expected future production and cash flows, and other statements which are not historical facts. When used in this document, the words such as &#8220;could&#8221;, &#8220;plan&#8221;, &#8220;estimate&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;may&#8221;, &#8220;potential&#8221;, &#8220;should&#8221; and similar expressions indicate forward-looking statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Although Sangoma believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date that the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in forward-looking statements. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other events contemplated by the forward-looking statements will not occur. Although Sangoma believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct as these expectations are inherently subject to business, economic and competitive uncertainties and contingencies. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained herein include, but are not limited to, risks and uncertainties associated with changes in exchange rate between the Canadian dollar and other currencies (in particular the United States&#8217; (&#8220;US&#8221;) dollar), changes in technology, changes in the business climate, changes to macroeconomic conditions, including (i) inflationary pressures and potential recessionary conditions, as well as actions taken by central banks and regulators across the world in an attempt to reduce, curtail and address such pressures and conditions, including any increases in interest rates, and (ii) the effects of adverse developments at financial institutions, including bank failures, that impact general sentiment regarding the stability and liquidity of banks, and the resulting impact on the stability of the global financial markets at large, risks related to the COVID-19 (coronavirus) pandemic and any resurgence thereof, our ability to identify and remediate material weaknesses and significant deficiencies in our internal controls, changes in the regulatory environment, the imposition of tariffs, the decline in the importance of the PSTN (as hereinafter defined), impairment of goodwill and new competitive pressures, and acts of terrorism and war, hostilities and conflicts, including, but not limited to, Russia&#8217;s invasion of Ukraine in February 2022 (and associated changes in global trade policies and economic sanctions), and the other risk factors described in our most recently filed Annual Information Form for the fiscal year ended June 30, 2023. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The forward-looking statements contained in this MD&#38;A are expressly qualified by this cautionary statement. Sangoma undertakes no obligation to update forward-looking statements if circumstances or management&#8217;s estimates or opinions should change except as required by law.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font></div></div></div><div id="if29b61171b864391a1f8249844332803_10"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">OVERVIEW</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s products and services are used by leading companies throughout the world and in leading UC, PBX, IVR, contact center, carrier networks, and data communication applications worldwide. Sangoma&#8217;s portfolio of products also enable service providers, carriers, enterprises, SMBs, and OEMs alike to leverage their existing infrastructure for maximum financial return, while still delivering the most advanced applications and services from the latest technologies available. Please refer to the Glossary of Terms for detailed definitions of terms used throughout this MD&#38;A.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Communications as a Service (CaaS) Portfolio</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma is a trusted leader in delivering value-based Communications as a Service solutions for businesses of all sizes. The value-based communications segment includes&#160;small businesses to large enterprises who are looking for all the advantages of cloud-based communications at a fair price. Sangoma&#8217;s current Communications as a Service offerings are typically offered with monthly, yearly, or multi-year contracts and include&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Unified Communications as a Service (&#8220;UCcaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Trunking as a Service (&#8220;TaaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Contact Center as a Service (&#8220;CCaaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Communications Platform as a Service (&#8220;CPaaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Video Meetings as a Service (&#8220;MaaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Collaboration as a Service (&#8220;Collab aaS&#8221;)</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Desktop as a Service (&#8220;DaaS&#8221;)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Unified Communications as a Service (UCaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s UC solutions are business communication systems (PBX&#8217;s with advanced UC features, such as presence&#47;chat, conferencing, mobility, fax, and more) that can be deployed on-premise or hosted in the Cloud, allowing businesses to select the best option for their needs. Unified Communication systems, because of their mobility features such as having the business phone number ring on an app on your smartphone and&#47;or desktop and instant messaging capability, enable remote work and work from home much more efficiently. Sangoma&#8217;s Unified Communication solutions fully integrate with our phones, soft clients, and network interoperability products to provide a fully interoperable solution from a single vendor.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Cloud-Based Business Phone Solution</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma offers its customers full-scale cloud-based Unified Communications solutions. With Sangoma, businesses can get contact center, mobility, softphone, call control, and productivity features included for every user at a reasonable price.  Sangoma&#8217;s hosted phone service delivers the customer experience businesses demand at an affordable price point. Customers can also choose pre-provisioned phones that customers simply plug into their network.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">On-Premise Business Phone Solution</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma also offers the more traditional on-premise UC phone system, for businesses still wanting to deploy their business phone system on premise. Whether deployed on a dedicated appliance or in the customer&#8217;s virtual environment, Sangoma provides the power and connectivity necessary.  </font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">IP Deskphones, Headsets and UC Clients&#58; Sangoma provides desktop and softphone collaboration clients that integrate seamlessly with our UC solution offerings and deliver UC features (presence, contacts, chat, calling, audio and video conferencing, etc.) from a single application, on any device, at any location. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">IP Deskphones&#58; Sangoma offers a full line of phones that work with both our cloud and on-premise systems that are perfect for every user type, from casual to call center to managers and executives. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s product line includes entry-level, mid-range, and executive-level phones. All models include HD Voice and plug-and-play deployment. Sangoma&#8217;s range of IP phones are customized to seamlessly integrate with all of our UC Systems and provide zero touch installation, simplified system management, and instant access to a wide range of features. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Headsets&#58; Sangoma also offers headsets that either work in conjunction with the desktop phones (by plugging into the phone) or work in conjunction to our desktop soft client (by plugging directly into the computer). These headsets enable roaming of up to 325 feet from the phone or desk computer.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">UC Clients and Softphones&#58; Unified Communication Clients (or softphones) are used to make or receive phone calls with your business phone number and can be used as your main phone or as an extension of your desk phone. They are available as an app on your smartphone or computer. These UC clients have enabled employees to work remote seamlessly by enabling phone calls to customers and other employees as if they were in a physical office. Sangoma offers UC clients with all of our Unified Communication &#47; Business phone system product lines.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Trunking as a Service (TaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">SIP trunks deliver Internet-based telephony services to businesses using their existing internet connection, eliminating the need for separate traditional PSTN or digital telecom connections. SIP trunking is fast becoming the technology of choice to interconnect an IP PBX system to a telephone company. The main drivers are cost efficiencies (over fixed lines such as ISDN or analog lines from incumbent telcos) and end-to-end UC features&#47;transparency. Cost efficiencies are realized because SIP trunking uses already-available broadband connections at customer premises. Sangoma offers both retail and wholesale SIP Trunking which allows our customers to choose the service that best meets their needs. Either service offers DIDs and number porting.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Retail SIP Trunking</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Retail SIP trunking offers predictable monthly expenses with pricing based per trunk. SIPStation, Sangoma&#8217;s retail SIP trunking service, is seamlessly integrated into our various UC platforms, making it easy to get up and running. It also includes an integrated fax service option, enabling a business to send and receive faxes from a web interface or from a local fax machine. Typically, small to mid-sized businesses and enterprises would utilize this type of service.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Wholesale SIP Trunking</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s wholesale SIP trunking offer is now available following the acquisition of VoIP Innovations. Pricing for wholesale SIP trunking is usage-based but with a larger monthly minimum commitment. This </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">includes origination, termination, SMS&#47;MMS, e911, and fraud mitigation. Typically, very large businesses or service providers who resell SIP trunks would utilize this type of service.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Fax as a Service</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Faxing remains an important communications tool, yet VoIP networks are sometimes unable to send faxes reliably because fax standards are based on very specific timing that can be interrupted in VoIP systems, especially where there is substantial latency. Sangoma&#8217;s FoIP service, FaxStation, is a hosted service to remedy this problem, available with our TaaS. It features a telecom appliance with up to four analog connections for fax machines and operates in concert with Sangoma&#8217;s fax server data center to encrypt and package the fax communication to make it fail-safe. This is particularly useful for small businesses that rely on fax communications but also for industries with challenging network conditions, such as mining, oil rigs, and ship-to-shore over satellite.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Contact Center as a Service (CCaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Contact Center as a Service (CCaaS) is our cloud-based contact center, or customer experience, offering.  It provides robust contact center capabilities running in various ways&#58;  either standalone, in conjunction with our other cloud services (such as UCaaS), or integrated &#8220;inside&#8221; our UCaaS product in a simplified version.  This latter solution is intended for &#8216;departmental&#8217; type usage, by companies that are not pure-play contact centers, but that might have a department such as customer service or technical support that operate inside that company almost like a mini contact center.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Communications Platform as a Service (CPaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Communications Platform as a Service (CPaaS) allows developers to easily build services and applications using real-time communication features, such as voice, video, chat, and SMS, via the cloud. Our platform enables Sangoma, our integrator&#47;developer partners, and advanced customers to build new communications services based on voice, rest APIs, WebRTC, and SMS. When running an application on a CPaaS platform, performance is critical. To ensure peak performance, Sangoma offers its own SIP trunking service, providing optimized connectivity in addition to easy access to phone numbers. Sangoma also sells a series of &#8216;applications&#8217; (or Apps) based upon our CPaaS product that customers can purchase. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Video Meetings as a Service (MaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma Meet is our video meetings, cloud-based service accessible from any device, be it desktop or mobile. It enables file sharing on screen so collaboration with co-workers is enhanced, integrates seamlessly with your calendar, and enables PSTN phone calls. Sangoma Meet is available in free and chargeable tiers.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Collaboration as a Service (Collab aaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Collaboration as a Service (Collab aaS) is Sangoma&#8217;s cloud-based offering for enabling people to work together more productively. This service is called TeamHub. It allows users to interact using any of the various forms of communications, including chatting, calling, and video. TeamHub integrates Sangoma&#8217;s softphone client software applications (desktop and mobile) and is designed to allow communications to start in one mode (such as chat), and move through different modes very elegantly, in effect &#8216;upgrading&#8217; </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">that mode of communications to a voice call in real time, and&#47;or upgrading that voice call to a video meeting.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Desktop as a Service (DaaS)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s Desktop as a Service helps companies adapt to today&#8217;s modern, flexible, and remote workforce. It is the most secure method for staff to access their tools and applications from any location to do their work, delivers simplified IT administration and cuts down on the CapEx of deploying PCs. Sangoma is one of the only companies that can offer communications capability inside a DaaS product.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">MSP Portfolio</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s cloud-based Managed Service Provider (&#8220;MSP&#8221;) offerings deliver mission critical communication services that businesses need and complement our full line of Communications as a Service solutions. The MSP product line is built upon a tightly integrated, enterprise grade, and end-to-end managed network, which is all supported by an expert 24&#47;7 network engineering team. The current MSP offering includes three primary services&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Managed Security&#58; Sangoma provides a cloud-based service, sometimes called Unified Threat Management (&#8220;UTM&#8221;), whereby the customers network, including voice and data traffic, are secured by intrusion prevention and detection capabilities. The network security service helps protect customers against attacks and data losses from spam, viruses, ransomware, botnets, etc.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Managed SD-WAN&#58; Sangoma offers a cloud-based software-defined approach to managing a customers wide area network. The SD-WAN service enables network redundancy through the ability to manage multiple internet connections from multiple providers, which is seen as one seamless connection for the customer. If one connection fails, the customer does not lose connectivity and has uninterrupted uptime. The service also provides traffic shaping whereby certain types of traffic can be given priority or forced in priority.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Managed Access&#58; Sangoma also provides a robust broadband connectivity solution, including network monitoring, analytics, backup, and a fully PCI-compliant offering for payment card and credit card transactions. Additionally, our Managed Access solution integrates with Managed Security and Managed SD-WAN services, delivering unique capabilities such as secure, end-to-end peering connections to critical destinations (such as Public Cloud sites like AWS and Azure) and Quality of Service commitments. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Network Interconnection Products</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In addition to the CaaS and MSP offerings described above, Sangoma also offers network interconnection products. These products connect different types of networks together, such as VoIP networks to PSTN networks, or VoIP networks to mobile networks or different types of VoIP networks.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Session Border Controllers (SBCs)</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Anytime two VoIP networks interconnect, issues of security and interoperability arise. SBCs can manage these issues, including provider-to-provider connections, provider-to-enterprise connections, and </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">enterprise-to-enterprise connections. Sangoma&#8217;s SBCs are available as hardware appliances, as software-only solutions running on a virtual machine in hosted environments, or as a hybrid of both. The hybrid solution is unique to Sangoma and provides all the flexibility expected from virtual machine capability coupled with the scalability that is found in hardware-based solutions. Sangoma&#8217;s SBCs have broad interoperability certifications. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">VoIP Gateways</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">VoIP gateways are needed any time voice traffic moves from a VoIP network to a traditional PSTN telephone network. As the traffic traverses these networks, there are issues that need to be resolved regarding both the media (the sound of the caller&#8217;s voice) and the signaling (the method used to control the media traveling over that connection). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In a service provider or carrier network, much larger gateways perform these same tasks. In addition, there are signaling protocols that are only used when carrier networks communicate with other carrier networks that are not included in the enterprise product line. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">All Sangoma&#8217;s gateways have broad interoperability certifications.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">PSTN Interface and Media Processing Boards</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma&#8217;s complete line of boards connect and interface to the PSTN.  Even though IP networks are growing and quickly becoming the standard, the PSTN still exists, and new communication solutions often need to connect to the PSTN. These boards are primarily used by communications solution developers in PC&#47;Server based telecommunications systems that connect to the PSTN. They perform a very similar task to VoIP gateways, but are installed inside the server rather than being stand-alone devices. By providing customers with the option of using a PSTN interface board or a VoIP gateway, Sangoma maximizes flexibility based on installation requirements, particularly when space and power are at a premium. They may also be used in harsh conditions that require ruggedized servers. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Open-Source Software Products</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Asterisk and FreePBX</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma is the primary developer and sponsor of the Asterisk project, the world&#8217;s most widely used open-source communications software, and the FreePBX project, the world&#8217;s most widely used open-source PBX software.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma also offers revenue-generating products and services, beyond the open-source Asterisk or FreePBX software, to users of these open-source software projects. The types of products and services Sangoma offers includes software add-ons to Asterisk or FreePBX, IP phones, SIP trunking, cloud-based fax, training, technical support, maintenance, PSTN cards, VoIP gateways, session border controllers, and commercial&#47;hardened versions of the PBX&#47;UC software. </font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">9</font></div></div></div><div id="if29b61171b864391a1f8249844332803_13"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">OVERALL PERFORMANCE </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Operational</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma is a trusted leader in delivering cloud-based CaaS and MSP solutions for businesses of all sizes. Customers include&#160;companies from small&#47;medium businesses (SMB&#8217;s) right up to large enterprises who are looking for all the advantages of cloud-based communications and managed network services at a fair price.&#160;In addition to those cloud-based Services, Sangoma also has a broad suite of Products to complement its Services.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Enterprises, SMBs and carriers in over 150 countries rely on Sangoma&#8217;s technology as part of their mission-critical infrastructures. Through a worldwide network of distribution partners, Sangoma delivers high-quality services and products, some of which carry the industry&#8217;s first lifetime warranty.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma has always been operated and managed as a single economic entity. There is one management team that directs the activities of all aspects of the Company and it is managed globally by our executive team. As a result, we believe that we have one reporting segment, being the consolidated Company. Over time, this may change as the Company grows and when this occurs, we will reflect the change in our reporting practice.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Revenue</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma generates revenue from both Services and Products. Our Services revenue is generated primarily from customers entering recurring revenue agreements. Product revenues are comprised of the sale of products and services that generate non-recurring revenue. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Innovation</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">As a technology company, Sangoma is continuously working on a large number of projects across its broad portfolio of existing products and services. While the Company has introduced several new additions to its portfolio over the last few years, the majority of the Company&#8217;s investment in Research and Development (&#8220;R&#38;D&#8221;) is dedicated to sustaining, improving on and enhancing its broad portfolio of existing products and services. Sangoma believes that innovation is essential to a technology company&#8217;s future. The Company also believes that R&#38;D investment is necessary in order to address the needs of the Company&#8217;s wide-ranging group of customers (which include business of all sizes including service providers, enterprises, small-medium sized businesses, and original equipment manufacturers) in over 150 countries, to keep pace with technology developments in the cloud communications industry, to meaningfully compete in that industry, and to achieve and maintain market acceptance.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company focuses on creating and introducing products to the market as soon as commercially practical and, thereafter, focuses on enhancements to further improve its products. Such product introductions enable the Company to validate product acceptance to some degree, and to get products to market efficiently to start generating revenue. Furthermore, the Company focuses on keeping its product development costs for new projects under control in a number of ways, including by reusing its existing code base where applicable and by leveraging open-source software.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma continues to invest in R&#38;D to develop new products and to improve existing offerings with spending on R&#38;D increasing each year. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Sales and marketing</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">R&#38;D is important, but without Sales and Marketing, customers can be too unaware of the advancements that Sangoma has made in innovation. So, Sangoma continues to increase its investment in both Sales and in Marketing, to promote awareness of the Company, to communicate the critical shift from single products to full solutions to cloud, and to drive customer acquisition.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Sales</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma uses a dual sales path &#8216;go to market&#8217; approach&#58; direct sales to some of our largest customers and indirect distribution to most of our other clients. </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:14.15pt">Direct Sales</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> is typically used for selling to &#8216;service providers&#8217;, OEMs and large enterprise type businesses.   </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Service Providers is a broad category of customers that included telcos, ISPs, ITSPs, wireless&#47;mobile operators, MSPs, UCaaS operators, etc. These types of organizations are potential customers for Sangoma.  </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">OEM partners are companies that &#8216;design in&#8217; Sangoma products as a component of their solutions. OEM customers tend to be committed participants in their given markets and have longer-term focus. It is important to reach these potential customers in the early days of any project to secure &#8216;design wins&#8217; and to have sales and marketing programs that will ensure close collaboration during product and sales development cycles. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Enterprise customers are the classic &#8216;larger&#8217; companies who buy products or services for their own use. This type of customer has similar &#8216;use cases&#8217; to a SMB type customer but is large enough that some prefer to do business directly with Sangoma, the Company often wants a direct relationship with them as well, and they are buying enough for Sangoma to cost effectively service them directly.</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%;padding-left:14.15pt">Indirect Sales</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#58; In most cases, Sangoma uses the indirect or channel model. We value the &#8216;multiplier effect&#8217; of a channel model (i.e., one of our salespeople sells to dozens of partners who sell to hundreds&#47;thousands of customers), the more &#8216;local nature&#8217; of a channel partner who is often based quite near to their end customers, and the more cost-effective structure of indirect distribution in a typical sales cycle. In such cases, Sangoma utilizes this indirect distribution model to reach the full breadth of customers, often based upon a two-tier Channel model&#58;</font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The &#8216;upper tier&#8217; of the indirect model is typically made up of Distributors or Master Agents, who normally sell not to the end customer, but to the &#8216;second tier&#8217; of the channel. Master Agents are now sometimes called Technology Service Brokers or Telecom Solution Distributors.  This upper tier of the channel tends to be larger organizations and cover broader geographic regions.   </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The &#8216;second tier&#8217; of the indirect model is normally made up of Resellers and Agents.  Distributors typically sell to resellers, and Master Agents typically sell to Agents. The Resellers and Agents then sell to end users (with some performing other ancillary services such as installation and&#47;or support). </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The second tier tend to be smaller organizations (though not always) and are usually more &#8216;local&#8217; in nature.</font></div><div style="padding-left:36pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </font></div><div style="padding-left:18pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma has parts of its sales team that focus on Direct customers, whereas the majority focuses on the Channel. In the Channel, partners require frequent attention to keep Sangoma &#8216;on their mind&#8217; in a crowded product marketplace. Therefore, a portion of the Channel sales team services the distributors and master agents as the upper tier of the channel, while a different part of the team focuses on the resellers&#47;agents. Finally, Sangoma has professional sales teams across all our key geographic regions as well.  </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:400;line-height:120%">Marketing</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma also continues to increase its efforts in marketing. The Company has assembled corporate marketing programs with two key objectives in mind&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">to promote the Sangoma brand and positioning, which included conveying the message about the Company&#8217;s full solutions and its Cloud-First approach. </font></div><div style="padding-left:18pt;text-align:justify"><font><br></font></div><div style="padding-left:18pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8226;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;padding-left:14.15pt">leads generation as one of the front-end steps in customer acquisition.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma is now using various marketing techniques typical of technology firms to accomplish those two objectives. This includes participation in tradeshows, speaking at selected industry events, attending specialized seminars run by Sangoma&#8217;s distribution channel and other partners, investing in electronic marketing strategies (e.g., web presence, social media and blogging, online advertising, search engine campaigns, etc.), conducting lead generation campaigns via email&#47;social media&#47;etc., webinars, creating thought leadership pieces, PR, etc. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In addition to the overall corporate messaging, in support of the above two objectives, Sangoma has developed a comprehensive set of channel promotion programs, aimed at the Company&#8217;s indirect partners described above, both distributors&#47;master agents as well as resellers&#47;agents. The Company seeks to attract new channel partners and to grow the business with existing partners.  Sangoma has implemented several incentive programs to reward its channel partners for performance and behaviours that Sangoma believes will grow revenues. </font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">12</font></div></div></div><div id="if29b61171b864391a1f8249844332803_16"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">RESULTS OF OPERATIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">All amounts are in thousands of United States dollars except where otherwise indicated.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SUMMARY</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The following table outlines our unaudited condensed consolidated interim statements of loss and comprehensive loss for the periods indicated&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.361%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.284%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.284%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.284%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.287%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i0c012e5f336546b699ebe84b7da7b98d_0-0-1-1-111645"></font></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Revenue</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">63,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">64,051&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,023)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(2)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Cost of sales</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">19,000</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">20,714&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,714)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(8)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Gross profit</font></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">44,028</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">43,337&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">691&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">2%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Expenses</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Sales and marketing</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">16,517</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">15,648&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">869&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">6%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Research and development</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">9,315</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">9,429&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(114)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">General and administration</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">19,114</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">19,293&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(179)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Foreign currency exchange loss</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">55</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">36&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">19&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">53%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Interest expense (net)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">1,662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">1,578&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">84&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">5%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Restructuring and business integration costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">52&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">104&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">200%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:114%">Gain on change in fair value of consideration payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,581)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">1,581&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(100)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Loss before income tax</font></td><td colspan="2" style="border-top:0.5pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(2,791)</font></td><td style="border-top:0.5pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,118)</font></td><td style="border-top:0.5pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,673)</font></td><td style="border-top:0.5pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">150%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Provision for income taxes</font></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Current</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">385</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">41&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">344&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">839%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Deferred</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(732)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">817&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,549)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(190)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Net loss</font></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(2,444)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,976)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(468)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">24%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr style="height:3pt"><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Other comprehensive income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Items to be reclassified to net income</font></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-right:3.1pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Change in fair value of interest rate swaps, net of tax</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(93)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">437&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(530)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(121)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Comprehensive loss</font></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(2,537)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(1,539)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(998)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">65%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Loss per share</font></div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Basic</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(0.01)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">23%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Diluted</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">(0.01)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">23%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">Weighted average shares outstanding (thousands)</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Basic</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">33,127</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">32,953&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">174&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">1%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">Diluted</font></td><td colspan="2" style="border-bottom:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:700;line-height:120%">33,127</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-bottom:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">32,953&#160;</font></td><td style="border-bottom:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">174&#160;</font></td><td style="border-bottom:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:120%">1%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">13</font></div></div></div><div id="if29b61171b864391a1f8249844332803_19"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">REVIEW OF OPERATIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Revenue</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.358%"><tr><td style="width:1.0%"></td><td style="width:20.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.674%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.222%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.867%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.871%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="21" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended<br></font></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">September 30, 2023</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">September 30, 2022</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">June 30, 2023</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #929292;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.5pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Service revenues</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">51,156</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">48,324</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2,832</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">50,214</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">942</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Percent of total revenues</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">81%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">75%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">79%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Product revenues</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">11,872</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,727</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3,855)</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(25)%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">13,466</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,594)</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(12)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Percent of total revenues</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">25%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(6)%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(24)%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">21%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)%</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Total revenues</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">63,028</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">64,051</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,023)</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(2)%</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">63,680</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(652)</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_25"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sales for the first quarter of fiscal 2024 ended September 30, 2023 were $63,028, down 2% from the $64,051 in the comparable first quarter of fiscal 2023. The year-over-year decrease in quarterly revenue primarily resulted from the the decline in product revenue. The decreased Product revenue is now more in line with the Product revenue we experienced prior to the COVID-19 outbreak and the corresponding hold on Capex spending by customers given the resulting global economic conditions. Services revenue was up 6% from the same quarter of the prior year and up 2% from the immediately preceding quarter. Service revenue represented 81% of total revenue this quarter, up from 75% in the same quarter of the prior year, and consistent with our organic growth objective. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">When compared sequentially, sales was down 1% from $63,680 in the fourth quarter of fiscal 2023. This decrease is a reflection of the increase in Services revenue and a larger decrease in Product revenue. </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_34"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Cost of revenue and gross profit</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:33.515%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.246%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.247%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Cost of sales</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,000</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">20,714</font></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,714)</font></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gross profit</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">44,028</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">43,337</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">691</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_40"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The cost of sales for the first quarter ended September 30, 2023 was $19,000 compared to $20,714 last year, drive primarily by the decrease in Product revenues.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Gross profit for the first quarter ended September 30, 2023 was $44,028, up 2% from the $43,337 realized in the same quarter ended September 30, 2022. Gross margin for the first quarter of fiscal 2024 was approximately 70% of revenue. This is up 2% from the same quarter last year helped by the increase in the service revenues and the revenue mix. </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_49"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Expenses</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Consistent with IFRS, costs are allocated by function except for the impact of foreign exchange, which can result in swings between time periods.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.592%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.726%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.726%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.726%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.730%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i8dbc46ae88254c529c6df68d1c9c2392_0-0-1-1-111645"></font></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Sales and marketing</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16,517</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">15,648&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">869&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">6%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Research and development</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,315</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">9,429&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(114)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">General and administration</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">19,114</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">19,293&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(179)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #929292;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Foreign currency exchange loss</font></td><td colspan="2" style="border-bottom:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">55</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-bottom:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">36&#160;</font></td><td style="border-bottom:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:1pt solid #929292;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">19&#160;</font></td><td style="border-bottom:1pt solid #929292;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #929292;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">53%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Sales and marketing</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_55"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sales and marketing expense was $16,517 for the first quarter of fiscal 2024, an increase from the $15,648 incurred in the same quarter of fiscal 2023, as the Company builds out a stronger and more effective sales and marketing team, which results in higher operating expenses.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_64"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Research and development</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_70"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">A portion of the Company&#8217;s R&#38;D costs are capitalized each period and amortized on a straight-line basis over three years (see the audited consolidated financial statements and related notes for the fiscal year ended June 30, 2023, available at www.sedarplus.ca and www.sec.gov). </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The engineering expenses incurred, and the development costs amortized during the first quarter of fiscal 2024 were $9,315. This was lower than the $9,429 incurred in the same quarter last year, mostly as a result of higher capitalization of labor costs on development projects, but no change as a percentage of revenue at approximately 15% due to the nature of the development projects being worked on. For the quarter ended September 30, 2023, the Company did not have any significant projects that have not yet generated revenue, nor did it have any products or services that are not fully developed, and which are material to the Company.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_79"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">General and administration</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_85"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">General and administration expenses were $19,114 for the quarter ended September 30, 2023, compared to $19,293 in the same period of fiscal 2023. The decrease in spending is driven primarily by the non-cash expenses including share-based compensation, amortizations, projects depreciation, and early stages of cost savings initiatives.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_94"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Foreign exchange </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_100"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Foreign exchange loss for the quarter ended September 30, 2023 was $55, compared to a loss of $36 in the same period of fiscal 2023.  </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_115"></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">15</font></div></div></div><div id="if29b61171b864391a1f8249844332803_118"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:42.489%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.002%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.002%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.002%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.005%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense (net)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,578&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">84&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Restructuring and business integration costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">52&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">104&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">200%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Gain on change in fair value of consideration payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,581)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,581&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.5pt solid #6d6d6d;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(100)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_136"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Interest expense (net)</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_142"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Net interest expense for the quarter ended September 30, 2023 was $1,662, higher than the $1,578 in the same period last year, reflecting the higher interest rate environment. </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_160"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Restructuring and business integration costs</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_166"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">For the first quarter of fiscal year 2024, Sangoma recorded immaterial costs of $156 directly associated with a reduction of staff. In the same period last year, Sangoma recorded restructuring and integration costs of $52.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_181"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%;text-decoration:underline">Consideration payable</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">As part of the agreement for the purchase of StarBlue, Sangoma processes certain payroll transactions for Star2Star Holdings (&#8220;Holdings&#8221;) option holders each time an installment of the remaining share consideration is distributed. All of the remaining common shares were issued to the StarBlue sellers  in the prior fiscal year ended  June 30, 2023, and following this issuance, the Company has no further obligation to issue any additional shares in connection with the StarBlue acquisition. As of September 30, 2023, the Company in accordance of the agreement, has crystallized $1,894 which will be distributed to the seller in cash before June 30, 2024. </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_190"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Net loss</font></div><div><font><br></font></div><div id="if29b61171b864391a1f8249844332803_196"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Net loss for the first quarter was $2,444 ($0.07 loss per share fully diluted), compared to a net loss of $1,976 ($0.06 loss per share fully diluted) for the equivalent quarter of the prior year.</font></div><div><font><br></font></div><div id="if29b61171b864391a1f8249844332803_202"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Adjusted EBITDA</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The derivation of Adjusted EBITDA and the reconciliation of net income to Adjusted EBITDA for the comparable quarter and each fiscal year is shown in the table below.</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">16</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.865%"><tr><td style="width:1.0%"></td><td style="width:45.989%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.127%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.127%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.127%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.130%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i8c27d3cdd31444e4ab104b9c27d48c56_0-0-1-1-111645"></font></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net loss</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(2,444)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,976)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(468)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.5pt solid #6d6d6d;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">24%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Tax</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(347)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">858&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,205)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.5pt solid #6d6d6d;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(140)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense (net)</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,578&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">84&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">5%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Share-based compensation</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">662</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">915&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(253)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(28)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation of property and equipment</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,073</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,306&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(233)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(18)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Depreciation of right-of-use assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">759</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">996&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(237)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(24)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Amortization of intangibles</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">8,361</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8,577&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(216)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(3)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Restructuring and business integration costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">52&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">104&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">200%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.75pt;font-weight:400;line-height:114%">Gain on change in fair value of consideration payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,581)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,581&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(100)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Adjusted EBITDA</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">9,882</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">10,725&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(843)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(8)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Percentage of revenue</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">16%</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">17%</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#8212;</font></td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_211"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Adjusted EBITDA for the first quarter ended September 30, 2023 was $9,882, down from $10,725 in the equivalent quarter of the prior year, primarily due to gain in the fair value of consideration payable. </font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">17</font></div></div></div><div id="if29b61171b864391a1f8249844332803_217"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%;text-decoration:underline">QUARTERLY RESULTS OF OPERATIONS </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Selected financial information over the prior eight quarters is shown in the table below. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#160;&#160;&#160;&#160;</font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:25.662%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.034%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.040%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font id="i8bebd46a48f042c590142afd7a7c53a1_0-0-1-1-111645"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Second</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Third</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Fourth</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">First</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Second</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Third</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Fourth</font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">First</font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">quarter</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#160;</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2024</font></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Sales</font></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">53,186&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">53,366&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">66,301&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">64,051&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">62,035&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">62,764&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">63,680&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">63,028&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Gross Profit</font></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">38,353&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">37,201&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">44,461&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">43,337&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">42,789&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">44,424&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">42,241&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">44,028&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Operating Expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.52pt;font-weight:400;line-height:114%;position:relative;top:-2.97pt;vertical-align:baseline">1</font></div></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">39,194&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">40,137&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">45,714&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">44,406&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">44,258&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">43,368&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">43,708&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">45,001&#160;</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Net loss</font></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(2,477)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(6,755)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(99,247)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(1,976)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(2,735)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(685)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(23,630)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(2,444)</font></td><td style="border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Net loss per share</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Non-diluted basis</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.08)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.21)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(2.99)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.08)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.72)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 8.37pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Fully diluted basis</font></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.08)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.21)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(2.99)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.06)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.08)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.02)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.72)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">(0.07)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Adjusted EBITDA</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">10,433&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">10,469&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">11,129&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">10,725&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">10,566&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">12,243&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">10,860&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">9,882&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.15pt;font-weight:400;line-height:120%;position:relative;top:-3.85pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> Operating Expenses consist of sales and marketing, research and development, general and administration and foreign exchange (gain) loss. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Sales and Net Loss by Quarter</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Revenue over the comparative periods has been positively impacted by the acquisition of NetFortris in March 2022, the organic growth within the existing Services business. As anticipated, fiscal 2024 has seen a decline in the Product business to levels more in line with the Product revenue we experienced prior to the COVID-19 outbreak and the corresponding hold on Capex spending by customers given the resulting global economic conditions. While Product revenue continued to decline, this decline was partially offset by the increase in Services revenue during the quarter. The increasing Services revenue trend resulted in a favorable revenue mix and contributed to a higher gross profit and gross profit percent. Building out a stronger and more effective sales and marketing team is resulting in higher operating expenses, higher net loss, and lower EBITDA this quarter over the comparative periods.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">18</font></div></div></div><div id="if29b61171b864391a1f8249844332803_220"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">LIQUIDITY AND CAPITAL RESOURCES</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">As of September 30, 2023, Sangoma had current assets of $58,845 and current liabilities of $58,940, compared with $61,623 and $63,191 at June 30, 2023, respectively.  The decrease in current assets is mainly due to the collection of trade and other receivables and other current assets, while the decrease in current liabilities is primarily due to the payment of accounts payable and accrued liabilities. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">The Company ended the first quarter with $11,139 of cash compared to $11,156 at June 30, 2023. The Company used a portion of its cash to continue paying down the debts,  accounts payable and accrued liabilities. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Trade receivables of $15,753 on September 30, 2023, were slightly lower than the $16,060 on June 30, 2023, primarily as a result of the tightening of credit policies and increased focus on collection efforts.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:112%">Inventories were $17,890 on September 30, 2023, $80 lower than the $17,970 at June 30, 2023, primarily a reflection of management&#8217;s position to continue drawing down on existing inventories for product sales.</font></div><div id="if29b61171b864391a1f8249844332803_226"></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Sangoma generated $7,644 of Adjusted Cash Flow from operations during the first quarter of fiscal 2024, more than double compared to $3,201 in the same quarter last year. The reconciliation of net cash flows from operating activities to Adjusted Cash Flow for the three month periods ended September 30, 2023, and 2022 are shown in the table below.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">19</font></div></div></div><div id="if29b61171b864391a1f8249844332803_229"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.519%"><tr><td style="width:1.0%"></td><td style="width:42.217%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.073%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Three month periods ended</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">September 30</font></div></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2023</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">2022</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">$</font></td><td colspan="3" style="border-right:0.25pt solid #000;border-top:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Net cash flows from operating activities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,849</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,642&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,207&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">116%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Less capitalization of development costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">(1,915)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(1,768)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(147)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">8%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:justify;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interest expense on term loans and operating facility</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1,554</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">1,275&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">279&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">22%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Restructuring and business integration costs</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">156</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">52&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">104&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">200%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:justify;vertical-align:top"><font id="i4a0416be6b6a4c76bc5b2df4ccd79af2_10-0-1-1-111645"></font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Adjusted cash flow from operations</font></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:120%">7,644</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">3,201&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">4,443&#160;</font></td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #000;border-right:0.25pt solid #000;padding:2px 4.12pt 2px 1pt;text-align:right;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">139%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">There are no existing or anticipated defaults or arrears on lease payments or interest payments and Sangoma is in full compliance with all debt covenants. Management of the Company believes that the current working capital and expected funds generated from operations will be sufficient to meet the operating and planned capital expenditures of the Company for the foreseeable future.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Credit Facility</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On October 18, 2019, the Company entered into a new credit agreement (the &#8220;Original Credit Agreement&#8221;) in favour of its subsidiaries, Sangoma Technologies Inc. and Sangoma US Inc. (the &#8220;Borrowers&#8221;) with inter alia The Toronto-Dominion Bank and The Bank of Montreal, as lenders (the &#8220;Lenders&#8221;). Under the terms of the Original Credit Agreement, the Lenders provided the Borrowers with a term loan facility to refinance the Company&#8217;s existing credit facilities and to fund part of the purchase of VI Acquisition. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On March 31, 2021, the Company entered into an amended and restated credit agreement (the &#8220;Amended and Restated Credit Agreement&#8221;) which amended and restated the Original Credit Agreement to allow the Company to fund part of the StarBlue Acquisition. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On March 28, 2022, the Company entered into the Second Amended and Restated Credit Agreement (the &#8220;Second Amended and Restated Credit Agreement&#8221;) which amended and restated the Amended and Restated Credit Agreement to allow the Company to fund part of the NetFortris Acquisition. The Second Amended and Restated Credit Agreement is comprised of&#58; (i) a $6,000 revolving credit facility, (ii) a $21,750 term credit facility, which was used to partially fund the Voip Innovation Acquisition (iii) a $52,500 term credit facility, which was used to partially fund the StarBlue Acquisition, (iv) a $45,000 term credit facility,  which was used to partially fund the NetFortris Acquisition (the &#8220;Term 3 Facility&#8221;), and (v) a $1,500 swingline credit facility. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On June 28, 2022, the Company entered into the first amendment to the Second Amended and Restated Credit Agreement to reflect certain administrative amendments and to amend the amount of the Term 3 Facility quarterly principal installments.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On October 19, 2022 and January 31, 2023 the Company drew down $3,000 and $2,300 from the revolving credit facility, respectively. As of September 30, 2023, these amounts remain outstanding.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On April 6, 2023 the Company entered into a second amendment to the Second Amended and Restated Credit Agreement to reflect certain administrative amendments and to amend the amount of the revolving credit facility from $6,000 to $20,000 and the amount of the swingline credit facility from $1,500 to $5,000.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">20</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">On April 23, 2023 the Company, as was originally intended on closing of the NetFortris acquisition, drew down $8,600 from the revolving credit facility primarily to fund the earn-out owing to the sellers pursuant to the stock purchase agreement dated March 28, 2022 (the &#8220;NetFortris Purchase Agreement&#8221;). As of September 30, 2023, this amount remains outstanding. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Under its Second Amended and Restated Credit Agreement with its lenders, the Company must satisfy certain financial covenants, principally in respect of total funded debt to earnings before interest, taxes and amortization, and debt service coverage ratio. As at September 30, 2023, the Company was in compliance with all covenants related to its Credit Agreement.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_232"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">CONTRACTUAL OBLIGATIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The following table shows the movement in contractual liabilities from July 1, 2023 to September 30, 2023&#58;</font></div><div><font><br></font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.214%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.586%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"><font id="i0fe28b5095994e20839a5a01ff2fe52d_0-0-1-1-111645"></font></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Opening balance, July 1, 2022</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">15,067&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Revenue deferred during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">23,839&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deferred revenue recognized as revenue during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(24,355)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Additions through business combination</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Ending balance, June 30, 2023</font></div></td><td colspan="2" style="border-top:0.5pt solid #b6b6b6;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">14,551</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-top:0.5pt solid #b6b6b6;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Revenue deferred during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">9,185&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">Deferred revenue recognized as revenue during the period</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">(10,157)</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Ending balance, September 30, 2023</font></div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,579</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Contract liabilities - Current</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">10,053&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">Contract liabilities - Non-current</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">3,526&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:114%">13,579</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Commitments</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The table below outlines our contractual commitments as of September 30, 2023&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:34.797%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.720%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.723%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7pt;font-weight:700;line-height:114%">within 12 months</font></td><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">12-24 months</font></td><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">24-36 months</font></td><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#62;36 months</font></td><td colspan="3" style="background-color:#fff7c3;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">Total</font></td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">$ </font></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">$ </font></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Accounts payable and accrued liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">20,144&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">20,144</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Sales tax payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">5,802&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">&#8212;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">5,802</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Consideration payable</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">1,894&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">1,894</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Operating facility and loans</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">17,700&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">22,050&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">20,600&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">36,050&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">96,400</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Lease obligations on right of use assets</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3,281&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">3,097&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">2,144&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">6,863&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">15,385</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">Other non-current liabilities</font></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#8212;&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">1,546&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">1,546</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">48,821</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">25,147</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">22,744</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">44,459</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:700;line-height:114%">141,171</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8.5pt;font-weight:400;line-height:114%">&#160;</font></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div><font><br></font></div><div id="if29b61171b864391a1f8249844332803_238"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">OFF-BALANCE SHEET ARRANGEMENTS</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">21</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">There are no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future effect on the results of operations or financial condition of Sangoma.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">RELATED PARTY TRANSACTIONS</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Except as disclosed in the notes to the consolidated financial statements, the Company is not party to any material transactions with related parties. </font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_241"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">CRITICAL ACCOUNTING POLICIES AND ESTIMATES</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of our consolidated financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We review these estimates on an ongoing basis based on management&#8217;s best knowledge of current events and actions that we may undertake in the future. Actual results could differ from these estimates.  All significant estimates and critical judgments, estimates, and assumptions are described in Note </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> of the Company&#8217;s Financial Statements.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">FINANCIAL INSTRUMENTS AND OTHER INSTRUMENTS </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The fair values of the cash and cash equivalents, trade and other receivables</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">, </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">contract assets, other current assets, accounts payable and accrued liabilities, approximate their carrying values due to the relatively short-term nature of these financial instruments or as these financial instruments are fair valued at each reporting period. The fair values of operating facility and loans approximate their carrying values due to variable interest loans or fixed rate loan, which represent market rate. Derivative assets and liabilities and consideration payable are recorded at fair value. Further details relating to our financial instruments, the risks associated with the financial instruments and how we manage those risks, are described in Note </font><font style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> of the Company&#8217;s Financial Statements.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_256"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">OUTSTANDING SHARE INFORMATION</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">We are currently authorized to issue an unlimited number of common shares. As of the date hereof, 33,184,200 common shares and 699,395 stock options and 253,891 share units are issued and outstanding.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_265"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">CONTROLS AND PROCEDURES</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Management of the Company, under the supervision of the Chief Executive Officer and Chief Financial Officer, is responsible for establishing and maintaining (i) disclosure controls and procedures, and (ii) adequate internal control over financial reporting (&#8220;ICFR&#8221;) (as defined under applicable Canadian securities laws and by the United States Securities and Exchange Commission (&#8220;SEC&#8221;) in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;) for the company to ensure that (i) material information relating to the Company is made known to management by others, particularly during the period in which the annual and interim filings are being prepared&#59; and (ii) information required to be disclosed by the Company in its annual and interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time period specified in securities legislation. </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">22</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">Management, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer and oversight of the Board of Directors evaluated the effectiveness of our ICFR as of September 30, 2023 against the criteria set forth in Internal Control &#8211; Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based upon the evaluation, management has concluded that the Company&#8217;s disclosure controls and procedures were effective.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Company identified a significant deficiency in its annual management discussion &#38; analysis dated September 27, 2023 (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">2023 Annual MD&#38;A</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">&#8221;), which continues to exist as of September 30, 2023 and which the Company is addressing through the implementation of mitigation processes set out in the 2023 Annual MD&#38;A.</font></div><div style="text-align:justify"><font><br></font></div><div id="if29b61171b864391a1f8249844332803_271"></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:14pt;font-weight:700;line-height:120%;text-decoration:underline">GLOSSARY OF TERMS</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Analog</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Analog telephony is the telephone system that dates back to the original experiments by Alexander Graham Bell. The voice signal is picked up by a microphone and transmitted to the central office. Voice signals from the central office consist of voltages that drive a headset to produce sound. Analog means that the voice pressure signals are represented by voltages levels on the line.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">API</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Application Program Interface&#58; An API is a purpose-built interface that allows fourth party software to interact with a particular application. A typical API is the user interface for Windows that allows programmers to write programs for Windows that use all its built-in utilities. APIs do not depend on revealing source code, in general. They are usually well documented and include sample programs that make development easy.</font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Codec</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In the telephony context a codec is a mechanism of digitally encoding voice. On the PSTN a voice channel takes up 64kbps in a codec standard called G.711. Cell phones use a codec called GSM that compresses the voice further so that a GSM call consumes about 24kbps. Other compressed codecs are used in VoIP to conserve bandwidth. These include standards such as G.729, G.723. Most audio codecs are lossy, in that some of the voice quality is degraded by the compression. On the other hand, as bandwidth becomes cheaper, VoIP allows one to use other codecs that in fact use more bandwidth than the PSTN, the so-called broadband codecs that have DVD-like voice quality.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Digital telephony</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In the modern PSTN only the &#8220;last mile&#8221; line to the customer is still analog, all other internal parts of the network are digital. Digital in this case means that at the central office the analog signal from the subscriber&#8217;s telephone is sampled digitally, converting the line voltages to a series of numbers that can be easily transmitted error free over long distances. See T1, E1 below.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">DID</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Direct Inward Dialing (&#8220;DID&#8221;) is a virtual phone number that uses the existing phone lines to route incoming calls. Callers can connect to a phone extension directly without an operator. This offers convenience for both employees and callers alike. DID offers a cost saving on its own and is less expensive when purchased with a SIP trunk.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Gateway</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In the telephony context this is typically a separate unit with its own case and power supply that provides VoIP-to-PSTN services for a VoIP network. Almost all gateway devices use SIP interfaces to the VoIP system over Ethernet and have analog or digital telephony interfaces that connect to the PSTN. VoIP gateways are available from many manufacturers including Audiocodes, Cisco, Grandstream, Patton Electronics and many others.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">ISDN</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Integrated Services Digital Network (&#8220;ISDN&#8221;) is a set of communications standards for simultaneous digital transmission of voice, video, data, and other network services over the traditional circuits of the public switched telephone network. Of the many variations of ISDN, Sangoma supports BRI (Basic Rate Interface) which is essentially an all-digital replacement for ordinary </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">23</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">analog lines and PRI (Primary Rate Interface) which is used over T1 and E1 lines. BRI is very popular outside of North America. PRI is used worldwide.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">IoT</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Internet of Things&#160;(&#8220;IoT&#8221;) refers to a system of interrelated, internet-connected objects that are able to collect and transfer data over a wireless network without human intervention.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">IP</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Internet Protocol (&#8220;IP&#8221;) is the primary protocol in the internet layer of the Internet protocol suite, and delivers data packets from the source host to the destination host solely based on the IP address.  </font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">ISP</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Internet Service Provider</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">ITSP</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Internet Telephony Service Provider who offer telecommunications service including voice over internet type connections.</font></div><div><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">IVR</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Interactive Voice Response&#58; IVR systems use the phone to navigate a menu, for example those used by banks to allow access to customer&#8217;s account information. IVR systems have typically been driven by dial tones as the buttons on your phone are pressed, but increasingly they are using voice recognition for navigation.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Open Source</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Open Source software is distributed free subject to certain conditions. Open Source licenses usually stipulate that source code must always be distributed or made available, and any improvements in the code have to be donated back to the community. It is possible to have dual licensing&#58; Open Source to the community and also a closed, commercial license of the same or similar software.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">NetBorder</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">This is the trade name of a Sangoma SIP to PSTN gateway product. It includes several other functions in addition to the PSTN gateway function. The mass marketed version is known as NetBorder Express or NBE.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">PBX</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Private branch exchange. A PBX is a premised basis device to deliver calls from the PSTN or VOIP network to phones in a single or multiple locations.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">PSTN</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Public Switched Telephone Network&#58; This is the standard telephone network that has been in operation for many decades. A telephone or FAX or PBX or other telephony device is generally connected to an analog line at a wall plug, which is connected by &#8220;last mile&#8221; cabling to the central office. The analog signal from the device is converted to a digital signal at the Telco central office and is multiplexed, 24 simultaneous voice channels per line (in North America) onto a T1 for onward transmission. At the other end of the line the digital channel is reconverted to analog for transmission over the &#8220;last mile&#8221; to the receiving phone or other device.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">SBC</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">A Session Border Controller (&#8220;SBC&#8221;) is a device deployed in Voice over Internet Protocol (&#8220;VoIP&#8221;) networks to exert control over the signaling and usually also the media streams involved in setting up, conducting, and tearing down telephone calls or other interactive media communications.  SBCs are deployed as demarcation points between enterprises and service providers and between service provider networks. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">SD-WAN</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">A Software-defined Wide Area Network (&#8220;SD-WAN&#8221;) uses software to control and manage connectivity across a customers wide area network. While traditional wide area networks rely on physical routers to connect remote users, this centralized software solution can help customers monitor their performance of the network and manage traffic. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Signalling</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">24</font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Call setup and tear down is remarkably complicated, involving such things as responding to the different tones as well as generating them, caller identification and handling the different features like hook-flash and voicemail properly. There are different signalling mechanisms for different types of circuits. Analog circuits use tones such as out-of-order, busy, ringing as well as the dialling tones. T1 lines often use a data protocol called ISDN PRI, where packets of control data are exchanged on a separate data channel. ISDN PRI is a simplification of the general signalling protocol used internally by the telecommunications networks known as SS7. In all cases signalling has to be exactly compatible with what the Telco expects, so interoperability and standards are important.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">SIP</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Session Initiation Protocol&#58; SIP is the emerging standard signalling protocol for VoIP, though it has much broader applications. SIP is responsible for setting up and teardown of two party and multiparty calls, as well as a host of management features. To a great and increasing extent, VoIP calls are SIP based. The term SIP Trunk is used to describe the provision of a SIP line to an end customer.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">T1, E1</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">A T1 line is a circuit that carries 24 digital telephone calls simultaneously. At higher densities, 28 T1s are aggregated into a T3 line carrying 672 calls. Larger offices can also connect to the central office via T1 directly, so as to have only one circuit for up to 24 calls. T1 is standard in North America and Japan while E1 is the standard in the rest of the world. E1 carries 30 channels of digitized voice per line.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">TDM</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Time Division Multiplexing (&#8220;TDM&#8221;) is used in circuit switched networks to increase the number of calls carried simultaneously on any one circuit and formed the basis for the digital telephony networks.</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">   </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Unified Communications</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Unified communications is a concept in which voice, email, messaging, video and any other type of communication are all considered forms of data that can be combined, manipulated and used in intelligent applications in a seamless way. </font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">VoIP</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Voice over IP&#58; The transfer of voice traffic over the Internet Protocol. IP is used universally for all networking including local area networks and private networks, not just the Internet. VoIP is not necessarily voice over the Internet, but voice over general data networks.</font></div><div style="text-align:justify"><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">25</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>press-release2024q1.htm
<DESCRIPTION>EX-99.3
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i33385478cf43495f80015d6a253b350e_1"></div><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div><img alt="sangomac.jpg" src="sangomac.jpg" style="height:86px;margin-bottom:5pt;vertical-align:text-bottom;width:269px"></div><div style="padding-left:5.2pt"><font><br></font></div><div id="i33385478cf43495f80015d6a253b350e_4"></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-style:italic;font-weight:700;line-height:120%">NEWS RELEASE</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">SANGOMA ANNOUNCES FIRST QUARTER FISCAL 2024 RESULTS</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Services revenue at </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:120%">$51.16 million</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%"> reaches a record 81.1% of total revenue in Q1</font></div><div><font><br></font></div><div id="i33385478cf43495f80015d6a253b350e_7"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">MARKHAM, ONTARIO, November 8, 2023 &#8211; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sangoma Technologies Corporation (TSX&#58; STC&#59; Nasdaq&#58; SANG) (&#8220;Sangoma&#8221; or the &#8220;Company&#8221;), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its first quarter financial results and unaudited condensed consolidated interim financial statements for the fiscal first quarter ended September 30, 2023.  </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-right:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.839%"><tr><td style="width:1.0%"></td><td style="width:29.879%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.704%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.704%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.704%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.704%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.705%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">US $000</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Q1 FY2024</font></div></td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Q1 FY2023</font></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</font></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Q4 FY2023</font></div></td><td colspan="3" style="border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Change</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Revenue</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$63,028</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$64,051</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(2)%</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$63,680</font></td><td colspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross profit</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$44,028</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$43,337</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2%</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$42,241</font></td><td colspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">4%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Operating expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">1</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$45,001</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$44,406</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1%</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$43,708</font></td><td colspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">3%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(2,444)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(1,976)</font></td><td colspan="3" style="border-left:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(23,630)</font></td><td colspan="3" style="border-right:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss per share</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(fully diluted)</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(0.07)</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(0.06)</font></td><td colspan="3" style="border-left:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$(0.72)</font></td><td colspan="3" style="border-right:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Adjusted EBITDA</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6.5pt;font-weight:400;line-height:100%;position:relative;top:-3.5pt;vertical-align:baseline">2</font></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$9,882</font></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$10,725</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(8)%</font></td><td colspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$10,860</font></td><td colspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(9)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net cash provided by operating activities</font></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$7,849</font></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$3,642</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">116%</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$10,855</font></td><td colspan="3" style="border-bottom:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(28)%</font></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sangoma's Services revenue rose to $51.16 million, representing 81.1% of total revenue in the first quarter of fiscal 2024. Products revenue was down, resulting in total Revenue for the first quarter of $63.03 million, a decrease of 2% from the same period in the prior year, and a 1% decrease from the immediately preceding quarter. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">The Company continues to maintain a healthy balance sheet, finishing the quarter with net cash provided by operating activities of $7.85 million and a cash balance of $11.14 million on September 30, 2023, reflecting a strong quarterly progression of cash flow. Sangoma continues to remain comfortably within its debt covenants. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:107%">&#8220;My first two months in the role have served to strengthen my convictions in the value of Sangoma&#8217;s uniquely positioned portfolio that addresses a large and underserved segment of the marketplace with a wide array of both standalone and bundled solutions&#8221; said Charles Salameh, Sangoma CEO.  &#8220;Our transformational activities are well underway and our global team of dedicated employees, suppliers, and partners are capable and eager to execute to forge that path.  During the coming months and quarters, I look forward to sharing with you the impact of those strategies as they drive value into the business and solidify Sangoma&#8217;s position in the global marketplace.&#8221;</font></div><div style="text-align:justify"><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Operating expenses</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:120%;position:relative;top:-4.2pt;vertical-align:baseline">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> were $45.00 million for the quarter, up from $44.41 million for the same period last year by about 1%.  In line with recent history, first quarter operating expenses include certain one time annual costs. </font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Net loss for the first quarter was $2.44&#160;million, while Adjusted EBITDA remained strong at $9.88 million.</font></div><div style="text-align:justify"><font><br></font></div><div id="i33385478cf43495f80015d6a253b350e_13"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Conference call</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sangoma will host a conference call on Wednesday, November 8, 2023, at 5&#58;30 pm ET to discuss these results. The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:120%;position:relative;top:-4.2pt;vertical-align:baseline">1 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%"> Operating Expenses consist of sales and marketing, research and development, general and administration and foreign exchange (gain) loss. </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:7.8pt;font-weight:400;line-height:120%;position:relative;top:-4.2pt;vertical-align:baseline">2 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Adjusted EBITDA is a non-IFRS financial measure used by the Company to monitor its performance and definitions of these terms along with reconciliation to the closest IFRS measure may be found in the accompanying MD&#38;A on page 16 posted today at www.sedarplus.ca and www.sec.gov.</font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><div id="i33385478cf43495f80015d6a253b350e_16"></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">About Sangoma Technologies Corporation</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Sangoma is a leading provider of managed cloud-based communications and technology solutions for businesses worldwide. With a deep commitment to simplifying and enhancing communications, Sangoma offers a comprehensive suite of cloud-native communication solutions, including software, endpoints and connectivity services. With a focus on value-based offerings, Sangoma empowers businesses of all sizes to streamline their processes, reduce operational complexity, and increase efficiency. Whether it's cloud software solutions, reliable endpoints, or seamless connectivity, Sangoma's expert team is dedicated to delivering trusted and innovative services.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sangoma is your one-stop solution for managed cloud communications services, making vendor management more straightforward and saving you valuable time. To learn more about how Sangoma can transform your communication infrastructure, visit our website at www.sangoma.com.</font></div><div style="margin-top:0.35pt"><font><br></font></div><div id="i33385478cf43495f80015d6a253b350e_19"></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Cautionary Statement Regarding Forward Looking Statements</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">This press release contains forward-looking statements, including statements regarding the future success of our business, development strategies and future opportunities.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Forward-looking statements are provided for the purpose of presenting information about management&#8217;s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10.5pt;font-weight:400;line-height:120%">. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Forward-looking statements include, but are not limited to, statements which are not historical facts. When used in this document, the words such as &#34;could&#34;, &#34;plan&#34;, &#34;estimate&#34;, &#34;expect&#34;, &#34;intend&#34;, &#34;may&#34;, &#34;potential&#34;, &#34;should&#34; and similar expressions indicate forward-looking statements.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Although Sangoma believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date that the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in forward-looking statements. </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other events contemplated by the forward-looking statements will not occur. Although Sangoma believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct as these expectations are inherently subject to business, economic and competitive uncertainties and contingencies. Some of the risks and other factors which could cause results to differ materially from those expressed in the forward-looking statements contained herein include, but are not limited to, risks and uncertainties associated with changes </font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div><hr style="page-break-after:always"><div style="min-height:108pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">in exchange rate between the Canadian dollar and other currencies (in particular the United States&#8217; (&#8220;US&#8221;) dollar), changes in technology, changes in the business climate, changes to macroeconomic conditions, including (i) inflationary pressures and potential recessionary conditions, as well as actions taken by central banks and regulators across the world in an attempt to reduce, curtail and address such pressures and conditions, including any increases in interest rates, and (ii) the effects of adverse developments at financial institutions, including bank failures, that impact general sentiment regarding the stability and liquidity of banks, and the resulting impact on the stability of the global financial markets at large, risks related to the COVID-19 (coronavirus) pandemic and any resurgence thereof, our ability to identify and remediate material weaknesses and significant deficiencies in our internal controls, changes in the regulatory environment, the imposition of tariffs, the decline in the importance of the PSTN (as hereinafter defined), impairment of goodwill and new competitive pressures, and acts of terrorism and war, hostilities and conflicts, including, but not limited to, Russia&#8217;s invasion of Ukraine in February 2022 (and associated changes in global trade policies and economic sanctions), and the other risk factors described in our most recently filed Annual Information Form for the fiscal year ended June 30, 2023. </font></div><div><font><br></font></div><div style="padding-left:242.35pt"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Sangoma Technologies Corporation</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Larry Stock</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Chief Financial Officer</font></div><div><font style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">investorrelations&#64;sangoma.com</font></div><div><font><br></font></div><div><font><br></font></div><div style="height:54pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>ceocertification2024q1.htm
<DESCRIPTION>EX-99.4
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i5b169203c0d74864bcf8c2955f700796_1"></div><div style="min-height:25.92pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FORM 52-109F2</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CERTIFICATION OF INTERIM FILINGS</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FULL CERTIFICATE</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Charles Salameh, Chief Executive Officer of Sangoma Technologies Corporation, certify the following&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"> Review&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">I have reviewed the interim financial report and interim MD&#38;A (together, the &#8220;interim filings&#8221;) of Sangoma Technologies Corporation (the</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;issuer&#8221;) for the interim period ended September 30, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> No misrepresentations&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">3. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%">Fair presentation&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> Responsibility&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (DC&#38;P)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">and internal control over financial reporting (ICFR), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Certification of Disclosure in Issuers&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Annual and Interim Filings</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">, for the issuer.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%"> Design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the end of the</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">period covered by the interim filings</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.5pt">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:49.5pt;padding-right:4pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:121%">a. material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></div><div style="padding-left:49.5pt;padding-right:4pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b. information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.&#160;&#160;&#160;&#160;designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">5.1 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Control framework&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%"> The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is Internal Control &#8211; Integrated Framework (COSO 2013 Framework) published by The Committee of Sponsoring Organizations of the Treadway Commission.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.2 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">N&#47;A</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.3 N&#47;A</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">6. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Reporting changes in ICFR</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">&#58; The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on July 1, 2023 and ended on September 30, 2023 that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; November 8, 2023</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%;text-decoration:underline">&#47;s&#47; Charles Salameh</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Executive Officer</font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>cfocertification2024q1.htm
<DESCRIPTION>EX-99.5
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2023 Workiva -->
<title>Document</title></head><body><div id="i45df169f6abe45f69ef631e958987c27_1"></div><div style="min-height:25.92pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:right"><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FORM 52-109F2</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">CERTIFICATION OF INTERIM FILINGS</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">FULL CERTIFICATE</font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">I, Larry Stock, Chief Financial Officer of Sangoma Technologies Corporation, certify the following&#58;</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"> Review&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">I have reviewed the interim financial report and interim MD&#38;A (together, the &#8220;interim filings&#8221;) of Sangoma Technologies Corporation (the</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#8220;issuer&#8221;) for the interim period ended September 30, 2023.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> No misrepresentations&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">3. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%">Fair presentation&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">4.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> Responsibility&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">The issuer&#8217;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (DC&#38;P)</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">and internal control over financial reporting (ICFR), as those terms are defined in National Instrument 52-109 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Certification of Disclosure in Issuers&#8217;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:130%">Annual and Interim Filings</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:130%">, for the issuer.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">5.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%"> Design&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">Subject to the limitations, if any, described in paragraphs 5.2 and 5.3, the issuer&#8217;s other certifying officer(s) and I have, as at the end of the</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">period covered by the interim filings</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1.</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10.5pt">designed DC&#38;P, or caused it to be designed under our supervision, to provide reasonable assurance that</font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:49.5pt;padding-right:4pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:121%">a. material information relating to the issuer is made known to us by others, particularly during the period in which the interim filings are being prepared&#59; and</font></div><div style="padding-left:49.5pt;padding-right:4pt;text-align:justify;text-indent:-13.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">b. information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted by it under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation&#59; and</font></div><div style="padding-left:36pt;text-align:justify;text-indent:-18pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2.&#160;&#160;&#160;&#160;designed ICFR, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer&#8217;s GAAP.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">5.1 </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Control framework&#58;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%"> The control framework the issuer&#8217;s other certifying officer(s) and I used to design the issuer&#8217;s ICFR is Internal Control &#8211; Integrated Framework (COSO 2013 Framework) published by The Committee of Sponsoring Organizations of the Treadway Commission.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5.2 N&#47;A</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">5.3 N&#47;A</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">6. </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:138%">Reporting changes in ICFR</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:138%">&#58; The issuer has disclosed in its interim MD&#38;A any change in the issuer&#8217;s ICFR that occurred during the period beginning on July 1, 2023 and ended on September 30, 2023 that has materially affected, or is reasonably likely to materially affect, the issuer&#8217;s ICFR.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Date&#58; November 8, 2023</font></div><div><font><br></font></div><div style="padding-right:157.9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:30.042%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#47;s&#47; Larry Stock</font></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Chief Financial Officer</font></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:justify"><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>sangomaa.jpg
<TEXT>
begin 644 sangomaa.jpg
M_]C_X  02D9)1@ ! 0$ 2 !(  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "" 98# 1$  A$! Q$!_\0
M'@ !  (#  ,! 0            D*!P@+! 4& @/_Q !'$  !! (" 0,# @ '
M#08' 0 # 0($!08'  @1"1(3"A0A%2(6,3AU=[6V%R,D-38W.4%"=GBTMQ@S
M45)881DR-$-3E]:"_\0 '0$!  (" P$!              8'!0@" P0) ?_$
M %,1  (!! $" P,%# <#"@0'  $" P $!1$2!B$'$S$B05$(%#)A<14C,S0U
M0G)S=(&1LR128J&QLK06=9(8)39#58*4T^'P)H.BM4135).5P='_V@ , P$
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M+&2=$8+)<,4AM8CV)#W$K)%S (;RU9I2O=4/:L;D,MC\8H-Y<I$S E(AMYG
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M> 'ZC+L^[=2PPYD2PB19\"5&G09T8$R%-AG%)B3(DD3#1Y460%Y R(T@+V%
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M@5RO%;'+L8@ $YRO^^O[6DCK'3Y'N$1'B9'\CX:=4V"L\=M!D8UV2;";S)%
MV0?(G2"9F_LQQR'?8; W63M.K\+<D*\LEHQ]!=1\5W^LC:6-1Z]W9!KX>E2^
M8UDV-9G0U64X?D-'E>,7D0<^DR/&K:!>T-Q +Y04VKMZN1*K["(7VK\<F)(*
M%_M7VO7PO()-#-;RO#/%)!-&Q62*9'CEC<>JO&X5U8>]6 -26.2.5%DB=)(W
M&T>-E=&7XJRDJP^L$BO><ZZYUZ>_R"@Q2EM,ERF\I\:QVDA&L;J_O[*%34M1
M7QF*21/M+6Q-'@P(<<:*\TF6<0!,17$>C?RG9%%+/(D,$<DTTC!(XHD:221S
MV"HB LS$^BJ"2?05P=TC1I)'2-$!9G=@B*H][,Q  'O)('V5"]O?U^NA6G[2
MPQ_$;?.]]75>0L8\C56/1%Q)DP3GL<)N7Y=:XU7V<7W-8K;3%P9'6F&1KXLF
M1X<C; QGAAU-?HLL\=MC(V *B]E8SE3K_J($F=&^*3&)P1[0%1>\ZQP]LS)$
MTUXZ]MVZ#RM_K9&C#+_:C#J?<36LM-]3%UK/8,%D/7;>-95*]$)-IK' KZP:
MSW>'.963K['(Q'HQ?<C'6PT5R^Q2(G[^9F3P@RX3<66QKO[EE2ZA3_\ <6*8
M_P $/U;KP)UY8,?;LKM5^*-"[?\ "SQC^+"I5NJ_J==,.X=A"QK4.VX0=@S0
M&,'6&<P9.%9X=8T=TR4"IK;=&UV4GB0QFF2V8?;9$V+$CR9,AXP1CD'"<UT=
MU!@$::_L6-JI -[;,+BV&SQ4N\?MPAF(5#.D7)F 79(!D./S^+R;".VN0)R"
M1;S Q3'0V>*M[,FALGRG?0!)[ ZW]Y&*S-?.9AE-3@V)93FM\\XZ+#\<N\IN
MB10.DR65./UDJVL7QX[51T@[8<0SA!:Y'%(C6(J*Y%YVV\+W,\-O%Q,MQ+'#
M&&.ASE=43D?<.3#9]P.ZX2R+#')*^^,2/(^AL\44LVA[SH'0]Y[5#M6>OUZ>
M5O95]3#R/:SIEG.B5T5":PLQC=)FR!Q@(]ZSE^-BE*Q'/5%1K?*_GQR?/X8=
M51H[M#9:16=M7B$\5!)T./P';W$_;487K'"LRJ'N=LP4?T<^I.A^=6W7;'U*
M^GG3"0ZDW1M("9XZ$*?&UCAE=*S#/CQCJU0$F5=8GZ?C8Y(E?(A2,PML=BSP
MB*L \DB-&[ X3I'/=0#S,?9'YMLJUY<.+>U!&]A7?VIB#V80)*RDCD .XR61
MSN,Q9X75P/.T"+>)3+,0?3:K[,>QW!E9 P^B2:B?F_4Q=:QVWPUW7?>,JB^9
MK?U&;8X% MO@5ZHXGZ*"^LH?S(SPYH/U_P!CW^6+(8U$(Z<)X/Y<Q[?*XY9=
M#V%2Z:/9]WFF)&UOMORO3OKW5'CUW8\M+9793?TF:%6U\> =AOZN?[ZE8Z7^
MI5U6[V!LH.F<KM:W.Z. RUO-6Y]6!QS/:^J>1@'6T:'&GVU)D-5'DD'&GSL7
MO;L52:1!9<I7.LZQ)D)Z@Z1S7311LA CVTC%([VU<S6K.!O@6*I)$Y )19HX
MS( WE\^#\9!B\[C\N&%K(RS(.3V\RA)E7TY *S(Z@]F,;OQ) ;CR7><.Q?;/
MKOU.Q3^%^_MJ8SKZO,$Q*FLL)3YN59(\"+[X^+XC6#FY+D)FO]K#+5UD@$3W
MM)./% CBMQN)P>5SD_D8NRFNF! =U7C#%OWS3OQAB'<:YN"WHH)['UWN1LL=
M'YMY/'""#Q4G<DFO='&NY'/U*I /J0.]0IYS]2EU1I;<\#!-+[PSFNCD47ZY
M8,P[#XLWVJ]%D5T,]_=V;HKT02B6RAU4MWO(A88%&WYK"MO"/-R1AKG(8ZV<
MKORU-Q<,NM=G98HTY>N^#.OT=.>7:+3=<XY&(AM;N91^<WE1 _6H+NVOT@OV
M#W[*=8_7;Z1=B\GI\$N)N9Z*S.]F0ZNIC[8KZ>+B=M:SB?#'@P,UQ^ZN:J&I
M#N''&;*18N,YS"$#Y7.\)B<QX:]18F&2XC6WR5O$K.YL7D:=$4;9FMY8XW;0
MV2(3,0 2=5[K#J[$WLBP,9;.5R%47"J(V8]@%E1F4=]#<@C&^WU5-%ROJE->
M%8V-?3P)MK;3X575UT8\VPLK&4"% @0HPG&DRYLR204>+%CB8\IY!RL$(;7/
M(]K6JJ?J*\C*B*SN[!51 69F)T%50"6)/8 #9]U<695!9B%5069F(4 #N22=
M  #N23H?QU%)O;UM_3ST7-E4Z[=D[@OX:JAZG1M,F?1OPC_^XS!\ZFUY+=[F
M>Q61,P.0;G-4K!L57I-\;X=]59)5D^8"PB;TDR4GS4_O@XO=+\=M  1Z$FH]
M=]586T)7YR;EQZK:+YP_=+M8#^Z4UH99_4R==A2B,INN&Z9\)'O04BSN\&J9
M3QH[^]N)#BV5T(;W,_<]C9Q6C=^U"$3]_),GA!E2!YF6QZL?4)%<R+L#9 9D
MC)'P/ ;^%8=^O+('V;&Z(] 6>)3_ ,(+]_WFLR:I^HMZ/9Q:PZ?/\:W-IQTH
MHA$R#(L7J,IQ.$A/8U22I>$WUUDZ#&]SE>\.(&8@6H57(JN&/'WWA1U';(TE
MK-CLAQ!(BBGDAG;7]5;B*.'N/C.O?:GXUZK?K;$RL%FCNK79[N\:R1CZR8G:
M3^$1[5-_KG96O]OX50[%U=F..Y[@V31/O:+*<7M(MO3V(6$>$[!RHI"-%+AR
MA&A6,"0@I]981Y,"PC1IL8X!UU=V=U87$MI>V\UK<PMQDAG1HY$/J-JP'LL"
M&1AM74AE)4@F5P3PW,23V\J30R#:21L&5AZ'N/0@[#+V96!5@""*^XYYJ[J<
M4IQ2G%*J9>MGO:=GO96LTU!G.=BVD\<@#DP1%1T8^<9K!@Y#<SB_&J,,6+CY
ML9JA,+\CZ^3'M1C43YDL3OH7\EWI.+$=#S]32Q 7_5%[*R2LNI%Q6+FEL[:%
M>7=5DO%OKARO$3(]N3R"1D?*_P"67UQ/G/$:WZ/AG)QG1F.@62%&VCYK,P0W
M]W.P7L[16#XVU4/R,$D=TJ\#+*IV-]$WJ!3VH+KMIG]."Q+!M)6)Z;AV$<!X
MT2;7J-,IST(BB)[K"-)5F,X[,&03JXT?*B. 20ZJF1(5\J+Q'N8)+7P\Q%RT
M"R01Y#J62%W626&7?S#$,RLNH70&_O8RKB97QZAPBSQR6%\C3PFL[I+WQ4SM
MFEPT%U+B^D8KA$:.&:WX_=/.(C*W*>.0KC<?,&4P-'E&*-(;66.R!S2FOH=3
MBE.*57X^H_Q3);[H[@E]3B/)H\([#8A=Y8,7M^*#7V>&;!Q6LN9*.3RHP7E_
M7TK%:_W(:_%X&YJN(*T?"2>&+J.YBD($EQBIXX"3])DN+6=XQ]9CB:3[(B=_
M&&];QN^)A=02D5[$\FNX"M%-&KGZ@[JN_BX_=2]U3E\#7NT=;9]:TH,DJ\'S
M[#LOLL=DM&Z-?P,:R*NNIE+(:5%$X%K'A$@E:9%&X9W(]%;Y3FP=[ ;JQN[5
M)# ]S:W,$<HWN)IHGC20:.^2%@PUWV.U5;;RB&X@F9!(L,T4K(=<7$;JY1M^
MY@-$CXUTWNO_ &&U%V?UCC^W-*YC6YCAV0Q1%0L0PFVE'8*)A)>/9/4_(^70
M9'6/?\-C4SV#.)WM,)3Q#1I)M.\IBK[#7DMCD+=[>XB8C3 A)%V0)87UQEB?
MU1UV">QTP(%\V5[;9"W2YM95EB<>XCDC>^.1=[213V93W'J-@@G)66XEB^>8
MU=X;FV/4V68GDE?(J;_&\AKHMM2W-;*8K)$*QKIHC19<<K?XQF&Y$<C7M\/8
MUR>2">:VFCN+:62">%P\4T3M')&ZG89'4AE(/O!^(^->B2..:-XI422.12KH
MZAD93ZAE/8@_ UZ+5FK\"TKKS$-4ZOQN%B. 8+2QJ#%\>@/DF!75L7W.:CY4
MT\J?/F23$-,L;.QE2[*SL)$JPL9<J;).<G9>WMSD;N>]O)FGNKF0S32MH%W;
MX*H5550 J(BJB(%1%"J .%O;PVL,5O;QB.&% D:#9"J/K)+$D]V9B69B68DD
MFOO'-:]KF/:CF.16N:Y$5KFJGA6N1?*.1R*J*BIX5/**GC^/S5W52]VU]/CV
M;S7MANBOU0_7V!]<BYF6_P!?YYF^1"$,^.Y.&-D)L9H<1Q.)?9(^5@\FTDXJ
MU]_68Q5VGZ*DF%9N";WLV"L?%+#V^$Q[WOSJYRXMQ%=6MM$21+"6B\Z:>=HX
M0MR(Q/\ >FF=/,TT>Q577/1E_+D;H6WDPV/FEX9I9/6.0!S&D48>3<18QCDJ
M*W#8;O6QN._3$5R01$RSN--)9D&QQX^.Z2 *#%,K6_((4VRV>:1/&UWN]DA\
M"M>]JM]T8:M7W8F7QB;F?(P"\ >QFR)+,._<JEF I[GMR<C^L:]J= KK<F3/
M+U(2T  /VM<$G7QTN]^E:(]V_05W]U7UWD>X=;[!HNP.NL,KI5WF8(..3,)S
M_'**'Y--O&XJ2WRBMO:6GAH^5=2ZW)&V<**(L]*%]<";*AR7IWQ,Q>:NXK"[
MM9,5=W#K';%IEN+669NRQ^>(X6BDD;2QJ\)1F(7S0Y56Q&5Z/O,?;O<P3)>P
M1*7E 0PS(B]R_E\I%=%'=BK\@._#B"1J)Z5?<K+.G7;;7=U'O)H-6;(R.AU]
MN+&W2%_1K3%KZP;5Q<CDPR$9'2XP2=8MR2HL6**8($>SIVR65E[:QY6>ZUP$
M'4&#NXS&IO;2*6ZL)M#S$FB3FT88 GR[E4\F1/HEBDFN<:%<;T]E),9DH&YD
M6\\B0W4>_9:)VXAR/0-"6YJ_J &7?%V!Z,'-4*NVN4;?_P"/;K^=K'_G#<W;
MC_ 1_JE_R"M>7^FWZ3?XFI)>J'IJ=U_42L9&Q:&":'A,Z2Z)8;SW)<VL/';(
M]6-("0*([HMQDV7OKV0_TD:8[4SJ2G+#94V%E4*(86P_-]7].]*(+25@UPHY
MKC;"-&E0.>0:9>4<,'+EYI\V19) Q94?8-9S'8'*YHF>,<8B=&[NF8(Q7MI-
M!I)=:X_>U**1Q9E]*E/L/ICMECH72*OMG@LS)TCD<RHGZMOZVA=+15^(+LCC
MY?:V#([T\?)*3%GD%Y5&Q#>$586OC#9&73X.Y6$D<I%O8GE*^\^48$38[:7S
M@#_67M4@/04_ %<C"9 /HFW=$W\.8E9M?_+_ '57P[+=:=O=2MMW^EMV8ZF/
M9G1#C31NBR4L*3(*.P^5:O)<:MF,&*UHK- G;'E-&$X)4>96V,6#:P)\&+:6
M(R]AG+&+(8V02V\A*GF.,D4B:YPS(02DB;&QL@J5=&9&#&&7UA<XVZ>UNTX2
MH 00>2.C?1DC;\Y&T='LP(*L P(%O/Z>;MYDF[.O>==?<]N)EWDG7.?C[<1M
M;2:2782]6YB.U;24?R27EE2!81<4-K61R.*H8%!:XQ2QA C5P6NHKQ4P4..R
MMME+6-8X<LLWGHBA56]MRGF2:  4W$<L;D:VTJ32$DL35D]%Y*2ZLI;*9B\E
MB4$3,=EK>7EP3OW/DLC*#O01HT  45/+L?8>':EP',MG[!NX^-X1@..6^695
M=RFE(*NI*.$6?/.R. 994R0H0N'$@P@'G6$MX(4&/(ER A)6=I:7%]=6]G:Q
MF6YNIHX(8UT"\DC!5&R0%&SMF8A44%F(4$B73SQ6T,L\[A(H8VDD<[]E%!)(
M V2=#0 !+'0 )(%<]CU%O4NW)WUV-9NGVMOB.AJ2V-_<XU!#G/#51844A10,
MFS 48B1\AS>='<IY,V7]S%H_N35>/MCQ/N#SMINE.D,=TS:)Q1)\G(@^=W[*
M"S,P!:&W)!,5J#VXKII-!YMGB%IC-YVYS$[<F:*S1CY%MO2@#?&20 Z>8CVB
MQY!-E4T-[SSTL]#CM9VUQ:GV9DD^AZ_ZIOA F4-]GD&SL\RRBIE#4D>\QC (
M'V9BTQFHU\>=D]]B;+..:-.I&VM>9);<9U#XCX3!S26<*RY2]B)66&V9$MX7
M4Z,<UTW("0>]88I^!!23@1Q'LQ?261R,:SR%+*W< I),&:613Z/'"I!X[WKS
M7CY @IR4[J3*R^F'I_TA[:?N19?KS!HHS66CHOZ1(*U%]PWQXNT_O8@RKX:A
M4E37 3W.4,E?V\B">,DGF#S, GE;[A,BQD ^(+67%B/<-+O^L*SS=!+Q]C*-
MS'O:T'$_N%P"/J.VU\#4(7?KTR]\>GQ88E)V;<X-F.%9_,MX.'YEA-I,>R5,
MIA1I$VNN<?NH-9<U%D.),CRE^ 5K3.81!ANSR&D"RQNE^L,9U2DXLX[FWN+5
M8FN+>X1?960D*\<L9>.1.2E=DI)H<C&!WJ)YG!7F%,9N&AFBF+"*6)CW*:)5
MD<*RMHJ>P9?@Q/LU+'],_FN8/W!V&UZ3)[XF"!UE5Y;'PXEK-)C,;*'Y94U)
M<ABTKS.KXMS(K'_I\NQC@%*E1!1X\HI1Q8S!0?Q@M[<6.*NA!$+DWCP&<(HF
M:'R)'$32 <FB#CDJ$E58D@ L=R/H267YS>P>8_DBW641<CY8D,JJSA-\0Y72
ME@ 2  2P U;=S[.\3UAA.6;$SNZAXYAN$8_:Y/DUY8$042LI::$6=/EE<OY>
MK !>@@C1YI!E'' PABC&ZC+:VGO+F"TMHVEN+F6."&-1MGDD8*J@?63W/H!L
MGL#5CS31V\4D\SA(HD:21V[*JH-L?[NP[DGL-GM7/N]2SU.]K=]=BV5=%L;C
M#>N6-VYO[F^K12'16SP17O#$S/8(8DDL6[S.P'[I 0O-*J\1BR%IZ-2F6VN[
MS:/I#HVRZ9M$=EBN,K-&/G=Z1RXEEVUO;%@&BMT/8D 23L!))H!(XJ:SN?N,
MQ.RAFCL48^1;[X[ WJ68 D/*P[D%BL0/%/5G?-_2OT*^T/:_$J39^9WE'UZU
M;DL$%GC-MEU3/R'-\FJI;4)"NZ;7\.93N#230_X1"FY)D..'L8A8EA4P["KF
M!G+C>H?$G#82>2SMXY,K?0L4F2"18K:%UV#')=,LFY%.@RPQ2A'#*[)(I6O7
MBND<AD(UN)62RMI 'C:12\TBGT=804TA'<&1T+ AD#*5-2"YE],9)%0D+KSM
MV"?DX0/44#,]1$J:&RD_&SXV/MJ//+JPI *5%5Y6TN0$0;VHT3G"531:W\8E
M,H%U@BL)/=[>_$DJ#8V1'+:QI(=;[>9$-^\;[9F7H(A/O.2!D ["6VX(Q[?G
M),Y0;_L/\-=N]>KM!U+[#]'-K!P/<^-S</R.,=USA68T$\LK&<LA5<YJ1<IP
M/*HB1G2!@D-BROA*.LR6A,>&*]J*6R>V*VT\+G,5U'9&YQ\RSPD".XMY5"S6
M[.FFAN8&#Z)'(;!>&0!C')(A+&&9#&WN)N!!=1F-P>44J$F.0*="2&0:V 2#
MH\9$V.:J_:K3GHG>K'?]B'0^IG9&]?;;BI:.3+U?LNVFN+:[3I*0'W%AC>4F
M.YQ;#/Z&K&:T#>N(^1EM#!L)-NG\(*J799'2_B)T1%BN6<Q$1CL)) +RR5=)
M922'2S0@=EM)7(3R]:@E95C^].J16!TKU&][K&W[\KI$)MYV.VN$0 LDA/K,
MB^US.C(@8L.:EI)U>S7\F[L'_0AM?^P=_P K;#_E;%_[QLO]3%4NO_Q&]_9+
MG^2]<NR/(/$."5%.:-*C&'(C28Y'A/'.%[2!. PW-((PB-:09!N:]CVM<US7
M-14W,(# A@"I!!Y#8(/8A@>Q!'9@?7^!J@AL$$$@@[!'8@@C1!]Q']]2W=1_
M2*[J]\XYMPRR1<"P/*YAKE^W-V660OM=@GGE61.N\:K1P;;)\Q66<JR'Y)9.
MJZ"T*LK[;))<T!P)!<[UUT]TR5QZ\KFY@41_,<<D7"U &ECFD9HX;?CK7DIS
MF0<=PJI4U(L;TWE<P#='4,,A+BYNV<M,6]HO&NFDEV3OS&"HW?3D@BMS=N_3
M9]D</Q"=D&J-UZXV[D-=%++)A4RCMM>6=K\3$=]ECUI.LLAII=D5?*1PWDW'
M(3T;^^P&]S1NC]CXNXB>=8K[&W=C$Y""X65+I$WVY2HJ12(@]YC65A_5([C*
M7/0U]%$7MKN"Y=1ORBC0,W]E"6>,M\.90>[?>H$-;;'VAUTVSCVQ,!N+? -I
M:PR59E=-:%8]A3W54<L.PJ[2NEC4<F*=J2ZB^H[..6%8P3SJJSBFBR) 7V==
MV=GEK&6TNXX[NRO(>+C>UDC<!D='0[##V9(I$(=&XNC!@#40@GN+*Y2>%FAN
M+>3:$=F5E.F5E;L0>ZNC AE)1P02*VRU)UV[S>J=N#),LI(^4[?RF1.C#SO;
MF>V_Z=AF)MDH>1"@6>02F)75,0 5,ZGPS%*^1)BP45E'C;8(O:/!7V6Z;Z+L
M(8)#!80A2;:QMDYW$^M LD2GS'8G7.YG8 M^$GY'VLC;V.7ZAN9)$$ES(2/.
MN9F"Q1[[A6<^RH ^C%&K$*?8CX@U+=%^F5W63'/NI_:'5L;+OM?>M)$PG+)N
M.?>^UJ_!_"DTZOL_M?>KV_=_P/\ E]K6O^R\O5@X,_C!CO-TN&O3#SWYC7$"
MR\?39A"LG+6O9\_7NY>I,C'0=UY>SD+<2Z'L"*0Q['N\PL&U]?E;^JH$>T'6
M';G4'<.0Z0W32Q:G+Z$<6='EU<MUCCV34%C\JU.48Q:/!$)8T5HT!TCEDQ(4
M^+)CRZVUKZVV@SH$:S<-F;'/6$61Q\C/!*>)5UX2P2IKG#,G)E21"1L!G5@5
M=&='1C#\A87.,N7M+I LJ:(*GDDJ-OC)&VAM&T=$A2""KJK @70O05[8Y+V-
MZ@S<$SZXD7N<==<DB:__ %:?)?+M+/7]E5LL=?RK.05RF+(KQQKS%(Y2>YY:
M[&()3%-*?(?S7WQ,PD.)SRW-K&(K;*PM=<%7BB72.4NE0>@#$QSD#L&F8
M5:/1^1DOL889F+S63B'DQVS0LO*$M[P5 >,?5&.Y.ZF<S3#\=V%A^58%E]8"
MZQ/-<=NL3R6HDHJQ[2@R&MDU-O7F\>%0<N!+D <K51S4?[F.:Y$5*_MYY;6>
M"Y@<QSV\T<\,@]4EB<21L/K5E#?NJ42Q)-%)#*H>.5&CD4^C(ZE6!^T$BJ5>
M*?3H=Q,FV+G--;Y5K376LL>S*_I\4S?)[I][?YUBD.PDAHLLI\.PX-JD%EM
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MZ#[%)D/_ 'C6 OIH)1F=HNP$)KO$>1H,4HK/_,:'L/$Q ?\ _P"&3I#?XO\
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M.J^X^80--VRE]1)W3S?56%:]ZFZXN9>.FW/0V^7;7MZV22):2]=1+!U%3X:
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M)[%R) T8_.TX&SH&Y#R@JLZO4WM_18M36619-=5..8_31"S[>]O;&'44U5!
MGN/-LK.P-'@P8@6_N+)E'$$;?R][4YSBBDFD2*&-Y99&"QQQ(TDCL?141069
MC[@H)/PKB[I&K/(RHBC;.[!54#U+,Q  'Q)KE0W9!EN;<HB,*(MG/>,@W-(,
M@WRRN8]CVJK7L>U4<US55KFJBHJHO-UHP0D0(T0@4AO4'A]$_P#^>[T^W7IO
M4_:?\:ZI&!?Y"X7_ +IXY_4\/FEMU^,W'Z^;^8U;!P_@HOU:?Y17*YO_ /'M
MU_.UC_SAN;J1_@(_U2_Y!6OK_3;])O\ $UU&=!_YB]+?T3:Y_L?3<TRRGY2R
M/[==_P"HDJ_;+\3M/V:#^4E99YX:]-5??J;_ /-3U2_I"V3_ &;QOER^#GX]
MF_V2T_G2U >O/Q?'?KKC_)'6G/TT7\JW?7_#V7_J1@_,]XO_ )#Q7^\Q_I)Z
MQG0OY1O/V(_SX:FU]<KJO;]E.D=]=8?4GN,_T)>@VY1P((%/9VN.0($VKSZG
MAC&$QSJF-3RY(V#&5IY\S%X,8/R&<()*[\.,U'B.HHH[APEKDXS8RLYTB2LR
MO:R,20!]^40\CV59F)(79$JZMQ[7V*=HEY36;BY0 ;9D5669!VW^#8R<0=L8
MP!WU5*3IUV7R7J!V1U9V#QB(EJ? KUY+BB>5H69'B=S!E466X]\[V%9&/:X[
M96,:!->(R5UDZ'8H$KXC6+L+G\-#GL1>XN9N N8P(Y='[U/&RRP2D=CQ21$+
M*& =.2 CE55XR_DQE_;WL8YF%_;3L.<; I(F^^BT;, ='BVF[:KI!]?^PVHN
MS^L<?VYI7,:W,<.R&*(J%B&$VTH[!1,)+Q[)ZGY'RZ#(ZQ[_ (;&IGL&<3O:
M82GB&C23:EY3%7V&O);'(6[V]Q$Q&F!"2+L@2POKC+$_JCKL$]CI@0+PLKVV
MR%NES:RK+$X]Q')&]\<B[VDBGLRGN/4;!!.:"$&$;RE>P0A,<0A".:P8QL:K
MGO>]RHUC&-17.<Y4:UJ*JJB)S']R0 "23H >I/N 'O)^%>NJ5GK_ '>O2W9#
M,=9:&TQ;1,[BZ1MLGN<OV/1V0)^(S,DR&)6UJXMC<N,PD>];2QZWY[6_@S#5
M3ILMM9!?*-"G%#L+X8=-9#$V]YD\@C6QR*0QP6DB,LZPQ,[^=,"08A(7TD3J
M'"KS;B&4&J^LLO:WTL%G:MYPM&D:6=&!C,CA5\N,CL_ +MG#<=GB-Z)KZ3Z9
MS^4AV+_H1JO[>4W.OQA_).)_WC)_II*[>A/QZ]_9%_G)4XOK1=/[KMQTSR$&
M#5;[?:6F;9FV,'K(PR$L+^-45TV#F.*5[!.5YYUOC,R9.JH(P2#VF04M+6 8
MPDM"LK?P^ST>"Z@B-S)Y=ED$^8W+DA4B,CJUO.Y/8+',JJ[$@)%)(Y[+JI7U
M3C'R6+<0KRN+5_G,0 VT@4$2QK\2T9)4:)9T11Z[JD;TQ[1Y;TQ[*:WW]C$-
M;0F&6IXN3XP0RPQY5AEU&+49;C93.&1D:3-J9,A]3-/'E#JKZ-5VSHLET!H7
M[$]08:#J#$7>*F;A\X4-#, 7,%Q&1)!.!V8JK@*Z@@O$70,.1)JG%Y"3%WT%
MY& WDL1)'L_?(F!62/??1*$\20>+A6X]M5T;^O78W3G:;65+MK2&:U6:8A<#
M&P[H9Q);XY;+&!)EXUEM/\CYN.9+6LD@6=3V0Q':$T>;'6373(4R1J=E<5?X
M6\DL<C;O;SQDZY ^7,FR%F@DUQFA<@\9$)&P5.G5E%WV5];9"W2YM)5EB?UT
M1R1M F.1=[21=C:MWT01M65CG#F.KUU [ZV/J/X)UYT3FW6[7F5PK?L-M_'Y
MF(6=9063"S=78+D,)\;(<@R.1"(XE)>W-+))68K5%)&MB)9NR0;10JZ.^;9?
MAYTE<Y7)6^7NX&3$V$JSHTJ$+>W,3;CBB##4D4<@#SN T8X>2=LY"Q#JK.0V
M5I+8P2!KVY0QLJ-WMX7&G=R/HNR,5C7LWM<^P4$U+_3ZZEY!W1[4:STS71)#
ML6-; R;:-R-A?@Q_6F/2 3,HEF./Q]O,M(Z#QRA551"Y#=50GN&%Q3"O#JK.
M1=/X6\R#N/."-#9Q$@F6]EVL* $=UC(,T@[ZBC<ZWH-76&QKY3(06J@^7R$E
MP_?20(09#OOHL!P3^VZ[&MFNA[V2C@B=9]^18@ QHL;16TX\:-'$P(  #@%Z
M((0A&UHQ!$-K1C$-C6,8UK&-1J(B:K8@ELQC&8DL<E9%B3LDFZB)))[DD]SL
M]_?[ZNB^ %A> #0%I<  ? 0OV _]*YC. ?Y=X5_O;CG]<0N;B7GXM/\ L]Q_
M*:J'A_"Q?K$_S"NJWS2FMA*<4KG >J[_ *1?MQ_2S8_U95\VRZ*_Z*X#]AC_
M )DE4AU#^6\E^TM_@M7,_13_ -&)U9_FG9G_ %KV3R@?$/\ Z99K]9:?_;[2
MK/Z6_(./_1N/]7/4IG(74@JI+]3Y_CWI?_-._?\ G-/<O/P;_!9_];C/Y>0J
MN>O?IXO]&\_QM:]3],3_ )==O_\ =/3G]<;#YS\8OQ3 ?KK_ /EVE<>@OPN3
M_5VO^:>M$?7[UU>8;ZCF?Y79@,VJVW@6KLVQR2YKUCFA4N%U>LYP1$55'\L>
MXP*<\X&*UXV28YB#1)(R%DGAA>1S])VD"$<[&YOK>4=MAI+A[Q21ZZ,=TNC[
M]%0>QUA^L8'BSDTC \;F&WE0GT(2(6[ ?8T)V/K!UWV9:OIO>RNLR:7V3U9L
M[FJI-J5FS+C:&/4\R2*'*S;%,CQO%ZF<>F&9[76MKC%ABYDNHT=7'!3V5-(&
M!X 3C @_BWB+P9"SS21O)926<=G+(H+K;SQ332(LA'9$F28>63H&1)!O94&1
M]#W\'S6?'LRI<+.]PBD@&6)XXU)3?TFC,9Y@=PK(0" 2+.G*=J>UJAWNO:3'
MNE?;&=?W%51PC]=-SU0)EQ81*R*:TN==9'5T]:*1-, )9]M9RXE=6PV$61.G
MR8\.*,L@PQNS?34<DO4.#6*-Y&&6Q[E8T9V"1W<4DCD*"0J(K.['LJ@LQ !-
M8W+NB8K(L[*@-C=*"S!06>!U5020.3,0JC>RQ '<USJ^HW\J[K%_Q"Z6_P"I
M&-<VNSGY#S'^Z+__ $D]4MC?RC8?MMK_ #XZZ@?--JONG%*<4IQ2G%*@Z[[^
MD53[JMKC;W6\E'A>R[21(L\KP2R>ZMP[-["00LJ;<54P(C#QC*9QG.=*&2,F
M/W<PB2YA:.6ZPLI^U/A%\HNYZ8M[;ISK9;K)X.W1(,?EX )\EBH4"I%;7$+,
MAO[")0!&P<WEK&OEQK=1K#!%I7XZ?)0M.L;J[ZL\.VLL/U'<R27.4P=PQML1
MFKB1FDFN[695=<;DYV)\U6C%A>RL)97L9C/<SUM]J:/W-H3('4FU]=YAKRXB
MS'!BFN:R3%@3),;VE^:@R&-\M)>"'^T@Y]%9SXJ^/>*0OM54W;P'573/5UF+
MOI[,XW,VTD(:1+:=))HD?:\;RS?C=VS'NK0W<$,AWIDTU?.WJ?HKJ_H6_-EU
M3T_EL!=Q3%(GO+:2*":2/3<[#(1\K.^C7LRSV-S/$=;61M5YU5V3[%44,=?2
M;]W53UX&HP,&JVGG-?#"QOGPP46'>A"-J>5\-8Q$3ROA/SSHN.B.B[N1IKKI
M'IBZF<[:6YP&*FD8GU)>2S9B??R);TKOM?$7Q"L85M[+KOK*T@0$)!:]39NW
MA0#Z*K'%?(B@;/8*!_"KH70?(+[*NG/7W(LHN[C),@ML AR[6\O[*;<7%G*=
M.G-=)GVEB:1-FG<UC6J:2<A%:UJ*[VHU$^9'BY96>/\ $KK&RL+6VLK.VR\D
M=O:6D$5M;01B*(A(8(52*./9)"HBKLD@=Z^P_@7?WV4\(^@LAD[V[R-_=8&*
M6ZO;ZYFN[NYE,\X,EQ<W#R332$  O([-H ;U5*KU/>RW8[$>_O:;&\4W_NS&
M,=I]H3X=108]M;.J6EJXC:RL>V+755;?18,&.USWN:"-'$-'.<J,\N55MSH[
M#XF?IC"S3XO'32R6*M)++96TDCMS?VI'>)F8_ DD]M]Z\.?O[Z/,9!([RZC1
M;APJ)<2JBCBO955U 'U!>_U5H=_VN>UW_J<["_\ [IV1_P#TO)1]PL+_ -BX
MG_P%I_Y%8K[I9'_]?>_^*G_\ROF<L[![[SVJ)19SN_;V:49E7YJ;+-E9GD54
M7SX\_)77%U,B/1?">?<%?/A//\2<[8,5C+9Q+;8['V\@])(+.WB<?HO'&CC^
M/:NJ2]O)EX37=S*A]5DGE9?J]EW('\#^ZLG=7NDO9GN)DX<<T/J^]R>&V8")
M=YM, 2GUYBK"O:A).29E.&RHAK'#\DI*N*6;D$\,<S*:GLI36QW>+,]18? 0
MF7)WL4+<2T=NI$EU/KZ(AME/F-LZ7GI8U/$R2(O>N_'XJ_R<@2SMWD&P'E(X
MP1[]\LIVHT._$;<@'BK'M5^7T[.B&$] M"Q=845BS*<XR.<+*-JYXL5L5<GR
MQ\,41L:L ]OW$/%L>CL6OQR!((\S1OFVDE&6%O.;S6/JOJ6YZGR9O)4,-M"I
MALK;ER\B ,6VY]&FE8\I6  [*@]F-*N'"8B+#68MT;S)7/F7$VM>9)K6E'J(
MT XHI]VV/M,U?1=]^E6"=\.OE]I;+YJX]= F!RC7&<AB).E83G=;%F1JVV=#
M4L=;*HF19TVGR&H^X L^GGR?M9,*T!6V,+JZ8ZAN>F<K%D+=?-C*F&[MB>*W
M%L[*SIRT>$BLJR1/H\9%'(-&71N>8Q4.7LGM93P8$202@;,4R@A6UL<E()5U
MV.2L=$,%84#NU'13M'TMRF34[KUI>TE0"R+'Q_9E&&3<:WR=H)'LAS\?S."+
M[$1Y;/@F"I;=:C*:\<B.VVHZV4Y8[=GL-U)ANHH1)CKR.20H#+92$1W<.Q[2
MRV['D54EE,B<X6(/"1U[U3N1Q&0Q<A6Z@=5#$).@Y02:/8I, 0">QXMQD7MR
M13VKW6&^I/WWP*G#C^-=M-W1ZF,Q@XL2TS:QR5(@1J]6 AFR9UO(B1V?(Y&Q
MXY@@:QK&(-&#&UG7<=(=,W4AEGP>.,C:+,END/(GN2PA\L,>WJ03V]=%J[(L
MYF(5X1Y&["CT#2L^O?H%^1U]0.JQ9L_LOVD[+S(-+M7=&XMQ$D3!MJ,6O\NR
M;)*W]0*]B#;2XBDHU4"88@Q*B5M4(Y7C%_\ ,YC/'LL\/A<.K266/L+ <2))
MX8(87X#8/F3\ Y4 GZ;D %O@-^6XO[^_(6XNKFZV>T;R22+R.OH1;*@G0^BO
M< :J1#IIZ(/<+LW<4]UL7%+/KCJ I@GL\NV95GJ\RLJ]##^<&(:UF.B91*G2
M([VF@662Q<:QF1'>LJ)<V#QI"/%>H/$7 X>.2.TG3+7X!"063A[=&[@&:\7E
M"B@C3I"9I@?9:-00RYS%])Y/(,KSQM8VWJTDZE96 /M"* \9"2/:#2".,@;#
M-O1ON4U8*EIZJFCD(8%36P:P)3>WY2B@1111D+[&M9\CV":Y_L:UON5?:U$\
M)S661S)))(P ,CLY ] 78L0/J!.A5OJH554>BJ%!/KH#7^ KEQ7NI-K/N[A[
M-9;!>U]K8.:YN&9&YKFNEF5KFN2M5%:J*BHON5%1?**OY\;F0WUEY<?]-M?H
M1_\ XB/^H#_^9KW?X_4*H%[:XYM]XF^DW_5/\3_9KIM:*"6/I'3D<XB .#56
MO0F"5CQE"46)4XRB*-Z(\9!O:K'L>B/8Y%:Y$5%3FGN2(.2R!!!!O;H@@[!!
MGDT0?>#[C5[V8(M+4$:(MX 0?4$1)L'ZQ65>>*O359SZE+%<HRG5O5H6,8W?
MY&6'G^Q22Q4-/8VY(HRX[CK1$D,KX\AP&%<-[1N*C6O<QR-55:OBW_"*:&*]
MS7G2QQ!K6T"F21(PY$LI(!8C>M=]>G[Z@?74<DEOCQ'&[ZFGWP5FUM(];*@Z
MWHUJ%].!A.9XOVEWG*R;$<GQV-)T :/'DWM!:U #R$V)A!% $UA$CC*9HVN(
MHV.<_P!C7/\ ;[45W,[XM7%O-AL:L,\4I7)@D1RHY ^:7"[*J21W[;/V;K&]
M#Q2QY"[,D<B!K/0+HR@GSXNP)45<><UKVN8]J.8Y%:YKD16N:J>%:Y%\HY'(
MJHJ*GA4\HJ>/XZ#JSJJ%>J#Z$V:U^4Y+OKI%CJY5C&03;+(,PT%6M@PKO$)I
MG)+F2M6QG$BAO\=ED?*,/"([67M(5HH.-!OH,J-64M[=&^)5NT,.,ZBF\B:-
M4B@R;\FBG4>RHO3IC#*HX@W!^]2+MIC"REY*USW2,JO)>8E/,C<L\MFN@\9/
M<FV&P'0^OE \U/:,.&"I78PW8_8/J]FUJ_!<SVQH38$-?TO((U';Y3KK)6-$
MYSOTO(:\!JJ:4(W/<]:ZVCD"Q[E<H$<OGEK7-IBLS;I\ZM[')VK>W$9(X;N'
MO^?$Y#J"=:YQD'OZFH5%/>8^5O*EN;.8>RX1I()/9_-=5*DCMOBPU]59HR7M
MGWT[7+#U-<[L[#;G;D*LK@:TIK[++P.3/(T44<:5AN-> Y$1RJ-C4G5TY_R&
M(_S\DDSB8^'!],X3E?1X[%8_RO;-Y)%!&8=;8E+B;1B![_1=>P'NUKTOD<QD
M=6S75[=<_9%NKR.LFP!WAC[/V[:*GU/ILU]5V?\ 3JWKT[TAJ/;.^X]=B.0;
MBR:^J*36+##L,CQRHH:B!9.L\NFQ#$K*ZSL'V(61L>B&GRH,<;G6\B#8N+51
MNC"]5XW/Y&^L<8SSQ6$,4CW@!6&6261H^$"L [H@0\I6"HQ/WL,FG;MR&$N\
M;:VMS>!8WNI'5+<'D\:H%;E*=\59N0T@+,H^D0VU$K7TSG\I#L7_ $(U7]O*
M;D+\8?R3B?\ >,G^FDJ1="?CU[^R+_.2KF7-?JL^JO\ ZI7H63=JY/D/87I9
M7TM?F-\<]MGNB3'K\>I\ENI!#'L,FU];V$J%245O9F<AK7%[0E?23I9)%G6V
MM;(>ZLFW)T9XE+9018KJ%I'MX@([7) /+)#&  L-S&JM)*B#M',@:15 1T<#
MFL Z@Z1-Q(][BPJRN2TUH2J+(Y^E)"S$(C,=%HVXH6VRLI]DUDX%MVYZ-;&E
M-@3=W]8]CHTD.:!%RO7=E<P8$IS5#+B%2!%RFA22BD"D@5I2255D@"F8\9'7
M 8\%U):+R7'9BT[,I(ANDC9E[E7')H9?<=%)%WHZT5J"!LEB9SHW=A/Z$??(
M&8 ZT1[(D3>M \D/J-]JS7EOJL^HEFU&?';WMEM,=7)C_:2/X.RZ?#;(L96*
M-XWWN'5%#=K\HW.:9Z6*/.BK\SG^>8Z#HGI2WD$L>#LN8VP\T27* ^NS'<22
MIV/H"FAZ"O5)U#FY4*/DKCB1H\"L3$#X/$$<;]_M=_?7\.K'IT]R.\V3#M,!
MP'(%QBZLDEY%NW9+[&DP8*SSH6=;ER>U":PS*>CC_=2X.*1LDO"*9AY$5@BK
M)3EFNJ\!TW"4NKJ+SHTXQ8ZTX27)XC0B$2$+;1]N*F<PQC6@VQJOS'83)Y:3
ME#"XB9MO=SADA&SMV,C>U*W?9$:N_?9&CNKQ?I\^GKJ3T_-62\.PDY,MS_+2
M0I^S]IVE>&!<9A80&';7P(D$9I:4>*4:2YC:*@'-F* DR=/G39]E/DRGZY=4
M]57W5%Z+BY @M8 RV=DCEHX%;7-F8A?,GDXKYDI5=A55555 JV,-A;;#6YBB
M/F2R::XN' #2L-\0!L\(T)/! 3KD22S$FME.R,63-Z[[ZA0HYY<R7I?:4:)$
MBB)(DRI,C![T0(\< FO*8QBO8,0A,<0A'-8QJJJ(N'Q#*N6QC,0JKD+)F8D
M!1<QDDD]@ -DD]@._P :]]\";*\ !)-K<  #D23$X  &]DGT'OKFR8+HC>(L
MWPXQ=-;6$(658\0A":[R]@QC9;PW/>][J=&M8QJ*YSG*C6M15541.;<7.2QW
MS:X R-D28)% %U#LD1MV'WS^_7Q["J-AM+OS8OZ+<?A$_P"ID_K#^S74$YIO
M5^4XI7.F]5/#<OL/4.[93(&*9)-AR-K6!(\N'16DF,<:UE6GO"<,5XBM545/
M<QSD\HJ>?QXYM?T5<0+TK@U::(,+- 4:1 0>;]R">0_]GWU2?4,4IS61(CD(
M-RVB$8@CBOH0/K]?_2KC'HQ0)]7Z9_5^#9PI=?.!4[)^>'.C&B2@_+N;8QQH
M8$A@S#^0)!E9[V(KQO81ON:YJK07B ROU?F61E=3)9@,K!E.L?: Z(V#H@@_
M6"*LSI<%,#CPP*D)/L$$$?TJ<^A[^G?[*E!Y#:D%5//J9Z"]O+WIO^B4MM<+
M%J=\?<_I=;,L?M_GF:B^'Y_M F^'YOA+\7R>WY/B+[%7V.\7?X/RQQQ9_P R
M1(]RXS7-U3>EOMZ#$<@-C9'IL&JZZ\1WDQ?!&;2WF^*EM;-MK9 .@=$?&O5?
M3/8]?T><=N'W5'<4[9&*:@;'=:5DVO:=P[?8"D:%98 H51H]GO1BN<U'-5WC
MW(J\_%^:&2UP7E21OJ>_V$=6UN.UUOB3HFOSH1'27)<T==Q6I')2N_:G]-@5
M,UZHOIQ8SZ@^H*RL@VL3$-UZU?;6FJ,QF">2J(2U#%2YPS+& $:4[&,C=7U[
MUGQ!EL,?M84*VAAFQ4M::XK[HSJR?I:_=V1I\==\$O;=3IP$)\NX@V0OG1<G
M]EB%E1FC8JWER12?J#!QYJV50PBNH.36\I^CI@.<4FN_ER<5V1MD8!@".2M1
M&W7UP[,].<^AU.W]>9[I[+ZFQ9+QS(521$@3)D$JECVV$YY0R#T=U]N4*D#9
M8S=RUBF$YKBAD!(QFRN.RV'S]JSV%U;W\#IQEBT'958:9+BVE DCV#KA-&FP
MWH01517=C?XR8+<P36TBMM'[A68#8:*9#P;6M!D<Z;N=$5F"B]3[U!\=J@4M
M;V[W:Z#&&@0K:Y;)OYPQM&P+6+;7S+*U>C!L:C/?-?[%\O;[7N<Y?!)T;TM+
M(9'P6-+,=D);B)=[W]"(HBGDWN4UZDSV91>*Y*[T.P#2ES_Q/R;^_P"T5@G-
M-L=F>U6455=G6?[H[ 984[V8]1W=]F.QK,1R^??'QN@)(M70T=[G?X+300#\
M.=X$GN5%R5O8X?!PO);6MABX !YLD<5M:(0/0S2@+R]_M2$GX'W5XY;F_P C
M(JS375ZY.T1GFG8'X1IMM?8@'Z(W4T_IL^B5VGR_:^K-Z[WJS]?==:_S/#]B
M0*7*(PC;.S*1B]S7Y)7U4?#4D-DX?"FR8#(5G/S%U7;0!O4L+&;3S[AU]U=X
MBX6"ROL;C7&4N[JWGM&DA8BSMQ-&T3.;@#C.R<BR+;\T8C33)[I5@NE,A)<V
M]Y>*;."&6*=4D -Q(8W5P@BWN(,5TQEXLO;43>M79N:[U:E.*4XI3BE.*4XI
M7K[.JJ[N#(J[FMK[>ME-]DJNLX<>?!DL14=[)$26,H#-1R(OM(-R>41?'GQS
MN@N+BUE2>UGFMIXSN.:"62&5#[RDD;*ZG7O!%>>YM;6]@>VO+:"ZMI1J6WN8
M8YX9!O>I(I5>-QOOIE(WWK!DWJ3U4L9))EAUEZ^3Y95\EE3=,:XE22K_ .)#
MGQLA7K_[N<J\E<7B)X@0((X.NNL88U[+'%U-FXT4? *E\%'[A4)F\*O"ZXD:
M6?PWZ!GF?NTDW1_3TDC'XL[XYF/VDFLT8YC6.8=1UN,8C04F+8W31DAT^/8Y
M50:2CJ8;7.>V+6U-8"+ @QFO>][018X1(YSE1B*JJL7O;Z]R5U/?9&\N;^^N
M7,MS>7MQ+=75Q(0 9)[B=Y)I7( !>1V;0 WV%3+'X['XBRML;BK"SQF.LXQ#
M:6&/M8+*RM8@21%;6MLD4$$8))"11JH))ULFL.9-U1ZMYK?6N59EUKT#EV47
MDITVZR3)M.:[OKZXFN:UCI=I<6N.2[&PE.8QC'2)<@Q5:QK5=X:B)ZH<WFK>
M)(+?+Y2"&->,<,-_=Q11K_52-)E15[^B@#UK\DQV/E=I);"SDD<[>22U@=V/
MQ9F0LQ^LDFO1?]BCII_Z2>LG_P"A=5__ ,ISM_VAS_\ VYF/_P"3O?\ SZX_
M<K%_]FV'_@[?_P NO-K^G746IE"GU?5CKC6S@+[@S*_1^LH<H+O_ #"D1L8&
M8:_^['HO.+9_.NI5\UEG4^JMD;QE/V@S$&OU<9C5(*XZQ4CT*VEN"/L(C&JV
M"@5\"JA1JZL@PZZOA"8"' @1@PX<4 T\#!&BQV#  3$1$8,3&,8GA&HB)S%L
M[.Q=V9W8[9F)9F/Q9CLD_637M "@*H"J!H    ?  =@/LKS.<:_:<4K^$F+&
MFQS1)D<$N+)&X,B-)",\<XGI[2",$K7C*-[55'#(US7(JHY%3GZ"RD,I*LIV
MK D$$>A!'<'ZQWK\(# A@"#V(/<$?6/2M>[/I]U)NIA;"XZM]=+:>=5<:=9Z
M2UI/F&<Y[B.4LF5C!3$5Q'O(JO(JJ][G+^YRJN53/9R-0L>9RT:CT5,C>*H[
M:[!9@!V[=AZ5XFQF-<\FQ]DQ/J6M("?WDQ[K)6%:EU5K5KFZZUGK[ 6O'\+V
MX5AF.8JCP^!I\+DHJV CA>!"3XU16^!#3Q^QOCQW-]>WGXW>75UWW_2;B:?O
MW[_?7;OW/?ZS\37HBMK>#\!;PP^[[U%''V^'L**R#SRUW4XI3BE.*4XI3BE.
M*4XI3BE8_P WU/JS9K8S-D:TP#8+(7C[-F<8;CN5MB>%(Y/MFWU=/0'A2E5/
MB1GA2$7^-[O/JMKZ]L]FTO+JU+?2-M<30<O3U\IUWZ#UWZ"NF6VMY]>?!#-K
MT\V))-?9S5M?NK^^%ZQUKK8!XVN]>X-@,:4@VRH^%XG08L"2T2O<)IQ4=?!&
M9!.>]PT(UR,<][F^%<[SQN+R\NR&N[JYNF'T3<3RS$;]=&1G(WVWKX"D5O!
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6XI3BE.*4XI3BE.*4XI3BE.*4XI7_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>sangomab.jpg
<TEXT>
begin 644 sangomab.jpg
M_]C_X  02D9)1@ ! 0$ 2 !(  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "" 98# 1$  A$! Q$!_\0
M'@ !  (#  ,! 0            D*!P@+! 4& @/_Q !'$  !! (" 0,# @ '
M#08' 0 # 0($!08'  @1"1(3"A0A%2(6,3AU=[6V%R,D-38W.4%"=GBTMQ@S
M45)881DR-$-3E]:"_\0 '0$!  (" P$!              8'!0@" P0) ?_$
M %,1  (!! $" P,%# <#"@0'  $" P $!1$2!B$'$S$B05$(%#)A<14C,S0U
M0G)S=(&1LR128J&QLK06=9(8)39#58*4T^'P)H.BM4135).5P='_V@ , P$
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M+&2=$8+)<,4AM8CV)#W$K)%S (;RU9I2O=4/:L;D,MC\8H-Y<I$S E(AMYG
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M> 'ZC+L^[=2PPYD2PB19\"5&G09T8$R%-AG%)B3(DD3#1Y460%Y R(T@+V%
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M@5RO%;'+L8@ $YRO^^O[6DCK'3Y'N$1'B9'\CX:=4V"L\=M!D8UV2;";S)%
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M[&()3%-*?(?S7WQ,PD.)SRW-K&(K;*PM=<%7BB72.4NE0>@#$QSD#L&F8
M5:/1^1DOL889F+S63B'DQVS0LO*$M[P5 >,?5&.Y.ZF<S3#\=V%A^58%E]8"
MZQ/-<=NL3R6HDHJQ[2@R&MDU-O7F\>%0<N!+D <K51S4?[F.:Y$5*_MYY;6>
M"Y@<QSV\T<\,@]4EB<21L/K5E#?NJ42Q)-%)#*H>.5&CD4^C(ZE6!^T$BJ5>
M*?3H=Q,FV+G--;Y5K376LL>S*_I\4S?)[I][?YUBD.PDAHLLI\.PX-JD%EM
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MZ#[%)D/_ 'C6 OIH)1F=HNP$)KO$>1H,4HK/_,:'L/$Q ?\ _P"&3I#?XO\
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M.J^X^80--VRE]1)W3S?56%:]ZFZXN9>.FW/0V^7;7MZV22):2]=1+!U%3X:
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M)[%R) T8_.TX&SH&Y#R@JLZO4WM_18M36619-=5..8_31"S[>]O;&'44U5!
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MBB)(DRI,C![T0(\< FO*8QBO8,0A,<0A'-8QJJJ(N'Q#*N6QC,0JKD+)F8D
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M9!.>]PT(UR,<][F^%<[SQN+R\NR&N[JYNF'T3<3RS$;]=&1G(WVWKX"D5O!
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6XI3BE.*4XI3BE.*4XI3BE.*4XI7_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>sangomac.jpg
<TEXT>
begin 644 sangomac.jpg
M_]C_X  02D9)1@ ! 0$ 2 !(  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" "" 98# 1$  A$! Q$!_\0
M'@ !  (#  ,! 0            D*!P@+! 4& @/_Q !'$  !! (" 0,# @ '
M#08' 0 # 0($!08'  @1"1(3"A0A%2(6,3AU=[6V%R,D-38W.4%"=GBTMQ@S
M45)881DR-$-3E]:"_\0 '0$!  (" P$!              8'!0@" P0) ?_$
M %,1  (!! $" P,%# <#"@0'  $" P $!1$2!B$'$S$B05$(%#)A<14C,S0U
M0G)S=(&1LR128J&QLK06=9(8)39#58*4T^'P)H.BM4135).5P='_V@ , P$
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M+&2=$8+)<,4AM8CV)#W$K)%S (;RU9I2O=4/:L;D,MC\8H-Y<I$S E(AMYG
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M> 'ZC+L^[=2PPYD2PB19\"5&G09T8$R%-AG%)B3(DD3#1Y460%Y R(T@+V%
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M@5RO%;'+L8@ $YRO^^O[6DCK'3Y'N$1'B9'\CX:=4V"L\=M!D8UV2;";S)%
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M[&()3%-*?(?S7WQ,PD.)SRW-K&(K;*PM=<%7BB72.4NE0>@#$QSD#L&F8
M5:/1^1DOL889F+S63B'DQVS0LO*$M[P5 >,?5&.Y.ZF<S3#\=V%A^58%E]8"
MZQ/-<=NL3R6HDHJQ[2@R&MDU-O7F\>%0<N!+D <K51S4?[F.:Y$5*_MYY;6>
M"Y@<QSV\T<\,@]4EB<21L/K5E#?NJ42Q)-%)#*H>.5&CD4^C(ZE6!^T$BJ5>
M*?3H=Q,FV+G--;Y5K376LL>S*_I\4S?)[I][?YUBD.PDAHLLI\.PX-JD%EM
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MZ#[%)D/_ 'C6 OIH)1F=HNP$)KO$>1H,4HK/_,:'L/$Q ?\ _P"&3I#?XO\
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M.J^X^80--VRE]1)W3S?56%:]ZFZXN9>.FW/0V^7;7MZV22):2]=1+!U%3X:
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M)[%R) T8_.TX&SH&Y#R@JLZO4WM_18M36619-=5..8_31"S[>]O;&'44U5!
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MBB)(DRI,C![T0(\< FO*8QBO8,0A,<0A'-8QJJJ(N'Q#*N6QC,0JKD+)F8D
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M9!.>]PT(UR,<][F^%<[SQN+R\NR&N[JYNF'T3<3RS$;]=&1G(WVWKX"D5O!
M"(((80?411)&#]H0+NJR?U.F35X\7ZAX:A6/M9E_M_)GA:YJOC5];7X#5#*=
MGO\ D&R;)MBMB.4;FF6!,1KT4#D=<'@["YFSMQKV%BL(=_%W>Y?0]QX\!S]=
M<E^-03KV1?+QL7YQ>YDU[@JK"O?[2W;XZ/PK"/TRE!-D[H[192,;W5]-J_!Z
M"45$7V,FY+E=A8P!N=X]J/(#$[%S$5R*Y!$5$<C55N3\895&/PT)(Y27UU*H
M]_&&!$8_9N9-_:/C7DZ#0FZR$GJJV\2$CW&21F7^(C;[=;JXGRA*LRG%*^?R
M7$\5S.L)29AC./Y73&<CC5&2TU=>UA7-7RUQ(%I&E1'N1?RBN$JHO\2_Z^=L
M,\]NXEMYI8)!Z20R/$X^QD*L/XUPDCCE4I+&DB'U61%=3]JL"#_"L8TO6;K?
MC<\-KCO7[2-!:1WM)'LJ75.!U<\!&^4:\,N#0@D">WROAPR-5/<OA?RO/9)F
M,O,I2;*9&5#V*R7URZD?6K2D$?:*\Z6%C&P9+*T1AZ,EM"K#["$!'\:S8UK6
MM:UK4:UJ(UK6HB-:U$\(UJ)^$1$_"(GX1/PGXYCJ]=?KBE.*4XI3BE.*4XI3
MBE.*4XI3BE.*5ZVWIJ?(*Z53WU367=3-&X,VKMX,6RKI8G)^X4J%,$:-(&Y%
M_<PHGM5%_*<YQR21.LD3O'(IVKQLR.I^*LI# _6"*XLJ.I5U5T(T58!E(^L'
M8(^W=8 D=-NH4R0LN7U5ZW2I:JURRI.C=8GD*YJ^YKE,3%W$\M=^Y%]_E%_*
M*B\R@Z@SRCB,WEPOP&2O0/X";5>,XO&$[..L2?B;2W)_CY>ZS#B.O, U_&?"
MP/!L/PF&1/:2)B.,TN-QGM1RO1K@4T*$)R>]5?X5BI[E5WCW*J\\$]W=73!K
MJYN+EAZ-/-),P]W8R,Q]*],4$,(U##%$/A%&D8_@H%?8<\]=M.*4XI3BE.*4
MXI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*5Z?(<
M@I,3H;S*<FMH%#CF-5%GD&07EK*%"JZ6DIH1K&VMK*8=S Q*^N@1CS)DDSV"
M!'"0I'-8U53LBBDGEC@AC:6::1(HHT!9Y)9&"(B*.[,[$*H'<D@"N#ND2/)(
MP2.-6=W8Z544%F9B>P"@$D^X#W"JKF$_4GQ:_>^R(6QM,FO^N<_+R"UC>X2]
MM;M#&,2B)'K1S,AI+V>RBRTMTR*_(U@-LL4FTLRRF5JS[2(.""#=-QX1,V-M
M&M,@(LLL -Y%<@/9S3-MRL4L2F2#RRWE<N%PLBHK\48DM7T77(6\G$]KSL3+
M_1WB(6XCB&EVZ.W"0MKGQY1E2Q7DPT%F#UAZQOIR;3KHTR!V6Q7#9I0M?+H]
MGU]]KRQK#*)3/B29>2U<+'YA1L5&N/27EM (7^\ F%,BLY KSH'JRR<JV(GN
M%_-DLFBNT<;T&587:503[I(T8#VBH'<R6#J?!W"@B^CB)[%+A7A93K>B74(>
MWO1V7?;EOM7G[8]7KT[]1X],O9_9;!LYDQP/)"QK4\E^R<AMY#6.>.!#%C+9
M=3".?V*QDF_MZ6J$]6I*L(Z.:J\;'H3JN_E6-,/=6P)TTU\OS2*,;T68S<78
M#7T8DD<_FHU<KGJ7"6R%VOHIB =);'SW8_ >7M ?K=E4=]L/?2,]0_O%EO?C
ML-:[?NZM^+XG45@</UCA*RW2UQG"J^;.FQEL3-=]K*R2ZFV$NVR&;&&P3I)X
M]='<6NJH'MV*Z5Z;@Z8Q26$;^=<2.;B\N./'SKEE53P'JL,2JJ1*23H%SJ1V
MJJ<UEI<Q>M<NOEQJHBMXMD^7$"2 QUQ,K%B[D>I(4>RJFK?GH:]/+OJQU!'D
M^>5*U&S>PMO V7>5Y_F98TF&,J11-=8[:1R,&D6>"ND6N2RXKV?=0966'K)K
MFR(+HX*(\2,_'FL\8;9_,M,5&UG&RZX27',M=RH=G:EPD*L#Q80!U&FV;*Z3
MQCX_&^9,O&XO66=U/9DBXZ@1A[F"EI"/4&0J>ZZ$T'*^J4TXI3BE.*4XI3BE
M.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4X
MI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE?+YIA>*;&Q+),#SJ
M@K,KP[+Z:PQ[)L<N8S)E7<TUG')%G5\V._\ #Q' 1S%<U6$&[VE"\96,>WNM
M[B>TN(;JVE>&X@D66&6,E7CD0AD93W[@CW]CZ$$'5=<L44\<D,R+)%(I21'&
MU96&B"#[B/A_C5;#L]]-OK7*IUIDW53<$_64N9*DS!ZXV;#D97A0%.X;A0*3
M+JI!99C];#\&5C;BLSN:9"L$LT#1(K[<POBW=P*D.;L%O%4!3=V;""X.MAFD
M@?<$KMV_!O:J-;XG=0:_Z&@D8R8ZY-N221!.#)$-_FI*NI$4?!UF/UC0J)?-
M/0"]2#%I1X]'@6N-D!$CU'.PO:^*08LI6>?#0,V(? IK5)X\L^YAQVIY3Y%9
M^?$XM_$_I*909+J[M"?5;FQG9A\-FT%TOL_4Y^(!J.2]'9R,D)#!.!^=%<1C
M?V>>T)_XA^ZO!PST#?4HRB?'AWFKL&UO',4;"6N9[;P.= B->5XW&D#UY<9Y
M:.&%K6F(D6MDE4;V($12H03.5QXG=(P@M'>W-V0#I+>QNE9M#>@;J.V3;>@#
MN%Y;+$"N,71V=D;3V\, /YTMS"5'V^0TS=CL]E)[[!WVJ>#H9Z!FG^N.34FU
M^Q>35^_=ET,B/9XYBT:I/7ZGQ.XC%8:-:%K[$C[+/+."432UQ[^-5T<4A%,3
M%I-A%@646M>IO$Z_RT$MAB87QEG*#'+,SJ]]/&W8H'0!+9&!TXB:20@:$P4L
MAEV'Z.MK&1+F]D6\N$(9(PI6VC92=-Q;VIF'JI<*@/M>66"L+!O*MJ:4XI3B
ME.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4
MXI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3B
ME.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4
MXI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3B
ME.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4XI3BE.*4
6XI3BE.*4XI3BE.*4XI3BE.*4XI7_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
