| Lease, Cost [Table Text Block] |
Right of use assets – operating leases are summarized below:
| |
|
November 30,
2023
|
|
|
Amount at inception of leases
|
|
$ |
4,384,520 |
|
|
Amount amortized
|
|
|
(2,498,580 |
)
|
|
Prior Period Impairment of Quinn River Lease
|
|
|
(205,888 |
)
|
|
Balance – November 30, 2023
|
|
$ |
1,680,052 |
|
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
4,297,720 |
|
|
Amount amortized
|
|
|
(2,334,821 |
)
|
|
Balance – November 30, 2023
|
|
$ |
1,962,899 |
|
|
Warehouse and offices
|
|
$ |
1,751,609 |
|
|
Land
|
|
|
205,888 |
|
|
Office equipment
|
|
|
5,402 |
|
|
Balance – November 30, 2023
|
|
$ |
1,962,899 |
|
| |
|
|
|
|
| |
|
|
|
|
|
Lease liability
|
|
$ |
1,962,899 |
|
|
Less: current portion
|
|
|
(423,925 |
)
|
|
Lease liability, non-current
|
|
$ |
1,538,974 |
|
|
| Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] |
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended November 30, 2024
|
|
$ |
608,650 |
|
|
Twelve months ended November 30, 2025
|
|
|
586,042 |
|
|
Twelve months ended November 30, 2026
|
|
|
366,582 |
|
|
Twelve months ended November 30, 2027
|
|
|
296,306 |
|
|
Twelve months ended November 30, 2028
|
|
|
291,933 |
|
|
Thereafter
|
|
|
391,713 |
|
|
Total
|
|
$ |
2,541,226 |
|
|
Less: Present value discount
|
|
|
(578,327 |
)
|
|
Lease liability
|
|
$ |
1,962,899 |
|
|