| Lease, Cost [Table Text Block] |
Right of use assets – operating leases are summarized below:
| |
|
February 29,
2024
|
|
|
Amount at inception of leases
|
|
$ |
4,384,520 |
|
|
Amount amortized
|
|
|
(2,599,873 |
) |
|
Prior Period Impairment of Quinn River Lease
|
|
|
(205,888 |
) |
|
Balance – February 29, 2024
|
|
$ |
1,578,759 |
|
Operating lease liabilities are summarized below:
|
Amount at inception of leases
|
|
$ |
4,297,720 |
|
|
Amount amortized
|
|
|
(2,432,479 |
) |
|
Balance – February 29, 2024
|
|
$ |
1,865,241 |
|
|
Warehouse and offices
|
|
$ |
1,751,609 |
|
|
Land
|
|
|
205,888 |
|
|
Office equipment
|
|
|
5,402 |
|
|
Balance – February 29, 2024
|
|
$ |
1,865,241 |
|
| |
|
|
|
|
| |
|
|
|
|
|
Lease liability
|
|
$ |
1,865,241 |
|
|
Less: current portion
|
|
|
(433,465 |
) |
|
Lease liability, non-current
|
|
$ |
1,431,776 |
|
|
| Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] |
Maturity analysis under these lease agreements is as follows:
|
Twelve months ended February 28, 2025
|
|
$ |
616,524 |
|
|
Twelve months ended February 28, 2026
|
|
|
589,970 |
|
|
Twelve months ended February 28, 2027
|
|
|
292,381 |
|
|
Twelve months ended February 29, 2028
|
|
|
298,127 |
|
|
Twelve months ended February 28, 2029
|
|
|
276,130 |
|
|
Thereafter
|
|
|
332,691 |
|
|
Total
|
|
$ |
2,405,823 |
|
|
Less: Present value discount
|
|
|
(540,582 |
) |
|
Lease liability
|
|
$ |
1,865,241 |
|
|