During the year ended July 31, 2025, the Company purchased certain laboratory equipment in the gross amount of $nil (July 31, 2024 - $456,801).

 

   Laboratory
equipment
 
Cost:     
As of August 1, 2023  $- 
Additions   456,801 
Disposals   - 
As of August 1, 2024   456,801 
Additions   - 
Disposals   - 
As of July 31, 2025  $456,801 
      
Accumulated depreciation:     
As of August 1, 2023  $- 
Depreciation   68,626 
As of August 1, 2024  $68,626 
Depreciation   91,356 
As of July 31, 2025  $159,982 
      
Net Book Value:     
As of July 31, 2025  $296,819 
As of July 31, 2024  $388,175 

 

Historical Timeline

Fiscal YearFiled
2025Oct 16, 2025Showing above
2024Oct 29, 2024
2023Oct 25, 2023
2022Oct 28, 2022

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.