Company: DSNY
Filing Date: 2025-07-14
Form Type: 10-Q
Source: 0001062993-25-012768
Chunk: 40

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-07-14
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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1,792,154 compared to $1,842,071 as at August 31, 2024. The decrease in our working capital was primarily due to operating results.

Cash Flows

The following table sets forth a summary of the net cash flow activity for the periods indicated:

  Nine Months Ended        Net cash and cash equivalents provided by (used in) May 31, 2025  May 31, 2024  $ Change  % Change Operating activities$138,911 $291,047  (152,136) (52.3%) Investing activities (314,225) (422,965) 108,740  (25.7%) Financing activity -  (470,271) 470,271  (100.0%) Effect of foreign exchange rate changes on cash and cash equivalents (44,562) (9,693) (34,869) 359.7% Net decrease in cash and cash equivalents$(219,876)$(611,882) 392,006  (64.1%) 

Operating Activities 

Net cash provided by operating activities during the nine months ended May 31, 2025 was $138,911 (May 31, 2024 - $291,047). The primary reason for the decrease in cash flows from operating activities is related to the timing of receipts of refundable taxes.

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Investing Activities 

Net cash used in investing activities for the nine months ended May 31, 2025 was $314,225, compared to cash used in investing activities of $422,965 for the nine months ended May 31, 2024. The period-over-period decrease was mainly driven by the lower proportion of software development salaries and wages capitalized in the current period.

Financing Activity

Net cash used in financing activity during the nine months ended May 31, 2025 was nil (May 31, 2024 - $470,271). In the prior year, this cash was used to repurchase and retire 459,200 shares of common stock of the Company under the Normal Course Issuer Bid ("NCIB").

CRITICAL ACCOUNTING POLICIES AND SIGNIFICANT JUDGEMENTS AND ESTIMATES

Our management's discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally