Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 26 May 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- disbursementsnote: Document lists disbursement components only (Project costs ~$4,178,367; payroll ~$2,095,000; KERP ~$117,000; technology subscriptions ~$256,000; HST remittances ~$143,000; professional fees ~$1,099,000; other ~$130,000) without stating a total. · since: December 11, 2025 (Filing Date) · currency: CAD
- operational summaryThe Receiver has stabilized SmartONE's operations, prioritizing completion of Bell Escalated Projects and servicing of In-Service Buildings, while pausing work on Non-Escalated Projects due to funding constraints, and is now pursuing a formal sale process for the business as a going concern.
- professional feesnote: Approximate figure stated as part of disbursements for the R&D Period. · party: Receiver and its legal counsel · amount: 1099000 · period: December 11, 2025 to May 8, 2026 · currency: CAD
- receipts cumulativenote: Approximate collective receipts for the R&D Period (December 11, 2025 to May 8, 2026). · since: December 11, 2025 (Filing Date) · amount: 10800000 · currency: CAD
- report date21 May 2026
- report noFirst Report