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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Taxes (Tables) [Line Items]  
Schedule of reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit)
     

2021

 

2020

Net loss before income taxes

 

$

(13,541,416

)

 

$

(1,258,290

)

Statutory income tax rate

 

 

12.2

%

 

 

12.2

%

   

 

 

 

 

 

 

 

Income tax recovery at statutory income tax rate

 

 

(1,652,053

)

 

 

(153,511

)

Non-deductible expenses

 

 

659

 

 

 

138,319

 

Stock-based compensation

 

 

172,566

 

 

 

 

Change in the fair value of option liability

 

 

392,143

 

 

 

 

Difference in current and deferred income tax rates

 

 

(789,824

)

 

 

 

Difference in Canadian and Foreign income tax rates

 

 

(440,371

)

 

 

 

Business combination

 

 

338,484

 

 

 

 

Other

 

 

(71,855

)

 

 

(929

)

Change in valuation allowance

 

 

1,922,367

 

 

 

14,517

 

   

 

 

 

 

 

 

 

   

$

(127,884

)

 

$

(1,604

)

   

 

 

 

 

 

 

 

Current tax (expense) recovery

 

$

575

 

 

$

(1,604

)

Deferred tax recovery

 

$

(128,459

)

 

$

 

   

 

 

 

 

 

 

 

Deferred Tax Assets (Liabilities)

 

 

 

 

 

 

 

 

Other

 

$

(8,969

)

 

$

22,249

 

Non-capital losses

 

 

1,986,440

 

 

 

32,855

 

Valuation allowance

 

 

(1,977,471

)

 

 

(55,104

)

   

$

 

 

$

 

Schedule of non-capital losses expire
       

2039

 

$

85,576

2041

 

 

3,120,785

No expiry

 

 

4,668,142

CF ACQUISITION CORP. VI [Member]  
Income Taxes (Tables) [Line Items]  
Schedule of income tax provision (benefit)
 

For the
Year Ended
December 31,
2021

 

For the
Period from April 17, 2020
(Inception)
through
December 31,
2020

Current

 

 

 

 

 

 

 

Federal

 

$

 

 

$

State

 

 

 

 

 

Deferred

 

 

 

 

 

 

 

Federal

 

 

(638,081

)

 

 

State

 

 

 

 

 

Change in valuation allowance

 

 

638,081

 

 

 

Income tax provision expense

 

$

 

 

$

Schedule of net deferred tax assets
 

December 31,

   

2021

 

2020

Deferred tax asset

 

 

 

 

 

 

 

Startup/Organizational Costs

 

$

566,509

 

 

$

Deferred Compensation

 

 

33,805

 

 

 

 

Net operating loss carryforwards

 

 

37,767

 

 

 

Total deferred tax assets

 

 

638,081

 

 

 

Valuation allowance

 

 

(638,081

)

 

 

Deferred tax asset, net of allowance

 

$

 

 

$

Schedule of reconciliation of the statutory federal income tax rate (benefit) to the Company’s effective tax rate (benefit)
 

For the
Year Ended
December 31,
2021

 

For the
Period from
April 17,
2020
(Inception)
through
December 31,
2020

Statutory Federal income tax rate

 

21.0

%

 

%

Change in fair value of warrant liability

 

(12.2

)%

 

 

Change in fair value of FPS liability

 

(5.2

)%

 

 

Change in valuation allowance

 

(3.6

)%

 

 

Income Taxes Benefit

 

0.0

%

 

0.0

%