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Related Party Transactions and Balances (Tables) | 12 Months Ended
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Dec. 31, 2023
Related Party Transactions and Balances [Abstract] |
Schedule of Amounts Paid to Key Management | The amounts paid to key management or entities providing similar services are as follows:
|  |  |  |  | December 31, |  |  | December 31, |
|  |  |  |  | 2023 |  |  | 2022 |
|  |  |  |  | $ |  |  | $ |
Consulting |  |  | (1) |  |  |  | 154,529 |  |  |  | 103,514 |
Data acquisition |  |  |  |  |  |  | - |  |  |  | 55,150 |
Directors’ fees |  |  | (2) |  |  |  | 185,583 |  |  |  | 192,604 |
Staff costs |  |  |  |  |  |  | 5,956,285 |  |  |  | 1,607,211 |
Stock option expense |  |  |  |  |  |  | 3,586,512 |  |  |  | 4,729,503 |
Total key management compensation |  |  |  |  |  |  | 9,882,909 |  |  |  | 6,687,982 |
| (1) | During the year ended December 31, 2023, the Company incurred communications & community engagement consulting fees of $147,529 (December 31, 2022 - $103,514) according to a contract with Tintina Holdings, Ltd., a company owned and operated by the spouse of the Company’s Executive Chairman. The Company also incurred finance and accounting consulting fees of $7,000 (December 31, 2022 – nil) according to a contract with Hovan Ventures LLC, a company owned and operated by the former CFO for the Company.
| (2) | Directors’ Fees are included in staff costs on the consolidated statements of loss and comprehensive loss.
Schedule of Owing to Related Parties | As of December 31, 2023, and December 31, 2022, the following amounts were owing to related parties:
|  |  |  | December 31, |  |  | December 31, |
|  |  |  | 2023 |  |  | 2022 |
|  |  |  | $ |  |  | $ |
5 Spot Corp |  | Consulting services |  |  | 12,000 |  |  |  | 12,744 |
Hovan Ventures LLC |  | Consulting services |  |  | 7,000 |  |  |  | - |
Officers and Board members |  | Accrued compensation |  |  | 2,501,594 |  |  |  | 428,630 |
|  |  |  |  | 2,520,594 |  |  |  | 441,374 |

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