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Consolidated Statements of Changes in Shareholders’ Equity - USD ($)
Share capital
Share subscriptions received
Convertible Promissory note (equity portion)
Contributed surplus
Accumulated other comprehensive income (loss)
Accumulated Deficit
Total
Balance at Dec. 31, 2021 $ 162,582,365 $ 12,662,103 $ 6,196,033 $ (32,351,988) $ 149,088,513
Balance (in Shares) at Dec. 31, 2021 98,902,678            
Private placement $ 23,057,411 23,057,411
Private placement (in Shares) 6,535,947            
Share issuance costs $ (2,146,218) 672,343 (1,473,875)
Shares issued for exercise of warrants $ 2,599,999 (147,772) 2,452,227
Shares issued for exercise of warrants (in Shares) 2,291,642            
Shares issued for exercise of stock options $ 3,905,580 (2,728,487) 1,177,093
Shares issued for exercise of stock options (in Shares) 1,016,436            
Stock option expense 5,744,656 5,744,656
Shares issued for services $ 611,113 611,113
Shares issued for services (in Shares) 193,348            
Share subscriptions received 51,558,624 51,558,624
Adjustment to investment in associate 15,675 15,675
Cumulative translation adjustment (665,809) (665,809)
Loss for the year (16,515,389) (16,515,389)
Balance at Dec. 31, 2022 $ 190,610,250 51,558,624 16,218,518 5,530,224 (48,867,377) 215,050,239
Balance (in Shares) at Dec. 31, 2022 108,940,051            
Public offering $ 25,561,689 25,561,689
Public offering (in Shares) 10,615,650            
Conversion of subscriptions to shares $ 51,737,788 (51,737,788)
Conversion of subscriptions to shares (in Shares) 23,277,000            
Share issuance costs $ (7,702,013) 1,415,057 (6,286,956)
Shares issued for exercise of warrants $ 16,995,629 (2,026,555) 14,969,074
Shares issued for exercise of warrants (in Shares) 6,034,478            
Shares issued for exercise of stock options $ 1,598,704 (1,041,239) 557,465
Shares issued for exercise of stock options (in Shares) 575,676            
Shares issued for ATM $ 49,444,256 49,444,256
Shares issued for ATM (in Shares) 15,690,943            
Stock option expense 4,538,747 4,538,747
Equity portion of convertible promissory note 3,813,266 3,813,266
Fair value of replacement options for Alta Mesa acquisition (Note 9) 81,414 81,414
Cumulative translation adjustment 179,164 2,414,123 2,593,287
Loss for the year (22,385,977) (22,385,977)
Balance at Dec. 31, 2023 $ 328,246,303 $ 3,813,266 $ 19,185,942 $ 7,944,347 $ (71,253,354) $ 287,936,504
Balance (in Shares) at Dec. 31, 2023 165,133,798