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Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current      
Cash and cash equivalents $ 37,143,759 $ 3,019,069 $ 9,229,845
Short-term investments (Note 2) 16,672,811
Accounts receivable (Notes 3) 7,257 62,842
Prepaids and other current assets (Note 4) 1,658,207 150,676 275,507
Total current assets 55,482,034 3,169,745 9,568,194
Long term deposit (Note 15) 107,890
Property and equipment (Note 6) 12,757,682 4,623,228 5,070,507
Patents and licenses (Note 7) 606,708 502,055 510,705
Right of use asset (Note 8) 698,135 482,389 241,047
Total assets 69,652,449 8,777,417 15,390,453
Current      
Accounts payable and accrued liabilities (Note 9) 5,970,537 2,301,457 3,362,430
Convertible debt (Note 5) 6,500,000
Lease liability (Note 8) 115,793 204,939 150,951
Derivative warrant liability (Note 10 and 11(b)) 35,750,607 1,002,264
Contract liabilities (Note 3) 274,192
Covid-19 government support loans (Note 23) 30,200 29,520
Total current liabilities 48,336,937 3,538,860 3,817,093
Non-current lease liability (Note 8) 626,625 307,141 128,312
Total liabilities 48,963,562 3,846,001 3,945,405
Shareholders’ Equity      
Share capital (Note 11(b)) 223,742,335 165,705,423 151,206,539
Warrants and compensation options (Note 12) 11,157,738 670,115 5,905,642
Contributed surplus (Note 13) 58,724,750 55,447,961 51,016,808
Accumulated other comprehensive loss (1,949,088) (2,601,058) (2,660,281)
Deficit (270,986,848) (214,291,025) (194,023,660)
Total shareholders’ equity 20,688,887 4,931,416 11,445,048
Total shareholders’ equity and liabilities $ 69,652,449 $ 8,777,417 $ 15,390,453