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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net loss $ (56,695,823) $ (20,267,365) $ (21,036,690)
Adjustments for:      
Depreciation of property and equipment (Note 6) 1,713,686 1,653,798 1,054,264
Amortization of patents and licenses (Note 7) 92,344 87,761 80,246
Amortization of right of use asset (Note 8) 214,165 180,602 158,648
Fair value adjustment to derivative warrant liability (Note 10) 20,631,082 24,865
Non-cash interest (Notes 8) 90,041 53,614 49,738
Stock-based compensation (Note 13) 5,469,369 4,201,444 4,436,604
Non-cash operating costs (18,766) 40,029
Loss on acquisition of 24.8% of SPX 6,852,687
Gain on contribution of intellectual property to joint venture (Note 5) (1,031,807) (1,746,987)
Share of loss in joint venture (Note 5) 1,031,807 3,211,993
Forgiveness of covid-19 government support loans (Note 23) (7,298)
Total adjustments to reconcile profit (loss) (21,658,513) (14,065,281) (13,752,155)
Net change in non-cash working capital accounts:      
Accounts receivable (7,257) 62,000 (61,099)
Prepaid and other current assets (1,659,615) 126,936 (356,199)
Accounts payable and accrued liabilities 34,074 (1,256,925) 1,596,690
Contract liabilities (274,192) 246,853
Cash flows from operating activities (23,291,311) (15,407,462) (12,325,910)
INVESTING ACTIVITIES      
Maturity (purchase) of short-term investments (Note 2) (16,672,811) 6,366,828
Purchase of property and equipment (Note 6) (6,781,715) (1,167,953) (3,011,562)
Purchase of patents and licenses (Note 7) (196,997) (79,111) (62,475)
Long term deposit (Note 15) (107,890)
Cash received on acquisition of remaining portion of SPX (Note 5) 97,833
Cash flows from investing activities (23,661,580) (1,247,064) 3,292,791
FINANCING ACTIVITIES      
Issue of common shares for cash, net of issue costs (Note 11) 82,176,180 10,447,603 3,639,722
Payment of lease liability (Note 8) (255,953) (252,103) (204,518)
Repayment of covid-19 government support loans (Note 23) (21,894)
Cash flows from financing activities 81,898,333 10,195,500 3,435,204
Effect of exchange rate on cash (820,752) 248,250 (114,015)
Net change in cash and cash equivalents 34,124,690 (6,210,776) (5,711,930)
Cash and cash equivalents, beginning of year 3,019,069 9,229,845 14,941,775
Cash and cash equivalents, end of year 37,143,759 3,019,069 9,229,845
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES      
Purchase of property and equipment financed through accounts payable $ 3,399,498