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SHARE BASED PAYMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [abstract] |
SCHEDULE OF SHARE OPTIONS ACTIVITY | The number and weighted average exercise prices of share options are as follows: SCHEDULE OF SHARE OPTIONS ACTIVITY
|  | December 31, 2023 |  |  | December 31, 2022 |
|  |  | Number of options |  |  |  | Weighted average exercise price |  |  |  | Number of options |  |  |  | Weighted average exercise price |
Outstanding at January 1 |  |  | 776,000 |  |  | $ | 1.67 |  |  |  | 143,500 |  |  | $ | 4.50 |
Granted |  |  | 281,800 |  |  |  | 5.45 |  |  |  | 634,500 |  |  |  | 0.93 |
Expired/cancelled |  |  | (108,500 | ) |  |  | 5.62 |  |  |  | (2,000 | ) |  |  | 3.75 |
Exercised |  |  | (9,666 | ) |  |  | 0.80 |  |  |  |  |  |  |  |  |
Outstanding at December 31 |  |  | 939,634 |  |  | $ | 2.36 |  |  |  | 776,000 |  |  | $ | 1.67 |
Exercisable at December 31 |  |  | 540,268 |  |  | $ | 1.84 |  |  |  | 352,999 |  |  | $ | 2.56 |
SCHEDULE OF EXERCISE PRICES OF OUTSTANDING STOCK OPTIONS | The range of exercise prices of the outstanding stock options for December 31, 2023 is as follows: SCHEDULE OF EXERCISE PRICES OF OUTSTANDING STOCK OPTIONS
Range of exercise prices |  |  | Number of outstanding stock options |  |  | Weighted average exercise price |  |  | Weighted average contractual life ( years) |
$ | 5.00 to $6.04 |  |  |  | 281,800 |  |  |  | 5.45 |  |  |  | 4.4 |
$ | 1.80 to $4.90 |  |  |  | 108,000 |  |  |  | 2.23 |  |  |  | 2.4 |
$ | 0.80 to $1.80 |  |  |  | 549,834 |  |  |  | 0.80 |  |  |  | 3.0 |
|  |  |  |  | 939,634 |  |  | $ | 2.36 |  |  |  | 3.3 |
Kolibri Global Energy Inc. Notes to Consolidated Financial Statements For the Years Ended December 31, 2023 and 2022 (Audited, expressed in thousands of United States dollars) The range of exercise prices of the outstanding stock options for December 31, 2022 is as follows:
Range of exercise prices |  |  | Number of outstanding stock options |  |  | Weighted average exercise price |  |  | Weighted average contractual life ( years) |
$ | 5.00 to $6.00 |  |  |  | 97,000 |  |  |  | 5.70 |  |  |  | 0.3 |
$ | 1.80 to $4.90 |  |  |  | 119,500 |  |  |  | 2.49 |  |  |  | 3.1 |
$ | 0.80 to $1.80 |  |  |  | 559,500 |  |  |  | 0.80 |  |  |  | 4.0 |
|  |  |  |  | 776,000 |  |  | $ | 1.67 |  |  |  | 3.4 |
SCHEDULE OF FAIR VALUE OF STOCK OPTIONS | The fair value of the stock options was estimated using Black Scholes model with the following weighted average inputs: SCHEDULE OF FAIR VALUE OF STOCK OPTIONS
|  | 2023 |  |  | 2022 |
Fair value at grant date (per option) |  | $ | 5.09 |  |  |  | 0.70 |
Volatility (%) |  |  | 105.49 |  |  |  | 149.68 |
Forfeiture rate (%) |  |  | 5 | % |  |  | 5 | %
Option life (years) |  |  | 8.67 |  |  |  | 5 |
Risk-free interest rate (%) |  |  | 3.19 |  |  |  | 1.56 |
SCHEDULE OF STOCK BASED COMPENSATION | Stock based compensation was recorded as follows: SCHEDULE OF STOCK BASED COMPENSATION
|  | 2023 |  |  | 2022 |
|  | December 31 |
|  | 2023 |  |  | 2022 |
Expensed |  | $ | 790 |  |  | $ | 277 |
Capitalized |  | $ | 140 |  |  | $ | 29 |
Stock based compensation |  | $ | 140 |  |  | $ | 29 |

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- Definition Additional information about share-based payment arrangements necessary to satisfy the disclosure requirements of IFRS 2. [Refer: Share-based payment arrangements [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 52 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_52&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 45 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_b&doctype=Standard -URIDate 2023-03-23 + Details
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