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FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (Tables)
12 Months Ended
Dec. 31, 2021
Financial Instruments And Financial Risk Management  
SCHEDULE OF CHANGES IN FOREIGN EXCHANGE RATES

The following table summarizes the sensitivity of the fair value of the Company’s risk to foreign exchange rates, with all other variables held constant. Fluctuations of 10 percent in the foreign exchange rate between US dollars and Canadian dollars could have resulted in a change impacting net income upon consolidation as follows:

 

   December 31, 2021   December 31, 2020 
Foreign exchange rate  $150,715   $27,018 
SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS

SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS

December 31, 2021  Level 1   Level 2   Level 3   Total 
Equity securities in investee companies  $164,286   $126,780   $-   $291,066 
Notes receivable   -    1,154,176    -    1,154,176 
Derivative liability   -     -    5,560,002    5,560,002 
Total  $164,286   $1,280,956   $5,560,002   $7,005,244 

 

December 31, 2021  Level 1   Level 2   Level 3   Total 
Derivative liability   -    -    748,634    748,634 
Total  $-   $-   $748,634   $748,634 
SCHEDULE OF BREAKDOWN CAPITAL

The breakdown of the Company’s capital is as follows:

 

   December 31, 2021   December 31, 2020 
Cash  $23,075,713   $1,982,416 
Debt   93,317    97,916 
Equity  $34,926,239   $3,848,205