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LOANS PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2023
SCHEDULE OF LOANS PAYABLE

 

As at  June 30, 2023   December 31, 2022 
Opening balance  $86,571   $93,317 
Fair value adjustment   -    (4,891)
Repayment of loans payable   (3,373)   (6,746)
Accretion expense   2,573    4,891 
Ending balance  $85,771   $86,571 

 

Which consists of:

   June 30, 2023   December 31, 2022 
Current loans payable  $84,085   $81,512 
Non-current loans payable   1,686    5,059 
Ending balance  $85,771   $86,571 
SCHEDULE OF LOANS

 

                   
   Start Date  Maturity Date  Rate   Carrying Value June 30, 2023   Carrying Value December 31, 2022 
CEBA  2020-05-19  2023-12-31   0%  $38,669   $37,383 
CEBA  2021-04-23  2023-12-31   0%   38,669    37,383 
Vehicle loan  2019-08-30  2024-09-11   6.99%   8,433    11,805 
Total             $85,771   $86,571