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INVESTMENTS
 12 Months Ended
Dec. 31, 2023
Schedule Of Investments  
INVESTMENTS

9. INVESTMENTS

 

Balance at December 30, 2021   291,066 
Change in fair value   (98,483)
Balance at December 31, 2022   192,583 
Change in fair value   (3,180)
Balance at December 31, 2023  $189,403 

 

Fair value of investments is comprised of:

 

Public company shares  $57,143 
Private company shares   132,260 
Balance at December 31, 2023  $189,403 
      
Public company shares  $57,143 
Private company shares   135,440 
Balance at December 31, 2022  $192,583 

 

The Company holds 1,428,571 common shares (2022 – 1,428,571) and nil (2022 – 1,428,571) warrants of Windfall Geotek Inc. a publicly traded company. At December 31, 2023 the fair value of the shares was based on the quoted price of $0.04 (2022 - $0.04). As of the issue date of these consolidated financial statements the quoted price of the shares was $0.03. The warrants expired on March 17, 2023. The fair values of the warrants as of December 31, 2022 were estimated using the Black-Scholes Option Pricing Model with the following assumptions:

   December 31, 2022 
Risk free interest rate   4.07%
Expected volatility   116.00%
Expected life   0.21 years 
Expected dividend yield   0%

 

On October 27, 2021, the Company purchased 50,000 common shares of a private company for USD$100,000. In determining the fair value of the investment (classified at level 3 in the fair value hierarchy), the Company considers if observable market data exists on a quarterly basis to value the investment. Since inception, the Company has not had any adjustments to the fair value of the investment based on observable market data.

 

 

Draganfly Inc.

Notes to the Consolidated Financial Statements

For the Year Ended December 31, 2023

Expressed in Canadian Dollars