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RISK MANAGEMENT (Tables)
 6 Months Ended
Jun. 30, 2023
Risk Management  
SCHEDULE OF FOREIGN CURRENCY FINANCIAL ASSETS AND LIABILITIES

Foreign currency denominated financial assets and liabilities which expose the Company to currency risk are disclosed below. The amount shown are those reported and translated into CAD at the closing rate.

 

   Short -term exposure   Long-term exposure 
   USD   BWP   BWP 
             
June 30, 2023               
Financial assets   1,525,819    624,207    38,712,709 
Financial liabilities   (965,233)   (3,155,431)   (4,213,093)
Total exposure   560,586    (2,531,224)   34,499,616 

 

   Short -term exposure   Long-term exposure 
   USD   BWP   BWP 
             
December 31, 2022               
Financial assets   2,834,303    473,980    32,058,793 
Financial liabilities   (1,246,825)   (2,176,110)   (1,530,341)
Total exposure   1,587,478    (1,702,130)   30,528,452 
SCHEDULE OF CHANGES IN EXCHANGE RATES

If the CAD strengthened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact:

 

   Profit for the year      

Long-term exposure

profit for the year

 
   USD   BWP   Total   BWP 
June 30, 2023   28,029    (126,561)   (98,532)   1,724,981 
December 31, 2022   79,374    (85,106)   (5,732)   1,526,423 

 

If the CAD weakened against the USD and BWP by 5%, respectively (December 31, 2022 – 5 %), it would have had the following impact:

 

   Profit for the year      

Long-term exposure

profit for the year

 
   USD   BWP   Total   BWP 
June 30, 2023   (28,029)   126,561    98,532    (1,724,981)
December 31, 2022   (79,374)   85,106    5,732    (1,526,423)
SCHEDULE OF CONTRACTUAL OBLIGATIONS

The following table shows the Company’s contractual obligations as at June 30, 2023:

 

  

Less than

1 year

   1 - 2 years   2 - 5 years  

 

Total

 
Trade payables and accrued liabilities   3,394,649    -    -    3,394,649 
Vehicle financing   21,624    43,249    64,873    129,746 
Term loan   -    -    12,735,951    12,735,951 
Lease liability   1,270,218    1,270,218    -    2,540,436 
Total   4,686,491    1,313,467    12,800,824    18,800,782 
SCHEDULE OF COMPONENTS OF EQUITY DEFICIENCY, LOANS AND BORROWING, OTHER CURRENT LIABILITIES, NET OF CASH

In the management of capital, the Company includes the components of equity, loans and borrowings, and other current liabilities, net of cash.

 

   June 30, 2023   December 31, 2022 
Shareholder’s equity   43,144,784    27,188,344 
Current liabilities   4,664,867    12,462,372 
Total liabilities and equity   47,809,651    39,650,716 
Cash   (21,607,892)   (5,162,991)
Total    26,201,759    34,487,725