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RISK MANAGEMENT (Tables)
 9 Months Ended
Sep. 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 
                
September 30, 2023               
Financial assets   2,295,217    2,070,323    46,041,682 
Financial liabilities   (358,713)   (2,285,426)   (4,681,513)
Total exposure   1,936,504    (215,103)   41,360,170 

 

  

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 
September 30, 2023   96,825    (10,755)   86,070    2,068,008 
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 
September 30, 2023   (96,825)   10,755    (86,070)   (2,068,008)
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 September 30, 2023:

 

  

Less than

1 year

   1 - 2 years   2 - 5 years  

 

 

Total

 
Trade payables and accrued liabilities   3,148,177    -    -    3,148,177 
Vehicle financing   16,147    64,590    84,282    165,019 
Term loan   -    -    12,856,979    12,856,979 
Lease liability   1,892,504         -    1,892,504 
Total   5,056,828    64,590    12,941,261    18,062,679 
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.

 

   September 30,
2023		   December 31,
2022		 
Shareholder’s equity   39,555,251    27,188,344 
Current liabilities   5,040,681    12,462,372 
Total liabilities and equity   44,595,932    39,650,716 
Cash   (8,853,296)   (5,162,991)
Total   35,742,636    34,487,725