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RISK MANAGEMENT (Tables)
 9 Months Ended
Sep. 30, 2024
Risks and Uncertainties [Abstract]  
SCHEDULE OF RISK MANAGEMENT

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

 

   Short-term exposure   Long-term exposure 
  

USD

$

  

BWP

$

  

BWP

$

 
             
September 30, 2024               
Financial assets   1,746,290    1,495,375    70,525,700 
Financial liabilities   (1,637,329)   (2,190,746)   (1,240,006)
Total exposure   108,961    (695,371)   69,285,694 

 

   Short-term exposure   Long-term exposure 
  

USD

$

  

BWP

$

  

BWP

$

 
             
December 31, 2023               
Financial assets   2,576,180    755,386    54,082,922 
Financial liabilities   (501,458)   (4,851,201)   (3,508,714)
Total exposure   2,074,722    (4,095,815)   50,574,208 
SENSITIVITY ANALYSIS FOR EFFECT OF FOREIGN CURRENCY CHANGES

If the CAD strengthened against the USD and BWP by 5%, it would have had the following impact:

 

  

Short-term exposure

   Long-term exposure 
  

USD

$

  

BWP

$

  

Total

$

  

BWP

$

 
September 30, 2024   5,448    (34,769)   (29,321)   3,464,285 
December 31, 2023   103,736    (204,791)   (101,055)   2,528,710 

 

 

 

Notes to the Unaudited Condensed Interim Consolidated Financial Statements

For the three and nine months ended September 30, 2024 and 2023

(Expressed in Canadian dollars)

 

If the CAD weakened against the USD and BWP by 5%, respectively, it would have had the following impact:

 

   Short-term exposure   Long-term exposure 
  

USD

$

  

BWP

$

  

Total

$

  

BWP

$

 
September 30, 2024   (5,448)   34,769    29,321    (3,464,285)
December 31, 2023   (103,736)   204,791    101,055    (2,528,710)
SCHEDULE OF CONTRACTUAL OBLIGATIONS

The following table shows the Company’s contractual obligations as at September 30, 2024:

 

  

Less than

1 year

$

  

1 - 2 years

$

  

2 - 5 years

$

  

Total

$

 
Trade payables and accrued liabilities   4,904,635    -    -    4,904,635 
Vehicle financing   34,232    136,929    109,309    280,470 
Term Loan   2,088,235    22,448,529    -    24,536,764 
Lease liabilities   675,181    -    -    675,181 
    7,702,283    22,585,458    109,309    30,397,050 
SCHEDULE OF CAPITAL RISK MANAGEMENT

SCHEDULE OF CAPITAL RISK MANAGEMENT

  

September 30, 2024

$

  

December 31, 2023

$

 
Shareholder’s equity   7,718,897    9,745,686 
Vehicle financing   280,470    236,124 
Lease liabilities   675,181    1,611,143 
Term Loan   18,710,277    17,956,423 
Capital Gross Amount   27,384,825    29,549,376 
Cash and cash equivalents   (17,358,377)   (19,245,628)
Capital Net of Cash   10,026,448    10,303,748