XML 151 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Stockholders’ Deficiency (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Stockholders’ Deficiency [Abstract]

Schedule of Activity for the Warrants

The schedule of activity for the warrants is as follows:

		Number of Warrants			Weighted Average Exercise Price (as converted)			Remaining Contractual Term (Years)
Balance, December 31, 2022		15,981,290			$	1.15		0.84
Issued		40,668,011				0.30		—
Expired		(12,919,507	)			1.36		—
Balance, December 31, 2023		43,729,794			$	0.31		3.43
Issued		18,003,092				0.31		—
Exercised		(400,000	)			0.40
Balance, June 30, 2024		61,332,886			$	0.30		2.50

The schedule of activity for the warrants is as follows:

		Number of Warrants			Weighted Average Exercise Price (as converted)			Remaining Contractual Term (Years)
Balance, December 31, 2021		15,981,290			$	1.15		1.84
Balance, December 31, 2022		15,981,290				1.15		0.84
Issued		40,668,011				0.30		—
Expired		(12,919,507	)			1.36		—
Balance, December 31, 2023		43,729,794			$	0.31		3.43

Schedule of Warrants Outstanding and Exercisable

A summary of the warrants outstanding and exercisable as of June 30, 2024, is as follows:

Warrants Outstanding		Exercise Price				Expiry Date
2,661,783		$	0.40			August 30, 2024
3,329,828		$	0.31			August 31, 2026
876,595		$	0.31			October 16, 2026
2,524,993		$	0.31			November 8, 2026
9,864,305		$	0.31			December 22, 2026
18,003,092		$	0.31			January 19, 2027
14,640,221		$	0.289			February 16, 2028
2,155,000		$	0.28 (CAD$0.39	)		February 16, 2028
719,904		$	0.28 (CAD$0.39	)		March 15, 2028
6,557,165		$	0.283			March 15, 2028
61,332,886

A summary of the warrants with USD exercise prices outstanding and exercisable as of August 31, 2023, upon the change in functional currency was as follows:

Warrants Outstanding		Exercise Price			Expiry Date
3,061,783		$	0.40		August 30, 2024
3,057,025		$	0.31		August 31, 2026
6,118,808

A summary of warrants not issued for services with CAD exercise prices outstanding and exercisable as of June 30, 2024, is as follows:

Warrants Outstanding		Exercise Price				Expiry Date
2,155,000		$	0.28 (CAD$0.39	)		February 16, 2028
395,262		$	0.28 (CAD$0.39	)		March 15, 2028
2,550,262

A summary of the warrants outstanding and exercisable as of December 31, 2023, is as follows:

Warrants Outstanding		Exercise Price			Expiry Date
3,061,783		$	0.40		August 30, 2024
3,329,828		$	0.31		August 31, 2026
876,595		$	0.31		October 16, 2026
2,524,993		$	0.31		November 8, 2026
9,864,305		$	0.31		December 22, 2026
11,317,750		$	0.283		February 16, 2028
5,477,471		$	0.29 (CAD$0.39)		February 16, 2028
6,817,483		$	0.29 (CAD$0.39)		March 15, 2028
459,586		$	0.289		March 15, 2028
43,729,794

A summary of the warrants with USD exercise prices outstanding and exercisable as of August 31, 2023, upon the change in functional currency was as follows:

Warrants Outstanding		Exercise Price			Expiry Date
3,061,783		$	0.40		August 30, 2024
3,057,025		$	0.31		August 31, 2026
6,118,808

A summary of warrants not issued for services with CAD exercise prices outstanding and exercisable as of December 31, 2023, is as follows:

Warrants Outstanding		Exercise Price			Expiry Date
5,477,471		$	0.29 (CAD$0.39)		February 16, 2028
6,492,841		$	0.29 (CAD$0.39)		March 15, 2028
11,970,312

Schedule of Derivative Liability

The derivative liability of the Company on that date was $351,969, which upon reclassification, was charged to equity as an increase in reserves of $351,969.

Balance as of December 31, 2022		$	205,989
Revaluation of derivative liability			145,980
Reclassification of derivative liability per change in functional currency			(351,969	)
Balance as of December 31, 2023		$	—

Balance as of December 31, 2022		$	—
Reclassification of derivative liability per change in functional currency			4,541,545
Revaluation of derivative liability			3,939,304
Reclassification of derivative liability per change in exercise price			(4,025,102	)
Balance as of December 31, 2023		$	4,455,747
Revaluation of derivative liability			432,933
Reclassification of derivative liability per change in exercise price			(3,942,575	)
Balance as of June 30, 2024		$	946,105

The derivative liability of the Company on that date was $351,969, which upon reclassification, was charged to equity as an increase in reserves of $351,969.

Balance as of December 31, 2021		$	2,048,127
Revaluation of derivative liability			(1,842,138	)
Balance as of December 31, 2022			205,989
Revaluation of derivative liability			145,980
Reclassification of derivative liability per change in functional currency			(351,969	)
Balance as of December 31, 2023		$	—

As of December 31, 2023, the Company revalued the derivative liability to $4,455,747 and recorded a loss on revaluation of $3,939,304.

Balance as of December 31, 2021 and 2022		$	—
Reclassification of derivative liability per change in functional currency			4,541,545
Revaluation of derivative liability			3,939,304
Reclassification of derivative liability per change in exercise price			(4,025,102	)
Balance as of December 31, 2023		$	4,455,747

Schedule of Weighted Average Assumptions were used in the Black-Scholes Option-Pricing Model

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the re-valuations for the warrants priced in USD as of August 31, 2023:

		August 31, 2023
Risk-free interest rate			5.14	%
Dividend yield			—
Expected life (in years)			1.00
Volatility			131	%
Weighted average fair value per warrant		$	0.16

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the re-valuations following the change in functional currency to USD as of June 30, 2024, and December 31, 2023:

		June 30, 2024				December 31, 2023
Risk-free interest rate			3.53	%			3.38	%
Dividend yield			—				—
Expected life (in years)			3.64				4.15
Volatility			86	%			87	%
Weighted average fair value per warrant		$	0.37			$	0.37

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the valuation of the Common Share options issued:

		June 30, 2024		December 31, 2023
Risk-free interest rate		—			3.12	%
Expected life (in years)		—			10
Volatility		—			103	%
Weighted average fair value per option		—		$	0.13

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the re-valuations for the warrants priced in USD as of August 31, 2023, and December 31, 2022:

		August 31, 2023				December 31, 2022
Risk-free interest rate			5.14	%			4.03	%
Dividend yield			—				—
Expected life (in years)			1.00				1.65
Volatility			131	%			93	%
Weighted average fair value per warrant		$	0.16			$	0.07

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the initial valuation and re-valuations following the change in functional currency to USD, as at and December 31, 2023 and August 31, 2023:

		December 31, 2023				August 31, 2023
Risk-free interest rate			3.38	%			6.31	%
Dividend yield			—				—
Expected life (in years)			4.15				3.22
Volatility			87	%			110	%
Weighted average fair value per warrant		$	0.37			$	0.14

The following weighted average assumptions were used in the Black-Scholes option-pricing model for the valuation of the Common Share options issued:

		December 31, 2023				December 31, 2022
Risk-free interest rate			3.12	%			2.62	%
Expected life (in years)			10				10
Volatility			103	%			84	%
Weighted average fair value per option		$	0.13			$	0.56

Schedule of Share-Based Compensation Expense

The following table summarizes the total amount of share-based compensation expense related to service conditions for Common Share options during the three and six months ended June 30, 2024, and 2023:

		For the three months ended						For the six months ended
		June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Research and development		$	65,694		$	177,735		$	153,541		$	248,743
General and administrative			193,629			601,314			453,867			769,369
Total share-based compensation		$	259,323		$	779,049		$	607,408		$	1,018,112

The following table summarizes the total amount of share-based compensation expense related to performance conditions for ACI Canada legacy performance options during the three and six months ended June 30, 2024, and 2023:

		For the three months ended						For the six months ended
		June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2023
Research and development		$	116,004		$	—		$	116,004		$	—
General and administrative			—			184,244			—			184,244
Total share-based compensation		$	116,004		$	184,244		$	116,004		$	184,244

The following table summarizes the total amount of share-based compensation expense related to service conditions for Common Share options during the years ended December 31, 2023 and 2022:

		For the Years Ended
		December 31, 2023			December 31, 2022
Research and development		$	540,076		$	519,140
General and administrative			1,645,265			1,148,580
Total share-based compensation		$	2,185,341		$	1,667,720

The following table summarizes total amount of share-based compensation expense related to performance conditions for the ACI Canada legacy performance options during the years ended December 31, 2023 and 2022:

		For the Years Ended
		December 31, 2023			December 31, 2022
Research and development		$	184,244		$	109,551
General and administrative			—			—
Total share-based compensation		$	184,244		$	109,551

Schedule of Common Share Option Activity

Common share option activity is as follows:

		Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value(1)
Balance, December 31, 2022		5,506,071				0.61		8.47			—
Granted		16,190,000				0.16		—
Expired		(772,763	)			0.68		—
Exercised(2)		(251,101	)			0.17		—
Balance, December 31, 2023		20,672,207			$	0.18		9.07		$	9,975,524
Exercised(3)		(272,840	)			0.19		—
Balance, June 30, 2024		20,399,367			$	0.17		8.58		$	6,939,458
Options exercisable, June 30, 2024		11,612,953			$	0.18		8.35		$	3,874,616

(1)      The aggregate intrinsic values were calculated as the difference between the exercise price of the options and the closing price of the Company’s common share. The calculation excludes options with an exercise price higher than the closing price of the Company’s share on the reporting date.

(2)      In accordance with the Company’s 2023 Option Plan, option holders exercised 251,101 Common Share options on a cashless basis (net exercise) for the issuance of 165,000 Common Shares.

(3)      In accordance with the Company’s 2023 Option Plan, option holders exercised 272,840 Common Share options on a cashless basis (net exercise) for the issuance of 192,500 Common Shares.

The following table summarizes ACI Canada legacy performance option activity for the Company:

		Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value(1)
Balance, December 31, 2022		9,521,057				0.01		5.91			4,609,723
Exercised		(2,700,000	)			0.01		—
Balance, December 31, 2023		6,821,057			$	0.01		4.51		$	4,441,787
Exercised		(180,000	)			0.01		—
Balance, June 30, 2024		6,641,057				0.01		3.98			3,338,059
Options exercisable, June 30, 2024		6,454,015			$	0.01		3.96		$	3,244,272

(1)      The aggregate intrinsic values were calculated as the difference between the exercise price of the options and the closing price of the Company’s common share. The calculation excludes options with an exercise price higher than the closing price of the Company’s shares on the reporting date

Common share option activity is as follows:

		Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value(1)
Balance, December 31, 2021		5,297,597			$	0.81		9.22		$	1,472,041
Granted		1,170,000				0.61		—
Expired		(895,007	)			0.97		—
Exercised		(66,519	)			0.53		—
Balance, December 31, 2022		5,506,071				0.61		8.47			—
Granted		16,190,000				0.16		—
Expired		(772,763	)			0.68		—
Exercised(2)		(251,101	)			0.17		—
Balance, December 31, 2023		20,672,207			$	0.18		9.07		$	9,975,524
Options exercisable, December 31, 2023		8,050,870			$	0.18		9.07		$	3,815,397

(1)      The aggregate intrinsic values were calculated as the difference between the exercise price of the options and the closing price of the Company’s common share on December 31, 2023, and 2022. The calculation excludes options with an exercise price higher than the closing price of the Company’s share on December 31, 2023 and 2022.

(2)      In accordance with the Company’s 2023 Option Plan, option holders exercised 251,101 Common Share options on a cashless basis (net exercise) for the issuance of 165,000 Common Shares.

The following table summarizes ACI Canada legacy performance option activity for the Company:

		Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value(1)
Balance, December 31, 2021		9,941,057			$	0.01		6.68		$	10,645,031
Cancelled		(70,000	)			0.01		—
Exercised		(350,000	)			0.01		—			—
Balance, December 31, 2022		9,521,057				0.01		5.91			4,609,723
Exercised		(2,700,000	)			0.01		—
Balance, December 31, 2023		6,821,057			$	0.01		4.51		$	4,441,787
Options exercisable, December 31, 2023		6,401,057			$	0.01		4.47		$	4,168,787

(1)      The aggregate intrinsic values were calculated as the difference between the exercise price of the options and the closing price of the Company’s common share on December 31, 2023 and 2022. The calculation excludes options with an exercise price higher than the closing price of the Company’s share on December 31, 2023, and 2022.

Schedule of Common Share Options Outstanding

A summary of the Common Share options outstanding at June 30, 2024, is as follows:

Options Outstanding		Options Exercisable		Exercise Price				Expiry Date
39,154		39,154		$	0.40			June 1, 2029
39,154		39,154		$	0.40			July 22, 2030
2,600,000		2,455,555		$	0.21 (CAD$0.28	)		August 3, 2031
940,000		940,000		$	0.21 (CAD$0.28	)		December 20, 2031
215,000		215,000		$	0.21 (CAD$0.28	)		February 14, 2032
257,500		126,250		$	0.21 (CAD$0.28	)		April 11, 2032
450,000		413,192		$	0.21 (CAD$0.28	)		May 31, 2032
15,858,559		7,447,354		$	0.16 (CAD$0.22	)		June 8, 2033
20,399,367		11,612,953

Schedule of Canada Legacy Performance Options Outstanding

A summary of the ACI Canada legacy performance options outstanding at June 30, 2024, is as follows:

Options Outstanding		Options Exercisable		Exercise Price			Expiry Date
900,000		900,000		$	0.001		February 1, 2026
691,057		691,057		$	0.01		December 31, 2027
3,050,000		3,023,903		$	0.01		September 1, 2028
2,000,000		1,839,055		$	0.01		June 1, 2029
6,641,057		6,454,015

X

- Definition

Tabular disclosure of activity for the warrants.

+ References

No definition available.

+ Details

Name:	acog_ScheduleOfActivityForTheWarrantsTableTextBlock
Namespace Prefix:	acog_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of Canada Legacy Performance Options Outstanding.

+ References

No definition available.

+ Details

Name:	acog_ScheduleOfCanadaLegacyPerformanceOptionsOutstandingTableTextBlock
Namespace Prefix:	acog_
Data Type:	dtr:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative liabilities at fair value.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration