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Warrants (Tables) | 6 Months Ended
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Jun. 30, 2023
Warrants [Abstract] |
Schedule of Assumptions Used in Determining the Fair Value of the Warrants | The assumptions used in determining the fair value of the warrants were as follows:
|  | June 30, 2023 |
Expected term in years |  |  | 5 years |
Risk-free interest rate |  |  | 0.381 | %
Annual expected volatility |  |  | 125.0 | %
Dividend yield |  |  | 0.00 | %
Schedule of Activity Related to the Warrants | Activity related to the warrants for the six months ended June 30, 2023 is as follows:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life in Years |  |  | Aggregate Intrinsic Value |
Outstanding, December 31, 2022 |  |  | 105,350 |  |  | $ | 1.00 |  |  |  |  |  |  |  |  |
Granted during six months ended June 30, 2023 |  |  | 105,000 |  |  | $ | 5.00 |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2023 |  |  | 210,350 |  |  | $ | 3.00 |  |  |  |  |  |  |  |  |
Exercisable, end of period |  |  | 210,350 |  |  | $ | 3.00 |  |  |  | 4.4 |  |  | $ | 0 |

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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_a&doctype=Standard -URIDate 2023-03-23 + Details
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- Definition The disclosure of the number and weighted average remaining contractual life of outstanding share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 45 -Subparagraph d -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_d&doctype=Standard -URIDate 2023-03-23 + Details
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