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SHARE CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
SCHEDULE OF INFORMATION ABOUT CLASSES OF SHARE CAPITAL

 

   December 31, 2023   December 31, 2022 
   Number   Number 
   of shares   of shares 
Authorized:          
Preferred shares, no par value   50,000,000    50,000,000 
Class A Ordinary shares, no par value   200,000,000    200,000,000 
Class B Ordinary shares, no par value   50,000,000    50,000,000 

 

   December 31, 2023   December 31, 2022 
   Number   Number 
   of shares   of shares 
Issued:   3,251,917    805,785 
Outstanding and fully paid:          
Ordinary shares, no par value          
At January 1   805,785    597,610 
Issuance of new shares for equity financing   1,062,472    166,667 
Note conversion into shares   70,867    — 
Equity compensation   1,312,793    41,508 
At December 31   3,251,917    805,785 
SCHEDULE OF PRINCIPAL ASSUMPTIONS USED IN VALUATION

  

Grant date (investors and placement agent, respectively)  February 17, 2021 
Share price at date of grant (investors and placement agent, respectively)  US$ 4.45 
Exercise price at date of grant (investors and placement agent, respectively)  US$ 3.57 & 4.46 
Volatility    107%
Warrant life    5 years 
Dividend yield    0%
Risk-free interest rate    0.57%
Average fair value at grant date  US$ 3.54 
 
Grant date (investors and placement agent, respectively)  June 14, 2021 
Share price at date of grant (investors and placement agent, respectively)  US$ 3.15 
Exercise price at date of grant (investors and placement agent, respectively)  US$ 3.42 & 4.35 
Volatility    115%
Warrant life    5 years 
Dividend yield    0%
Risk-free interest rate    0.80%
Average fair value at grant date  US$ 2.50 
  
Grant date (investors and placement agent, respectively)  October 4, 2022 
Share price at date of grant (investors and placement agent, respectively)  US$ 0.58 
Exercise price at date of grant (investors and placement agent, respectively)  US$ 0.82 & 0.75 
Volatility    104%
Warrant life    5 years 
Dividend yield    0%
Risk-free interest rate    3.96%
Average fair value at grant date  US$ 0.43 
 
SCHEDULE OF SUMMARY OF THE WARRANT ACTIVITY

 

           Weighted 
           Average 
           Remaining 
       Average   Contractual 
   Number of   Exercise   Term in 
   Warrants   Price   Years 
Outstanding at January 1, 2022   186,841   $35.0    4.14 
Exercisable at January 1, 2022   186,841   $35.0    4.14 
Granted   183,333    8.1    5.00 
Exercised   —    —    — 
Forfeited   —    —    — 
Expired   —    —    — 
Outstanding at December 31, 2022   370,174    21.7    4.02 
Exercisable at December 31, 2022   370,174    21.7    4.02 
Granted   —    —    — 
Exercised   —    —    — 
Forfeited   —    —    — 
Expired   7,219    38.1    — 
Outstanding at December 31, 2023   362,955   $21.32    2.24 
Exercisable at December 31, 2023   362,955   $21.32    2.24