XML 107 R71.htm IDEA: XBRL DOCUMENT v3.22.4
Acquisitions (Narrative) (Details)
1 Months Ended 9 Months Ended 10 Months Ended 12 Months Ended
Dec. 15, 2021
CAD ($)
share
$ / shares
shares
Jul. 09, 2020
CAD ($)
$ / shares
shares
Jun. 12, 2020
CAD ($)
share
$ / shares
shares
Jun. 12, 2020
USD ($)
shares
Oct. 28, 2022
Apr. 29, 2021
CAD ($)
share
$ / shares
shares
Sep. 17, 2020
CAD ($)
share
shares
May 31, 2020
$ / shares
Sep. 30, 2020
CAD ($)
shares
Sep. 30, 2022
CAD ($)
shares
Dec. 31, 2022
CAD ($)
shares
Sep. 30, 2022
CAD ($)
shares
Dec. 31, 2021
CAD ($)
shares
Sep. 30, 2021
CAD ($)
shares
Dec. 31, 2020
CAD ($)
shares
Dec. 31, 2019
CAD ($)
shares
Dec. 31, 2018
$ / shares
shares
Sep. 30, 2019
shares
Disclosure of detailed information about business combination [line items]                                    
Description of reverse stock split         1-for-70 Reverse Split                          
Description of outstanding common shares consolidation             Foremost effected a consolidation of its outstanding common shares on the basis of one post-consolidation common share for every 326.9 pre-consolidation common shares.                      
Number of shares outstanding | shares             589,517   589,518 773,225   773,225   699,511   383,996 3 383,996
Acquisition of technology asset                 $ 134,192     $ 0   $ 0   $ 0    
Issue price per share | $ / shares               $ 31.5                 $ 66.67  
Proceeds from the issuance of common shares                 $ 4,355,171     344,000   6,002,472   $ 1,014,948    
Police Ordnance [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Number of common shares issued | share 3,965                                  
Fair value of common share $ 377,503                                  
Number of warrants issued in acquisition | shares 200,000                                  
Warrants granted, exercise price | $ / shares $ 1.72                                  
Description of warrant conversion each warrant converts into 0.01428571 common share or 70 warrants to receive one common share of KWESST.                                  
Contingent shares, Number | shares 875                                  
1/70 of stock price | $ / shares $ 1.36                                  
Risk-free interest rate 1.04%                                  
Expected life 3 years                                  
Volatility 84.70%                                  
Revenue of acquiree since acquisition date                   $ 355,296   846,600            
Profit (loss) of acquiree since acquisition date                   (198,353)   31,000            
DEFSEC [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Number of common shares issued | share           14,286                        
Fair value of common share           $ 1,290,000                        
Number of warrants issued in acquisition | shares           500,000                        
Warrants granted, exercise price | $ / shares           $ 0.7                        
Percentage of warrants vesting per anniversary           25.00%                        
Percentage of royalty on annual sales           7.00%                        
Maximum royalty on annual sales           $ 10,000,000                        
Payment of advance royalty           $ 150,000                        
1/70 of stock price | $ / shares           $ 1.29                        
Risk-free interest rate           0.48%                        
Expected life           3 years                        
Volatility           80.00%                        
Discount rate for minimum royalty payments           13.70%                        
Accretion cost relating to discounted minimum royalty payments                       159,451   64,537        
Accrued royalties liability                   $ 1,265,207   $ 1,265,207   $ 1,105,756        
KWESST Inc. [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Number of shares outstanding | shares             576,681                      
Percentage of outstanding shares             97.80%                      
Issued common shares | shares   62,994                                
Issue price per share | $ / shares   $ 49                                
Proceeds from the issuance of common shares   $ 3,100,000                                
Foremost [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Number of shares outstanding | shares             12,836                      
Number of common shares issued | share             12,836                      
Non-cash listing expense (included in M&A costs)             $ 814,703                      
Fair value of common share             $ 628,949                      
Two M&A / capital market advisors [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Number of common shares issued | share             14,286                      
Fair value of common share             $ 700,000                      
SageGuild LLC [Member]                                    
Disclosure of detailed information about business combination [line items]                                    
Acquisition of technology asset     $ 134,192 $ 100,000                            
Number of common shares issued | share     2,000                              
Issued common shares | shares     7,957 7,957                            
Issue price per share | $ / shares     $ 35                              
Fair value of common share     $ 278,500                              
Annual payments                     $ 125,000   $ 125,000   $ 125,000      
Number of warrants issued in acquisition | shares     750,000                              
Warrants granted, exercise price | $ / shares     $ 0.5                              
Warrants vesting during period | shares                     250,000   250,000   250,000      
Description of royalty agreement     In addition to the above total purchase consideration, KWESST Inc. has agreed to pay SageGuild royalties at a rate of 20% on amounts received in consideration of the grant of licenses and on sales of the GhostStep® Technology until KWESST has paid SageGuild a total of USD $3 million in royalties. Once KWESST has paid SageGuild a total of USD $3 million in royalties, the royalty rate will decrease to 5%. The obligation to pay royalties will terminate automatically once KWESST has paid SageGuild a total of USD $20 million in royalties. In addition to the above total purchase consideration, KWESST Inc. has agreed to pay SageGuild royalties at a rate of 20% on amounts received in consideration of the grant of licenses and on sales of the GhostStep® Technology until KWESST has paid SageGuild a total of USD $3 million in royalties. Once KWESST has paid SageGuild a total of USD $3 million in royalties, the royalty rate will decrease to 5%. The obligation to pay royalties will terminate automatically once KWESST has paid SageGuild a total of USD $20 million in royalties.