XML 51 R39.htm IDEA: XBRL DOCUMENT
v3.24.3

Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Line Items] |
Schedule of Equity Warrants | As of September 30, 2024, the following equity warrants were outstanding:
Outstanding |  |  | Expiry date |  | Weighted average exercise price ($) |
| 250,000 |  |  | August 28, 2026 |  |  | 3.00 |
| 99,998 |  |  | March 12, 2027 |  |  | 3.00 |
| 28,571,425 | 1 |  | October 30, 2029 |  |  | 0.38 | 1
| 28,571,425 | 2 |  | April 30, 2027 |  |  | 0.38 | 2
| 1,428,571 |  |  | March 24, 2028 |  |  | 0.34 |
| 58,921,419 |  |  |  |  |  | 0.39 |
Schedule of Black-Scholes Option Pricing Model | The following assumptions were used in the Black-Scholes option pricing model:
|  | Initial recognition |
Risk-free interest rate |  | 5.12-5.44% |
Expected life |  | 0.5-1 years |
Expected dividend rate |  | 0.00% |
Expected volatility |  | 100% |
Schedule of Stock Options | The continuity of stock options for the nine months ended September 30, 2024, and December 31, 2023, is summarized below:
|  | Number of stock options |  |  | Weighted average exercise price |
Outstanding, December 31, 2022 |  |  | 1,366,167 |  |  |  | 1.08 |
Granted |  |  | 234,000 |  |  |  | 5.00 |
Forfeited |  |  | (14,583 | ) |  |  | 0.60 |
Exercised |  |  | (62,500 | ) |  |  | 0.60 |
Outstanding, December 31, 2023 |  |  | 1,523,084 |  |  |  | 1.71 |
Granted |  |  | 92,500 |  |  |  | 1.54 |
Forfeited |  |  | (394,990 | ) |  |  | 2.20 |
Exercised |  |  | - |  |  |  | - |
Outstanding, September 30, 2024 |  |  | 1,220,594 |  |  |  | 1.52 |
Schedule of Right To Purchase One Common Stock Option Held | As of September 30, 2024, the following options were outstanding, entitling the holders thereof the right to purchase one common stock for each option held as follows:
Outstanding |  |  | Vested |  |  | Expiry date |  | Weighted average exercise price ($) |
| 816,677 |  |  |  | 763,203 |  |  | February 8, 2031 |  |  | 0.60 |
| 35,417 |  |  |  | 35,417 |  |  | February 27, 2031 |  |  | 0.60 |
| 5,000 |  |  |  | 3,021 |  |  | April 25, 2032 |  |  | 0.60 |
| 16,000 |  |  |  | 9,000 |  |  | June 1, 2032 |  |  | 1.34 |
| 16,000 |  |  |  | 8,000 |  |  | September 30, 2032 |  |  | 1.34 |
| 80,000 |  |  |  | 40,000 |  |  | September 30, 2032 |  |  | 5.00 |
| 10,000 |  |  |  | 4,792 |  |  | October 15, 2032 |  |  | 1.34 |
| 5,000 |  |  |  | 2,292 |  |  | November 1, 2032 |  |  | 5.00 |
| 10,000 |  |  |  | 3,958 |  |  | March 2, 2033 |  |  | 5.00 |
| 50,000 |  |  |  | 16,666 |  |  | April 16, 2033 |  |  | 5.00 |
| 80,000 |  |  |  | 28,333 |  |  | May 1, 2033 |  |  | 5.00 |
| 10,000 |  |  |  | 3,125 |  |  | June 27, 2033 |  |  | 5.00 |
| 1,500 |  |  |  | 438 |  |  | July 1, 2033 |  |  | 5.00 |
| 5,000 |  |  |  | - |  |  | February 12, 2034 |  |  | 5.00 |
| 80,000 |  |  |  | - |  |  | March 5, 2034 |  |  | 1.00 |
| 1,220,594 |  |  |  | 918,245 |  |  |  |  |  |  |
Equity Option [Member] |
Equity [Line Items] |
Schedule of Black-Scholes Option Pricing Model | The following assumptions were used in the Black-Scholes option pricing model:
|  | September 30, 2024 |  |  | December 31, 2023 |
Risk-free interest rate |  |  | 3.95% - 4.19 | % |  |  | 3.39% -3.86 | %
Expected life |  |  | 10 years |  |  |  | 10 years |
Expected dividend rate |  |  | 0.00 | % |  |  | 0.00 | %
Expected volatility |  |  | 100 | % |  |  | 100 | %
Forfeiture rate |  |  | 0.00 | % |  |  | 0.00 | %

X
- References No definition available. + Details
Name: | srt_DistributionOfAssetsLiabilitiesAndStockholdersEquityLineItems
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCommonStockOutstandingRollForwardTableTextBlock
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 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

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_StockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |