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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	%

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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.

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