XML 166 R19.htm IDEA: XBRL DOCUMENT
v3.26.1

Lease Liability | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2025 | Dec. 31, 2024
Lease Liability [Abstract] |  |
Lease Liability |
| 13. | Lease Liability
On January 1, 2025, the Company entered into a lease agreement for an office space with a monthly lease payment of $12,000 over a period of two years. Under IFRS 16, the Company recognizes lease liabilities measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate. The details of the lease liability recognized as at June 30, 2025 are as follows:
Cost: |  | Office Lease |
Balance, December 31, 2023 |  | $ | 135,337 |
Accrued interest |  |  | 4,663 |
Lease payables transferred back from AP for cash settlement |  |  | 160,000 |
Cash payments |  |  | (300,000 | )
Movement in exchange rates |  |  | - |
Balance, December 31, 2024 |  |  | - |
Additions |  |  | 272,274 |
Accrued interest |  |  | 6,682 |
Reclass to Accounts payable |  |  | (72,000 | )
Balance, June 30, 2025 |  | $ | 206,956 |
|  | Maturity |  |  | Incremental borrowing rate |  |  | June 30, 2025 |  |  | December 31, 2024 |
Current |  |  | 2025 |  |  |  | 5.45 | % |  | $ | 136,087 |  |  | $ | - |
Non-current |  |  | 2026 |  |  |  | 5.45 | % |  |  | 70,869 |  |  |  | - |
|  |  |  |  |  |  |  |  |  | $ | 206,956 |  |  | $ | - |
The Company has committed to the following undiscounted minimum lease payments remaining as at June 30, 2025:
Year ended December 31: |  |  |
2025 remaining, net of unpaid amounts transferred to Accounts payable |  | $ | 72,000 |
2026 |  |  | 144,000 |
|  | $ | 216,000 |
| 13. | Lease Liability
|  | Maturity |  | Incremental borrowing rate |  |  | December 31, 2023 |  |  | December 31, 2022 |
Current |  | 2023 |  |  | 10.25 | % |  | $ | 135,337 |  |  | $ | 214,058 |
Non-current |  | 2024 |  |  | 10.25 | % |  |  | - |  |  |  | 116,763 |
|  |  |  |  |  |  |  | $ | 135,337 |  |  | $ | 330,821 |
On August 1, 2022, the Company entered into a lease agreement for an office space with a monthly lease payment of $20,000 over a period of two years. Under IFRS 16, the Company recognizes lease liabilities measured at the present value of the remaining lease payments, discounted using the Company’s incremental borrowing rate. The details of the lease liability recognized as at December 31, 2024 are as follows:
|  | Office lease |
Balance, December 31, 2022 |  | $ | 330,821 |
Accrued interest |  |  | 25,942 |
Cash payments |  |  | (60,000 | )
Accounts payable |  |  | (180,000 | )
Movement in exchange rates |  |  | 18,574 |
Balance, December 31, 2023 |  |  | 135,337 |
Accrued interest |  |  | 4,663 |
Lease payables transferred back from AP for cash settlement, net of amounts reclass to AP |  |  | 160,000 |
Cash payments |  |  | (300,000 | )
Movement in exchange rates |  |  | - |
Balance, December 31, 2024 |  | $ | - |

X
- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2025-03-27 + Details
Name: | ifrs-full_DisclosureOfLeasesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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