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Right-of-Use Assets
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Right-of-Use Assets [Abstract]    
Right-of-use Assets
10. Right-of-use Assets

 

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. The right-of-use assets recognized was measured at an amount equal to the recognized lease liabilities (note 13).

 

The details of the right-of-use assets recognized as at June 30, 2025 are as follows:

 

   Office lease 
Balance, December 31, 2023  $121,982 
Amortization   (118,049)
Movement in exchange rates   (3,933)
Balance, December 31, 2024   
-
 
Additions   272,274 
Amortization   (69,466)
Movement in exchange rates   1,398 
Balance, June 30, 2025  $204,206 

 

During the six months ended June 30, 2025, the Company recorded amortization on its right-of-use assets of $69,466 (2024 - $102,051).
10.Right-of-use Assets

 

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. The right-of-use assets recognized was measured at an amount equal to the recognized lease liabilities (note 13).

 

The details of the right-of-use assets recognized as at December 31, 2024 are as follows:

 

   Office lease 
Balance, December 31, 2022  $324,070 
Amortization   (205,424)
Movement in exchange rates   3,336 
Balance, December 31, 2023   121,982 
Amortization   (118,049)
Movement in exchange rates   (3,933)
Balance, December 31, 2024  $
-
 

  

During the year ended December 31, 2024, the Company recorded amortization on its right-of-use assets of $118,049 (2023 - $205,424).