Quarterly report pursuant to Section 13 or 15(d)

Share Capital (Tables)

v3.24.2.u1
Share Capital (Tables)
6 Months Ended
Jun. 30, 2024
Share Capital [Line Items]  
Schedule of Outstanding Stock Options A continuity schedule of outstanding stock options is as follows:
    Number
Outstanding
    Weighted Average
Exercise Price
 
          ($)  
Balance – December 31, 2022     14,238       594.08  
Granted     25,000       14.40  
Exercised    
-
     
-
 
Forfeited     (10,247 )     392.60  
Balance – December 31, 2023     28,990       165.38  
Granted    
-
     
-
 
Exercised    
-
     
-
 
Forfeited     (13,860 )     186.49  
Balance – June 30, 2024     15,130       146.03  
Schedule of Assumptions For Fair Value of Stock Options The Company used the following assumptions in calculating the fair value of stock options for the period ended:
    June 30,
2024
    June 30,
2023
 
Risk-free interest rate     3.93 %     3.93 %
Expected life of options     3.38 years       5.0 years  
Expected dividend yield     Nil       Nil  
Volatility     132.65 %     132.65 %

 

Schedule of Share Purchase Warrants Outstanding At June 30, 2024, the Company had incentive stock options outstanding as follows:
Expiry Date   Options Outstanding     Exercise
Price
    Weighted
Average
Remaining Life
 
          ($)     (years)  
September 27, 2024     572       1,087.20       0.24  
July 24, 2025     287       715.20       1.07  
July 31, 2025     276       715.20       1.08  
June 1, 2026     59       1,689.60       1.92  
August 19, 2026     761       1,008.00       2.14  
August 17, 2027     1,504       96.00       3.13  
September 20, 2027     140       55.20       3.22  
February 13, 2028     11,531       14.40       3.62  
      15,130       146.03       3.27  
Warrant [Member]  
Share Capital [Line Items]  
Schedule of Outstanding Stock Options A continuity schedule of outstanding share purchase warrants is as follows:
    Number
Outstanding
    Weighted
Average
Exercise
Price
 
          ($)  
Balance –December 31, 2022     329,908       91.84  
Exercised     (283,875 )     16.19  
Expired    
-
     
-
 
Issued     850,612       3.83  
Balance – December 31, 2023     896,645       32.36  
Exercised    
-
     
-
 
Expired    
-
     
-
 
Issued    
-
     
-
 
Balance – June 30, 2024     896,645       32.36  
Schedule of Assumptions For Fair Value of Stock Options The Company used the following assumptions in calculating the fair value of the warrants for the period ended:
    June 30,
2024
    December 31,
2023
 
Risk-free interest rate   4.13% – 4.49%     4.13% – 4.49%  
Expected life of warrants   1.81 – 4.55 years     2.06 – 4.80 years  
Expected dividend yield   Nil     Nil  
Volatility   132.78%     132.78%  
Weighted average fair value per warrant   $4.44     $4.69  
Schedule of Share Purchase Warrants Outstanding At June 30, 2024, the Company had share purchase warrants outstanding as follows:
Expiration Date  

Warrants

Outstanding

   

Exercise

Price

    Weighted
Average
Remaining
Life
 
          ($)     (years)  
January 20, 2026     7,030       1,800.00       1.56  
February 28, 2027     20,689       460.80       2.67  
December 6, 2027     13,781       20.00       3.43  
December 9, 2027     9,876       17.60       3.44  
January 18, 2028     25,906       124.80       3.55  
February 2, 2028     10,938       14.40       3.60  
October 17, 2028     783,968       3.68       4.30  
October 17, 2028     24,457       4.05       4.30  
      896,645       32.36       4.19