Share Capital (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2024 |
Dec. 31, 2023 |
| 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
|
| |
|
|
|
($)
|
|
Balance – December 31, 2022
|
|
14,238 |
|
|
594.08 |
|
Granted
|
|
25,000 |
|
|
14.40 |
|
Exercised
|
|
|
|
|
|
|
Forfeited
|
|
(10,247 |
)
|
|
392.60 |
|
Balance – December 31, 2023
|
|
28,990 |
|
|
165.38 |
|
Granted
|
|
|
|
|
|
|
Exercised
|
|
|
|
|
|
|
Forfeited
|
|
(13,860 |
)
|
|
186.49 |
|
Balance – June 30, 2024
|
|
15,130 |
|
|
146.03 |
|
A continuity schedule of outstanding stock options is as follows:
|
|
|
Number
Outstanding
|
|
Weighted
Average
Exercise
Price
|
| |
|
|
|
($)
|
|
Balance – December 31, 2021
|
|
8,091 |
|
|
1,017.60 |
|
Granted
|
|
6,533 |
|
|
99.04 |
|
Exercised
|
|
—
|
|
|
—
|
|
Forfeited
|
|
(386 |
)
|
|
1,484.96 |
|
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 |
|
| 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 | | | | | | Volatility | | 132.65% | | 132.65% |
|
The Company used the following assumptions in calculating the fair value of stock options for the period ended: | | | December 31,
2023 | | December 31,
2022 | | Risk-free interest rate | | 3.93% | | 2.14% – 4.03% | | Expected life of options | | 3.69 years | | 5.0 years | | Expected dividend yield | | Nil | | Nil | | Volatility | | 132.65% | | 96.90% – 112.40% |
|
| 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 | | | | | | ($) | | (years) | | September 27, 2024 | | 572 | | 1,087.20 | | 0.24 | | July 24, 2025 | | 287 | | 715.20 | | 1.07 | | July 31, 2025 | | 276 | | 715.20 | | 1.08 | | June 1, 2026 | | 59 | | 1,689.60 | | 1.92 | | August 19, 2026 | | 761 | | 1,008.00 | | 2.14 | | August 17, 2027 | | 1,504 | | 96.00 | | 3.13 | | September 20, 2027 | | 140 | | 55.20 | | 3.22 | | February 13, 2028 | | 11,531 | | 14.40 | | 3.62 | | | | 15,130 | | 146.03 | | 3.27 |
|
At December 31, 2023, the Company had incentive stock options outstanding as follows: | Expiry Date | | Options
Outstanding | | Exercise
Price | | Weighted
Average
Remaining Life | | | | | | ($) | | (years) | | April 2, 2024 | | 432 | | 604.80 | | 0.25 | | June 27, 2024 | | 26 | | 614.40 | | 0.49 | | September 27, 2024 | | 962 | | 1,087.20 | | 0.74 | | October 22, 2024 | | 52 | | 967.20 | | 0.81 | | July 24, 2025 | | 556 | | 715.20 | | 1.56 | | July 31, 2025 | | 546 | | 715.20 | | 1.58 | | August 10, 2025 | | 52 | | 715.20 | | 1.61 | | June 1, 2026 | | 236 | | 1,689.60 | | 2.42 | | June 29, 2026 | | 44 | | 1,356.00 | | 2.50 | | August 19, 2026 | | 1,501 | | 1,008.00 | | 2.64 | | May 10, 2027 | | 13 | | 189.60 | | 3.36 | | August 17, 2027 | | 3,212 | | 96.00 | | 3.63 | | September 20, 2027 | | 140 | | 55.20 | | 3.72 | | February 13, 2028 | | 21,218 | | 14.40 | | 4.12 | | | | 28,990 | | 165.38 | | 3.69 |
|
| 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
|
| |
|
|
|
($)
|
|
Balance – December 31, 2022
|
|
329,908 |
|
|
91.84 |
|
Exercised
|
|
(283,875 |
)
|
|
16.19 |
|
Expired
|
|
|
|
|
|
|
Issued
|
|
850,612 |
|
|
3.83 |
|
Balance – December 31, 2023
|
|
896,645 |
|
|
32.36 |
|
Exercised
|
|
|
|
|
|
|
Expired
|
|
|
|
|
|
|
Issued
|
|
|
|
|
|
|
Balance – June 30, 2024
|
|
896,645 |
|
|
32.36 |
|
A continuity schedule of outstanding share purchase warrants is as follows:
|
|
|
Number
Outstanding
|
|
Weighted
Average
Exercise Price
|
| |
|
|
|
($)
|
|
Balance – December 31, 2021
|
|
18,692 |
|
|
1,639.20 |
|
Exercised
|
|
—
|
|
|
—
|
|
Expired
|
|
(11,662 |
)
|
|
1,540.80 |
|
Issued
|
|
322,878 |
|
|
54.72 |
|
Balance – December 31, 2022
|
|
329,908 |
|
|
91.84 |
|
Exercised
|
|
(283,875 |
)
|
|
16.19 |
|
Expired
|
|
—
|
|
|
—
|
|
Issued
|
|
850,612 |
|
|
3.83 |
|
Balance – December 31, 2023(1)
|
|
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
|
|
|
|
|
|
Volatility
|
|
132.78% |
|
132.78% |
|
Weighted average fair value per warrant
|
|
$4.44 |
|
$4.69 |
|
The Company used the following assumptions in calculating the fair value of the warrants for the period ended:
|
|
|
December 31,
2023
|
|
December 31,
2022
|
|
Risk-free interest rate
|
|
|
4.13% – 4.49% |
|
|
3.99% – 4.22% |
|
Expected life of warrants
|
|
|
2.06 – 4.80 years |
|
|
3.06 – 5.05 years |
|
Expected dividend yield
|
|
|
Nil
|
|
|
Nil
|
|
Volatility
|
|
|
132.78% |
|
|
119% – 124.9% |
|
Weighted average fair value per warrant
|
|
$
|
4.69 |
|
$
|
4.16 |
|
| 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 | | | | | | ($) | | (years) | | January 20, 2026 | | 7,030 | | 1,800.00 | | 1.56 | | February 28, 2027 | | 20,689 | | 460.80 | | 2.67 | | December 6, 2027 | | 13,781 | | 20.00 | | 3.43 | | December 9, 2027 | | 9,876 | | 17.60 | | 3.44 | | January 18, 2028 | | 25,906 | | 124.80 | | 3.55 | | February 2, 2028 | | 10,938 | | 14.40 | | 3.60 | | October 17, 2028 | | 783,968 | | 3.68 | | 4.30 | | October 17, 2028 | | 24,457 | | 4.05 | | 4.30 | | | | 896,645 | | 32.36 | | 4.19 |
|
At December 31, 2023, the Company had share purchase warrants outstanding as follows: | Expiration Date | | Warrants
Outstanding | | Exercise
Price | | Weighted
Average
Remaining Life | | | | | | ($) | | (years) | | January 20, 2026(1) | | 7,030 | | 1,800.00 | | 2.06 | | February 28, 2027 | | 20,689 | | 460.80 | | 3.16 | | December 6, 2027 | | 13,781 | | 20.00 | | 3.93 | | December 9, 2027 | | 9,876 | | 17.60 | | 3.94 | | January 18, 2028 | | 25,906 | | 124.80 | | 4.05 | | February 2, 2028 | | 10,938 | | 14.40 | | 4.10 | | October 17, 2028 | | 783,968 | | 3.68 | | 4.80 | | October 17, 2028 | | 24,457 | | 4.05 | | 4.80 | | | | 896,645 | | 32.36 | | 4.69 |
|