Quarterly report pursuant to Section 13 or 15(d)

Share Capital (Tables)

v3.24.3
Share Capital (Tables)
9 Months Ended
Sep. 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
 
          ($)  
Outstanding – December 31, 2023     28,990       165.38  
Granted     -       -  
Exercised     -       -  
Forfeited     (13,860 )     186.49  
Outstanding – September 30, 2024     15,130       146.03  
Warrant [Member]  
Share Capital [Line Items]  
Schedule of Grants in the Three-Month and Nine-Month period ended The Company used the following assumptions in calculating the grant date fair value of stock options granted for the nine-month period ended September 30, 2023:
    September 30,
2023
 
Risk-free interest rate     3.93 %
Expected life of options     5.0 years  
Expected dividend yield     Nil  
Volatility     132.65 %

  

Schedule of Continuity Outstanding Share Purchase Warrants 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 – September 30, 2024     896,645       32.36  
Schedule of Grants in the Three-Month and Nine-Month period ended The Company used the following assumptions in calculating the fair value of the warrants for the period ended:
    December 31,
2023
 
Risk-free interest rate     4.13% – 4.49%  
Expected life of warrants     2.06 – 4.80 years  
Expected dividend yield     Nil  
Volatility     132.78 %
Weighted average fair value per warrant   $ 4.69  
Schedule of Share Purchase Warrants Outstanding At September 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       1.31  
February 28, 2027     20,689       460.80       2.42  
December 6, 2027     13,781       20.00       3.18  
December 9, 2027     9,876       17.60       3.19  
January 18, 2028     25,906       124.80       3.30  
February 2, 2028     10,938       14.40       3.35  
October 17, 2028     783,968       3.68       4.05  
October 17, 2028     24,457       4.05       4.05  
      896,645       32.36       3.94