Share Capital and Reserves (Details) - USD ($) |
1 Months Ended | 12 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jul. 17, 2020 |
Aug. 09, 2019 |
Feb. 14, 2019 |
Nov. 17, 2020 |
Jul. 17, 2020 |
Jul. 26, 2019 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 624,228 | |||||||||
Issued share capital description | b)Issued share capitalDuring the year ended December 31, 2021, the Company: i)issued, 1,506,903 units at a price of $6.76 per unit in connection with the acquisition of Xcite. ii)issued, 1,472,000 units at a price of $7.50 per unit per unit for total proceeds of $11,040,000. Each unit consisted of one common share, one Unit A warrant and one Unit B warrant. Unit A warrants allow the purchaser to purchase one common share at $7.50 per share until January 20, 2026. Unit B warrants allow the purchaser to purchase one common share at $7.50 per share until January 20, 2026. In connection with the offering, the Company incurred $1,524,439 in issuance costs as part of the transaction. iii)issued, 1,553,372 common shares pursuant to exercise of 1,435,333 warrants and 118,039 stock options for total proceeds of $6,735,254. iv)issued, 215,341 units consisting of one share of common share and one Unit A warrant and one Unit B warrant in exchange for the forgiveness of $1,615,058 of debt and accrued interest. v)issued 29,307 shares of the Company’s common stock with a value of $206,614 to a third party in exchange for services (included in professional fees). vi)issued 43,746 shares related to the PPP loan escrow account that was included in the Xcite debt at the time of the acquisition. | |||||||||
Issued units | 150,000 | |||||||||
Price per share (in Dollars per share) | $ 3.02 | |||||||||
Total proceeds (in Dollars) | $ 453,000 | |||||||||
Recognized a loss (in Dollars) | $ 378,718 | |||||||||
Common shares to exercise of warrants. | 1,059,893 | 158,115 | ||||||||
Warrants issued | 1,056,143 | |||||||||
Common shares issued for stock options | 3,750 | |||||||||
Total proceeds value (in Dollars) | $ 1,351,916 | |||||||||
Price per unit (in Dollars per share) | $ 2.17 | |||||||||
Common shares of acquisition | 10 | 576,834 | ||||||||
Value of acquisition stock (in Dollars) | $ 1,410,581 | |||||||||
Stock options for total proceeds (in Dollars) | 352,116 | |||||||||
Escrow, description | At December 31, 2021, 313 common shares (December 31, 2020 – 313) of the Company are held in escrow due to misplaced share certificates originally issued to three individual shareholders. | |||||||||
Common shares issued and outstanding percentage | 10.00% | |||||||||
Share-based compensation (in Dollars) | $ 1,049,135 | $ 632,542 | $ 632,542 | |||||||
Purchase of warrants | 150,000 | 284,093 | 43,696 | 625,000 | 150,000 | 14,088 | ||||
Share purchase warrants description | During the year ended December 31, 2021, the Company: i)On January 21, 2021, Company completed a public offering and issued 1,472,000 units at a price of $7.50 per unit per unit for total proceeds of $11,040,000. Each unit consisted of one common share, one Unit A warrant and one Unit B warrant, each to purchase one common share for a total of 2,944,000 warrants issued at $7.50 per share until January 21, 2023. ii)On January 21, 2021, the Company entered into a debt exchange agreement and exchanged 215,341 shares of common stock for the reduction of $1,615,058 of debt and accrued interest. As part of the agreement the Company also issued 215,341 Unit A warrants and 215,341 Unit B warrants issued at $7.50 per share until January 21, 2023. | |||||||||
Warrants exercise price (in Dollars per share) | $ 4.83 | $ 4.24 | $ 2.17 | $ 4.89 | $ 4.83 | $ 4.25 | ||||
Term of warrants | 2 years | 2 years | 2 years | 2 years | ||||||
Share purchase warrants fair value (in Dollars) | $ 150,213 | |||||||||
Warrants term, description | 24 months | |||||||||
Animoca Brands [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock value (in Dollars) | $ 251,169 | |||||||||
Warrants [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Issued units | 172,532 | |||||||||
Price per share (in Dollars per share) | $ 2.95 | |||||||||
Total proceeds (in Dollars) | $ 508,969 | |||||||||
Total proceeds value (in Dollars) | $ 3,552,473 | |||||||||
Animoca Brands Inc [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 181,547 | |||||||||
Issued common stock value (in Dollars) | $ 502,414 | |||||||||
Exchange shares of common stock | 4,327,431 | |||||||||
Additional shares of common stock | 89,088 | |||||||||
Private placements [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 1,094,844 | |||||||||
Warrants, description | issued, 1,094,844 units pursuant to a private placement at a price of $2.43 per unit for total proceeds of $2,657,791. Each unit consisted of one common share and a one common stock warrant for each share purchased. Each warrant entitles the holder to purchase one additional common share at a price of $4.25 until July 26, 2021. | |||||||||
Purchase of warrants | 172,532 | 624,228 | 172,532 | 1,094,844 | ||||||
Warrants exercise price (in Dollars per share) | $ 4.71 | $ 3.61 | $ 4.71 | $ 4.25 | ||||||
Term of warrants | 2 years | 2 years | 2 years | |||||||
Share purchase warrants fair value (in Dollars) | $ 41,155 | $ 15,919 | ||||||||
Private placements [Member] | Residual Value Method [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Share purchase warrants fair value (in Dollars) | $ 150,213 | |||||||||
Private placements [Member] | Scholes option pricing model [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Share purchase warrants fair value (in Dollars) | 46 | |||||||||
Scholes option pricing model [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Share purchase warrants fair value (in Dollars) | $ 46,505 | |||||||||
Newco shares [Member] | Animoca Brands Inc [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Acquisition shares of value (in Dollars) | $ 119,122 | |||||||||
Stock Options [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Price per unit (in Dollars per share) | $ 1.93 | $ 2.69 | ||||||||
Stocks option granted | 960,224 | |||||||||
Share-based compensation (in Dollars) | $ 2,145,928 | |||||||||
Stock options vested (in Dollars) | $ 1,049,135 | |||||||||
Purchase of warrants | 470,083 | |||||||||
Stock options fair value (in Dollars) | $ 906,618 | $ 1,299,816 | ||||||||
Stock options granted | 482,500 | |||||||||
Class A share [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 5,057 | 5,057 | ||||||||
Issued capital [member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 284,092 | |||||||||
Issued units | 625,000 | |||||||||
Price per share (in Dollars per share) | $ 3.05 | |||||||||
Total proceeds (in Dollars) | $ 1,906,250 | |||||||||
Total proceeds value (in Dollars) | $ 756,372 | |||||||||
Price per unit (in Dollars per share) | $ 2.66 | |||||||||
Warrants, description | Each unit consisted of one common share and one common stock warrant for each share purchased. Each warrant entitles the holder to purchase one additional common share at a price of $4.24 until August 9, 2021. | |||||||||
Newco shares [Member] | Animoca Brands Inc [Member] | ||||||||||
Share Capital and Reserves (Details) [Line Items] | ||||||||||
Common stock issued | 288,416 |