Annual report [Section 13 and 15(d), not S-K Item 405]

Share Capital (Tables)

v3.25.1
Share Capital (Tables)
12 Months Ended
Dec. 31, 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, 2022     14,238       594.08  
Granted     25,000       14.40  
Exercised    
-
     
-
 
Forfeited     (10,247 )     392.60  
Outstanding – December 31, 2023     28,990       165.38  
Forfeited     (26,435 )     135.62  
Outstanding – December 31, 2024     2,555       64.99  
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:

 

    December 31,
2024
    December 31,
2023
 
Risk-free interest rate          -       3.93%  
Expected life of options     -       3.69 years  
Expected dividend yield     -       Nil  
Volatility     -       132.65%  
Warrant [Member]  
Share Capital [Line Items]  
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:

 

    December 31,
2024
  December 31,
2023
Risk-free interest rate   4.43%   4.13% - 4.49%
Expected life of warrants   5 years   2.06 – 4.80 years
Expected dividend yield  
Nil
 
Nil
Volatility   132.78%   132.78%
Weighted average fair value per warrant   $1.71   $4.69
Schedule of Share Purchase Warrants Outstanding

At December 31, 2024, 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       1.06  
February 28, 2027     20,689       460.80       2.16  
December 6, 2027     13,781       20.00       2.93  
December 9, 2027     9,876       17.60       2.94  
January 18, 2028     25,906       124.80       3.05  
February 2, 2028     10,938       14.40       3.10  
October 17, 2028     543,468       3.68       3.80  
October 17, 2028     24,457       4.05       3.80  
December 24, 2029     1,077,586       4.00       4.92  
      1,733,741       32.36       4.45  

 

  (1) Unit A warrant balance is 7,030 as of December 31, 2024 and 2023.