Quarterly report [Sections 13 or 15(d)]

Share Capital (Tables)

v3.25.1
Share Capital (Tables)
3 Months Ended
Mar. 31, 2025
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, 2024     2,555       64.99  
Granted     399,078       2.18  
Exercised    
-
     
-
 
Forfeited    
-
     
-
 
Balance – March 31, 2025     401,633       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:

 

    March 31,
2025
    March 31,
2024
 
Risk-free interest rate     4.03 %     3.93 %
Expected life of options     5 years       3.38 years  
Expected dividend yield     Nil       Nil  
Volatility     98.83 %     132.65 %
Schedule of Share Purchase Warrants Outstanding

At March 31, 2025, 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       0.83  
February 28, 2027     20,689       460.80       1.92  
December 6, 2027     13,781       20.00       2.67  
December 9, 2027     9,876       17.60       2.67  
January 18, 2028     25,906       124.80       2.83  
February 2, 2028     10,938       14.40       2.83  
October 17, 2028     543,468       3.68       3.33  
October 17, 2028     24,457       4.05       3.33  
December 24, 2029     1,077,586       4.00       4.42  
      1,733,741       18.71       3.96  

 

(1) Unit A warrant balance is 7,030 as of March 31, 2025.