Quarterly report [Sections 13 or 15(d)]

Share Capital (Tables)

v3.26.1
Share Capital (Tables)
6 Months Ended
Jun. 30, 2026
Share Capital [Abstract]  
Schedule of Outstanding Stock Options

A continuity schedule of outstanding stock options is as follows:

 

    Number
Outstanding
    Weighted
Average
Exercise Price
 
          ($)  
Balance – December 31, 2025     401,557       2.57  
Granted     -       -  
Exercised     -       -  
Forfeited     (81,000 )     2.18  
Balance – June 30, 2026     320,557       2.67  
Vested and exercisable     250,557       2.80  
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,
2025
 
Risk-free interest rate     4.03 %
Expected life of options     5 years  
Expected dividend yield     Nil  
Volatility     98.83 %
Schedule of Share Purchase Warrants Outstanding

At June 30, 2026, the Company had share purchase warrants outstanding as follows:

 

Expiration Date   Warrants
Outstanding
    Exercise
Price
    Weighted
Average
Remaining Life
 
          ($)     (years)  
February 28, 2027     20,689       460.80       0.57  
December 6, 2027     13,781       20.00       1.33  
December 9, 2027     9,876       17.60       1.00  
January 18, 2028     25,906       124.80       1.58  
February 2, 2028     10,938       14.40       1.58  
October 17, 2028     543,468       3.68       2.08  
October 17, 2028     24,457       4.05       2.08  
December 24, 2029     1,077,586       4.00       3.17  
      1,726,701       11.46       2.95