Registration of securities issued in business combination transactions

Notes Payable - Related Party (Tables)

v3.24.0.1
Notes Payable - Related Party (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Notes Payable - Related Party [Abstract]    
Schedule of Notes Payable - Related Party During the nine month period ended September 30, 2023, the Company recorded finance expense of $0 (December 31, 2022 — $60,770). As of September 30, 2023, all notes are fully accreted.
 

Amount
($)

Balance, December 31, 2021

 

2,786,183

 

Foreign currency adjustment

 

(177,690

)

Repayments

 

(64,550

)

Finance expense

 

60,770

 

Balance, December 31, 2022

 

2,604,713

 

Foreign currency adjustment

 

8,119

 

Repayments

 

(821,292

)

Balance, September 30, 2023

 

1,791,540

 

Current

 

1,791,540

 

Non-current

 

0

 

During the year ended December 31, 2022, the Company recorded finance expense of $60,770 (December 31, 2021 — $225,196), related to bringing the notes to their present value.
 

Amount
($)

Balance at December 31, 2020

 

4,528,549

 

Proceeds

 

 

Repayments

 

(2,058,720

)

Contribution benefit

 

 

Finance expense

 

225,196

 

Foreign exchange adjustment

 

91,158

 

Balance, December 31, 2021

 

2,786,183

 

Foreign currency adjustment

 

(177,690

)

Repayments

 

(64,550

)

Finance expense

 

60,770

 

Balance, December 31, 2022

 

2,604,713

 

Current

 

2,604,713

 

Non-current

 

0