Quarterly report pursuant to Section 13 or 15(d)

Share Capital (Tables)

v3.24.1.1.u2
Share Capital (Tables)
 3 Months Ended
Mar. 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		  
          ($)  
Balance – December 31, 2022     14,238       594.08  
Granted     25,000       14.40  
Exercised    
-
      
-
  
Forfeited     (10,247 )     392.60  
Balance – December 31, 2023     28,990       165.38  
Granted    
-
      
-
  
Exercised    
-
      
-
  
Forfeited     (10,481 )     150.48  
Balance – March 31, 2024     18,509       173.81  
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,
2024		     March 31,
2023		  
Risk-free interest rate     3.93 %     3.93 %
Expected life of options     3.38 years       5.0 years  
Expected dividend yield     Nil       Nil  
Volatility     132.65 %     132.65 %

 
Schedule of Share Purchase Warrants Outstanding At March 31, 2024, the Company had incentive stock options outstanding as follows:
Expiry Date  

Options

Outstanding

    

Exercise

Price 

     Weighted Average
Remaining Life		  
          ($)     (years)  
April 2, 2024     423       604.80       0.01  
June 27, 2024     26       614.40       0.24  
September 27, 2024     780       1,087.20       0.49  
October 22, 2024     26       967.20       0.56  
July 24, 2025     382       715.20       1.32  
July 31, 2025     384       715.20       1.33  
August 10, 2025     52       715.20       1.36  
June 1, 2026     59       1,689.60       2.17  
June 29, 2026     25       1,356.00       2.25  
August 19, 2026     949       1,008.00       2.39  
August 17, 2027     2,076       96.00       3.38  
September 20, 2027     140       55.20       3.47  
February 13, 2028     13,187       14.40       3.87  
      18,509       173.81       3.38  
Warrant [Member]  
Share Capital [Line Items]  
Schedule of Outstanding Stock Options A continuity schedule of outstanding share purchase warrants is as follows:
    Number Outstanding     Weighted Average Exercise Price  
          ($)  
Balance –  December 31, 2022     329,908       91.84  
Exercised     (283,875 )     16.19  
Expired    
-
      
-
  
Issued     850,612       3.83  
Balance – December 31, 2023     896,645       32.36  
Exercised    
-
      
-
  
Expired    
-
      
-
  
Issued    
-
      
-
  
Balance – March 31, 2024(1)     896,645       32.36  
(1) Unit A warrant balance is 7,030 as of March 31, 2024.
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:
    March 31,
2024		     December 31,
2023		  
Risk-free interest rate     4.13% - 4.49%       4.13% - 4.49%  
Expected life of warrants     1.81 – 4.55 years       2.06 – 4.80 years  
Expected dividend yield     Nil       Nil  
Volatility     132.78%     132.78%
Weighted average fair value per warrant   $ 4.44     $ 4.69  
Schedule of Share Purchase Warrants Outstanding At March 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       1.81  
February 28, 2027     20,689       460.80       2.92  
December 6, 2027     13,781       20.00       3.68  
December 9, 2027     9,876       17.60       3.69  
January 18, 2028     25,906       124.80       3.80  
February 2, 2028     10,938       14.40       3.85  
October 17, 2028     783,968       3.68       4.55  
October 17, 2028     24,457       4.05       4.55  
      896,645       32.36       4.44  
(1) Unit A warrant balance is 7,030 as of March 31, 2024.