Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share Capital and Reserves (Details)

v3.22.2.2
Share Capital and Reserves (Details) - USD ($)
1 Months Ended 12 Months Ended
Jul. 17, 2020
Aug. 09, 2019
Feb. 14, 2019
Nov. 17, 2020
Jul. 17, 2020
Jul. 26, 2019
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued                 624,228  
Issued share capital description             b)Issued share capitalDuring the year ended December 31, 2021, the Company:  i)issued, 1,506,903 units at a price of $6.76 per unit in connection with the acquisition of Xcite.   ii)issued, 1,472,000 units at a price of $7.50 per unit per unit for total proceeds of $11,040,000. Each unit consisted of one common share, one Unit A warrant and one Unit B warrant. Unit A warrants allow the purchaser to purchase one common share at $7.50 per share until January 20, 2026. Unit B warrants allow the purchaser to purchase one common share at $7.50 per share until January 20, 2026. In connection with the offering, the Company incurred $1,524,439 in issuance costs as part of the transaction.   iii)issued, 1,553,372 common shares pursuant to exercise of 1,435,333 warrants and 118,039 stock options for total proceeds of $6,735,254.   iv)issued, 215,341 units consisting of one share of common share and one Unit A warrant and one Unit B warrant in exchange for the forgiveness of $1,615,058 of debt and accrued interest.   v)issued 29,307 shares of the Company’s common stock with a value of $206,614 to a third party in exchange for services (included in professional fees).   vi)issued 43,746 shares related to the PPP loan escrow account that was included in the Xcite debt at the time of the acquisition.       
Issued units               150,000    
Price per share (in Dollars per share)               $ 3.02    
Total proceeds (in Dollars)               $ 453,000    
Recognized a loss (in Dollars)               $ 378,718    
Common shares to exercise of warrants.               1,059,893 158,115  
Warrants issued               1,056,143    
Common shares issued for stock options               3,750    
Total proceeds value (in Dollars)                 $ 1,351,916  
Price per unit (in Dollars per share)                 $ 2.17  
Common shares of acquisition               10 576,834  
Value of acquisition stock (in Dollars)                 $ 1,410,581  
Stock options for total proceeds (in Dollars)                 352,116  
Escrow, description             At December 31, 2021, 313 common shares (December 31, 2020 – 313) of the Company are held in escrow due to misplaced share certificates originally issued to three individual shareholders.       
Common shares issued and outstanding percentage               10.00%    
Share-based compensation (in Dollars)               $ 1,049,135 $ 632,542 $ 632,542
Purchase of warrants 150,000 284,093 43,696 625,000 150,000 14,088        
Share purchase warrants description             During the year ended December 31, 2021, the Company:  i)On January 21, 2021, Company completed a public offering and issued 1,472,000 units at a price of $7.50 per unit per unit for total proceeds of $11,040,000. Each unit consisted of one common share, one Unit A warrant and one Unit B warrant, each to purchase one common share for a total of 2,944,000 warrants issued at $7.50 per share until January 21, 2023.  ii)On January 21, 2021, the Company entered into a debt exchange agreement and exchanged 215,341 shares of common stock for the reduction of $1,615,058 of debt and accrued interest. As part of the agreement the Company also issued 215,341 Unit A warrants and 215,341 Unit B warrants issued at $7.50 per share until January 21, 2023.       
Warrants exercise price (in Dollars per share) $ 4.83 $ 4.24 $ 2.17 $ 4.89 $ 4.83 $ 4.25        
Term of warrants   2 years 2 years 2 years 2 years          
Share purchase warrants fair value (in Dollars)   $ 150,213            
Warrants term, description           24 months        
Animoca Brands [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock value (in Dollars)               $ 251,169    
Warrants [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Issued units               172,532    
Price per share (in Dollars per share)               $ 2.95    
Total proceeds (in Dollars)               $ 508,969    
Total proceeds value (in Dollars)               $ 3,552,473    
Animoca Brands Inc [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued               181,547    
Issued common stock value (in Dollars)               $ 502,414    
Exchange shares of common stock               4,327,431    
Additional shares of common stock               89,088    
Private placements [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued                 1,094,844  
Warrants, description                 Each unit consisted of one common share and a one common stock warrant for each share purchased. Each warrant entitles the holder to purchase one additional common share at a price of $3.61 until February 14, 2021.   ii) issued, 1,094,844 units pursuant to a private placement at a price of $2.43 per unit for total proceeds of $2,657,791. Each unit consisted of one common share and a one common stock warrant for each share purchased. Each warrant entitles the holder to purchase one additional common share at a price of $4.25 until July 26, 2021.     
Purchase of warrants 172,532   624,228   172,532 1,094,844        
Warrants exercise price (in Dollars per share) $ 4.71   $ 3.61   $ 4.71 $ 4.25        
Term of warrants 2 years   2 years     2 years        
Share purchase warrants fair value (in Dollars) $ 41,155         $ 15,919        
Private placements [Member] | Residual Value Method [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Share purchase warrants fair value (in Dollars)     $ 150,213              
Private placements [Member] | Scholes option pricing model [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Share purchase warrants fair value (in Dollars)     46              
Scholes option pricing model [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Share purchase warrants fair value (in Dollars)     $ 46,505              
Newco shares [Member] | Animoca Brands Inc [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Acquisition shares of value (in Dollars)             $ 119,122      
Stock Options [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Price per unit (in Dollars per share)                 $ 1.93 $ 2.69
Stocks option granted               960,224    
Share-based compensation (in Dollars)               $ 2,145,928    
Stock options vested (in Dollars)                 $ 1,049,135  
Purchase of warrants                 470,083  
Stock options fair value (in Dollars)                 $ 906,618 $ 1,299,816
Stock options granted                   482,500
Class A share [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued             5,057 5,057    
Issued capital [member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued                 284,092  
Issued units               625,000    
Price per share (in Dollars per share)               $ 3.05    
Total proceeds (in Dollars)               $ 1,906,250    
Total proceeds value (in Dollars)                 $ 756,372  
Price per unit (in Dollars per share)                 $ 2.66  
Warrants, description                 Each unit consisted of one common share and one common stock warrant for each share purchased. Each warrant entitles the holder to purchase one additional common share at a price of $4.24 until August 9, 2021.  
Newco shares [Member] | Animoca Brands Inc [Member]                    
Share Capital and Reserves (Details) [Line Items]                    
Common stock issued             288,416