Share Capital (Tables)
|
6 Months Ended |
Jun. 30, 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 |
|
| |
|
|
|
|
($) |
|
| Balance – December 31, 2022 |
|
|
14,238 |
|
|
|
594.08 |
|
| Granted |
|
|
25,000 |
|
|
|
14.40 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
(10,247 |
) |
|
|
392.60 |
|
| Balance – December 31, 2023 |
|
|
28,990 |
|
|
|
165.38 |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
(13,860 |
) |
|
|
186.49 |
|
| Balance – June 30, 2024 |
|
|
15,130 |
|
|
|
146.03 |
|
|
| Schedule of Assumptions For Fair Value of Stock Options |
The Company used the following assumptions in calculating
the fair value of stock options for the period ended: | | | June 30,
2024 | | | June 30,
2023 | |
| Risk-free interest rate | | | 3.93 | % | | | 3.93 | % |
| Expected life of options | | | 3.38 years | | | | 5.0 years | |
| Expected dividend yield | | | Nil | | | | Nil | |
| Volatility | | | 132.65 | % | | | 132.65 | % |
|
| Schedule of Share Purchase Warrants Outstanding |
At June 30, 2024, the Company had incentive
stock options outstanding as follows: | Expiry Date |
| Options Outstanding |
|
| Exercise
Price |
|
| Weighted
Average
Remaining Life |
|
| |
| |
|
| ($) |
|
| (years) |
|
| September 27, 2024 |
| |
572 |
|
| |
1,087.20 |
|
| |
0.24 |
|
| July 24, 2025 |
| |
287 |
|
| |
715.20 |
|
| |
1.07 |
|
| July 31, 2025 |
| |
276 |
|
| |
715.20 |
|
| |
1.08 |
|
| June 1, 2026 |
| |
59 |
|
| |
1,689.60 |
|
| |
1.92 |
|
| August 19, 2026 |
| |
761 |
|
| |
1,008.00 |
|
| |
2.14 |
|
| August 17, 2027 |
| |
1,504 |
|
| |
96.00 |
|
| |
3.13 |
|
| September 20, 2027 |
| |
140 |
|
| |
55.20 |
|
| |
3.22 |
|
| February 13, 2028 |
| |
11,531 |
|
| |
14.40 |
|
| |
3.62 |
|
| |
| |
15,130 |
|
| |
146.03 |
|
| |
3.27 |
|
|
| 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
– June 30, 2024 |
|
|
896,645 |
|
|
|
32.36 |
|
|
| 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:
| |
|
June 30,
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 |
|
|
$4.69 |
|
|
| Schedule of Share Purchase Warrants Outstanding |
At June 30, 2024, the Company had share
purchase warrants outstanding as follows: | Expiration Date |
|
Warrants Outstanding
|
|
|
Exercise Price
|
|
| Weighted
Average
Remaining
Life |
|
| |
| |
|
| ($) |
|
| (years) |
|
| January 20, 2026 |
| |
7,030 |
|
| |
1,800.00 |
|
| |
1.56 |
|
| February 28, 2027 |
| |
20,689 |
|
| |
460.80 |
|
| |
2.67 |
|
| December 6, 2027 |
| |
13,781 |
|
| |
20.00 |
|
| |
3.43 |
|
| December 9, 2027 |
| |
9,876 |
|
| |
17.60 |
|
| |
3.44 |
|
| January 18, 2028 |
| |
25,906 |
|
| |
124.80 |
|
| |
3.55 |
|
| February 2, 2028 |
| |
10,938 |
|
| |
14.40 |
|
| |
3.60 |
|
| October 17, 2028 |
| |
783,968 |
|
| |
3.68 |
|
| |
4.30 |
|
| October 17, 2028 |
| |
24,457 |
|
| |
4.05 |
|
| |
4.30 |
|
| |
| |
896,645 |
|
| |
32.36 |
|
| |
4.19 |
|
|