Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net loss $ (972,013) $ (3,530,376)
Adjustments to reconcile net loss to cash used in operating activities:    
Amortization 1,688
Share-based compensation 408,952 160,865
Changes in operating assets and liabilities:    
Receivables 17,468
Contract assets (1,166,000)
Prepaids 268,600 (610,461)
Deferred revenue (33,885)
Accounts payable and accrued liabilities (23,806) (260,644)
Cash flows used in operating activities (1,484,267) (4,255,345)
INVESTING ACTIVITIES    
Purchase of intangible assets (300,000)
Cash flows used in investing activities (300,000)
Effect of exchange rates on cash and cash equivalents 123,981 37,586
Change in cash during the period (1,660,286) (4,217,759)
Cash - Beginning of period 3,065,914 4,689,007
Cash - End of period $ 1,405,628 $ 471,248