Capital Stock |
12 Months Ended |
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Dec. 31, 2024 | |
Equity [Abstract] | |
Capital Stock [Text Block] |
14. Capital Stock As at December 31, 2024, the Company had 150,000,000 common shares authorized with a par value of $.0001 per share and 131,332,019 (December 31, 2023-125,272,975) common shares issued and outstanding. For the year ended December 31, 2024, the Company issued nil (2023-1,650,709) common shares on the conversion of a convertible promissory note having a fair value on conversion in the amount of $nil (December 31, 2023-$374,000) at conversion prices ranging from $nil to $nil (December 31, 2023-$0.1294 to $0.3400) per share. This resulted in a loss on conversion of $nil (December 31, 2023-$74,359) disclosed under other expenses, note 16. In addition, the Company raised $120,000 (C$172,662) (December 31, 2023-$380,971), on a private placement for 6,000,000 (December 31, 2023-1,536,582) common shares at a price of $0.02 (December 31, 2023-prices ranging from $0.2047 to $0.3250) per share, including a private placement to an independent director in the prior year. Further, nil (December 31, 2023-1,790,000) common shares of the Company were issued for professional services valued at $nil (December 31, 2023-$396,895), based on the closing trading prices on the effective dates of the consulting agreements. This amounts are included in the amount disclosed as stock-based compensation in the consolidated statements of operations and comprehensive loss. During the year ended December 31, 2024, Travellers converted $101,130 (C$135,600) (December 31, 2023-$579,001; C$779,383 in outstanding accounts payable and loans) in outstanding accounts payable for 809,044 (December 31, 2023-2,911,852) common shares of the Company, based on closing trading prices on the day prior to each conversion. In addition, two shareholders provided $1,500 each to assist in funding certain outstanding accounts. During the prior year, on January 3, 2023, the Company issued 3,000,000 common shares to the CEO and 100,000 common shares to the CFO in connection with their executive consulting agreements, valued at $446,400, based on the closing trading price on the effective date of their executive consulting agreements. Included under management stock-based compensation in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2024 is an amount of $216,000 (2023-$230,400). Also, during the prior year, the Company issued 500,000 common shares on proceeds previously received. Furthermore, during the prior year, on January 3, 2023, the Company issued 20,000 common shares to an employee valued at $2,880 based on the closing trading price on the date of issuance. Also, 100,000 common shares were issued on March 1, 2023 to a new director appointed on February 18, 2023, valued at $21,000, based on the closing trading price on the date appointed. Both amounts are disclosed as stock-based compensation in the consolidated statements of operations and comprehensive loss. In addition, the Company issued 225,000 common shares for other services relating to satisfying certain outstanding interest expenses on a 1st mortgage, valued at $34,124 (C$45,000) based on the closing trading price on issuance. As at December 31, 2022, the Company recorded a balance of $nil for 750,000 shares to be issued relating to a consulting agreement, of which 750,000 were issued on January 27, 2023, valued on the effective dates stipulated in the consulting agreement). On December 31, 2023, the Company cancelled the balance of $60,100, relating to 250,000 which were to be issued relating to a consulting agreement with a Tradigital Marketing Group ("Tradigital") for professional services, valued on the effective dates stipulated in the consulting agreement. The shares were cancelled based on an arbitrator's decision made on April 26, 2024, to a claim filed against the Company by Tradigital. Refer also to legal proceedings, note 21. These professional services are included under stock-based compensation in the consolidated statements of operations and comprehensive loss. |