v3.25.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 79,886 $ 610,461
Cost of Sales    
Opening inventory 0 58,695
Total cost of sales 1,292,826 2,169,025
Less: closing inventory 0 0
Total cost of sales 1,292,826 2,169,025
Gross loss (1,212,940) (1,558,564)
Operating expenses    
Management compensation-stock- based compensation 216,000 230,400
Management compensation-fees 547,650 466,830
Professional Fees 682,965 580,596
Marketing 501 122,978
Interest expense 1,214,288 830,797
Office and administration 312,216 508,144
Rent and occupancy 240,643 212,521
Insurance 42,988 43,034
Filing fees 34,520 42,490
Amortization of financing costs 165,878 115,175
Repairs and maintenance 709 22,771
Director compensation 68,456 71,579
Stock-based compensation 0 795,297
Foreign exchange loss 1,168,768 (325,364)
Total operating expenses 4,695,582 3,717,248
Net Loss from Continued Operations Before Other Expenses (5,908,522) (5,275,812)
Other Expenses (386,248) (2,949,522)
Net Loss from Continued Operations (6,294,770) (8,225,334)
Net Loss from Assets Held for Sale (1,564,401) 0
Net Loss (7,859,171) (8,225,334)
Other comprehensive loss    
Foreign exchange income (loss) 1,905,222 (427,519)
Comprehensive loss $ (5,953,949) $ (8,652,853)
Net loss per share-basic from continuing operations and from assets held for sale $ (0.06) $ (0.07)
Net loss per share- diluted from continuing operations and from assets held for sale $ (0.06) $ (0.07)
Weighted average number of common shares outstanding- basic (in shares) 126,975,736 121,529,659
Weighted average number of common shares outstanding- diluted (in shares) 126,975,736 121,529,659
Depreciation [Member]    
Cost of Sales    
Total cost of sales $ 290,866 $ 383,418
Direct wages and benefits [Member]    
Cost of Sales    
Total cost of sales 72,928 129,319
Equipment rental, delivery, fuel and repairs and maintenance [Member]    
Cost of Sales    
Total cost of sales 923,610 1,467,501
Utilities [Member]    
Cost of Sales    
Total cost of sales 311 115,331
Outside contractors [Member]    
Cost of Sales    
Total cost of sales $ 5,111 $ 14,761