WARRANTS

3 Months Ended

Mar. 31, 2025

14. WARRANTS

The following table summarizes the warrants outstanding for the three months ended March 31, 2025:

SCHEDULE OF WARRANTS OUTSTANDING

	Warrants Outstanding			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value

BALANCE, DECEMBER 31, 2024		227,547		$	10.08	$	4.76		0.97	$	598,993

Granted		7,692			11.00		8.55		3.95		15,384
Exercised		(62,500	)		9.52		3.84		-		-

BALANCE, MARCH 31, 2025		172,739		$	10.32	$	5.26		1.15	$	462,866

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $13.00 for the Company’s common shares on March 31, 2025 and the closing stock price of $12.71 for the Company’s common shares on December 31, 2024.