SHARE CAPITAL (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Share Capital |
|
| SCHEDULE OF INFORMATION ABOUT CLASSES OF SHARE CAPITAL |
SCHEDULE OF INFORMATION ABOUT CLASSES OF SHARE CAPITAL
| | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
Number | | |
Number | |
| | |
of shares | | |
of shares | |
| Authorized: | |
| | |
| |
| Preferred shares, no par value | |
| 50,000,000 | | |
| 50,000,000 | |
| Class A Ordinary shares, no par value | |
| 200,000,000 | | |
| 200,000,000 | |
| Class B Ordinary shares, no par value | |
| 50,000,000 | | |
| 50,000,000 | |
| | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
Number | | |
Number | |
| | |
of shares | | |
of shares | |
| Issued: | |
| 952,079 | | |
| 82,087 | |
| Outstanding and fully paid: | |
| | | |
| | |
| Ordinary shares, no par value | |
| | | |
| | |
| At January 1 | |
| 82,087 | | |
| 20,933 | |
| Issuance of new shares for equity financing | |
| 526,090 | | |
| 26,562 | |
| Warrants exercised and buy-back | |
| 36,402 | | |
| - | |
| Note conversion into shares | |
| 178,104 | | |
| 1,772 | |
| Equity compensation | |
| 130,185 | | |
| 32,820 | |
| At December 31 | |
| 952,868 | | |
| 82,087 | |
|
| SCHEDULE OF PRINCIPAL ASSUMPTIONS USED IN VALUATION |
SCHEDULE OF PRINCIPAL ASSUMPTIONS USED IN VALUATION
| Grant date (investors and placement agent, respectively) |
|
February 17, 2021 |
|
| Share price at date of grant (investors and placement agent, respectively) |
|
US$ |
4.45 |
|
| Exercise price at date of grant (investors and placement agent, respectively) |
|
US$ |
3.57 & 4.46 |
|
| Volatility |
|
|
107 |
% |
| Warrant life |
|
|
5 years |
|
| Dividend yield |
|
|
0 |
% |
| Risk-free interest rate |
|
|
0.57 |
% |
| Average fair value at grant date |
|
US$ |
3.54 |
|
| |
|
|
|
| Grant date (investors and placement agent, respectively) |
|
June 14, 2021 |
|
| Share price at date of grant (investors and placement agent, respectively) |
|
US$ |
3.15 |
|
| Exercise price at date of grant (investors and placement agent, respectively) |
|
US$ |
3.42 & 4.35 |
|
| Volatility |
|
|
115 |
% |
| Warrant life |
|
|
5 years |
|
| Dividend yield |
|
|
0 |
% |
| Risk-free interest rate |
|
|
0.80 |
% |
| Average fair value at grant date |
|
US$ |
2.50 |
|
| |
|
|
|
| Grant date (investors and placement agent, respectively) |
|
October 4, 2022 |
|
| Share price at date of grant (investors and placement agent, respectively) |
|
US$ |
0.58 |
|
| Exercise price at date of grant (investors and placement agent, respectively) |
|
US$ |
0.82 & 0.75 |
|
| Volatility |
|
|
104 |
% |
| Warrant life |
|
|
5 years |
|
| Dividend yield |
|
|
0 |
% |
| Risk-free interest rate |
|
|
3.96 |
% |
| Average fair value at grant date |
|
US$ |
0.43 |
|
|
| SCHEDULE OF SUMMARY OF THE WARRANT ACTIVITY |
Following is
a summary of the warrant activity (post-reverse stock split effective on April 3, 2025) for the years ended December 31, 2024 and 2023:
SCHEDULE OF SUMMARY OF THE WARRANT ACTIVITY
| | |
| | |
| | |
Weighted | |
| | |
| | |
| | |
Average | |
| | |
| | |
| | |
Remaining | |
| | |
| | |
Average | | |
Contractual | |
| | |
Number of | | |
Exercise | | |
Term in | |
| | |
Warrants | | |
Price | | |
Years | |
| Outstanding at January 1, 2023 | |
| 9,254 | | |
$ | 868.00 | | |
| 4.02 | |
| Exercisable at January 1, 2023 | |
| 9,254 | | |
$ | 868.00 | | |
| 4.02 | |
| Granted | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | |
| Forfeited | |
| — | | |
| — | | |
| — | |
| Expired | |
| 180 | | |
| 1,524 | | |
| — | |
| Outstanding at December 31, 2023 | |
| 9,074 | | |
| 852.80 | | |
| 2.24 | |
| Exercisable at December 31, 2023 | |
| 9,074 | | |
| 852.80 | | |
| 2.24 | |
| Granted | |
| 32,500 | | |
| 44.00 | | |
| — | |
| Exercised | |
| 35,271 | | |
| 42.00 | | |
| — | |
| Warrants buy-back | |
| 5,051 | | |
| | | |
| | |
| Forfeited | |
| — | | |
| — | | |
| — | |
| Expired | |
| — | | |
| — | | |
| — | |
| Outstanding at December 31, 2024 | |
| 1,252 | | |
$ | 1,391.60 | | |
| 1.24 | |
| Exercisable at December 31, 2024 | |
| 1,252 | | |
$ | 1,391.60 | | |
| 1.24 | |
|