| Loss per Share |
12.
Loss per Share
Potentially
dilutive securities include convertible debentures payable, warrants, broker options, stock options, and unvested RSU. Diluted income
per share reflects the assumed exercise or conversion of all dilutive securities using the treasury stock method.
Schedule
of Income Per Share
| | |
Year ended
December 31, 2025 | | |
Year ended
December 31, 2024 | |
| Net loss for the year | |
| (93,132,015 | ) | |
| (25,341,623 | ) |
| | |
| | | |
| | |
| Basic loss per share Weighted average number of shares of common stock - basic | |
| 22,747,234 | | |
| 9,721,282 | |
| Net loss per share – basic | |
| (4.09 | ) | |
| (2.61 | ) |
| Net loss for the year | |
| (93,132,015 | ) | |
| (25,341,623 | ) |
| Dilutive effect of convertible debentures | |
| - | | |
| - | |
| Dilutive effect of warrants on net income | |
| - | | |
| - | |
| Diluted net loss for the year | |
| (93,132,015 | ) | |
| (25,341,623 | ) |
| Weighted average number of shares of common stock - basic | |
| 22,747,234 | | |
| 9,721,282 | |
| Diluted effect: | |
| | | |
| | |
| Stock options and RSUs | |
| - | | |
| - | |
| Weighted average number of shares of common stock - fully diluted | |
| 22,747,234 | | |
| 9,721,282 | |
| Net loss per share - fully diluted | |
| (4.09 | ) | |
| (2.61 | ) |
|