v3.26.1
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS
12 Months Ended
Dec. 31, 2025
Disclosure of analysis of single amount of discontinued operations [Abstract]  
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS [Text Block]

16.  ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

During the year ended December 31, 2024, the Company ceased operations of its KXI HD control system (within its wholly-owned subsidiary, KIQ X Industries ("KIQ X"). Management determined the operations of KIQ X to have met the definition of discontinued operations in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Consequently, the operations of KIQ X have been classified separately from the Company's continuing operations to show a loss from discontinued operations as a single line in the consolidated statements of operations and comprehensive income loss.

As a result of ceasing operations within KIQ X, indicators of impairment existed leading to a test of the recoverable amount of the KIQ X cash-generating unit, which consists of equipment, prototypes and intangible assets. A value-in-use calculation is not applicable as the Company does not have any expected cash flows from using the assets at this stage. In estimating the fair value less costs of disposal, management estimated a recoverable amount of $Nil representing no pending sale transactions as at December 31, 2025 compared to $89,719 at December 31, 2024. As this valuation technique requires management's judgment and estimates of the recoverable amount, it is classified within Level 3 of the fair value hierarchy. There were no instruments transferred in or out of Level 3 during the fiscal year ended December 31, 2025.

For the twelve months ended December 31, 2025, 2024, and 2023 the loss from discontinued operations relate to the following:

                   
    2025     2024    

2023

 
                   
Expenses                  
Consulting and filing fees   2,500     109,489     155,692  
Accounting and legal   18,125     78,529     98,247  
Office and administration   22,258     493,199     402,317  
Research   -     986,307     594,870  
Travel   -     9,753     23,985  
Marketing   -     62,611     82,274  
Foreign exchange loss (gain)   25,575     (55,360 )   85,468  
Amortization   81,569     115,227     75,576  
    150,027     1,799,755     1,518,429  
                   
Income (Loss) before the following   (150,027 )   (1,799,755 )   (1,518,429 )
Termination settlement               465,360  
Sale of PP&E / Gain on sublease   50,267     (1,807 )   -  
Impairment of prototypes and intangibles         1,171,494     -  
                   
                   
Net Income (Loss) from Discontinued Operations   (99,760 )   (2,969,442 )   (1,983,789 )
                   
Cash flows                  
Operating activities   (173,587 )   (581,933 )   (1,306,561 )
Investing activities   114,269     (746,761 )   (846,832 )
Financing activities   (42,958 )   (106,099 )   (130,081 )
Cash flows used in discontinued operations   (102,276 )   (1,434,793 )   (2,283,474 )