v3.26.1
Share capital (Tables)
 12 Months Ended
Dec. 31, 2025
Share Capital  
Schedule of share capital issued

 

   December 31, 2025   December 31, 2024 
   Number of      Number of    
Class A common shares  Shares   Amount   Shares   Amount 
                 
Balance, beginning of year:   53,618,357   $213,528    41,535,755   $209,296 
Private placement   15,086,208    29,345    7,466,568    2,445 
Issuance costs   -    (3,549)   329,899    (254)
Exercise of warrants   3,733,099    3,120    4,286,135    2,041 
Balance, end of year:   72,437,664   $242,444    53,618,357   $213,528 
Schedule of contributed surplus

 

   December 31,   December 31, 
   2025   2024 
         
Balance, beginning of year  $28,009   $26,985 
Share-based compensation   273    487 
Issuance costs   -    103 
Exercise of warrants   -    434 
RSU and options surrenders   (1,780)   - 
           
Balance, end of year  $26,502   $28,009 
Schedule of earnings (loss) per share

The following table summarizes the calculation of the weighted average number of basic and diluted common shares:

 

   2025   2024 
         
Issued Common Shares at beginning of year   53,618,357    41,535,755 
           
Effect of shares issued from private placement   7,167,164    3,404,435 
Effect of shares issued from warrant exercises   1,012,939    1,022,776 
           
Weighted average number of basic Common Shares   61,798,460    45,962,966 
           
Effect of share options outstanding   -    388,722 
Effect of RSUs outstanding   -    2,520,355 
Effect of warrants outstanding   -    1,652,761 
           
Weighted average number of diluted Common Shares   61,798,460    50,524,804 
Schedule of share options outstanding

The following tables summarize information regarding share options outstanding:

 

   December 31, 2025   December 31, 2024 
       Weighted       Weighted 
   Number of   average   Number of   average 
   shares   exercise   shares   exercise 
   under option   price (CDN)   under option   price (CDN) 
                 
Options outstanding, beginning of year   699,442   $0.72    794,443   $0.72 
Expired   -    -    (95,001)   0.70 
Surrender   (699,442)   0.72    -    - 
                     
Options outstanding, end of year   -   $-    699,442   $0.72 
                     
Options exercisable, end of year   -   $-    699,442   $0.72 
Schedule of RSUs outstanding

The following tables summarize information regarding RSUs outstanding:

 

   December 31,   December 31, 
   2025   2024 
   Number of   Number of 
   RSUs   RSUs 
         
RSUs outstanding, beginning of year   3,779,623    3,779,623 
Issued   502,658    100,000 
Forfeitures   -    (100,000)
Surrenders   (609,866)   - 
           
RSUs outstanding, end of year   3,672,415    3,779,623 
Schedule of share based compensation

Non-cash compensation expense has been included in operating costs with respect to the share options, RSUs and shares granted to employees and non-employees as follows:

 

For the twelve months ended December 31,  2025   2024 
         
Employees  $123   $254 
Directors and advisors   150    144 
Non-cash compensation  $273   $398