Warrants (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Class of Warrant or Right [Line Items] |
|
| Schedule of changes in value of warrant liability |
The
following is a summary of changes in the value of the warrant liability (CAD exercise price) during the years ended December 31,
2025 and 2024:
Schedule of changes in value of warrant liability
| | |
Amount | |
| Balance, December 31, 2023 | |
$ | 102,284 | |
| Change in fair value | |
| (84,449 | ) |
| Foreign exchange | |
| (3,521 | ) |
| Balance, December 31, 2024 | |
$ | 14,314 | |
| Balance | |
$ | 14,314 | |
| Change in fair value | |
| (13,233 | ) |
| Foreign exchange | |
| 112 | |
| Balance, December 31, 2025 | |
$ | 1,193 | |
| Balance | |
$ | 1,193 | |
|
| Schedule of assumptions fair value of warrant liability |
The
following assumptions were used to determine the fair value of the warrant liability (CAD exercise price) using the Black-Scholes
option pricing model:
Schedule of assumptions fair value of warrant liability
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Share price | |
| CAD$0.53
| | |
| CAD$1.19
| |
| Term, in years | |
| 1.75 | | |
| 2.75 | |
| Exercise price | |
| CAD$9.68 | | |
| CAD$9.68 | |
| Expected volatility | |
| 100.00 | % | |
| 100.00 | % |
| Risk-free interest rate | |
| 2.59 | % | |
| 2.85 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
|
| Summary of changes in value of warrant liability |
The
following is a summary of changes in the value of the warrant liability (USD exercise price) during the years ended December 31, 2025
and 2024:
Summary
of changes in value of warrant liability
| | |
Amount | |
| Balance, December 31, 2024 | |
$ | - | |
| Reclass equity classified warrants to warrant liability | |
| 9,059,762 | |
| Change in fair value | |
| (7,434,123 | ) |
| Balance, December 31, 2025 | |
$ | 1,625,639 | |
|
| Schedule of assumptions to determine fair value of warrant liability |
The
following assumptions were used to determine the fair value of the warrant liability (USD exercise price) using the Black-Scholes option
pricing model:
Schedule
of assumptions to determine fair value of warrant liability
| | |
December 31, 2025 | | |
July 18, 2025 | |
| Share price | |
$ | 0.385 | | |
$ | 1.52 | |
| Term, in years | |
| 1.55-4.55 | | |
| 2.00-5.00 | |
| Exercise price | |
| $1.00-$87.85 | | |
| $1.00-$87.85 | |
| Expected volatility | |
| 110.33%-116.75 | % | |
| 108.9%-119.11 | % |
| Risk-free interest rate | |
| 2.55%-2.90 | % | |
| 2.82%-3.10 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
|
| Summary of liability-classified warrants outstanding |
The
following is a summary of liability-classified warrants outstanding (USD exercise price) as of December 31, 2025 and 2024, and changes
during the years then ended:
Summary
of liability-classified warrants outstanding
| | |
| | |
Weighted-average | |
| | |
Number of | | |
exercise price | |
| | |
warrants | | |
(USD) | |
| Outstanding, December 31, 2024 | |
| - | | |
$ | - | |
| Reclass equity classified warrants to warrant liability | |
| 8,439,638 | | |
| 9.54 | |
| Outstanding, December 31, 2025 | |
| 8,439,638 | | |
$ | 9.54 | |
|
| Liability-classified Warrants [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| Schedule of warrants outstanding |
The
following is a summary of liability-classified warrants outstanding (CAD exercise price) as of December 31, 2025 and 2024, and
changes during the years then ended:
Schedule of warrants outstanding
| | |
| | |
Weighted-average | |
| | |
Number of | | |
exercise price | |
| | |
warrants | | |
(CAD) | |
| Outstanding, December 31, 2023 | |
| 757,911 | | |
$ | 22.61 | |
| Warrants expired | |
| (633,981 | ) | |
| 25.14 | |
| Outstanding, December 31, 2024 and December 31, 2025 | |
| 123,930 | | |
$ | 9.68 | |
|
| Equity-classified Warrants [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| Schedule of warrants outstanding |
The
following is a summary of equity-classified warrants outstanding as of December 31, 2025 and 2024, and changes during the years then ended:
Schedule of warrants outstanding
| | |
| | |
Weighted-average | |
| | |
Number of | | |
exercise price | |
| | |
warrants | | |
(USD) | |
| Outstanding, December 31, 2023 | |
| 877,891 | | |
$ | 60.00 | |
| Warrants expired | |
| (877,891 | ) | |
| 60.00 | |
| PIPE Financing | |
| 1,079,136 | | |
| 1.55 | |
| Acquisition of FaZe | |
| 775,415 | | |
| 87.85 | |
| Outstanding, December 31, 2024 | |
| 1,854,551 | | |
$ | 37.63 | |
| Registered offerings - Underwriter warrants | |
| 5,985,087 | | |
| 1.69 | |
| Issuance for services | |
| 600,000 | | |
| 1.00 | |
| Reclass equity classifed warrants to warrant liability | |
| (8,439,638 | ) | |
| 9.54 | |
| Outstanding, December 31, 2025 | |
| - | | |
$ | - | |
|