v3.26.1
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:

 

   Amount 
Balance, December 31, 2023  $102,284 
Change in fair value   (84,449)
Foreign exchange   (3,521)
Balance, December 31, 2024  $14,314 
Change in fair value   (13,233)
Foreign exchange   112 
Balance, December 31, 2025  $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:

 

   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:

 

   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:

 

       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:

 

       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   -   $-