v3.26.1
Financial Instruments
12 Months Ended
Dec. 31, 2025
Financial Instruments [Abstract]  
Financial Instruments
21. Financial Instruments

 

Determination of Fair Values

 

IFRS 13, Fair Value Measurement, establishes a fair value hierarchy that reflects the significance of the inputs used in measuring fair value. The fair value hierarchy has the following levels:

 

Level 1 — Quoted prices in active markets for identical assets or liabilities;

 

Level 2 — Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable;

 

Level 3 — Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions market participants would use in pricing.

 

A number of the Company’s accounting policies and disclosures require the determination of fair value, for both financial and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure purposes based on the following models. When applicable, further information about the assumptions made in determining fair values is disclosed in the notes specific to that asset or liability.

 

The following is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments as at December 31, 2025 and 2024:

 

      December 31, 2025   December 31, 2024 
Financial assets  Level  Carrying
amount
   Fair value   Carrying
amount
   Fair value 
Financial assets measured at amortised cost:                   
Cash and cash held in trust  1  $504,136   $504,136   $3,841,866   $3,841,866 
Trade and other receivables  2   1,399,977    1,399,977    370,537    370,537 
Loan receivable  2   
    
    955,022    955,022 
                        
Financial liabilities                       
Financial liabilities measure at amortised cost:                       
Trade and other payables  2   3,309,037    3,309,037    2,982,499    2,982,499 
Loans and borrowings  2   1,006,920    1,006,920    352,814    352,814 
Secured promissory notes  2   7,633,966    7,633,966    
    
 
Lease liabilities  2   396,121    396,121    
    
 
Due to related parties  2   640,546    640,546    302,232    302,232 
                        
Financial liabilities measure at FVTPL:                       
Convertible promissory notes  2   1,055,420    1,055,420    
    
 
Secured convertible debenture  2   4,143,982    4,143,982