v3.26.1
Share Capital and Additional Paid in Capital Authorized (Tables)
12 Months Ended
Dec. 31, 2025
Share Capital And Additional Paid In Capital Authorized [Abstract]  
Summary of Warrant Activity

The following is a summary of share purchase warrants activities during the years ended December 31, 2025 and 2024:

 

 

Number of Share Purchase Warrants

 

 

Weighted Average Exercise Price

 

Outstanding January 1, 2024

 

 

22,571,471

 

 

$

1.22

 

Issued

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Expired

 

 

(4,838,707

)

 

 

1.24

 

Outstanding December 31, 2024

 

 

17,732,764

 

 

$

1.21

 

Issued

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

Expired

 

 

 

 

 

 

Outstanding December 31, 2025

 

 

17,732,764

 

 

$

1.21

 

Schedule of Purchase Warrants Outstanding and Exercisable

As of December 31, 2025, the following share purchase warrants were outstanding and exercisable:

 

Outstanding

 

 

Exercise Price

 

Remaining life
(years)

 

 

Expiry Date

 

7,537,313

 

 

$1.50

 

 

0.33

 

 

April 29, 2026

 

10,195,451

 

 

$1.00

 

 

4.50

 

 

Jun 30, 2030

 

17,732,764

 

 

 

 

 

 

 

 

 

As of December 31, 2024, the following share purchase warrants were outstanding and exercisable:

 

Outstanding

 

 

Exercise Price

 

Remaining life
(years)

 

 

Expiry Date

 

7,537,313

 

 

$1.50

 

 

1.33

 

 

April 29, 2026

 

10,195,451

 

 

$1.00

 

 

5.50

 

 

June 30, 2030

 

17,732,764

 

 

 

 

 

 

 

 

Summary of Stock Option Activities

The following is a summary of stock option activities for the years ended December 31, 2025 and 2024:

 

 

Number of stock
options

 

 

Weighted average
exercise price

 

 

Weighted average
grant date
fair value

 

Outstanding January 1, 2024

 

 

470,668

 

 

$

0.25

 

 

$

0.29

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(224,001

)

 

 

0.37

 

 

 

0.36

 

Outstanding December 31, 2024

 

 

246,667

 

 

$

0.25

 

 

$

0.25

 

Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

(246,667

)

 

 

0.25

 

 

 

0.25

 

Forfeited

 

 

 

 

 

 

 

 

 

Outstanding December 31, 2025

 

 

 

 

$

-

 

 

$

-

 

Summary of Stock Options Outstanding and Exercisable

As of December 31, 2024, the following stock options were outstanding and exercisable:

 

Outstanding

 

 

Exercisable

 

 

Exercise Price

 

 

Remaining life (years)

 

 

Expiry Date

 

246,667

 

 

 

246,667

 

 

$

0.25

 

 

 

 

 

June 23, 2025

 

246,667

 

 

 

246,667

 

 

 

 

 

 

 

 

 

Summary of RSU Activities

The following is a summary of RSU activities for the years ended December 31, 2025 and 2024:

 

 

Number of RSUs

 

 

Weighted average grant date fair value per RSU

 

Outstanding January 1, 2024

 

 

5,039,603

 

 

$

0.98

 

Granted

 

 

4,010,000

 

 

 

0.52

 

Vested

 

 

(2,080,648

)

 

 

1.01

 

Forfeited

 

 

(1,700,582

)

 

 

0.92

 

Outstanding December 31, 2024

 

 

5,268,373

 

 

$

0.65

 

Granted

 

 

5,211,597

 

 

 

0.67

 

Vested

 

 

(3,134,210

)

 

 

0.64

 

Forfeited

 

 

(1,192,723

)

 

 

0.63

 

Outstanding December 31, 2025

 

 

6,153,037

 

 

$

0.68