v3.26.1
WARRANTS
3 Months Ended
Mar. 31, 2026
Warrants  
WARRANTS

13. WARRANTS

 

A related party cancelled warrants outstanding during 2024. All warrants outstanding on December 31, 2025 and December 31, 2024, have strike prices denominated in USD and met the criteria of equity instruments, therefore no derivative accounting necessary to determine a fair value. The following table summarizes changes in warrant outstanding in each period:

 

   March 31, 2026   December 31, 2025 
Outstanding at beginning of year   7,437,500    4,687,500 
Issuances   -    2,750,000 
Cancellations   -    - 
Expirations   -    - 
Outstanding at end of period   7,437,500    7,437,500 
Weighted Average Price  $0.65   $0.52 
Weighted Average Remaining Years Outstanding   0.41    0.66