v3.26.1
Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

20. Subsequent Events

The Company's management has evaluated subsequent events up to the date the condensed consolidated financial statements were issued, pursuant to the requirements of ASC 855 and has determined the following to be material subsequent events:

(a) On March 3, 2026, the mortgage disclosed under long-term debt, note 9(a) iii, in the amount of $1,459,200 (C$2,000,000) was assumed in an assignment by private lenders in the amount of $1,545,118 (C$2,117,760), including unpaid interest and other costs.

(b) On March 9, 2026, the Company re-listed the Hamilton Facility for sale for a price of $9,120,000 (C$12,500,000).

(c) On March 10, 2026, the Company's Belleville Facility and the CEO each received a summons from the Court, served by a representative of the MECP relating to the outstanding financial assurance. The financial assurance is due on or before July 15, 2026. In addition, there is also a court date scheduled for August 31, 2026.

(d) On March 16, 2026, the Company signed an extension to the arrangement with Gillam for their outstanding mortgage, to August 15, 2026. The terms and conditions are otherwise unchanged. The Company intends to settle this outstanding mortgage on the sale of the Hamilton Facility.

(e) On June 30, 2026, the Company sold the Hamilton Facility for $7,843,200 (C$10,750,000). In connection with this sale, the Company settled claims and outstanding amounts as agreed to with Gillam and settled mortgages on the Hamilton Facility as agreed to by the private mortgagees.

(f) On June 30, 2026, in connection with the above sale, the Company issued a cheque which was certified on July 2, 2026, for a cash deposit financial assurance to the MECP in the amount of $105,090 (C$146,487). The certified cheque will be delivered to the Client Services & Permissions Branch (CSPB) located in Toronto, Ontario , Canada, once agreed to with the MECP. In addition, the Company issued a certified cheque in the amount of $93,291 (C$130,040) to pay for an assessment from the Corporation of the County of Hastings, located in Hastings County, Ontario, Canada.