Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Equity [Abstract] |
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| Schedule of Fair Value Determined Using Block-Scholes Model |
The modification and new warrants fair value was determined using a Black-Scholes Model with the following inputs and results: | | | Original Terms | | | Amended Terms | | | New Warrants | | | Grant Date | | | 17-Jun-25 | | | | 17-Jun-25 | | | | 17-Jun-25 | | | Expiry | | | 14-Dec-26 | | | | 14-Dec-29 | | | | 17-Jun-28 | | | | | | | | | | | | | | | | | Input Data | | | | | | | | | | | | | | Current Stock Price | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | Exercise Price | | $ | 1.00 | | | $ | 1.00 | | | $ | 5.05 | | | Term of Warrants | | | 1.49 | | | | 4.50 | | | | 3.00 | | | Risk-Free Interest Rate | | | 2.71 | % | | | 2.96 | % | | | 2.73 | % | | Volatility | | | 150.00 | % | | | 150.00 | % | | | 150.00 | % | | | | | | | | | | | | | | | | Fair Value of Option | | $ | 1.5212 | | | $ | 1.8554 | | | $ | 1.4278 | | | Modification benefit | | | | | | $ | 0.3342 | | | | | | | Number of warrants | | | | | | | 1,458,833 | | | | 1,188,000 | | | Value | | | | | | $ | 487,567 | | | $ | 1,696,183 | | The modification and new warrants fair value was determined using a Black-Scholes Model with the following inputs and results: | | | Original Terms | | | Amended Terms | | | New Warrants | | | Grant Date | | | 15-Jul-25 | | | | 15-Jul-25 | | | | 15-Jul-25 | | | Expiry | | | 14-Dec-26 | | | | 14-Dec-29 | | | | 15-Jul-28 | | | | | | | | | | | | | | | | | Input Data | | | | | | | | | | | | | | Current Stock Price | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | Exercise Price | | $ | 1.00 | | | $ | 1.00 | | | $ | 5.05 | | | Term of Warrants | | | 1.42 | | | | 4.42 | | | | 3.00 | | | Risk-Free Interest Rate | | | 2.83 | % | | | 3.08 | % | | | 2.84 | % | | Volatility | | | 150.00 | % | | | 150.00 | % | | | 150.00 | % | | | | | | | | | | | | | | | | Fair Value of Option | | $ | 1.5050 | | | $ | 1.8517 | | | $ | 1.4286 | | | Modification benefit | | | | | | $ | 0.3467 | | | | | | | Number of warrants | | | | | | | 114,667 | | | | 81,000 | | | Value | | | | | | $ | 39,761 | | | $ | 115,714 | | The modification fair value was determined using a Black-Scholes Model with the following inputs and results: | | | Original Terms | | | Amended Terms | | | Grant Date | | | 23-May-25 | | | | 23-May-25 | | | Expiry | | | 14-Dec-26 | | | | 14-Dec-29 | | | | | | | | | | | | | Input Data | | | | | | | | | | Current Stock Price | | $ | 2.00 | | | $ | 2.00 | | | Exercise Price | | $ | 1.00 | | | $ | 1.00 | | | Term of Warrants | | | 1.56 | | | | 4.56 | | | Risk-Free Interest Rate | | | 2.69 | % | | | 2.93 | % | | Volatility | | | 150.00 | % | | | 150.00 | % | | | | | | | | | | | | Fair Value of Option | | $ | 1.5355 | | | $ | 1.8589 | | | Modification benefit | | | | | | $ | 0.3235 | | | Warrants | | | | | | | 300,000 | | | Share-based compensation | | | | | | $ | 97,035 | |
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| Schedule of Warrants |
| | | Number of Warrants | | | Weighted Average Exercise Price | | | Weighted Average Remaining Life | | | Outstanding warrants, December 31, 2024 (i) | | | 2,000,500 | | | $ | 1.00 | | | | 4.46 | | | Exercised | | | (396,000 | ) | | $ | 1.00 | | | | 1.50 | | | Warrants – issued in units subscription | | | 70,000 | | | $ | 5.05 | | | | 2.55 | | | Warrants – issued as inducement | | | 1,188,000 | | | $ | 5.05 | | | | 2.97 | | | Outstanding warrants, June 30, 2025 | | | 2,862,500 | | | | 2.72 | | | | 3.54 | | | Exercised | | | (27,000 | ) | | $ | 1.00 | | | | 0.46 | | | Warrants – issued as inducement | | | 81,000 | | | $ | 5.05 | | | | 2.04 | | | Outstanding warrants, December 31, 2025 and June 30, 2026 | | | 2,916,500 | | | | 2.86 | | | | 2.66 | |
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| Schedule of Warrants Expiry |
| | | | | | | | | Weighted | | | | | | | | | | | Average | | | Expiry | | Number of Warrants | | | Exercise Price | | | Remaining Life | | | December 14, 2026 | | | 100,000 | | | $ | 1.00 | | | | 0.46 | | | December 14, 2029 | | | 1,477,500 | | | $ | 1.00 | | | | 3.46 | | | January 15, 2028 | | | 70,000 | | | $ | 5.05 | | | | 1.55 | | | June 17, 2028 | | | 1,188,000 | | | $ | 5.05 | | | | 1.97 | | | July 15, 2028 | | | 81,000 | | | $ | 5.05 | | | | 2.04 | | | Outstanding warrants, June 30, 2026 | | | 2,916,500 | | | $ | 2.86 | | | | 2.66 | | | (i) | The weighted-average remaining life at December 31, 2024 has been adjusted to reflect the modification of the expiry date of the related warrants as previously detailed. |
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| Schedule of Stock Option Activity |
The following table summarizes the stock option activity for the period ended June 30, 2026: | | | | | Number of | | | | | | Aggregate | | | Remaining | | | | | Expiry | | Options | | | Exercise | | | Intrinsic | | | Contractual | | | Grant Date | | Date | | Granted | | | Price | | | Value | | | Life | | | March 15, 2024 | | March 15, 2029 | | | 180,000 | | | $ | 2.00 | | | $ | - | | | | 2.71 | | | June 18, 2024 | | June 18, 2029 | | | 90,000 | | | $ | 4.00 | | | | - | | | | 2.97 | | | June 30, 2024 | | June 30, 2029 | | | 320,000 | | | $ | 4.00 | | | | - | | | | 3.00 | | | August 28, 2024 | | August 28, 2029 | | | 25,000 | | | $ | 5.00 | | | | - | | | | 3.16 | | | September 25, 2024 | | September 25, 2029 | | | 243,000 | | | $ | 5.00 | | | | - | | | | 3.24 | | | As of June 30, 2026 | | | | | 858,000 | | | $ | 3.89 | | | $ | - | | | | | |
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| Schedule of Inputs into the Black-Scholes Model |
| Inputs into the Black-Scholes Model: | | | | | | | | | | | | | | | | | Grant Date | | | 15-Mar-24 | | | | 18-Jun-24 | | | | 30-Jun-24 | | | | 28-Aug-24 | | | | 25-Sep-24 | | | Share price | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | $ | 2.00 | | | Exercise price | | $ | 2.00 | | | $ | 4.00 | | | $ | 4.00 | | | $ | 5.00 | | | $ | 5.00 | | | Term | | | 5 | | | | 5 | | | | 5 | | | | 5 | | | | 5 | | | Risk-Free Interest Rate | | | 3.53 | % | | | 3.19 | % | | | 3.43 | % | | | 2.91 | % | | | 2.76 | % | | Volatility | | | 150.00 | % | | | 150.00 | % | | | 150.00 | % | | | 150.00 | % | | | 150.00 | % |
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