| SEGMENT INFORMATION [Text Block] |
13. SEGMENT INFORMATION
Segment assets are the same as consolidated total assets of $32,532,280 and $28,386,884, as at June 30, 2026 and December 31, 2025, respectively.
The table below details the Company's significant expenses and other segment items and reconciles those amounts to the Company's consolidated net loss as computed under U.S. GAAP in the unaudited condensed consolidated interim statements of operations:
| |
|
Three months ended June 30, |
|
|
Six months ended June 30, |
|
| |
|
2026 |
|
|
2025
(as revised)
|
|
|
2026 |
|
|
2025
(as revised)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
|
|
| Consulting fees |
$ |
1,224,644 |
|
$ |
375,610 |
|
$ |
2,349,506 |
|
$ |
765,960 |
|
| Marketing |
|
1,242,018 |
|
|
14,853 |
|
|
1,750,480 |
|
|
96,026 |
|
| Professional fees |
|
1,084,592 |
|
|
138,729 |
|
|
1,509,486 |
|
|
262,143 |
|
| Personnel costs |
|
917,869 |
|
|
- |
|
|
917,869 |
|
|
- |
|
| Management compensation(1) |
|
673,162 |
|
|
154,097 |
|
|
1,232,680 |
|
|
298,097 |
|
| Contract labour, fuel, vehicle and maintenance |
|
402,131 |
|
|
176,923 |
|
|
735,740 |
|
|
369,967 |
|
| Insurance |
|
234,800 |
|
|
22,641 |
|
|
440,554 |
|
|
43,798 |
|
| Public company, franchise and license fees |
|
131,715 |
|
|
37,553 |
|
|
374,933 |
|
|
41,052 |
|
| Business development |
|
102,089 |
|
|
582,125 |
|
|
246,104 |
|
|
762,125 |
|
| Other selling, general and administrative items(2) |
|
435,218 |
|
|
488,274 |
|
|
866,078 |
|
|
975,711 |
|
| Total selling, general and administrative |
|
(6,448,238 |
) |
|
(1,990,805 |
) |
|
(10,423,430 |
) |
|
(3,614,879 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Research and development |
|
(1,918 |
) |
|
(186,513 |
) |
|
(85,181 |
) |
|
(441,992 |
) |
| Amortization of debt discount |
|
- |
|
|
(121,914 |
) |
|
- |
|
|
(238,981 |
) |
| Change in fair value of derivative liability |
|
- |
|
|
155,899 |
|
|
- |
|
|
(548,763 |
) |
| Loss to misappropriation of assets |
|
- |
|
|
- |
|
|
(395,033 |
) |
|
- |
|
| Impairment of aircraft deposits |
|
(5,150,000 |
) |
|
- |
|
|
(5,150,000 |
) |
|
- |
|
| Other segment items(3) |
|
141,949 |
|
|
208,906 |
|
|
326,306 |
|
|
257,081 |
|
| Net loss |
$ |
(11,458,207 |
) |
$ |
(1,934,427 |
) |
$ |
(15,727,338 |
) |
$ |
(4,587,534 |
) |
(1) Inclusive of stock-based compensation of $601,162 and $1,038,680 for the three and six months ended June 30, 2026, respectively.
(2) Other selling, general and administrative items consist of rent, office and administrative expenses, travel and entertainment, directors' fees, relocation costs, depreciation, and loss on disposal of property, plant, and equipment.
(3) Other segment items consists of interest income, realized and unrealized gains on short-term investments, interest expense, and other income (loss), net, none of which is individually significant.
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