v3.26.1
Pay vs Performance Disclosure - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Pay vs Performance Disclosure            
Tabular List, Table    

Summary Compensation Table

Our named executive officers for the fiscal year ended December 31, 2025 ("Fiscal 2025") consists of (i) Rick Svetkoff, who served as our President, CEO and Executive Chairman until his resignation from all positions after Fiscal 2025, on February 19, 2026, (ii) David Whitney, our current Chief Financial Officer, and (iii) Tim Franta, our Vice President of Development who was appointed as our CEO after Fiscal 2025, on February 22, 2026. Our named executive officers for the fiscal year ended December 31, 2024 ("Fiscal 2024") consists of (i) Rick Svetkoff, our former President and CEO, (ii) David Whitney, our Chief Financial Officer, and (iii) Tim Franta, our Vice President of Development and current CEO. The following Summary Compensation Table sets forth the compensation earned by or paid to our named executive officers for Fiscal 2025 and Fiscal 2024 are as follows:

Name and
Principal
Position		   Year     Salary
($)		     Bonus


($)		     Stock
awards
($)		     Option
awards
($)		     Non-equity
incentive
plan
compensation
($)		     Non-
qualified
deferred
compensation
earnings
($)		     All other
compensation
($)		     Total
($)		  
Rick Svetkoff (1)   2025     372,000     10,097     -     868,102     -     -     13,250     1,263,449  
Former President, CEO and Executive Chairman   2024     270,000     10,000     -     -     -     -     13,250     293,250  
David Whitney (2)   2025     180,000     -     2,692,500     -     -     -     -     2,872,500  
CFO   2024     102,000     55,000     -     -     -     -     -     157,000  
Tim Franta
VP of		   2025     120,000     5,000     -     217,025     -     -     -     342,025  
Development(3)   2024     114,000     5,000     -     -     -     -     -     119,000  

Notes:

 

(1)

Mr. Svetkoff was appointed as our President and CEO September 6, 2022, and was appointed as Executive Chairman on June 1, 2024. He resigned from all positions on February 19, 2026. Mr. Svetkoff's stock option awards had not vested as of the date of his resignation, and therefore, were automatically forfeited and cancelled. Mr. Svetkoff's salary for 2025 contained $300,000 in management fees, and $72,000 in director fees. Mr. Svetkoff's salary for 2024 contained $222,000 in management fees, and $48,000 in director fees. Amounts also include $13,250 for the personal use of the Company-provided vehicle in 2025 and $13,250 in 2024.

 

(2)

Mr. Whitney was appointed as our CFO on January 1, 2024.

 

(3)

Mr. Franta was appointed as our CEO on February 22, 2026. Mr. Franta's salary for 2025 contained $96,000 in professional fees, and $24,000 in director fees. Mr. Franta's salary in 2024 contained $90,000 in professional fees, and $24,000 in director fees.

During our most recently completed financial years, we did not pay any other executive compensation to our named executive officers.

      
Net Income (Loss) $ (11,458,207) $ (1,934,427) $ (15,727,338) $ (4,587,534) $ (16,543,616) $ (7,908,777)
Pension Benefits Adjustments, Footnote    

Retirement Benefits

The Company does not have any defined benefit or defined contribution plans that provide for payments or benefits at, following or in connection with retirement.

Separation Benefits

The Company does not have any agreements that provide for payment(s) to a named executive officer at, following, or in connection with the resignation, retirement or other termination of a name executive officer, or a change in control of the smaller reporting company or a change in the named executive officer's responsibilities following a change in control, with respect to each named executive officer.

      
Equity Awards Adjustments, Footnote    
Name Option awards Stock awards
Number of
securities
underlying
unexercised
options
(#)
exercisable		 Number of
securities
underlying
unexercised
options
(#)
unexercisable		 Equity
incentive
plan
awards:
Number of
securities
underlying
unexercised
unearned
options
(#)		 Option
exercise
price
($)		 Option
expiration
date		 Number
of shares
or units
of stock
that have
not
vested
(#)		 Market
value of
shares of
units of
stock
that have
not
vested
($)		 Equity
incentive
plan
awards:
Number
of
unearned
shares,
units or
other
rights that
have not
vested
(#)		 Equity
incentive
plan
awards:
Market or
payout
value of
unearned
shares,
units or
other
rights that
have not
vested
($)
Rick Svetkoff
(former CEO, President
and Executive Chairman)		 Nil 500,000 N/A $3.59 Aug. 12, 2030 N/A N/A N/A N/A
David Whitney N/A N/A N/A N/A N/A N/A N/A 712,500 8,300,625
Tim Franta Nil 125,000 N/A $3.59 Aug. 12, 2030 N/A N/A N/A N/A