| Schedule of Loan Agreement |
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| | | December 31, | | | December 31, | | | | | 2025 | | | 2024 | | | Loan to Cellen Life Sciences Limited (a) | | $ | — | | | $ | 503,493 | | | Loan to an arm’s length party (b) | | | — | | | | 83,357 | | | Loan to First Towers & Fiber Corp. (c) | | | — | | | | 352,953 | | | Advances to Halo (d) | | | — | | | | 15,219 | | | | | $ | — | | | $ | 955,022 | | | | (a) | On November 10, 2022, the Company entered into an agreement (the “Loan Restructuring Agreement”) with Cellen Life Sciences Limited and Cellen Biotech Limited (collectively referred to as “Cellen”) which entails the restructuring of the payment terms applicable to the $500,000 loan payable by Cellen to the Company pursuant to a Bridge Loan Facility Agreement previously entered into on December 2, 2021. In terms of the Loan Restructuring Agreement, Cellen shall repay the $500,000 by no later than the fourth anniversary of the Loan Restructuring Agreement, namely by November 10, 2026. The loan shall not bear interest until the 2nd anniversary (namely November 10, 2024) of the Loan Restructuring Agreement, where thereafter, it shall bear interest at a rate of 5% per annum on the principal amount of the loan ($500,000). The loan is secured over the assets of Cellen. During the year ended December 31, 2025, the Company no longer controlled Canmart and as a result, the Company derecognized all assets and liabilities at their book values on May 30, 2025. The Company wrote down this loan with a net book value of $503,493 to $nil (note 6). |
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| Schedule of Loans Receivable Recognized |
The details of the loans receivable recognized as at December 31, 2025 are as follows: | Balance, December 31, 2024 | | $ | 955,022 | | | Addition | | | 643,030 | | | Interest Receivable | | | 92,638 | | | Cash payment | | | (347 | ) | | Impact on loss of control of Canmart | | | (592,713 | ) | | Termination of loans to First Towers’ including interest, pursuant to the acquisition | | | (868,591 | ) | | Write-off of loans to Halo | | | (235,686 | ) | | Movement in exchange rates | | | 6,647 | | | Balance, December 31, 2025 | | $ | – | |
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The details of the loans receivable recognized as at December 31, 2025 are as follows: | | | | | | Balance, December 31, 2023 | | $ | 593,232 | | | Addition | | | 366,602 | | | Interest Receivable | | | 6,446 | | | Movement in exchange rates | | | (11,258 | ) | | Balance, December 31, 2024 | | | 955,022 | | | Addition | | | 643,030 | | | Interest Receivable | | | 92,638 | | | Cash payment | | | (347 | ) | | Impact on loss of control of Canmart | | | (592,713 | ) | | Termination of loans to First Towers’ including interest, pursuant to the acquisition | | | (868,591 | ) | | Write-off of loans to Halo | | | (235,686 | ) | | Movement in exchange rates | | | 6,647 | | | Balance, December 31, 2025 | | $ | — | |
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