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Prepaid expenses and deposits
3 Months Ended
Mar. 31, 2024
Prepaid Expenses And Deposits  
Prepaid expenses and deposits

5. Prepaid expenses and deposits

 

As of March 31, 2024 and December 31, 2023, prepaid expenses and deposits consist of the following:

 

   March 31, 2024   December 31, 2023 
Consulting, services, and advertising  $59,009   $5,215 
Deposits   283,150    1,492,034 
Prepaid expenses and deposits, net  $342,159   $1,497,249 

 

As of March 31, 2024, prepaid expenses and deposits consists of $59,009 (December 31, 2023 - $5,215) in prepaid consulting, services, and advertising for third party consultants through the issuance of shares and stock options. Amounts in deposits relate to prepayments for manufacturing components and finished goods.