Fair value measurement

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair value measurement

10. Fair value measurement:

The following table sets forth the fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis based on the three-tier fair value hierarchy.

	Level 1		Level 2			Level 3		Total
As at June 30, 2022
Assets
Cash	$	1,729,653	$	-		$	-	$	1,729,653
Long term cash equivalent		23,270		-			-		23,270
Liabilities
Derivative liability – warrants		-		(1,516	)				(1,516	)
Total net assets measured and recorded at fair value	$	1,752,923	($	1,516	)	$	-	$	1,751,407

	Level 1		Level 2			Level 3		Total
As at December 31, 2021
Assets
Cash	$	2,078,607	$	-		$	-	$	2,078,607
Long term cash equivalent		23,624		-			-		23,624
Liabilities
Derivative liability – warrants		-		(23,365	)		-		(23,365	)
Total assets measured and recorded at fair value	$	2,102,231	($	23,365	)	$	-	$	2,078,866