SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

SHAREHOLDERS' EQUITY

Schedule of significant assumptions used to estimate fair value

	Year Ended December 31,
	2023		2022
Risk-free interest rate	1.54	%	1.71-4.18	%
Expected volatility	123	%	135-144	%
Expected dividend yield	Nil		Nil
Expected term in years	8		8

Schedule of stock option activity

	Year Ended December 31,
	2023			2022
		Weighted			Weighted
		Average			Average
	Number of Stock	Exercise		Number of Stock	Exercise
	Options	Price		Options	Price
Outstanding, beginning of period	4,160,000	$	1.26	2,180,000	$	1.18
Granted	1,020,000	$	0.38	2,080,000	$	1.29
Exercised (1)	(455,000)	$	0.07	(100,000)	$	0.25
Outstanding, end of period	4,725,000	$	1.18	4,160,000	$	1.26
Exercisable, end of period	3,965,000	$	1.31	2,932,500	$	1.28
Non-vested, end of period	760,000	$	0.49	1,227,500	$	1.20

Schedule of intrinsic value and weighted average remaining life for stock options

			Weighted
			Average
			Remaining
As of December 31, 2023:		Intrinsic Value	Life (Years)
Stock options outstanding	$	13	7.0
Stock options exercisable	$	13	6.7
Stock options non-vested	$	—	8.9