Warrants (Tables)

12 Months Ended

Dec. 31, 2022

Warrants

Summary of Changes in Warrants

A continuity of the Company’s outstanding share purchase warrants for the year ended December 31, 2022 and the year ended December 31, 2021 is presented below:

	Number of warrants			Weighted average exercise price
Outstanding, January 1, 2021		35,865,312		$	0.10
Issued		14,017,663			0.10
Exercised		(31,270,314	)		0.09
Expired		(10,768,332	)		0.13
Outstanding, December 31, 2021		7,844,329		$	0.10
Issued		105,055,189			0.34
Exercised		(10,926,828	)		0.13
Expired		(35,001	)		0.07
Outstanding, December 31, 2022		101,937,689		$	0.34

Schedule of Purchase Warrants Outstanding

At December 31, 2022, the Company had the following outstanding share purchase warrants:

Outstanding	Exercise Price		Expiry Date
50,000		0.32 USD		June 6, 2023
21,705,438		0.33 USD		March 15, 2024
3,383,939		0.33 USD		March 16, 2024
2,954,545		0.33 USD		March 17, 2024
10,614,123		0.33 USD		March 18, 2024
21,431,754		0.33 USD		March 24, 2024
2,653,000		0.33 USD		March 28, 2024
37,643,450		0.37 USD		June 29, 2025
1,501,440		0.23 USD		June 29, 2025
101,937,689

Schedule of Warrant Derivative Liability

The following is a continuity of the Company’s derivative warrant liability:

	Total
Balance, January 1, 2021	$	1,804,572
Issued		621,500
Extinguished		(479,535	)
Exercise of warrants		(3,064,400	)
Change in fair value of derivative		1,590,762
Balance, December 31, 2021	$	472,899
Effect of change in functional currency		(309,006	)
Exercise of warrants		(822,950	)
Change in fair value of derivative		686,504
Foreign currency translation		(22,620	)
Balance, December 31, 2022	$	4,827

Schedule of Weighted Average Assumption for Warrants

	2022			2021
Risk-free interest rate		1.21% - 3.13	%		0.16	%
Expected life (years)		2-3			2
Expected volatility		154%-182	%		215	%
Dividend yield		0	%		0	%