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Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of assumptions
        
Description 

As of

December 31, 2022

  

As of

December 31, 2023

 
Expected dividend yield   0.00%    0.00% 
Expected stock volatility (a)   62.97%    74.00% 
Risk-free interest rate   4.034%    5.474% 
Expected life of options (years)   5.00    5.00 
Expected forfeiture rate   0.00%    0.00% 
Grant date fair value range per option issued  $0.10240.1265   $0.16790.1679 

 

(a)The Company's securities are not currently trading on any stock exchange. The volatility was calculated using three public companies int eh same industry as the Company.
Schedule of option activity
        
  

Options Outstanding

Number of Shares

   Weighted Average Exercise Price 
Balance, December 31, 2021       n/a 
Issued   5,705,004   $0.20 
Expired/Forfeited   (93,750)  $0.20 
Exercised       n/a 
Balance, December 31, 2022   5,611,254   $0.20 
Issued   1,050,000   $0.26 
Expired/Forfeited       n/a 
Exercised       n/a 
Balance, December 31, 2023   6,661,254   $0.22 
Schedule of options outstanding and exercisable
               
Issue Date  Expiry Date  Exercise Price   Number of Options   Remaining Life 
May 24, 2022  May 23, 2032   0.20    4,931,250    8.40 
June 1, 2022  May 31, 2032   0.20    80,004    8.42 
July 15, 2022  July 14, 2032   0.20    450,000    8.54 
July 28, 2022  July 27, 2032   0.20    150,000    8.57 
July 1, 2023  June 30, 2033   0.26    750,000    9.50 
July 7, 2023  July 6, 2033   0.26    300,000    9.51 
       0.22    6,661,254    8.59