Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Equity Warrants

As of September 30, 2023, the following equity warrants were outstanding:

Outstanding		Expiry date	Weighted average exercise price ($)
	250,000	August 28, 2026		3.00
	99,998	March 12, 2027		3.00
	349,998			3.00

Schedule of Black-Scholes Option Pricing Model

The following assumptions were used in the Black-Scholes option pricing model during the nine months ended September 30, 2023, and year ended December 31, 2022:

	September 30, 2023			December 31, 2022
Risk-free interest rate		3.39-3.86	%		2.81% - 4.07	%
Expected life		10 years			10 years
Expected dividend rate		0.00	%		0.00	%
Expected volatility		100	%		100	%
Forfeiture rate		0.00	%		0.00	%

Schedule of Stock Options

The continuity of stock options for the period ended September 30, 2023 and year ended December 31, 2022 is summarized below:

	Number of stock options			Weighted average exercise price
Outstanding, December 31, 2021		1,133,334		$	0.60
Granted		412,000			2.19
Forfeited		(137,500	)		0.60
Exercised		(41,667	)		0.60
Outstanding, December 31, 2022		1,366,167			1.08
Granted		234,000			5.00
Exercised		(62,500	)		0.60
Outstanding, September 30, 2023		1,537,667			1.70

Schedule of Right To Purchase One Common Stock Option Held

As of September 30, 2023, the following options were outstanding, entitling the holders thereof the right to purchase one common stock for each option held as follows:

Outstanding		Vested		Expiry date	Weighted average exercise price ($)
	841,667		561,117	February 8, 2031		0.60
	50,000		33,340	February 27, 2031		0.60
	45,000		15,938	April 25, 2032		0.60
	16,000		5,000	June 1, 2032		1.34
	110,000		32,083	July 1, 2032		1.34
	100,000		27,083	August 8, 2032		1.34
	16,000		4,000	September 30, 2032		1.34
	80,000		20,000	September 30, 2032		5.00
	10,000		-	October 15, 2032		1.34
	10,000		-	November 1, 2032		1.34
	5,000		-	November 1, 2032		5.00
	20,000		-	December 12, 2032		5.00
	10,000		-	February 1, 2033		5.00
	50,000		-	April 16, 2033		5.00
	80,000		-	May 1, 2033		5.00
	80,000		-	January 25, 2033		5.00
	10,000		-	June 27, 2033		5.00
	2,500		-	July 10, 2033		5.00
	1,500		-	July 1, 2033		5.00
	1,537,667		698,561			1.70