STOCK OPTIONS (Tables)

12 Months Ended

Dec. 31, 2023

STOCK OPTIONS

Summary of Stock option award

	Options outstanding
	Number			Weighted average exercise price		Weighted average remaining contractual life (in years)
Outstanding January 1, 2021		6,500,000		$	1.81		4.87
Expired		(200,000	)		1.81		-
Granted		128,000			1.77		9.48
Outstanding December 31, 2021		6,428,000		$	1.81		3.86
Expired		(20,000	)		3.43		-
Cancelled		(468,000	)		2.03		-
Granted		140,000			0.49		9.94
Outstanding December 31, 2022		6,080,000		$	1.76		2.92
Expired		-			-		-
Cancelled		(580,000	)		1.33		-
Granted		850,000			0.79		9.93
Outstanding December 31, 2023		6,350,000		$	1.67		2.65
Options exercisable		5,600,000		$	1.78		1.69

Summary of Fair value of options granted

Description	2023			2022			2021
Share price	$	1.30~0.40		$	1.30~0.40			$	1.75~1.83
Exercise price	$	0.30		$	0.38~3.43			$	1.75~1.83
Risk-free interest rate		2.93~3.57	%		2.93~3.57	%			1.60%~1.64	%
Expected volatility		116.39~119.84	%		116.39~119.84	%			107.05%~107.47	%
Expected option life in years		10.0	Yrs		10.0	Yrs			10.	Yrs
Expected dividend yield		-			-				-