Prepaid expenses and deposits

12 Months Ended

Dec. 31, 2023

Prepaid Expenses And Deposits

Prepaid expenses and deposits

8. Prepaid expenses and deposits

As of December 31, 2023 and 2022, prepaid expenses and deposits consists of the following:

	2023		2022
Consulting, services and advertising	$	5,215	$	1,313,799
Insurance		-		20,781
Deposits		1,492,034		699,765
	$	1,497,249	$	2,034,345

As of December 31, 2023, prepaid expense and deposit consists of $5,215 (2022 - $1,313,799) in prepaid consulting, services and advertising for third party consultants through the issuance of shares and stock options. Deposits primarily include prepayments for raw materials used in the manufacturing of finished goods.