EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings per share [abstract]

EARNINGS PER SHARE [Text Block]

15. EARNINGS PER SHARE

The calculation of basic and diluted earnings (loss) per share for the relevant years is based on the following:

		December 31,			December 31,			December 31,
		2021			2020			2019
Net income (loss) for the period	$	(2,758,567	)	$	(1,307,890	)	$	3,334,043
Basic weighted average number of common shares outstanding		53,082,689			47,170,086			47,170,086
Effect on dilutive securities:
Options		-			-			1,016,436
Diluted weighted average number of common shares outstanding		53,082,689			47,170,086			48,186,522
Basic income (loss) per share	$	(0.05	)	$	(0.03	)	$	0.07
Diluted income (loss) per share	$	(0.05	)	$	(0.03	)	$	0.07