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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement      
Revenues $ 10,819,916 $ 10,931,188 $ 7,425,707
Cost of Goods Sold 6,237,469 6,022,192 4,229,215
Gross Profit 4,582,447 4,908,996 3,196,492
Expenses      
Office and administration 2,486,186 2,278,467 2,243,413
Management compensation 720,500 720,003 720,923
Research 1,124,831 1,068,708 1,697,497
Marketing 394,933 409,256 353,010
Travel 141,996 111,235 64,419
Accounting and legal 280,102 518,543 271,613
Share-based expense 129,490 163,051 133,645
Consulting 461,470 318,846 325,024
Investor relations 84,000 84,000 84,000
Foreign exchange (gain) loss (32,660) 55,231 (78,428)
Amortization 87,875 399,652 437,865
Bad debts 0 0 2,000
Total Expenses 5,878,723 6,126,992 6,254,981
Loss Before the Following: (1,296,276) (1,217,996) (3,058,489)
Gain on repurchase of RSUs 40,785 45,806 0
Gain on revaluation of derivative warrant liability 3,665 263,446 658,626
Gain (loss) on sale of property, plant and equipment 0 (20,602) 8,389
Write-off of inventory (214,225) (260,040) (117,403)
Unit issuance costs 0 0 (77,051)
Termination settlement (465,360) 0 0
Loss Before Taxes: (1,931,411) (1,189,386) (2,585,928)
Income Tax Expense      
Current 170,475 166,031 172,639
Net Loss and Comprehensive Loss for the Year $ (2,101,886) $ (1,355,417) $ (2,758,567)
Basic Loss Per Share (in dollar per share) $ (0.04) $ (0.02) $ (0.05)
Diluted Loss Per Share (in dollar per share) $ (0.04) $ (0.02) $ (0.05)
Weighted Average Number of Common Shares Outstanding      
Basic (in shares) 54,337,995 54,320,086 53,082,689
Diluted (in shares) 54,337,995 54,320,086 53,082,689