XML 47 R21.htm IDEA: XBRL DOCUMENT v3.22.1
Capital Stock (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of Warrant Assumptions

For the year ended December 31, 2021, the Company had not yet issued 1,950,000 shares of common stock and warrants for 1,950,000 shares of common stock with an expiry date of December 13, 2024 for debt settlements having a total value of $39,000. The fair value of the commons shares was $0.021 per share for a total of $40,950. The warrants were valued at $0.004 each for a total of $7,860 based on the following assumptions:

1.

Exercise price of each warrant

$0.20

2.

Expected life in years

3

3.

Annualized Volatility

100%

4.

Annual rate of quarterly dividends

0%

5.

Discount rate – Bond Equivalent yield

0.95%

6.