INVESTMENT IN EQUITY SECURITIES

9 Months Ended

Sep. 30, 2024

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN EQUITY SECURITIES

NOTE 5 – INVESTMENT IN EQUITY SECURITIES

As at September 30, 2024 and December 31, 2023, the Company’s equity investment consisted of 511,750 common shares of WRR.

At September 30, 2024 and December 31, 2023, the fair value of the equity investment was $75,821 and $56,105, respectively, based on the trading price of WRR Shares at September 30, 2024 and December 31, 2023. Fair value is measured using Level 1 inputs in the fair value hierarchy.

During the three-month period ended September 30, 2024, the revaluation of the equity investment in WRR resulted in a $1,042 gain on the change in fair value of the equity investment (September 30, 2023 - $20,206 loss).

During the nine-month period ended September 30, 2024, the revaluation of the equity investment in WRR resulted in a $19,716 gain on the change in fair value of the equity investment (September 30, 2023 - $115,168 loss).

The Company did not sell any WRR Shares during the three- and nine-month periods ended September 30, 2024 and 2023.