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STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
SCHEDULE OF CHANGES IN NUMBER OF WARRANTS OUTSTANDING

The changes in the number of warrants outstanding for the nine-month period ended September 30, 2024, and for the year ended December 31, 2023, are as follows:

SCHEDULE OF CHANGES IN NUMBER OF WARRANTS OUTSTANDING

 

  

Nine months ended

September 30, 2024

  

Year ended

December 31, 2023

 
   Number of warrants   Weighted average exercise price   Number of warrants   Weighted average exercise price 
                 
Warrants outstanding, beginning   12,349,912   $1.20    -   $n/a 
Warrants issued - offering   -   $n/a    12,499,343   $1.20 
Warrants issued - agent   -   $n/a    124,994   $1.20 
Warrants exercised   (408,125)  $1.20    (274,425)  $1.20 
Warrants outstanding, ending   11,941,787   $1.20    12,349,912   $1.20 
SCHEDULE OF WARRANTS OUTSTANDING

Details of warrants outstanding as at September 30, 2024, are as follows:

SCHEDULE OF WARRANTS OUTSTANDING 

 

Number of warrants

exercisable

   Expiry date 

Exercise

price

 
 391,739   July 27, 2025  $1.20 
 2,754,824   August 28, 2025  $1.20 
 2,054,097   September 23, 2025  $1.20 
 55,373(1)  September 23, 2028  $1.20 
 4,682,267   October 18, 2025  $1.20 
 1,933,866   November 3, 2025  $1.20 
 69,621(1)  November 3, 2028  $1.20 
 11,941,787      $1.20 

 

(1) Agent warrants
SCHEDULE OF RECOGNIZED SHARE-BASED COMPENSATION

During the three- and nine-month periods ended September 30, 2024 and 2023, the Company recognized share-based compensation as follows:

SCHEDULE OF RECOGNIZED SHARE-BASED COMPENSATION 

   2024   2023   2024   2023 
  

Three months ended

September 30,

  

Nine months ended

September 30,

 
   2024   2023   2024   2023 
Directors and CEO  $248,468   $249,149   $740,002   $739,322 
Officer – VP of Operations   175,000    175,000    525,000    408,333 
Consultants   116,667    116,667    350,001    272,223 
Investor awareness and marketing   -    -    100,275    - 
Total  $540,135   $540,816   $1,715,278   $1,419,878