Subsequent Events

12 Months Ended

Dec. 31, 2022

Subsequent Events [Abstract]

Subsequent Events [Text Block]

22. Subsequent Events

The Company's management has evaluated subsequent events up to the date the condensed consolidated financial statements were issued, pursuant to the requirements of ASC 855 and has determined the following to be material subsequent events:

(a) On January 3, 2023, the Company issued 3,000,000 common shares to the CEO and 100,000 common shares to the CFO, in connection with their consulting agreements, effective January 1, 2023. And, on the same date, the Company issued 20,000 common shares to an employee.

(b) On January 10, 2023, February 10, 2023 and March 9, 2023 and April 4, 2023, one of the October 2021 Investors provided the Company with notices of conversion totaling $193,100 for his October 2021 investor note, in exchange for 1,424,465 common shares of the Company at conversion prices ranging from $0.1333 to $0.1990 per share.

(c) On January 27, 2023 and February 1, 2023, the Company issued 910,000 common shares to three consultants for various business consulting, valued at $253,080, based on the trading price at the close of business on the effective date of the consulting agreements. And, on March 1, 2023, 100,000 common shares to the newly appointed director

(d) On March 28, 2023, the Company and PACE finalized a full and final mutual release of all the obligations owing to PACE, including accrued interest, in exchange for an amount of $922,875 (C$1,250,000). The funds are being held in escrow by the Company's Canadian legal counsel. The funds will be released to PACE once the letter of credit, in the amount of $204,384 (C$276,831) is released by the MECP to PACE. On December 31, 2022, prior to this full and final mutual release, the obligations owing to PACE, included under long-term debt in the consolidated balance sheets, totaled $3,446,586 (C$4,668,273). The Company raised the funds by securing a 2^nd. mortgage in the amount of $1,107,450 (C$1,500,000) prior to disbursements of $184,575 (C$250,000), on its Belleville, Ontario Canada property.