Other (Expense) Income

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Other (Expense) Income [Text Block]

16. Other (Expense) Income

		June 30, 2024			June 30, 2023
(a) Loss on settlement of claim	$	(227,545	)	$	-
(b) Loss on revaluation of convertible promissory notes		(852,122	)		(2,180,135	)
(c) Gain on forgiveness of CEBE loans		22,242			-
(d) Loss on conversion of convertible promissory note		-			(74,359	)
	$	(1,057,425	)	$	(2,254,494	)

(a) The loss is on the settlement of the claim with the general contractor for the property under construction in Hamilton, Ontario, Canada. Refer also to legal proceedings, note 18 and subsequent events, note 19(b).

(b) Loss on revaluation of convertible promissory notes. Refer to convertible promissory notes, note 11.

(c) The gain on forgiveness is the result of repaying the required portion of the CEBA loans within the time to allow for a forgiven amount of $22,242 (C$30,000). Refer also to long-term debt, note 9(b).

(d) As described under convertible promissory notes, note 11(a), the loss is on five conversions of the October 29, 2021 investor note during the six-month period ended June 30, 2023.