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Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
3 Months Ended 6 Months Ended
Jun. 30, 2024
CAD ($)
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Mar. 31, 2024
USD ($)
Jun. 30, 2023
CAD ($)
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Mar. 31, 2023
USD ($)
Jun. 30, 2024
CAD ($)
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
CAD ($)
shares
Jun. 30, 2023
USD ($)
$ / shares
shares
Revenue   $ 0     $ 153,487     $ 38,575   $ 318,174
Cost of Sales                    
Opening inventory   0     60,959 $ 58,695       58,695
Depreciation $ 106,464 77,804   $ 141,721 105,567   $ 212,928 156,737 $ 288,289 213,939
Cost of sales   228,091     264,541     497,243   445,862
Less: closing inventory   0 $ 0   (64,578) (60,959)   0   (64,578)
Total cost of sales   228,091     199,963     497,243   381,284
Gross loss   (228,091)     (46,476)     (458,668)   (63,110)
Operating expenses                    
Management compensation-stock- based compensation   54,000     57,600     108,000   115,200
Management compensation-fees   137,025     117,305     276,038   233,761
Marketing   0     110,224     501   121,175
Professional Fees   260,291     66,105     420,678   182,793
Interest expense   305,003     139,386     590,319   359,061
Office and administration   110,399     66,663     167,521   119,553
Rent and occupancy   61,495     52,549     121,825   102,742
Insurance   32,561     8,650     47,210   22,193
Filing fees   10,040     10,833     21,177   23,290
Amortization of financing costs   55,388     26,571     112,904   45,395
Directors' compensation   18,270     18,611     36,805   34,580
Stock-based compensation   0     196,134     0   530,425
Repairs and maintenance   11,738     1,934     11,738   21,621
Foreign exchange loss (income)   148,821     (239,570)     474,038   (247,443)
Total operating expenses   1,205,031     632,995     2,388,754   1,664,346
Net loss from operating activities   (1,433,122)     (679,471)     (2,847,422)   (1,727,456)
Other expense   (945,981)     (2,267,307)     (1,057,425)   (2,254,494)
Net loss   (2,379,103) $ (1,525,744)   (2,946,778) $ (1,035,172)   (3,904,847)   (3,981,950)
Other comprehensive loss                    
Foreign exchange income (loss)   207,798     (328,045)     669,980   (334,679)
Comprehensive loss   $ (2,171,305)     $ (3,274,823)     $ (3,234,867)   $ (4,316,629)
Net loss per share- basic (in dollars per share) | $ / shares   $ (0.02)     $ (0.02)     $ (0.03)   $ (0.03)
Net loss per share- diluted (in dollars per share) | $ / shares   $ (0.02)     $ (0.02)     $ (0.03)   $ (0.03)
Weighted average number of common shares outstanding- basic (in shares) | shares 125,332,019 125,332,019   120,395,741 120,395,741   125,604,550 125,604,550 119,177,114 119,177,114
Weighted average number of common shares outstanding- diluted (in shares) | shares 125,332,019 125,332,019   120,395,741 120,395,741   125,604,550 125,604,550 119,177,114 119,177,114
Direct wages and benefits [Member]                    
Cost of Sales                    
Total cost of sales   $ 13,631     $ 34,673     $ 31,733   $ 75,525
Equipment rental, delivery, fuel and repairs and maintenance [Member]                    
Cost of Sales                    
Total cost of sales   133,548     19,422     306,418   40,846
Utilities [Member]                    
Cost of Sales                    
Total cost of sales   3,108     43,920     (2,093)   56,857
Outside contractors [Member]                    
Cost of Sales                    
Total cost of sales   $ 0     $ 0     $ 4,448   $ 0