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Capital Stock
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Capital Stock [Text Block]

14. Capital Stock

As at September 30, 2024, the Company had 150,000,000 common shares authorized with a par value of $.0001 per share and 131,332,019 (December 31, 2023-125,272,975) common shares issued and outstanding.

On January 11, 2024, Travellers converted $101,130 (C$135,600) of outstanding accounts payable (2023-$579,001; C$779,283 in outstanding loans and outstanding accounts payable) owing to Travellers into 809,044 (2023-2,911,852) common shares of the Company at the closing trading price immediately prior to each conversion. There was no gain or loss on these conversions. In addition, on September 30, 2024, 6,000,000 common shares of the Company were issued to Travellers on a private placement at a price per share of $0.02.

On March 18, 2024, the Company submitted a cancellation order to its transfer agent to cancel 750,000 common shares issued in the prior year to a consultant. There was no gain or loss on this cancellation.

For the nine-month period ended September 30, 2024, the Company issued nil (2023-1,650,709) common shares on the conversion of a convertible promissory note having a fair value of $nil (2023-$374,000) at conversion prices ranging from $nil to $nil (2023- $0.1294 to $0.3400) per share. This resulted in a loss on conversion of $nil (2023-$74,359) disclosed under note 16, other income (expense).

For the nine-month period ended September 30, 2024, the Company issued nil (2023-1,790,000) common shares for professional services valued at $nil (2023-$396,895), based on the closing trading prices on the effective dates of the consulting agreements  disclosed as stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss. Further, the Company issued nil (225,000) common for other services relating to satisfying certain outstanding interest expense on a 1 st. mortgage, valued at $nil (C$nil) (2023-$34,124; C$45,000) based on the closing trading price on issuance) In addition, the Company raised $nil (2023-$380,971) on a private placement for nil (2023-1,536,582) common shares of the Company at an issue price of $nil (2023-$0.0247 to $0.3250) per share from a director of the Company.

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 executive consulting agreements, valued at $446,400, based on the closing trading price on the effective date of their executive consulting agreements. Included under management stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss for the three and nine-month periods ended September 30, 2024, is an amount of $54,000 and $162,000 (2023-$57,600 and $172,800) respectively. Also, during the three and nine-month periods ended September 30, 2023, the Company issued nil and 500,000 common shares respectively, on proceeds previously received.

Furthermore, on January 3, 2023, the Company issued 20,000 common shares to an employee valued at $2,880 based on the closing trading price on the date of issuance. Also, 100,000 common shares were issued on March 1, 2023 to a new director appointed on February 18, 2023, valued at $21,000, based on the closing trading price on the date appointed. Both amounts were disclosed as stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss. In addition, 500,000 common shares were issued for proceeds previously received.

As at September 30, 2024, the Company recorded a balance of $nil (2023-$60,100) for 250,000 shares to be issued relating to a consulting agreement with a service provider for professional services, valued on the effective dates stipulated in the consulting agreement. On December 31, 2023, the Company cancelled the balance of $60,100, relating to the 250,000 shares which were to be issued relating to a consulting agreement with Tradigital Marketing Group ("Tradigital") for professional services, valued on the effective dates stipulated in the consulting agreement. The shares were cancelled based on an arbitrator's decision made on April 26, 2024, to a claim filed against the Company by Tradigital. These professional services are included under stock-based compensation in the interim condensed consolidated statements of operations and comprehensive loss.