Other Income (Expense)

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Other Income (Expense) [Text Block]

16. Other Income (Expense) 

		September 30, 2024			September 30, 2023
(a) Loss on settlement of claim	$	(227,545	)	$	-
(b) Loss on revaluation of convertible promissory notes		(1,004,361	)		(2,296,845	)
(c) Gain on forgiveness of CEBE loans		22,242			-
(d) Adjustment to provision for loss		1,321,733			-
(e) Loss on conversion of convertible promissory note		-			(74,359	)
	$	112,069		$	(2,371,204	)

(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.

(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) This adjustment on the provision for loss relates to one of the March 2022 Investor Notes, as described below legal proceedings, note 18.

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