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Interim Condensed Consolidated Statements of Operations and Comprehensive Loss
3 Months Ended 9 Months Ended
Sep. 30, 2024
CAD ($)
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
Sep. 30, 2023
CAD ($)
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Sep. 30, 2024
CAD ($)
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
CAD ($)
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Revenue   $ 0     $ 186,901       $ 38,575   $ 505,075
Cost of Sales                      
Opening inventory   0     64,578   $ 58,695       58,695
Depreciation $ 95,457 69,957   $ 117,344 87,528     $ 308,385 226,694 $ 405,633 301,467
Cost of sales   271,696     236,009       768,939   617,293
Less: closing inventory   0 $ 0   (42,889) $ (64,578)     0   (42,889)
Total cost of sales   271,696     193,120       768,939   574,404
Gross loss   (271,696)     (6,219)       (730,364)   (69,329)
Operating expenses                      
Management compensation-stock- based compensation   54,000     57,600       162,000   172,800
Management compensation-fees   137,456     117,401       413,494   351,162
Marketing   0     923       501   122,098
Professional Fees   164,923     103,930       585,601   286,723
Interest expense   291,986     140,161       882,305   499,222
Office and administration   57,328     56,567       224,849   176,120
Rent and occupancy   55,743     58,385       177,568   161,127
Insurance   (2,021)     10,974       45,189   33,167
Filing fees   6,136     8,562       27,313   31,852
Amortization of financing costs   42,663     26,901       155,567   72,296
Directors' compensation   18,328     18,631       55,133   53,211
Stock-based compensation   0     254,724       0   785,149
Repairs and maintenance   7,335     1,015       19,073   22,636
Foreign exchange (income) loss   (192,999)     214,406       281,039   (33,037)
Total operating expenses   640,878     1,070,180       3,029,632   2,734,526
Net loss from operating activities   (912,574)     (1,076,399)       (3,759,996)   (2,803,855)
Other income (expense)   1,169,494     (116,710)       112,069   (2,371,204)
Net income (loss)   256,920 $ (2,379,103)   (1,193,109) $ (2,946,778) $ (1,035,172)   (3,647,927)   (5,175,059)
Other comprehensive loss                      
Foreign exchange (loss) income   (313,316)     327,961       356,664   (6,718)
Comprehensive loss   $ (56,396)     $ (865,148)       $ (3,291,263)   $ (5,181,777)
Net income (loss) per share-basic | $ / shares   $ 0     $ (0.01)       $ (0.03)   $ (0.04)
Net income (loss) per share-diluted | $ / shares   $ 0     $ (0.01)       $ (0.03)   $ (0.04)
Weighted average number of commonshares outstanding- basic | shares 125,332,019 125,332,019   122,972,355 122,972,355     125,513,004 125,513,004 120,391,943 120,391,943
Weighted average number of commonshares outstanding- diluted | shares 125,332,019 125,332,019   122,972,355 122,972,355     125,513,004 125,513,004 120,391,943 120,391,943
Direct wages and benefits [Member]                      
Cost of Sales                      
Total cost of sales   $ 26,894     $ 36,459       $ 58,627   $ 111,984
Equipment rental, delivery, fuel and repairs and maintenance [Member]                      
Cost of Sales                      
Total cost of sales   173,397     14,723       479,815   55,569
Utilities [Member]                      
Cost of Sales                      
Total cost of sales   1,448     32,721       (645)   89,578
Outside contractors [Member]                      
Cost of Sales                      
Total cost of sales   $ 0     $ 0       $ 4,448   $ 0