XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue $ 0 $ 0 $ 32,340 $ 38,575
Total cost of sales 90,119 271,696 649,320 768,939
Gross loss (90,119) (271,696) (616,980) (730,364)
Operating expenses        
Management compensation-stock-based compensation 0 54,000 0 162,000
Management compensation-fees 136,125 137,456 402,300 413,494
Marketing 0 0 0 501
Professional fees 47,965 164,923 218,895 585,601
Interest expense 369,985 291,986 1,087,076 882,305
Office and administration 73,176 57,328 174,419 224,849
Rent and occupancy 67,786 55,743 189,302 177,568
Insurance 0 (2,021) 0 45,189
Filing fees 9,915 6,136 26,864 27,313
Amortization of financing costs 0 42,663 0 155,567
Directors' compensation 13,612 18,328 40,230 55,133
Repairs and maintenance 23 7,335 445 19,073
Foreign exchange (income) loss 282,965 (192,999) (505,056) 281,039
Total operating expenses 1,001,552 640,878 1,634,475 3,029,632
Net loss from operating activities (1,091,671) (912,574) (2,251,455) (3,759,996)
Other income (expenses) (711,022) 1,169,494 (2,252,387) 112,069
Net income (loss) (1,802,693) 256,920 (4,503,842) (3,647,927)
Other comprehensive loss        
Foreign exchange income (loss) 588,799 (313,316) (849,519) 356,664
Comprehensive loss $ (1,213,894) $ (56,396) $ (5,353,361) $ (3,291,263)
Net income (loss) per share-basic $ (0.01) $ 0 $ (0.03) $ (0.03)
Net income (loss) per share-diluted $ (0.01) $ 0 $ (0.03) $ (0.03)
Weighted average number of common shares outstanding-basic (in shares) 142,332,019 125,332,019 138,526,158 125,513,004
Weighted average number of common shares outstanding-diluted (in shares) 142,332,019 125,332,019 138,526,158 125,513,004
Depreciation [Member]        
Total cost of sales $ 65,306 $ 69,957 $ 193,002 $ 226,694
Direct wages and benefits [Member]        
Total cost of sales 13,243 26,894 39,352 58,627
Equipment rental, delivery, fuel and repairs and maintenance [Member]        
Total cost of sales 10,582 173,397 414,112 479,815
Utilities [Member]        
Total cost of sales 988 1,448 2,854 (645)
Outside contractors [Member]        
Total cost of sales $ 0 $ 0 $ 0 $ 4,448