Warrant Liabilities (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

Text Block [Abstract]

Summary of Warrant Liabilities

	September 30, 2022		December 31, 2021
Derivative warrant liabilities - 2021 Debentures (a)	$	13,363	$	1,868,541
Derivative warrant liabilities - USD equity financing (b)		827,155		6,106,596
Warrant liability related to business acquisition (c)		—		709,835
Other warrant liability (c)		—		195,066
Total, all current	$	840,518	$	8,880,038

	December 31, 2021		December 31, 2020
Derivative warrant liabilities - 2021 Debentures (a)	$	1,868,541	$	–
Derivative warrant liabilities - USD equity financing (b)		6,106,596		–
Warrant liability related to business acquisition (c)		709,835		710,924
Other warrant liability (c)		195,066		–
Total, all current	$	8,880,038	$	710,924

Summary of Black-Scholes Option-Pricing Model Inputs and Assumption

The Black-Scholes model inputs and assumptions include:

	December 31, 2021		August 13, 2021
Share price at date of valuation	$	6.18	$	6.90
Exercise price	$	8.74	$	8.74
Risk free rate		0.88 %		0.43 %
Expected life (years)		2.62		3.00
Expected volatility 1		45.0 %		71.5 %
Fair value per warrant 2	$	0.89	$	2.82

1  Expected volatility at December 31, 2021 measured at implied volatility of traded warrants.

2  Considers a liquidity discount of 20% in determining the fair value per warrant as these warrants are not publicly traded.

	December 31, 2021		November 29, 2021
Share price at date of valuation	$	6.18	$	5.70
Exercise price	$	6.04	$	6.05
Risk free rate		1.25 %		1.18 %
Expected life (years)		4.92		5.00
Expected volatility 1		45.0 %		45.0 %
Fair value per warrant	$	2.53	$	2.19

1  Expected volatility at represents implied volatility of the Company’s traded warrants.