SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

The following table summarizes the Company’s stock option activity and related information:


	Number of Options	Weighted Average Price (CAD$)		Weighted Average Years
Balance, December 31, 2021	54,282,752	$	0.94	2.97
Granted	35,161,000	$	0.68	4.80
Exercised	(133,333)	$	0.80	—
Forfeited/Expired	(13,683,459)	$	0.96	—
Balance, December 31, 2022	75,626,960	$	0.86	3.46
Granted	68,294,666	$	0.20	4.52

Forfeited/Expired	(52,218,860)	$	0.84	—
Balance, December 31, 2023	91,702,766	$	0.34	3.78

Schedule of Stock Options Values using Black-Scholes Model with Key Assumptions

In determining the amount of share-based compensation, the Company used the Black-Scholes option pricing model to establish the fair value of options granted during the year with the following key assumptions:


	For the Years Ended December 31,
	2023		2022
Risk-Free Interest Rate	4.02	%	3.44	%
Expected Life (years)	3.51		3.01
Expected Annualized Volatility	86.83	%	82.73	%
Expected Dividend Yield	—		—