FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

FINANCIAL RISK MANAGEMENT

Schedule of impact on pre-tax loss of a 10% change in the USD:CAD exchange rate on financial assets and liabilities denominated in CAD

	Impact of currency rate change on pre-tax loss
	10% increase		10% decrease
Cash and cash equivalents	$	11,629	$	(11,629)
Receivables and other		16,098		(16,098)
Marketable securities		1,647		(1,647)
Accounts payable and accrued liabilities		(5,234)		5,234

Schedule of carrying amount of financial assets represents the maximum credit exposure

	December 31,		December 31,
	2022		2021
Cash and cash equivalents	$	630,623	$	1,094,550
Short-term investments		11,649,079		—
	$	12,279,702	$	1,094,550

Schedule of contractual undiscounted cash flow requirements for contractual obligations

	Carrying		Contractual		Due within		Due within		Due within
	amount		cash flows		1 year		2 years		3 years
Accounts payable and accrued liabilities	$	97,825	$	97,825	$	97,825	$	—	$	—
	$	97,825	$	97,825	$	97,825	$	—	$	—

	Carrying	Contractual	Within	Within	Within
	Amount	Cash Flows	1 year	2 years	3 years
	$	$	$	$	$
Accounts payable and accrued liabilities	77,048	77,048	77,048	—	—
Total as at December 31, 2021	77,408	77,048	77,048	—	—

Schedule of financial assets and liabilities by level within the fair value hierarchy

As at December 31, 2022	Carrying value				Fair value
	FVTPL		Amortized cost		Level 1		Level 2		Level 3
Financial assets
Cash and cash equivalents	$	—	$	630,623	$	—	$	—	$	—
Short-term investments		—		11,649,079		—		—		—
Marketable securities		16,473		—		16,472		—		1
	$	16,473	$	12,279,702	$	16,472	$	—	$	1

As at December 31, 2021	Carrying value				Fair value
	FVTPL		Amortized		Level 1		Level 2		Level 3
			cost
Financial assets
Cash and cash equivalents	$	—	$	1,094,550	$	—	$	—	$	—
Marketable securities		196,847		—		193,572		—		3,275
	$	196,847	$	1,094,550	$	193,572	$	—	$	3,275