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FINANCIAL INSTRUMENT RISK (Tables)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
FINANCIAL RISK MANAGEMENT    
Schedule of Company's financial assets measured at fair value on a recurring basis  

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Fair Value Measurements Using

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Balance as at

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Level 1

    

Level 2

    

Level 3

    

December 31, 2021

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$

 

$

 

$

 

$

Assets

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Cash

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1,387,670

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—

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—

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1,387,670

Marketable securities

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245,410

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—

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4,152

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249,562

Total assets measured at fair value

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1,633,880

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—

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4,152

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1,637,232

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Fair Value Measurements Using

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Balance as at 

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Level 1

    

Level 2

    

Level 3

    

December 31, 2020

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$

 

$

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$

 

$

Assets

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Cash

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2,421,796

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—

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—

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2,421,796

Marketable securities

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375,000

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—

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51,109

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426,109

Total assets measured at fair value

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2,796,796

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—

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51,109

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2,847,905

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Schedule of maturity analysis of financial instrument liabilities

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Carrying

    

Contractual

    

Due within

    

Due within

    

Due within

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amount

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cash flows

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1 year

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2 years

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3 years

Accounts payable and accrued liabilities

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$

97,825

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$

97,825

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$

97,825

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$

—

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$

—

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$

97,825

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$

97,825

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$

97,825

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$

—

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$

—

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Carrying 

    

Contractual 

    

Within 

    

Within 

    

Within 

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Amount

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Cash Flows

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1 year

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2 years

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3 years

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$

 

$

 

$

 

$

 

$

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Accounts payable and accrued liabilities

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77,048

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77,048

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77,048

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—

Total as at December 31, 2021

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77,408

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77,048

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77,048

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—

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—

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