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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  

 

Fair Value Measurements Using

Balance as at

    

Level 1

    

Level 2

    

Level 3

    

December 31, 2021

 

$

 

$

 

$

 

$

Assets

Cash

1,387,670

1,387,670

Marketable securities

245,410

4,152

249,562

Total assets measured at fair value

1,633,880

4,152

1,637,232

 

Fair Value Measurements Using

    

Balance as at 

Level 1

    

Level 2

    

Level 3

    

December 31, 2020

 

$

 

$

$

 

$

Assets

Cash

2,421,796

2,421,796

Marketable securities

375,000

51,109

426,109

Total assets measured at fair value

2,796,796

51,109

2,847,905

Schedule of maturity analysis of financial instrument liabilities

    

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