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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
SUMMARY OF INCOME TAX PROVISION

For the year ended December 31, 2022 and 2021, loss before income tax provision consisted of the following:

 

   December 31, 2022   December 31, 2021 
         
Domestic operations - Canada  $(11,753,662)  $(6,202,837)
Foreign operations - United States   (1,119,440)   (440,279)
Total loss before taxes  $(12,873,102)  $(6,643,116)
SCHEDULE OF COMPONENTS OF INCOME TAX

Income tax expense (benefit) consists of the following for the years ended December 31, 2022 and December 31, 2021:

 

   December 31, 2022   December 31, 2021 
         
Loss before taxes  $(12,873,102)  $(6,643,116)
Statutory tax rate   27.00%   27.00%
Income taxes at the statutory rate  $(3,475,738)  $(1,793,641)
Change in fair value of derivative liabilities   (1,032,824)   (321,674)
Non-deductible accretion interest   747,719    - 
Stock-based compensation   484,035    253,556 
Share issue costs   (108,685)   (112,812)
Foreign currency translation   298,876    - 
Other   63,035    111,874 
Total  $(3,023,582)  $(1,862,697)
           
Change in valuation allowance  $3,023,582   $1,862,697 
Total income tax expense (benefit)  $-   $- 
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more likely than not that we will not realize those tax assets through future operations. Significant components of the Company’s deferred taxes are as follows:

 

   December 31, 2022   December 31, 2021 
Deferred tax assets:          
Unused net operating losses carry forward - Canada and United States  $7,572,932   $4,459,457 
Unused capital losses carry forward   

-

    40,962 
Share issue costs   130,732    

174,377

 
Other   (5,286)   - 
Total deferred tax assets   7,698,378    4,674,796 
Valuation allowance   (7,698,378)   (4,674,796)
   $-  

$

-