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2. Summary of significant accounting policies <div> Basis of presentation and consolidation The accompanying unaudited condensed consolidated financial statements included herein have been prepared in conformity with generally accepted accounting principles in the United States ("GAAP") and under the rules and regulations of the United States Securities and Exchange Commission ("SEC") for interim reporting. The accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, that are necessary to present fairly the Company's financial position, results of operations, and cash flows. The condensed consolidated results of operations are not necessarily indicative of the results that may occur for the full fiscal year. Certain information and footnote disclosures of the Company normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted under the SEC's rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes thereto for the year ended December 31, 2025, included in the Company's Annual Report on Form 10-K, as amended, originally filed with the SEC on March 25, 2026 (the "2025 Annual Report"). These condensed consolidated financial statements include the financial statements of the Company and its subsidiaries, SkinJect, Inc., Medicus Pharma Inc. and Antev Limited ("Antev"). All intercompany balances and transactions have been eliminated on consolidation. Non-controlling interest in the consolidated financial statements represents the portion of Antev not 100% owned by the Company. The functional currency of the Company and its two wholly-owned subsidiaries, SkinJect, Inc. and Medicus Pharma Inc., is the United States dollar (USD). The functional currency of the Company's other subsidiary, Antev, is Pound Sterling (GBP). </div> <div> Foreign operations remeasurement and translation Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates, are generally recognized in the condensed consolidated statements of operations and comprehensive loss. The results and financial position of foreign operation which has functional currency different from presentation currency are translated into the presentation currency as follows: assets and liabilities are translated at the closing rate at the date of that statement of financial position, income and expenses are translated at average exchange rates, and all resulting translated exchange differences are recognized in a separate component of other comprehensive loss within the condensed consolidated statement of changes in shareholders equity. </div> <div> <div> Use of estimates </div> The preparation of these condensed consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements, and the reported amounts of income and expenses during the reporting period. Such estimates include the valuation of stock-based awards, the incremental borrowing rate used to discount the Company's operating lease liabilities, fair value of the Company's debentures and warrants, valuation allowance on deferred tax assets, all of which are management's best estimates. Estimates are based on historical experience, where applicable, and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in estimates in future years could be significant. Management believes that the estimates utilized in preparing the financial statements are reasonable, however, actual results could differ from those estimates. </div> <div> <div> Operating segments </div> Operating segments are identified as components of an entity about which separate discrete financial information is available for evaluation by the chief operating decision-maker ("CODM") in making decisions regarding resource allocation and assessing performance. The Company views its operations and manages its business in one operating segment. </div> Recently issued accounting pronouncements In November 2024, the FASB issued ASU 2024-03 "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures" to provide greater transparency about the components of specific expense categories in the income statements. The effective dates of ASU 2024-03 were subsequently clarified by ASU 2025-01. ASU 2025-01 is effective for our annual period beginning January 1, 2027, with early adoption permitted. We are currently evaluating the impact of adopting the amendment on the Company's financial statements. <div style="margin-top: 0px; margin-bottom: 0px;"> </div> There were no other significant updates to the recently issued accounting standards which may be applicable to the Company. Although there are several other new accounting pronouncements issued or proposed by the FASB, the Company does not believe any of those accounting pronouncements have had or will have a material impact on its financial position or operating results.

<div> Basis of presentation and consolidation The accompanying unaudited condensed consolidated financial statements included herein have been prepared in conformity with generally accepted accounting principles in the United States ("GAAP") and under the rules and regulations of the United States Securities and Exchange Commission ("SEC") for interim reporting. The accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, that are necessary to present fairly the Company's financial position, results of operations, and cash flows. The condensed consolidated results of operations are not necessarily indicative of the results that may occur for the full fiscal year. Certain information and footnote disclosures of the Company normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted under the SEC's rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and accompanying notes thereto for the year ended December 31, 2025, included in the Company's Annual Report on Form 10-K, as amended, originally filed with the SEC on March 25, 2026 (the "2025 Annual Report"). These condensed consolidated financial statements include the financial statements of the Company and its subsidiaries, SkinJect, Inc., Medicus Pharma Inc. and Antev Limited ("Antev"). All intercompany balances and transactions have been eliminated on consolidation. Non-controlling interest in the consolidated financial statements represents the portion of Antev not 100% owned by the Company. The functional currency of the Company and its two wholly-owned subsidiaries, SkinJect, Inc. and Medicus Pharma Inc., is the United States dollar (USD). The functional currency of the Company's other subsidiary, Antev, is Pound Sterling (GBP). </div>

<div> <div> Use of estimates </div> The preparation of these condensed consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements, and the reported amounts of income and expenses during the reporting period. Such estimates include the valuation of stock-based awards, the incremental borrowing rate used to discount the Company's operating lease liabilities, fair value of the Company's debentures and warrants, valuation allowance on deferred tax assets, all of which are management's best estimates. Estimates are based on historical experience, where applicable, and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in estimates in future years could be significant. Management believes that the estimates utilized in preparing the financial statements are reasonable, however, actual results could differ from those estimates. </div>

<div> 3. Balance sheet components Prepaid expenses include the following: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;">March 31, 2026</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;">December 31, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Insurance</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">218,810</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">345,084</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Contract research organizations</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">390,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">410,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Professional services</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">298,525</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">300,033</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Prepaid services</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">9,621</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">31,004</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">916,956</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">1,086,121</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table> Accrued expenses and other current liabilities include the following: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">March 31, 2026 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">December 31, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Accrued legal fees</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">291,476</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">352,864</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Accrued compensation and benefits</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">248,910</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">300,181</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Accrued other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">498,346</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">342,245</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%;">1,038,731</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%;">995,290</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> </div>

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;">March 31, 2026</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;">December 31, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; border-top: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Insurance</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">218,810</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">345,084</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Contract research organizations</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">390,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">410,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Professional services</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">298,525</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">300,033</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Prepaid services</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">9,621</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">31,004</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">916,956</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">1,086,121</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table>

218810

345084

390000 410000 298525 300033 9621 31004

916956

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">March 31, 2026 </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;">December 31, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; border-top: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Accrued legal fees</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">291,476</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">352,864</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Accrued compensation and benefits</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">248,910</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">300,181</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Accrued other</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">498,346</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%; background-color: #e1ebf7;">342,245</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%;">1,038,731</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: right; width: 17%;">995,290</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 1.5pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table>

291476

352864

248910

300181

498346

342245

1038731

995290

<div> 4. Leases As of March 31, 2026, the Company had one operating lease for its corporate office that commenced in 2024, for which the Company recorded a right-of-use asset and lease liability as of the commencement date. The Company's lease does not contain a purchase option. Where the Company's lease contains an option to extend the lease term, the extended lease term is only included in the measurement of the lease when it is reasonably certain to remain in the lease beyond the non-cancellable term. The Company's lease also contains variable lease costs, which pertain to common area maintenance and other operating charges, that are expensed as incurred. Balance sheet information related to the Company's lease is presented below: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">December 31, 2025 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Operating lease</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating lease right-of-use assets</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">144,331</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">170,733</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Operating lease liabilities - current</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">145,456</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">145,456</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating lease liabilities - non-current</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">24,168</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">60,139</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table> Other information related to leases is presented below: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="4" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Three months ended March 31,</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Lease cost</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating lease cost</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">30,944</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">30,945</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Other information</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating cash flows used in operating leases</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">(36,091</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">(35,040</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;">)</td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Remaining lease term (in years)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> 1.25 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> 2.17 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Discount rate</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">10%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">10%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table> As of March 31, 2026, the annual future minimum lease payments of the Company's operating lease liabilities were as follows: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">2026</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">147,613</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; width: 80%;">2027</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">37,174</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Total future minimum lease payments, undiscounted</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e1ebf7; width: 17%;">184,787</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; width: 80%;">Present value discount</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">(10,393</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; width: 2%;">)</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Total lease liability</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; background-color: #e1ebf7; width: 17%;">174,394</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> </table> </div>

144331

170733

145456

24168

60139

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="4" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Three months ended March 31,</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Lease cost</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating lease cost</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">30,944</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">30,945</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Other information</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Operating cash flows used in operating leases</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">(36,091</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">(35,040</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;">)</td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Remaining lease term (in years)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> 1.25 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;"> 2.17 </td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Discount rate</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">10%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">10%</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table>

30944

30945

36091

35040

P1Y3M

P2Y2M1D

0.10

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">2026</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">147,613</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; width: 80%;">2027</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">37,174</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Total future minimum lease payments, undiscounted</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; background-color: #e1ebf7; width: 17%;">184,787</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; width: 80%;">Present value discount</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; width: 17%;">(10,393</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; width: 2%;">)</td> </tr> <tr> <td style="padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Total lease liability</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: right; background-color: #e1ebf7; width: 17%;">174,394</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 2.25pt double #000000; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> </table>

147613

37174

184787

10393

174394

<div> 5. Share capital Authorized The Company has authorized an unlimited number of common shares participating, voting and without par value. Each holder of common shares is entitled to one vote for each share owned on all matters voted upon by shareholders. Regulation A Offering On March 10, 2025, the Company closed a Tier II Regulation A offering for gross proceeds of $4,172,000. The Company issued 1,490,000 units at a price of $2.80 per unit. Each unit consisted of one common share of the Company and one warrant to purchase one common share of the Company (each a "Regulation A Warrant"). The Regulation A Warrants have an exercise price of $2.80 per share and will expire 5 years from the date of issuance on March 10, 2030. The Company incurred total issuance costs of $483,020, including legal fees and placement fees directly related to the issuance. The issuance costs incurred were recognized as a reduction in equity and allocated based on the relative fair values of the Regulation A Warrants and common shares on a standalone basis. The fair value of the common shares was based on the Company's share price on the day of issuance of $3.40 and the fair value of the Regulation A Warrants was $2.63 per warrant. The Regulation A Warrants were recognized in additional paid-in capital as they met the criteria for equity classification. The Company's Regulation A Warrants are not actively traded and are therefore classified as Level 3 within the fair value hierarchy. The fair value of these warrants is estimated using a Black-Scholes option pricing model. The valuation incorporates significant unobservable inputs and management judgment. During the three months ended March 31, 2025, 5,000 of the 1,490,000 Regulation A Warrants were exercised. No Regulation A Warrants were exercised during the three months ended March 31, 2026. The fair value of the Regulation A Warrants were estimated using the Black-Scholes model with the following assumptions: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; margin-left: auto; margin-right: auto; width: 100%;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap; width: 80%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 17%;">Issue Date March 10, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Valuation date share price</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">3.40</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Exercise price</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%;">2.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Dividend yield</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Risk-free interest rate</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">3.98%</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Expected warrant life</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">5.00 years</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Expected volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">97.81%</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> </table> Warrant activity as below: <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Number of common share warrants outstanding</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Weighted average exercise price $</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Weighted average remaining life (years)</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding as at December 31, 2025</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">7,281,795</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">2.70</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;"> 4.90 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Warrants granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Warrants exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify;">Total Warrants outstanding as at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;">7,281,795</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;">2.70</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"> 4.66 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table> The number of warrants outstanding as at the three months ended March 31, 2026: <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="9" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Warrants outstanding</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;">Expiry date</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Exercise price</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number outstanding</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number exercisable </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e1ebf7;">Warrants issued as part of the IPO</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e1ebf7;"> November 15, 2029 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">4.64</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">985,595</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">985,595</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Regulation A Warrants</td> <td style="vertical-align: bottom; text-align: justify;"> March 10, 2030 </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">16,200</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">16,200</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">June 30, 2030 Warrants</td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> June 2, 2030 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">3.10</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">2,260,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">2,260,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Series C and D Warrants</td> <td style="vertical-align: bottom; text-align: justify;"> June 5, 2031 </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">4,020,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">4,020,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> </table> </div> Standby Equity Purchase Agreement On February 10, 2025, the Company also announced that it had entered into a standby equity purchase agreement (the "SEPA") with YA II PN, Ltd. ("Yorkville"). Pursuant to the SEPA and subject to the satisfaction of certain conditions, Yorkville has committed to purchase the Company's common shares, no par value, in increments up to an aggregate gross sales price of $15,000,000 during the 36 months following the date of the SEPA (such shares, the "Shares"). The Shares will be sold at the Company's option pursuant to the SEPA at 97% of the Market Price (as defined pursuant to the SEPA) and purchases are subject to certain limitations set forth in the SEPA. For the three month period ended March 31, 2026, the Company issued 5,336,780 common shares at market price of $4,229,823 for proceeds of $4,102,740. During the three months ended March 31, 2026, $3,223,980 of the gross proceeds were held back to partially repay the Company's outstanding debenture and interest to Yorkville. <div> </div> On December 29, 2025, the Company entered into an equity distribution agreement (the "ATM Agreement") with Maxim Group LLC and Yorkville Securities LLC ("Yorkville Securities" and together with Maxim Group LLC, the "Agents") to create an at-the-market equity program (the "ATM"). Under the ATM Agreement, the Company may offer and sell its common shares from time to time through the Agents. The Company agreed to pay the Agents a commission equal to 3% of the gross sales from the sales of the shares pursuant to the ATM Agreement. For the three months ended March 31, 2026, the Company has issued 9,482,380 common shares as part of the program. The gross proceeds from the issuance were $5,808,013. </div>

4172000

1490000

2.8

2.8 P5Y

483020

3.4 2.63 5000 1490000

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; margin-left: auto; margin-right: auto; width: 100%;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap; width: 80%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; white-space: nowrap; text-align: right; width: 17%;">Issue Date March 10, 2025</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Valuation date share price</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">3.40</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Exercise price</td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 17%;">2.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Dividend yield</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Risk-free interest rate</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">3.98%</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Expected warrant life</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">5.00 years</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Expected volatility</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">97.81%</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> </table>

3.4

2.8

0.0398

97.81

<table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Number of common share warrants outstanding</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Weighted average exercise price $</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;">Weighted average remaining life (years)</td> <td style="vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding as at December 31, 2025</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">7,281,795</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">2.70</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;"> 4.90 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Warrants granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Warrants exercised</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify;">Total Warrants outstanding as at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;">7,281,795</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;">2.70</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 17%;"> 4.66 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> </table>

7281795

2.7 P4Y10M24D 0 0 0 0

7281795

2.7 P4Y7M28D

<div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> <td colspan="9" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">Warrants outstanding</td> <td colspan="1" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: justify; white-space: nowrap;">Expiry date</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Exercise price</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number outstanding</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number exercisable </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e1ebf7;">Warrants issued as part of the IPO</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: justify; background-color: #e1ebf7;"> November 15, 2029 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">4.64</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">985,595</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">985,595</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Regulation A Warrants</td> <td style="vertical-align: bottom; text-align: justify;"> March 10, 2030 </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2.80</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">16,200</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">16,200</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">June 30, 2030 Warrants</td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> June 2, 2030 </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">3.10</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">2,260,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">2,260,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;">Series C and D Warrants</td> <td style="vertical-align: bottom; text-align: justify;"> June 5, 2031 </td> <td style="vertical-align: bottom; text-align: left; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; width: 12%;">2.00</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">4,020,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">4,020,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> </table> </div>

November 15, 2029

4.64

985595

985595 March 10, 2030

2.8

16200

16200 June 2, 2030

3.1

2260000

2260000 June 5, 2031

4020000

15000000

0.97

5336780

4229823

4102740

3223980 0.03

9482380

5808013

<div> 6. Stock-based compensation At March 31, 2026, the Company had in place a stock option plan for employee, non-employee directors, and consultants of the Company (the "Plan"). The Plan provides both for the direct award or sale of shares and for the grant of options to purchase shares. Under the plan, the total number of shares available for options cannot exceed 10% of the Company's issued and outstanding common shares at the time of any grant. The Company is authorized to issue options to employees, non-employee directors and consultants under the plan. On March 30, 2026, the Company issued 975,000 stock options to individuals of the Company consisting of its directors, officers, and employees. The options are exercisable at $0.50 per share, expire five years from the grant date, and vest over a one-year period. The following table summarizes option transactions for the Plan: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number of options</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Weighted average exercise price $</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Aggregate intrinsic value $</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding at December 31, 2024</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1,185,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.47</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.18</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Outstanding at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1,185,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1.43</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 3.94 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1.15</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Exercisable at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">927,500</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.02</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 3.59 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.57</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Unvested at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">257,500</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2.56</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 4.69 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">0.03</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Outstanding at December 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2,505,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2.05</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 2.75 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 21.2pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">975,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">0.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.31 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 21.2pt; vertical-align: bottom; text-align: justify;">Forfeited</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">(45,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1.79</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">3,435,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.61</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Exercisable at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">1,608,750</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">1.92</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"> 3.50 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Unvested at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1,826,250</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.33</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.79 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table> As of March 31, 2026, there were $1,372,350 of unrecognized stock-based compensation cost related to share options outstanding, which is expected to be recognized over a weighted-average period of 0.79 years. The weighted average grant date fair value of awards for options granted during the three months ended March 31, 2026 was $0.28. The fair value of options granted was estimated using the Black-Scholes option pricing model, resulting in the following weighted average assumptions for the options granted: <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%;"> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">March 31, 2026 Weighted-average</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Exercise price</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;">0.50</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Share price</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">0.41</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Dividend</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;">-</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Risk-free interest rate</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">3.97%</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Estimated life (in years)</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;"> 5 </td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Expected volatility</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">89.44%</td> </tr> </table> For the three months ended March 31, 2026 and 2025, stock-based compensation expense was $599,306 and $112,277. Stock-based compensation expense has been reported in the Company's condensed consolidated statements of operations and comprehensive loss within the line items 'general and administrative' expenses. </div>

0.10

975000

0.5

P5Y

P1Y

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Number of options</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Weighted average exercise price $</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Weighted average remaining contractual life (years)</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">Aggregate intrinsic value $</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding at December 31, 2024</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1,185,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.47</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.18</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Outstanding at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1,185,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1.43</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 3.94 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">1.15</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Exercisable at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">927,500</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.02</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 3.59 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.57</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Unvested at March 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">257,500</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2.56</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 4.69 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">0.03</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Outstanding at December 31, 2025</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2,505,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">2.05</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;"> 2.75 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 21.2pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Granted</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">975,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">0.50</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.31 </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 21.2pt; vertical-align: bottom; text-align: justify;">Forfeited</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">(45,000</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">1.79</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Outstanding at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">3,435,000</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.61</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.18 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify;">Exercisable at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">1,608,750</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">1.92</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;"> 3.50 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="padding-right: 5.75pt; padding-left: 5.75pt; vertical-align: bottom; text-align: justify; background-color: #e1ebf7;">Unvested at March 31, 2026</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1,826,250</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">1.33</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;"> 4.79 </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: right; width: 12%; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> </table>

1185000

1.47

P4Y2M4D

1.18

1185000

1.43

P3Y11M8D

1.15

927500

1.02

P3Y7M2D

1.57

257500

2.56

P4Y8M8D

0.03

2505000

2.05

P2Y9M

975000

0.5

P4Y3M21D

45000

1.79

3435000

1.61

P4Y2M4D

1608750

1.92

P3Y6M

1826250

1.33

P4Y9M14D

1372350

P0Y9M14D

0.28

<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; font-size: 10pt; width: 100%;"> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; text-align: right; white-space: nowrap;">March 31, 2026 Weighted-average</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Exercise price</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;">0.50</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Share price</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">0.41</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Dividend</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;">-</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Risk-free interest rate</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">3.97%</td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; background-color: #e1ebf7; text-align: justify;">Estimated life (in years)</td> <td style="width: 24.1%; vertical-align: bottom; background-color: #e1ebf7; text-align: right;"> 5 </td> </tr> <tr> <td style="width: 71.56%; vertical-align: bottom; text-align: justify;">Expected volatility</td> <td style="width: 24.1%; vertical-align: bottom; text-align: right;">89.44%</td> </tr> </table>

0.5

0.41

0.0397

P5Y

0.8944

599306

112277

125000

100000

375000

300000

443497 40865

147223

118215

<div> 8. Fair value measurements <div> The accounting guidance for fair value establishes a consistent framework for measuring fair value and expands disclosure for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the accounting guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than the quoted prices in active markets that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, or which require the reporting entity to develop its own assumptions. The Company's cash and cash equivalents are classified as Level 1. The fair value of the Company's cash and cash equivalents is determined based on market pricing that is both objective and publicly available. As of March 31, 2026 and December 31, 2025, the fair value of the Company's cash and cash equivalents was $6,365,624 and $8,705,218, respectively. As of March 31, 2026 and December 31, 2025, the Company's cash equivalents are invested in money market funds. <div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="10" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">March 31, 2026</td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 1</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 2</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 3</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 10.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Current assets:</td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 21.6pt; text-indent: -10.8pt;">Cash and cash equivalents</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">6,365,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">6,365,624</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 46.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Total assets measured at fair value</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">6,365,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">6,365,624</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td colspan="10" style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%; white-space: nowrap;"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">December 31, 2025</td> <td colspan="1" style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 1</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 2</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 3</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Total</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 10.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Current assets:</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 21.6pt; text-indent: -10.8pt;">Cash and cash equivalents</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">8,705,218</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">8,705,218</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 46.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Total assets measured at fair value</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">8,705,218</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">8,705,218</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> </tr> </table> </div> The Company did not reclassify any investments between levels in the fair value hierarchy during the periods presented. The carrying value of the debenture approximates the fair value since the financial instrument is short-term with a maturity date of September 17, 2026. As of March 31, 2026 and December 31, 2025, the carrying amounts of the Company's other financial instruments, which include cash and cash equivalents, accounts payable and accrued expenses approximate fair values because of their short-term maturities. </div> </div>

6365624

8705218

<div> <table cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font-size: 10pt; border-color: #000000;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td colspan="10" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">March 31, 2026</td> <td colspan="1" style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 1</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 2</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Level 3</td> <td style="vertical-align: bottom; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;">Total</td> <td style="vertical-align: bottom; text-align: center; border-bottom: 0.75pt solid #000000; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 10.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Current assets:</td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 21.6pt; text-indent: -10.8pt;">Cash and cash equivalents</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">6,365,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">6,365,624</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 46.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Total assets measured at fair value</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">6,365,624</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">6,365,624</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td colspan="10" style="vertical-align: bottom; text-align: right; width: 12%;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td colspan="1" style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%; white-space: nowrap;"> </td> <td colspan="10" style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">December 31, 2025</td> <td colspan="1" style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap;"> </td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 1</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 2</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Level 3</td> <td style="vertical-align: bottom; width: 2%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: center; white-space: nowrap;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: center; white-space: nowrap;">Total</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%; white-space: nowrap;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 10.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Current assets:</td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 1%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: right; width: 12%; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; text-align: left; width: 2%; background-color: #e1ebf7;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 21.6pt; text-indent: -10.8pt;">Cash and cash equivalents</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">8,705,218</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left;"> </td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 1%; text-align: left;">$</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 12%; text-align: right;">8,705,218</td> <td style="vertical-align: bottom; border-bottom: 0.75pt solid #000000; width: 2%; text-align: left;"> </td> </tr> <tr> <td style="vertical-align: bottom; padding-left: 46.8pt; text-indent: -10.8pt; background-color: #e1ebf7;">Total assets measured at fair value</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">8,705,218</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">-</td> <td style="vertical-align: bottom; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 1%; text-align: left; background-color: #e1ebf7;">$</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 12%; text-align: right; background-color: #e1ebf7;">8,705,218</td> <td style="vertical-align: bottom; border-bottom: 2.25pt double #000000; width: 2%; text-align: left; background-color: #e1ebf7;"> </td> </tr> </table> </div>

6365624

8705218

<div> <div> 9. Commitments and contingencies Commitments As part of the acquisition of Antev, the Company may be required to make future payments contingent on the achievement of specified milestones. These potential payments represent a commitment and may result in future cash outflows. As these milestones conditions are not considered probable, the Company has not recognized liability related to the contingent consideration. As of March 31, 2026, the Company had no other long-term commitments. Contingencies In the ordinary course of business, from time to time, the Company may be involved in various claims related to operations, rights, commercial, employment or other claims. Although such matters cannot be predicted with certainty, management does not consider the Company's exposure to such claims to be material to these consolidated financial statements. </div> </div>

<div> 11. Debentures On September 17, 2025, the Company entered into a securities purchase agreement with Yorkville to issue a debenture with the principal amount of $8,000,000 issued at a discount of $633,707 for proceeds of approximately $7,366,293. Interest will accrue on the outstanding principal amount of the debenture at an annual rate of 8%, subject to a potential increase to 18% per annum upon the occurrence of certain events of default. The debenture will mature on September 17, 2026, and will be repaid using proceeds from the SEPA. The debenture was initially recorded at fair value, based on the discounted proceeds. Subsequently, the Company accounted for the debenture at amortized cost using the effective interest rate method, resulting in accretion expense of $374,712 for the three months ended March 31, 2026. The effective interest rate calculated was 32.75% as of March 31, 2026. <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap; width: 80%;">Debenture issued on September 17, 2025:</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 17%;">March 31, 2026</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Net balance as at December 31, 2025</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">5,245,543</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Repayment of new debenture</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">(3,180,084</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Interest accretion</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">374,712</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Interest payment</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; width: 17%;">(96,393</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%;">)</td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Ending balance</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 17%;">2,343,778</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 2%;"> </td> </tr> </table> </div> </div>

8000000

633707

7366293

0.08

0.18

2026-09-17

374712 0.3275

<div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; border-color: #000000; font-size: 10pt; width: 100%;"> <tr> <td style="vertical-align: bottom; text-align: justify; white-space: nowrap; width: 80%;">Debenture issued on September 17, 2025:</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 17%;">March 31, 2026</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; white-space: nowrap; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Net balance as at December 31, 2025</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">5,245,543</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Repayment of new debenture</td> <td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 17%;">(3,180,084</td> <td style="vertical-align: bottom; text-align: left; width: 2%;">)</td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Interest accretion</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; background-color: #e1ebf7; width: 17%;">374,712</td> <td style="vertical-align: bottom; text-align: left; background-color: #e1ebf7; width: 2%;"> </td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; width: 80%;">Interest payment</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; border-bottom: 0.75pt solid #000000; width: 17%;">(96,393</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 0.75pt solid #000000; width: 2%;">)</td> </tr> <tr> <td style="vertical-align: bottom; text-align: justify; background-color: #e1ebf7; width: 80%;">Ending balance</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 1%;">$</td> <td style="vertical-align: bottom; text-align: right; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 17%;">2,343,778</td> <td style="vertical-align: bottom; text-align: left; border-bottom: 2.25pt double #000000; background-color: #e1ebf7; width: 2%;"> </td> </tr> </table> </div>

5245543

3180084

374712 96393

2343778

<div> 13. Subsequent events On April 23, 2026, the Company and the Agents entered into an amendment to the Equity Distribution Agreement, up-sizing the ATM program from $15.3 million to up to $50 million. Subsequent to the period ended March 31, 2026, the Company completed sales under its ATM pursuant to which it issued 14,669,002 common shares for gross proceeds of approximately $5,370,098 or approximately $5,208,995 after incurring commissions payable to the Agents. </div>

15300000

50000000

14669002

5370098

5208995