Promissory Note

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Promissory Note

12.       Promissory Note

On May 15, 2024, the Company entered into a Stock Purchase Agreement whereby it acquired the remaining 25% of ATHI representing 5,000,000 shares from the minority shareholder for gross proceeds of $1,100,000. The Company paid an initial deposit of $25,000 and on closing an additional $600,000. The Company issued a non-interest bearing promissory note for the remaining balance of $475,000, which promissory note is repayable in instalments of $10,000 a month on each monthly anniversary date of the agreement for months one to eight (eight instalments) and months ten through seventeen (eight instalments), and payments of $157,500 on month nine and month eighteen, for a total of $475,000.

The Company paid the first $10,000 instalment during June 2024.

	June 30, 2024		December 31, 2023
Promissory note	$	465,000	$	—
Disclosed as:
Current portion		267,500		—
Long-term portion		197,500		—
		465,000		—