Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Statements of Changes in Shareholders' Equity

v3.26.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Number of common shares
Share capital
Reserves
Obligation to issue shares
Accumulated deficit
Accumulated other comprehensive loss
Total
Beginning balance, value at Dec. 31, 2022   $ 16,524,354 $ 6,197,158 $ 24,746 $ (15,696,842) $ (52,605) $ 6,996,811
Beginning balance, Share at Dec. 31, 2022 1,670,071            
Statement              
Pre-funded warrants exercised   532,181 (531,885)       296
Pre-funded warrants exercised (in shares) 328,777            
Share-based payments     120,984       120,984
Reclassification of derivative warrant liability     (318,000)       (318,000)
Comprehensive loss for the year         (2,158,065)   (2,158,065)
Ending balance, Value at Dec. 31, 2023   17,056,535 5,468,257 24,746 (17,854,907) (52,605) 4,642,026
Ending balance, Share at Dec. 31, 2023 1,998,848            
Statement              
Shares issued pursuant to private placement   1,387,549         1,387,549
Shares issued pursuant to private placement (shares) 1,219,717            
Pre-funded warrants issued     907,994       907,994
Share issuance costs   (331,541) (224,140)       (555,681)
Pre-funded warrants exercised   359,214 (359,211)       3
Pre-funded warrants exercised (in shares) 257,810            
Warrants exercised   21,814         21,814
Warrants exercised (in shares) 5,000            
Share-based payments     122,527       122,527
Reclassification of derivative warrant liability     123,651       123,651
Comprehensive loss for the year         (3,313,346)   (3,313,346)
Ending balance, Value at Dec. 31, 2024   18,493,571 6,039,078 24,746 (21,168,253) (52,605) 3,336,537
Ending balance, Share at Dec. 31, 2024 3,481,375            
Statement              
Shares issued pursuant to at-the-market offering   113,547         113,547
Shares issued pursuant to at-the-market offering (shares) 73,871            
Shares issued pursuant to private placement   1,400,156         1,400,156
Shares issued pursuant to private placement (shares) 1,996,442            
Pre-funded warrants issued     741,832       741,832
Share issuance costs   (547,288) (304,444)       (851,732)
Pre-funded warrants exercised   723,561 (723,547)       14
Pre-funded warrants exercised (in shares) 1,410,530            
Reversal of obligation to issue shares upon termination of agreement       $ (24,746)     (24,746)
Share-based payments     25,155       25,155
Comprehensive loss for the year         (2,656,304)   (2,656,304)
Ending balance, Value at Dec. 31, 2025   $ 20,183,547 $ 5,778,074   $ (23,824,557) $ (52,605) $ 2,084,459
Ending balance, Share at Dec. 31, 2025 6,962,218           109,596