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

Consolidated Statements of Financial Position

v3.25.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current    
Cash $ 2,473,649 $ 3,447,665
Accounts receivable 17,637 60,711
Prepaid expenses 185,412 236,966
Deferred share issuance costs   323,441
Total Current Assets 2,676,698 4,068,783
Non-current    
Contract payments 1,200,000 1,200,000
Intangible assets 183,108 175,254
Property and equipment 34,721 23,927
Total Assets 4,094,527 5,467,964
Current    
Accounts payable and accrued liabilities 147,205 283,428
Derivative warrant liability 572,000 531,000
Lease obligation 38,785 11,510
Total Liabilities 757,990 825,938
Shareholders' Equity    
Share capital 18,493,571 17,056,535
Reserves 6,039,078 5,468,257
Obligation to issue shares 24,746 24,746
Accumulated other comprehensive loss (52,605) (52,605)
Accumulated deficit (21,168,253) (17,854,907)
Total Shareholders' Equity 3,336,537 4,642,026
Total Liabilities and Shareholders' Equity $ 4,094,527 $ 5,467,964