| As at | September 30, 2024 | December 31, 2023 | |||||||
| Total assets | $ | 8,528,719 | $ | 8,330,292 | |||||
| Working capital | 3,549,345 | (717,017 | ) | ||||||
| Total non-current liabilities | 382,520 | 523,584 | |||||||
| Shareholders’ equity | $ | 4,360,959 | $ | 407,716 | |||||
| Number of shares outstanding | 3,825,208 | 1,969,183 | |||||||
(1) Shareholders’ equity and working capital as at September 30, 2024, includes a fair value of derivative liability of $1,252,005 (2023 - $4,196,125) and would otherwise be $5,612,964 (2023 - $4,603,841) and $4,801,350 (2023 - $3,479,108), respectively.
| 2024 Q3 | 2024 Q2 | 2023 Q3 | |||||||
| Revenue | $ | 1,885,322 | $ | 1,732,990 | $ | 2,138,017 | |||
| Cost of sales(2) | $ | (1,444,542 | ) | $ | (1,271,317 | ) | $ | (1,243,334 | ) |
| Gross profit ( 3) | $ | 440,780 | $ | 461,673 | $ | 894,683 | |||
| Gross margin – percentage | 23.4 | % | 26.6 | % | 41.8 | % | |||
| Operating expenses | $ | (4,125,078 | ) | $ | (4,395,923 | ) | $ | (6,356,139 | ) |
| Operating income (loss) | $ | (3,684,298 | ) | $ | (3,934,250 | ) | $ | (5,461,456 | ) |
| Operating loss per share - basic | $ | (1.10 | ) | $ | (1.38 | ) | $ | (3.14 | ) |
| Operating loss per share - diluted | $ | (1.10 | ) | $ | (1.38 | ) | $ | (3.14 | ) |
| Other income (expense) | $ | 3,484,104 | $ | (3,157,299 | ) | $ | 14,571 | ||
| Change in fair value of derivative liability (1) | $ | 3,575,559 | $ | (2,604,394 | ) | $ | - | ||
| Other comprehensive income (loss) | $ | (164,355 | ) | $ | (6,089 | ) | $ | (83,363 | ) |
| Comprehensive income (loss) | $ | (364,549 | ) | $ | (7,097,638 | ) | $ | (5,530,248 | ) |
| Comprehensive income (loss) per share - basic | $ | (0.11 | ) | $ | (2.51 | ) | $ | (3.18 | ) |
| Comprehensive income (loss) per share - diluted | $ | (0.11 | ) | $ | (2.51 | ) | $ | (3.18 | ) |
