Annual report pursuant to Section 13 and 15(d)

EQUITY - Equity transactions (Details)

v3.24.1
EQUITY - Equity transactions (Details)
1 Months Ended 12 Months Ended
Jul. 01, 2023
USD ($)
Y
$ / shares
shares
Aug. 31, 2023
USD ($)
Y
$ / shares
shares
Oct. 31, 2022
USD ($)
Y
$ / shares
shares
Aug. 31, 2021
USD ($)
D
$ / shares
shares
Aug. 31, 2021
$ / shares
$ / shares
shares
Dec. 31, 2023
USD ($)
Y
$ / shares
shares
Dec. 31, 2022
USD ($)
Dec. 31, 2023
$ / shares
Jul. 01, 2023
$ / shares
COMMON SHARES                  
Reclassification of CAD denominated warrants from additional paid-in capital to warrant liability due to change in functional currency           $ (396,375)      
Gross proceeds from issuance allocated to common shares             $ 4,974,253    
Gross proceeds from issuance allocated to common shares warrants             1,520,401    
Share price | (per share)           $ 1.53   $ 1.30 $ 2.54
Net of issuance costs           $ 2,738,558 977,624    
Issuance costs allocated to the warrants     $ 249,733            
Warrant liability           94,185 1,859,374    
Change in fair value of warrant liability           $ (866,738) $ (1,561,987)    
Net proceeds allocated to Common Shares   $ 9,772,464              
Pre- funded warrants                  
COMMON SHARES                  
Warrants exercise price | $ / shares           $ 0.01      
Number of shares by each warrant entitles | shares           594,725      
Common Warrants                  
COMMON SHARES                  
Net proceeds allocated to Common Shares   7,972,736              
Compensation warrants | Intermediaries                  
COMMON SHARES                  
Warrants exercise price | $ / shares     $ 6.10            
Warrants exercisable term     5 years            
Amount of compensation paid     $ 597,780            
Number of warrants issued | shares     69,188            
Fair value of warrants     $ 317,000            
United States Dollar Denominated Warrants                  
COMMON SHARES                  
Number of warrants reclassified to permanent equity due to change in functional currency | shares 870,026                
Warrants with fair value $ 1,287,400                
Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Reclassification of CAD denominated warrants from additional paid-in capital to warrant liability due to change in functional currency $ 396,375                
Number of warrants reclassified to permanent equity due to change in functional currency | shares 687,591                
Canadian Dollar Denominated Warrants | Nonoperating Income (Expense)                  
COMMON SHARES                  
Warrant liability           $ 94,185      
Change in fair value of warrant liability           $ 302,190      
IPO                  
COMMON SHARES                  
Number of units issued | shares       2,096,357          
Price per unit | $ / shares       $ 9.60          
Gross proceeds from offering       $ 20,125,000          
Issuance costs of units       $ 2,109,657          
Number of common share per unit | shares       1 1        
Number of warrants per unit | shares       0.25 0.25        
Warrants exercise price | $ / shares       $ 12.60 $ 12.60        
Warrants exercisable term       5 years 5 years        
Term for acceleration of warrants       30 days          
Toronto Stock Exchange trading price | $ / shares         $ 37.80        
Number of consecutive trading days | D       10          
Private Placement                  
COMMON SHARES                  
Number of units issued | shares     1,383,755            
Price per unit | $ / shares     $ 5.40            
Gross proceeds from offering     $ 7,472,278            
Issuance costs of units     $ 1,227,357            
Number of common share per unit | shares     1            
Number of warrants per unit | shares     0.25            
Number of common share per warrant | shares     0.25            
Warrants exercise price | $ / shares     $ 7.50            
Warrants exercisable term     5 years            
August 2023 PIPE                  
COMMON SHARES                  
Issuance costs of units   $ 2,738,558              
Warrants exercisable term   5 years              
Number of shares issued | shares   9,945,969              
Gross proceeds from issuance allocated to common shares   $ 20,483,758              
Net of issuance costs   $ 466,658              
August 2023 PIPE | Pre- funded warrants                  
COMMON SHARES                  
Number of shares by each warrant entitles | shares   954,725              
Exercise price of warrant | $ / shares   $ 1.87              
August 2023 PIPE | Common Warrants                  
COMMON SHARES                  
Warrants exercise price | $ / shares   $ 1.75              
Number of shares by each warrant entitles | shares   10,900,604              
Exercise price of warrant | $ / shares   $ 1.88              
August 2023 PIPE | Compensation warrants                  
COMMON SHARES                  
Warrants exercise price | $ / shares   $ 1.75              
Number of shares by each warrant entitles | shares   327,020              
Minimum | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants exercise price | $ / shares                 12.00
Maximum | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants exercise price | $ / shares                 $ 28.80
Risk free interest rate                  
COMMON SHARES                  
Warrants, measurement input     4.10            
Risk free interest rate | Compensation warrants | Intermediaries                  
COMMON SHARES                  
Warrants, measurement input     4.10            
Risk free interest rate | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants, measurement input 0.0454         0.0388      
Risk free interest rate | August 2023 PIPE                  
COMMON SHARES                  
Warrants, measurement input   0.0436              
Exercise Price | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants, measurement input 12.80         10.80      
Volatility                  
COMMON SHARES                  
Warrants, measurement input     94.0            
Volatility | Compensation warrants | Intermediaries                  
COMMON SHARES                  
Warrants, measurement input     94.0            
Volatility | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants, measurement input 0.846         1.315      
Volatility | August 2023 PIPE                  
COMMON SHARES                  
Warrants, measurement input   1.073              
Expected life                  
COMMON SHARES                  
Warrants, measurement input | Y     5.0            
Expected life | Compensation warrants | Intermediaries                  
COMMON SHARES                  
Warrants, measurement input | Y     5.0            
Expected life | Canadian Dollar Denominated Warrants                  
COMMON SHARES                  
Warrants, measurement input | Y 2.3         1.7      
Expected life | August 2023 PIPE                  
COMMON SHARES                  
Warrants, measurement input | Y   5.5              
Accelerated warrants                  
COMMON SHARES                  
Outstanding balance of warrants           $ 931,000      
Accelerated warrants | Risk free interest rate                  
COMMON SHARES                  
Warrants, measurement input           4.14      
Accelerated warrants | Volatility                  
COMMON SHARES                  
Warrants, measurement input           87.5      
Accelerated warrants | Expected life                  
COMMON SHARES                  
Warrants, measurement input | Y           3.65      
Warrants.                  
COMMON SHARES                  
Price per unit | $ / shares     $ 5.40            
Number of warrants per unit | shares     0.25            
Gross proceeds from issuance allocated to common shares     $ 5,951,877            
Issuance costs allocated to the common shares     977,624            
Gross proceeds from issuance allocated to common shares warrants     $ 1,520,401            
Share price | $ / shares     $ 4.30            
Common share purchase warrants price | $ / shares     $ 1.10            
Outstanding balance of warrants           $ 928,500      
Warrants. | Risk free interest rate                  
COMMON SHARES                  
Warrants, measurement input           4.00      
Warrants. | Volatility                  
COMMON SHARES                  
Warrants, measurement input           86.0      
Warrants. | Expected life                  
COMMON SHARES                  
Warrants, measurement input | Y           4.8