Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Shareholders' (Deficit) Equity

v3.24.2.u1
Condensed Consolidated Statements of Changes in Shareholders' (Deficit) Equity - USD ($)
Series 1 Preferred Stock [Member]
Preferred Stock Member
Series 2 Preferred Stock [Member]
Preferred Stock Member
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total
Balance at the beginning at Dec. 31, 2022       $ 79,101,061 $ (195,369) $ (80,253,464) $ (1,347,772)
Balance at the beginning (in shares) at Dec. 31, 2022 70,000,000   8,579,284        
Changes in Shareholders' Deficit              
Share-based compensation       266,701     266,701
Foreign currency translation         (175,816)   (175,816)
Net Income (Loss)           (7,271,405) (7,271,405)
Balance at the end at Jun. 30, 2023       79,367,762 (371,185) (87,524,869) (8,528,292)
Balance at the end (in shares) at Jun. 30, 2023 70,000,000   8,579,284        
Balance at the beginning at Mar. 31, 2023       79,233,571 (199,723) (85,212,895) (6,179,047)
Balance at the beginning (in shares) at Mar. 31, 2023 70,000,000   8,579,284        
Changes in Shareholders' Deficit              
Share-based compensation       134,191     134,191
Foreign currency translation         (171,462)   (171,462)
Net Income (Loss)           (2,311,974) (2,311,974)
Balance at the end at Jun. 30, 2023       79,367,762 (371,185) (87,524,869) (8,528,292)
Balance at the end (in shares) at Jun. 30, 2023 70,000,000   8,579,284        
Balance at the beginning at Dec. 31, 2023       97,590,426 (371,184) (93,465,946) 3,753,296
Balance at the beginning (in shares) at Dec. 31, 2023   1,166,667 18,885,254        
Changes in Shareholders' Deficit              
Share-based compensation       81,583     81,583
Issuance of Common Shares from ATM Offering, net of issuance costs (shares)     75,862        
Issuance of Common Shares from ATM Offering, net of issuance costs (value)       190,274     190,274
Re-measurement of liability-classified CAD stock options as of June 30, 2024       (43,486)     (43,486)
Net Income (Loss)           (6,258,745) (6,258,745)
Balance at the end at Jun. 30, 2024       97,818,797 (371,184) (99,724,691) (2,277,078)
Balance at the end (in shares) at Jun. 30, 2024   1,166,667 18,961,116        
Balance at the beginning at Mar. 31, 2024       97,549,317 (371,184) (97,101,034) 77,099
Balance at the beginning (in shares) at Mar. 31, 2024   1,166,667 18,961,116        
Changes in Shareholders' Deficit              
Share-based compensation       17,999     17,999
Re-measurement of liability-classified CAD stock options as of June 30, 2024       251,481     251,481
Net Income (Loss)           (2,623,657) (2,623,657)
Balance at the end at Jun. 30, 2024       $ 97,818,797 $ (371,184) $ (99,724,691) $ (2,277,078)
Balance at the end (in shares) at Jun. 30, 2024   1,166,667 18,961,116