v3.25.1
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 344,416
Cost of Sales 265,393
Gross profit 79,023
Operating expenses    
Wages and salaries 604,399 388,604
Consulting 100,359 102,915
Professional fees 138,500 170,392
Office and administrative 184,476 295,202
Investor and public relations 68,516 25,280
Depreciation and amortization 275,395 166,998
Share based compensation 127,165 25,340
Sales and marketing 46,533 25,228
Lease expense (Note 16) 8,277 44,170
Travel and entertainment 15,990 4,683
Shareholder and regulatory 75,819 55,964
Research and development 233,179 3,585
Inventory write-off 38,470
Severance expense 144,928
Repairs and maintenance 85,669
Bitcoin unrealized gain (loss) market valuation 36,385
Total operating expenses 2,145,590 1,346,831
Operating loss (2,066,567) (1,346,831)
Other expenses (income)    
Accretion of interest on debentures (Note 10) 971,343 1,364,205
(Gain) loss on conversion of convertible debt (Note 10) (86,563) 272,732
Loss on debt extinguishment (Note 10) 115,384 410,433
Change in fair value of derivative liabilities (Note 13) (2,976,911) 23,769
Foreign exchange gain (loss) 56,159 (54,631)
Other loss 4,252
Other income (524) (39,891)
Net loss (145,455) (3,327,700)
Other comprehensive income (loss)    
Foreign currency translation 37,156 (279,905)
Comprehensive loss attributable to common shareholders $ (108,299) $ (3,607,605)
Earnings per share:    
Basic $ (0.09) $ (26.32)
Diluted $ (1.17) $ (26.32)
Weighted average number of common shares outstanding – basic and diluted*    
Basic [1] 1,661,921 126,438
Diluted [1] 5,780,930 126,438
[1] reflects the 1:100 reverse stock split effected on December 5, 2024.

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