v3.25.1
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Revenue $ 67,887 $ 16,281
Cost of sales 89,115 13,577
Gross profit (loss) (21,228) 2,704
OPERATING EXPENSES    
Wages and salaries 2,300,904 2,961,569
Write down of construction in progress deposit 1,963,304
Consulting 423,500 1,281,236
Professional fees 655,031 1,188,984
Office and administrative 669,310 1,041,725
Share based compensation 387,090 841,081
Depreciation and amortization 667,061 679,844
Investor and public relations 273,492 447,725
Lease expense 60,224 290,017
Sales and marketing 141,638 221,840
Shareholder and regulatory 165,779 121,472
Travel and entertainment 67,867 110,224
Research and development 211,354 6,589
Repairs and Maintenance 20,610
Write-off of inventory 38,470
Write-off of deposit 50,000
Legal Settlement 111,196
Intangible asset impairment 4,137,271
Total operating expenses 10,380,797 11,155,610
Operating loss (10,402,025) (11,152,906)
OTHER EXPENSES / (INCOME)    
Foreign exchange loss (gain) (204,218) 75,009
Change in fair value of derivative liabilities (1,392,530) (9,360,886)
Accretion of interest on debentures 2,978,722 7,963,299
Loss (gain) on conversion of convertible debt 1,627,858 1,190,730
Loss on debt extinguishment 2,805,306 680,935
Loss (gain) on extinguishment of warrant liability (14,769)
Change in fair value of long-term investment 97,488
Other loss 4,252 105,684
Write-off of deposit 12,000
Other income (29,319) (86,467)
Net loss (16,274,815) (11,733,210)
Other comprehensive loss    
Foreign currency translation (831,698) 316,114
Comprehensive loss $ (17,106,513) $ (11,417,096)
Earnings per share:    
Basic $ (22.81) $ (1,011.05)
Diluted $ (28.84) $ (1,011.05)
Weighted average number of common shares outstanding – basic and diluted*    
Basic [1] 713,627 11,605
Diluted [1] 407,311 11,605
[1] Periods presented have been adjusted retroactively to reflect the 1:50 reverse stock split effected on October 11, 2023, and the 1:100 reverse stock split effected on December 5, 2024. Additional information regarding the reverse stock splits may be found in Note 1 – Nature of Operations and Basis of Presentation included in the notes to the consolidated financial statements.

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