Quarterly report [Sections 13 or 15(d)]

SHARE CAPITAL

v3.25.1
SHARE CAPITAL
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
SHARE CAPITAL

14. SHARE CAPITAL

 

On June 17, 2024 the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements. No shares were repurchased under the Repurchase Program.

 

As at March 31, 2025, the Company owed $44,214 worth of stock-based compensation to a former officer of the Company. The balance issuable was classified as an Obligation to issue shares.

 

Basic and diluted net loss per share represents the loss attributable to shareholders divided by the weighted average number of shares and prefunded warrants outstanding during the period on an as converted basis.