Quarterly report [Sections 13 or 15(d)]

SUBSEQUENT EVENTS

v3.25.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

 

From April 1, 2025 through May 15, 2025, the Company issued 817,087 common shares upon conversion of convertible debt (principal and interest of $1,214,047).

 

On April 22, 2025, an Investor purchased a promissory note of $290,000. The promissory note has an original issue discount of $40,000 and a one-time interest charge of 12% ($34,800).

 

On May 1, 2025, the Company issued 117,206 common shares to the Executive Chair of the Company for completion of certain milestones.

 

On May 1, 2025, the Company issued 141,289 common shares to an executive of the Company as part of compensation to Company officers.

 

On May 9, 2025, the Company issued 50,000 common shares upon exercise of warrants.