Quarterly report pursuant to Section 13 or 15(d)

SHARE CAPITAL

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SHARE CAPITAL
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
SHARE CAPITAL

12. SHARE CAPITAL

 

On March 31, 2024, the Company owed $44,214 worth of stock-based compensation to Company officers. 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.

 

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares):

  

   

March 31,

2024

   

March 31,

2023

 
Warrants     6,218,226       250,759  
Options     61,712       27,653  
Convertible debentures     39,475,584       227,171  
Total anti-dilutive weighted average shares     45,755,522       505,583