| SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS |
Changes
in the fair value of the Company’s financial instruments for the nine months ended September 30, 2024 and 2023 were as follows:
SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS
| |
|
Level
1 |
|
|
Level
3 |
|
|
Level
3 |
|
|
|
|
| |
|
IPO
and Rep Warrants
|
|
|
Debenture Warrants
|
|
|
Debenture Convertible Feature
|
|
|
Total |
|
| Balance
at January 1, 2024 |
|
$ |
11,308 |
|
|
$ |
955,000 |
|
|
$ |
1,724,000 |
|
|
$ |
2,690,308 |
|
| Additions |
|
|
- |
|
|
|
1,175,000 |
|
|
|
854,000 |
|
|
|
2,029,000 |
|
| Conversions |
|
|
- |
|
|
|
- |
|
|
|
(2,572,123 |
) |
|
|
(2,572,123 |
) |
| Expiries |
|
|
(14,769 |
) |
|
|
- |
|
|
|
- |
|
|
|
(14,769 |
) |
| Change
in fair value |
|
|
4,102 |
|
|
|
(1,669,763 |
) |
|
|
467,106 |
|
|
|
(1,198,555 |
) |
| Effect
of exchange rate changes |
|
|
(617 |
)
|
|
|
(23,237 |
) |
|
|
(55,985 |
) |
|
|
(79,839 |
) |
| Balance
at September 30, 2024 |
|
$ |
24 |
|
|
$ |
437,000 |
|
|
$ |
416,998 |
|
|
$ |
854,022 |
|
| |
|
Level
1 |
|
|
Level
3 |
|
|
Level
3 |
|
|
|
|
| |
|
Equity Warrants
|
|
|
Debenture Warrants
|
|
|
Debenture Convertible Feature
|
|
|
Total |
|
| Balance
at January 1, 2023 |
|
$ |
275,115 |
|
|
$ |
2,917,000 |
|
|
$ |
1,457,000 |
|
|
$ |
4,649,115 |
|
| Balance |
|
$ |
275,115 |
|
|
$ |
2,917,000 |
|
|
$ |
1,457,000 |
|
|
$ |
4,649,115 |
|
| Additions |
|
|
45,120 |
|
|
|
2,378,000 |
|
|
|
1,599,000 |
|
|
|
4,022,120 |
|
| Conversions |
|
|
- |
|
|
|
- |
|
|
|
(529,340 |
) |
|
|
(529,340 |
) |
| Change
in fair value |
|
|
(259,123 |
) |
|
|
(4,960,112 |
) |
|
|
(939,832 |
) |
|
|
(6,159,067 |
) |
| Effect
of exchange rate changes |
|
|
5,456 |
|
|
|
(25,888 |
) |
|
|
(3,828 |
) |
|
|
(24,260 |
) |
| Balance
at September 30, 2023 |
|
$ |
66,568 |
|
|
$ |
309,000 |
|
|
$ |
1,583,000 |
|
|
$ |
1,958,568 |
|
| Balance |
|
$ |
66,568 |
|
|
$ |
309,000 |
|
|
$ |
1,583,000 |
|
|
$ |
1,958,568 |
|
|