v3.24.2.u1
Share Based Payments (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Transactions

Stock option transactions are summarized as follows:

 

   Number of   Weighted Average 
   Options   Exercise Price 
         
Balance, December 31, 2022   6,300,000   $0.10 
           
Balance, December 31, 2023   6,300,000   $0.10 
Granted   3,750,000    0.10 
           
Balance, June 30, 2024   10,050,000   $0.10 
           
Exercisable at June 30, 2024   10,050,000   $0.10 
           
Weighted average fair value of options granted       $0.10 
Schedule of Weighted Average Assumption of Stock Option Granted

The following weighted average assumption were used for the Black-Scholes valuation of the stock options granted:

 

   June 30, 2024   December 31, 2023 
         
Risk-free interest rate   4.02%   3.17%
Expected life of options   5 Years    5 Years 
Annualized volatility   294.32%   306.66%
Dividend rate   Nil    Nil