v3.25.3
Condensed Interim Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)
Common Shares
Treasury Shares
Accumulated Deficit
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2023 $ 49,661,910 $ (18,817,857) $ (74,009) $ 30,770,044
Balance (in Shares) at Dec. 31, 2023 50,002,089        
Balance (in Shares) at Dec. 31, 2023   306      
Proceeds from the exercise of warrants $ 4,605,458 4,605,458
Proceeds from the exercise of warrants (in Shares) 5,198,540        
Cashless exercise of stock options
Cashless exercise of stock options (in Shares) 22,484        
Stock-based compensation - stock options $ 522,862 522,862
Foreign currency translation adjustment (142,359) (142,359)
Net loss (2,476,888) (2,476,888)
Balance at Mar. 31, 2024 $ 54,790,230 (21,294,745) (216,368) 33,279,117
Balance (in Shares) at Mar. 31, 2024 55,223,113        
Balance (in Shares) at Mar. 31, 2024   306      
Balance at Dec. 31, 2023 $ 49,661,910 (18,817,857) (74,009) 30,770,044
Balance (in Shares) at Dec. 31, 2023 50,002,089        
Balance (in Shares) at Dec. 31, 2023   306      
Net loss         (7,343,580)
Balance at Sep. 30, 2024 $ 55,178,572 (26,161,437) (264,870) 28,752,265
Balance (in Shares) at Sep. 30, 2024 55,223,113        
Balance (in Shares) at Sep. 30, 2024   306      
Balance at Dec. 31, 2023 $ 49,661,910 (18,817,857) (74,009) 30,770,044
Balance (in Shares) at Dec. 31, 2023 50,002,089        
Balance (in Shares) at Dec. 31, 2023   306      
Balance at Dec. 31, 2024 $ 58,979,839 (28,929,894) (233,871) $ 29,816,074
Balance (in Shares) at Dec. 31, 2024 59,382,696       59,382,696
Balance (in Shares) at Dec. 31, 2024   306     306
Balance at Mar. 31, 2024 $ 54,790,230 (21,294,745) (216,368) $ 33,279,117
Balance (in Shares) at Mar. 31, 2024 55,223,113        
Balance (in Shares) at Mar. 31, 2024   306      
Stock-based compensation - stock options $ 236,442 236,442
Foreign currency translation adjustment (62,520) (62,520)
Net loss (2,625,522) (2,625,522)
Balance at Jun. 30, 2024 $ 55,026,672 (23,920,267) (278,888) 30,827,517
Balance (in Shares) at Jun. 30, 2024 55,223,113        
Balance (in Shares) at Jun. 30, 2024   306      
Stock-based compensation - stock options $ 151,900 151,900
Foreign currency translation adjustment 14,018 14,018
Net loss (2,241,170) (2,241,170)
Balance at Sep. 30, 2024 $ 55,178,572 (26,161,437) (264,870) 28,752,265
Balance (in Shares) at Sep. 30, 2024 55,223,113        
Balance (in Shares) at Sep. 30, 2024   306      
Balance at Dec. 31, 2024 $ 58,979,839 (28,929,894) (233,871) $ 29,816,074
Balance (in Shares) at Dec. 31, 2024 59,382,696       59,382,696
Balance (in Shares) at Dec. 31, 2024   306     306
Cashless exercise of stock options
Cashless exercise of stock options (in Shares) 3,850        
Stock-based compensation - stock options $ 279,857 279,857
Foreign currency translation adjustment (15,335) (15,335)
Net loss (2,637,615) (2,637,615)
Balance at Mar. 31, 2025 $ 59,259,696 (31,567,509) (249,206) 27,442,981
Balance (in Shares) at Mar. 31, 2025 59,386,546        
Balance (in Shares) at Mar. 31, 2025   306      
Balance at Dec. 31, 2024 $ 58,979,839 (28,929,894) (233,871) $ 29,816,074
Balance (in Shares) at Dec. 31, 2024 59,382,696       59,382,696
Balance (in Shares) at Dec. 31, 2024   306     306
Net loss         $ (5,728,741)
Balance at Sep. 30, 2025 $ 62,823,447 (34,658,635) (275,053) $ 27,889,759
Balance (in Shares) at Sep. 30, 2025 65,298,332       65,298,332
Balance (in Shares) at Sep. 30, 2025   306     306
Balance at Mar. 31, 2025 $ 59,259,696 (31,567,509) (249,206) $ 27,442,981
Balance (in Shares) at Mar. 31, 2025 59,386,546        
Balance (in Shares) at Mar. 31, 2025   306      
Private placement - June 2025, net of offering costs $ 3,331,687 3,331,687
Private placement - June 2025, net of offering costs (in Shares) 5,911,786        
Stock-based compensation - stock options $ 145,947 145,947
Foreign currency translation adjustment (17,107) (17,107)
Net loss (1,968,534) (1,968,534)
Balance at Jun. 30, 2025 $ 62,737,330 (33,536,043) (266,313) 28,934,974
Balance (in Shares) at Jun. 30, 2025 65,298,332        
Balance (in Shares) at Jun. 30, 2025   306      
Stock-based compensation - stock options $ 86,117 86,117
Foreign currency translation adjustment (8,740) (8,740)
Net loss (1,122,592) (1,122,592)
Balance at Sep. 30, 2025 $ 62,823,447 $ (34,658,635) $ (275,053) $ 27,889,759
Balance (in Shares) at Sep. 30, 2025 65,298,332       65,298,332
Balance (in Shares) at Sep. 30, 2025   306     306