| Schedule of fair value of the convertible debentures |
| | | | | | | | | | | | 2022 | | 2020 | | | Year ended December 31, 2025 | | Debentures | | Debentures | | Total | Fair value, start of period | | $ | 4,870,701 | | $ | 25,408,605 | | $ | 30,279,306 | Conversion of 2020 Debentures | | | — | | | (24,123,607) | | | (24,123,607) | Change in fair value in the period included in profit and loss | | | 575,341 | | | (1,284,998) | | | (709,657) | Change in fair value in the period included in OCI | | | (15,183) | | | — | | | (15,183) | Fair value, end of period | | $ | 5,430,859 | | $ | — | | $ | 5,430,859 |
| | | | | | | | | | | | 2022 | | 2020 | | | | Year ended December 31, 2024 | | Debentures | | Debentures | | Total | Fair value, start of period | | $ | 5,884,208 | | $ | 31,564,033 | | $ | 37,448,241 | Change in fair value in the period included in profit and loss | | | (948,228) | | | (6,155,428) | | | (7,103,656) | Change in fair value in the period included in OCI | | | (65,279) | | | — | | | (65,279) | Fair value, end of period | | $ | 4,870,701 | | $ | 25,408,605 | | $ | 30,279,306 |
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| Summary of assumptions used to estimate the fair value of the convertible debentures |
| | | | | | | | | | | | | | | 2022 Debentures | | 2020 Debentures1 | | | December 31, | | December 31, | | December 31, | | December 31, | | | 2025 | | 2024 | | 2025 | | 2024 | Expected stock price volatility | | | 60.00 | % | | 44.00 | % | | — | | | — | Expected life (years) | | | 1.9 | | | 2.9 | | | — | | | — | Risk free interest rate | | | 2.46 | % | | 2.68 | % | | — | | | — | Expected dividend yield | | | 0.00 | % | | 0.00 | % | | — | | | — | Credit spread | | | 23.12 | % | | 23.05 | % | | — | | | — | Underlying share price of the Company | | $ | 12.49 | | $ | 10.36 | | $ | 8.67 | | $ | 10.36 | Conversion price | | $ | 17.32 | | $ | 17.32 | | $ | 3.52 | | $ | 3.52 | Exchange rate ($:US$) | | | 1.3711 | | | 1.4388 | | | 1.3797 | | | 1.4388 |
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