v3.26.1
Note 11 - Warrants
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Warrants [Text Block]

11. Warrants

 

 

The following table summarizes the number of warrants outstanding at December 31, 2025 and 2024:

 

  

December 31, 2025

  

Weighted Average Exercise Price - USD

  

December 31, 2024

  

Weighted Average Exercise Price - USD

 
                 

Balance - beginning of year

  18,750,000  $0.77   -  $- 

Exercised

  -  $-   -  $- 

Issued

  -  $-   18,750,000  $0.77 

Expired

  -  $-   -  $- 

Balance - end of year

  18,750,000  $0.77   18,750,000  $0.77 

 

On   March 7, 2024, the Company issued and sold 18,750,000 units of the Company (the “Units”) at a public offering price of $0.60 per unit (the "Offering"). Each Unit consisted of one share (each, a “Share”) of common stock, no par value, of the Company (“Common Stock”) and one warrant. Each warrant (a “Warrant”) entitles the holder to purchase one share of Common Stock for a period of 5 years following the closing date of the Offering at an exercise price of US$0.77, subject to adjustments in certain events.  The warrants expire on March 7, 2029.