v3.26.1
Capital stock (Tables)
12 Months Ended
Dec. 31, 2025
Capital stock  
Schedule of shares issued and outstanding

 

 

Number of common shares

 

 

Amount

 

Balance, December 31, 2023(1)

 

 

10,436,313

 

 

$81,014

 

Balance, December 31, 2024

 

 

10,436,313

 

 

$81,014

 

Balance, December 31, 2025

 

 

10,436,313

 

 

$81,014

 

Schedule of changes in stock options

Year ended December 31, 2024

 

Options

 

 

Weighted

average

exercise

price

 

Balance, beginning of year

 

 

1,237,700

 

 

$1.72

 

Granted

 

 

40,000

 

 

 

1.25

 

Forfeited, cancelled or expired

 

 

(115,700)

 

 

(1.55)

Balance, end of year

 

 

1,162,000

 

 

$1.24

 

Options exercisable, end of year

 

 

582,000

 

 

$1.23

 

Year ended December 31

 

2024

 

 

2023

 

 

 

Options

 

 

Weighted

average

exercise

price

 

 

Options

 

 

Weighted

average

exercise

price

 

Balance, beginning of period

 

 

1,477,700

 

 

$1.72

 

 

 

638,400

 

 

$3.05

 

Granted

 

 

-

 

 

 

-

 

 

 

1,205,000

 

 

 

1.25

 

Exercised

 

 

-

 

 

 

-

 

 

 

(185,000)

 

 

0.30

 

Forfeited, cancelled or expired

 

 

(240,000)

 

 

(4.02)

 

 

(180,700)

 

 

(4.76)

Balance, end of period

 

 

1,237,700

 

 

$1.27

 

 

 

1,477,700

 

 

$1.72

 

Options exercisable, end of period

 

 

385,700

 

 

$1.31

 

 

 

332,700

 

 

$3.32

 

Schedule of contractual life of options outstanding

Range of

exercise prices

 

 

Number

outstanding

 

 

Weighted

average

remaining

contractual life

 

Options outstanding

weighted average

exercise price

 

 

Number

exercisable

 

$1.10

 

 

 

60,000

 

 

0.58 years

 

$1.10

 

 

 

60,000

 

$1.11 - $1.25

 

 

 

1,102,000

 

 

7.07 years

 

$1.25

 

 

 

522,000

 

$1.10 ‑ $2.00

 

 

 

1,162,000

 

 

6.74 years

 

$1.23

 

 

 

582,000

 

Schedule of fair value of the options using the Black-Scholes option pricing model

Years ended December 31:

 

2025

 

Expected option life

 

4.8 years

 

Risk-free interest rate

 

 

2.86%

Dividend yield

 

nil

 

Expected volatility

 

 

58.96%
Schedule of calculation of basic and diluted earnings per share

Year ended December 31

 

2025

 

 

2024

 

 

2023

 

Basic net loss per share

 

$(0.68)

 

$(0.10)

 

$(0.09)

Diluted loss per share

 

$(0.68)

 

$(0.10)

 

$(0.09)
Schedule of loss used in computation of earnings per share

Year ended December 31

 

2025

 

 

2024

 

 

2023

 

Net loss

 

$(7,097)

 

$(1,039)

 

$(922)
Schedule of weighted average shares outstanding

Year ended December 31

 

2025

 

 

2024

 

 

2023

 

Weighted average shares outstanding for basic loss per share

 

 

10,436,313

 

 

 

10,436,313

 

 

 

10,436,313

 

Weighted average shares outstanding for diluted loss per share

 

 

10,436,313

 

 

 

10,436,313

 

 

 

10,436,313