v3.26.1
Consolidated Statements of Cash Flows - CAD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash from (used in): Operating activities      
Net loss $ (2,317,149) $ (9,077,795) $ (5,451,112)
Items not affecting cash:      
Stock based compensation expense (Note 18) 702,880 268,734 241,271
Amortization (Notes 6, 7, & 8) 1,920,733 1,887,013 1,759,473
Accretion expense (recovery) (Note 14) (1,450) (2,269) 2,456
Non-cash lease amortization and accretion (Note 13) 235,003 353,433 683,190
Foreign exchange (gain) loss (296,635) 659,257 (25,451)
Loss on disposal of assets and lease modifications 7,138 135,455 0
Remeasurement of convertible debentures (Note 11) 5,418,502 296,534 0
Change in non-cash working capital balances (Note 22) (4,265,429) 1,874,759 (1,290,725)
Lease payments (Note 13) (240,676) (364,712) (739,527)
Prepaid Long-term insurance 0 0 (11,525)
Items not affecting cash 3,480,066 5,108,204 619,162
Net cash from (used in) operating activities 1,162,917 (3,969,591) (4,831,950)
Financing activities      
Proceeds from the Employee Share Purchase plan (Note 18) 43,495 41,620 36,246
Proceeds from stock options and restricted Stock Units 65,537 0 4,370
Repayment of long-term debt (Note 12) (111,111) (111,111) (111,111)
Net proceeds from Private Placement (Note 16) 2,777,168 0 1,622,057
Net proceeds from Convertible Debentures (Note 11) 0 4,735,004 3,457,555
Repayment of lease obligations (Note 13) (565,969) (359,706) 0
Net cash from financing activities 2,209,120 4,305,807 5,009,117
Investing activities      
Purchase of property and equipment, net (89,448) (27,029) (32,322)
Proceeds from short-term investments (Note 3) (349,660) 0 0
Net cash used in investing activities (439,108) (27,029) (32,322)
Effect of foreign exchange rate changes on cash and cash equivalents (86,186) 19,495 (6,569)
Net increase in cash and cash equivalents 2,846,743 328,682 138,276
Cash and cash equivalents, beginning of the year 730,395 401,713 263,437
Cash and cash equivalents, end of the year 3,577,138 730,395 401,713
Supplemental information      
Cash interest paid $ 486,857 $ 548,756 $ 120,952