Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2021 | Aug. 04, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001107280 | |
Entity Registrant Name | OCULUS VISIONTECH INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 0-29651 | |
Entity Incorporation, State or Country Code | WY | |
Entity Tax Identification Number | 06-1576391 | |
Entity Address, Address Line One | Suite 507 - 837 West Hastings Street | |
Entity Address, City or Town | Vancouver | |
Entity Address, State or Province | BC | |
Entity Address, Country | CA | |
Entity Address, Postal Zip Code | V6C 3N6 | |
City Area Code | 604 | |
Local Phone Number | 685-1017 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 91,422,569 |
Condensed Interim Consolidated
Condensed Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and cash equivalents | $ 3,062,944 | $ 490,190 |
Prepaid expenses and other current assets | 12,862 | 6,082 |
Total Assets | 3,075,806 | 496,272 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 59,311 | 32,329 |
Accounts payable and accrued expenses - related parties | 135,759 | 135,738 |
Total current liabilities | 195,070 | 168,067 |
Commitments and Contingencies | 0 | 0 |
Stockholders' Equity: | ||
Preferred stock - no par value; authorized 250,000,000 shares, none issued | ||
Common stock and additional paid-in capital - no par value; authorized 500,000,000 shares, issued and outstanding 91,422,569 and 86,522,569 | 47,503,149 | 44,073,257 |
Commitment to issue shares | 414,128 | 414,128 |
Accumulated deficit | (45,036,541) | (44,159,180) |
Stockholders' equity | 2,880,736 | 328,205 |
Total Liabilities and Stockholders' Equity | $ 3,075,806 | $ 496,272 |
Condensed Interim Consolidate_2
Condensed Interim Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Jun. 30, 2021 | Dec. 31, 2020 |
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 250,000,000 | 250,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, no par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 500,000,000 | 500,000,000 |
Common stock, shares issued (in shares) | 91,422,569 | 86,522,569 |
Common stock, shares outstanding (in shares) | 91,422,569 | 86,522,569 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | |
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||
Consulting | 24,021 | 12,000 | 24,021 | 12,000 |
Research and development | 147,445 | 35,333 | 280,169 | 36,910 |
Selling, general and administrative | 122,119 | 37,084 | 205,525 | 108,842 |
Stock-based compensation (Note 7) | 190,156 | 0 | 367,646 | 0 |
Total expenses | 483,741 | 84,417 | 877,361 | 157,752 |
Loss from operations | (483,741) | (84,417) | (877,361) | (157,752) |
Other income | ||||
Interest income | 0 | 0 | 0 | 96 |
Nonoperating Income (Expense), Total | 0 | 0 | 0 | 96 |
Net loss | $ (483,741) | $ (84,417) | $ (877,361) | $ (157,656) |
Net loss per share - basic and diluted (in dollars per share) | $ (0.01) | $ 0 | $ (0.01) | $ 0 |
Weighted average number of common shares outstanding – basic and diluted (in shares) | 90,357,352 | 71,897,568 | 88,482,569 | 67,022,568 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock Including Additional Paid in Capital [Member] | Commitment to Issue Shares [Member] | Retained Earnings [Member] | Total |
Balance (in shares) at Dec. 31, 2019 | 67,022,568 | |||
Balance at Dec. 31, 2019 | $ 41,634,999 | $ 0 | $ (41,386,696) | $ 248,303 |
Sale of common stock (in shares) | 7,000,001 | |||
Sale of common stock | $ 773,038 | 0 | 0 | 773,038 |
Shares issued for asset acquisition (in shares) | 12,500,000 | |||
Shares issued for asset acquisition | $ 1,380,427 | 0 | 0 | 1,380,427 |
Contingent consideration | 0 | 414,128 | 0 | 414,128 |
Net loss | $ 0 | 0 | (157,656) | (157,656) |
Balance (in shares) at Jun. 30, 2020 | 86,522,569 | |||
Balance at Jun. 30, 2020 | $ 43,788,464 | 414,128 | (41,544,352) | 2,658,240 |
Balance (in shares) at Dec. 31, 2019 | 67,022,568 | |||
Balance at Dec. 31, 2019 | $ 41,634,999 | 0 | (41,386,696) | 248,303 |
Net loss | (2,772,484) | |||
Balance (in shares) at Dec. 31, 2020 | 86,522,569 | |||
Balance at Dec. 31, 2020 | $ 44,073,257 | 414,128 | (44,159,180) | 328,205 |
Sale of common stock (in shares) | 4,900,000 | |||
Sale of common stock | $ 3,098,616 | 0 | 0 | 3,098,616 |
Net loss | 0 | 0 | (877,361) | (877,361) |
Share issuance costs – cash | (36,370) | 0 | 0 | (36,370) |
Share-based compensation | $ 367,646 | 0 | 0 | 367,646 |
Balance (in shares) at Jun. 30, 2021 | 91,422,569 | |||
Balance at Jun. 30, 2021 | $ 47,503,149 | $ 414,128 | $ (45,036,541) | $ 2,880,736 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net loss | $ (483,741) | $ (84,417) | $ (877,361) | $ (157,656) | $ (2,772,484) | $ (192,865) |
Add back non-cash share-based compensation | 367,646 | 0 | ||||
Changes in operating assets and liabilities: | ||||||
Decrease in prepaid expenses and other current assets | (6,780) | (1,804) | ||||
Decrease (increase) in accounts payable and accrued expenses | 26,982 | (718) | ||||
Decrease (increase) in accounts payable and accrued expenses due to related parties | 21 | (240,071) | ||||
Net cash used in operating activities | (489,492) | (400,249) | ||||
Cash flows from operating activities: | ||||||
Cash acquired on asset acquisition | 0 | 114,169 | ||||
Net cash provided by investing activities | 0 | 114,169 | ||||
Proceeds from sale of common stock | 3,098,616 | 773,038 | ||||
Share issuance costs | (36,370) | 0 | ||||
Net cash provided by financing activities | 3,062,246 | 773,038 | ||||
Net decrease in cash and cash equivalents | 2,572,754 | 486,958 | ||||
Cash and cash equivalents at beginning of period | 490,190 | 382,452 | 382,452 | |||
Cash and cash equivalents at end of period | $ 3,062,944 | $ 869,410 | 3,062,944 | 869,410 | $ 490,190 | $ 382,452 |
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the period for interest | 0 | 0 | ||||
Cash paid during the period for income taxes | 0 | 0 | ||||
Non-cash financing and investing activities | ||||||
Issuance of 12,500,000 shares | 0 | 1,380,427 | ||||
Intangible acquired on acquisition | $ 0 | $ (1,966,939) | ||||
Warrants issued on acquisition (in shares) | 0 | 414,128 | ||||
Account payable acquired on acquisition | $ 0 | $ 172,384 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Business | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. BASIS OF PRESENTATION AND BUSINESS These unaudited condensed interim consolidated financial statements should be read in conjunction with the annual financial statements for Oculus VisionTech Inc. (“Oculus” or the “Company”) most recently completed fiscal year ended December 31, 2020. not December 31, 2020, The accompanying condensed interim consolidated financial statements include the accounts of Oculus and its wholly-owned subsidiaries, OCL Technologies Corp. (from the date of acquisition, Note 6 not may 10 December 31, 2020. Oculus VisionTech, Inc. (the " Company June 30, 2021 2020, |
Note 2 - Going Concern
Note 2 - Going Concern | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | 2. GOING CONCERN The accompanying condensed interim consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the financial statements, the Company has incurred a loss of $877,361 for the six June 30, 2021 December 31, 2020 2019. June 30, 2021, not |
Note 3 - Prepaid Expenses and O
Note 3 - Prepaid Expenses and Other Current Assets | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 3. PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: June 30, 2021 December 31, 2020 Prepaid expenses $ 7,500 $ 1,030 Tax Receivable – Canadian GST 5,362 5,052 $ 12,862 $ 6,082 |
Note 4 - Accounts Payable and A
Note 4 - Accounts Payable and Accrued Expenses | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 4. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Accounts payable and accrued expenses consist of the following: June 30, 2021 December 31, 2020 Accounts payable $ 59,311 $ 16,670 Accrued fees and expenses - 15,659 $ 59,311 $ 32,329 Accounts payable and accrued expenses – related parties consist of accounts payable for research and development, advances and accrued interest on related party debt. |
Note 5 - Acquisition of OCL Tec
Note 5 - Acquisition of OCL Technologies Corp. | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. ACQUISITION OF COMPLYTRUST INC. (FORMERLY OCL TECHNOLOGIES CORP.) During the year ended December 31, 2020, not 805 10. Purchase Price Issuance of 12,500,000 shares $ 1,380,427 Contingent consideration – warrants 414,128 Transaction costs 54,532 Total Purchase Price $ 1,849,087 Contingent consideration consists of 12,500,000 non-transferable warrants that are exercisable into 12,500,000 common shares if certain criteria are met at an exercise price of $0.001 for a period of five June 4, 2025. No 1 5 2 3 Purchase Price Allocation Cash $ 114,169 Accounts payable and due from related party (232,021 ) Intangible asset 1,966,939 Total Purchase Price $ 1,849,087 During the year ended December 31, 2020, |
Note 6 - Common Stock
Note 6 - Common Stock | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 6. COMMON STOCK The Company has one no June 30, 2021 December 31, 2020, On June 5, 2020, On June 5, 2020, On June 14, 2021, CDN$0.80 $3,920,000CDN $1.00CDN may $2.50CDN $45,500CDN |
Note 7 - Stock Options
Note 7 - Stock Options | 6 Months Ended |
Jun. 30, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 7. STOCK OPTIONS During the period ended June 30, 2021 December 31, 2020, may During the period ended June 30, 2021, i) granted 500,000 stock options to consultants, exercisable into 500,000 shares at an exercise price of $1.20CND January 29, 2024. $424,300CND, 125%; 0.14%; Nil; 6 July 29, 2021. June 30, 2021, $162,055CND i) granted 375,000 stock options to consultants, exercisable into 375,000 shares at an exercise price of $0.80CND June 10, 2024. $211,700CND, 120.80%; 0.25%; Nil; $0.8000CDN. 6 December 10, 2021. June 30, 2021, $10,580CND During the year ended December 31, 2020, i) granted 3,600,000 stock options to consultants, directors and officers exercisable into 3,600,000 shares at an exercise price of $0.35CND July 21, 2023. $909,900CND, 125%; 0.27%; Nil; $0.35. 6 January 21, 2020. December 31, 2020, $369,597CND June 30, 2021, $252,167CND ii) granted 250,000 stock options to consultants, directors and officers exercisable into 250,000 shares at an exercise price of $0.45CND December 21, 2023. $75,800CND, 125%; 0.02%; Nil; 6 June 21, 2021. December 31, 2020, $1,899CND June 30, 2021, $33,329CND |
Note 8 - COVID-19
Note 8 - COVID-19 | 6 Months Ended |
Jun. 30, 2021 | |
COVID-19 [Member] | |
Notes to Financial Statements | |
Unusual or Infrequent Items, or Both, Disclosure [Text Block] | 8. COVID- 19 In early 2020, 19 |
Note 3 - Prepaid Expenses and_2
Note 3 - Prepaid Expenses and Other Current Assets (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | June 30, 2021 December 31, 2020 Prepaid expenses $ 7,500 $ 1,030 Tax Receivable – Canadian GST 5,362 5,052 $ 12,862 $ 6,082 |
Note 4 - Accounts Payable and_2
Note 4 - Accounts Payable and Accrued Expenses (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | June 30, 2021 December 31, 2020 Accounts payable $ 59,311 $ 16,670 Accrued fees and expenses - 15,659 $ 59,311 $ 32,329 |
Note 5 - Acquisition of OCL T_2
Note 5 - Acquisition of OCL Technologies Corp. (Tables) | 6 Months Ended |
Jun. 30, 2021 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Issuance of 12,500,000 shares $ 1,380,427 Contingent consideration – warrants 414,128 Transaction costs 54,532 Total Purchase Price $ 1,849,087 Purchase Price Allocation Cash $ 114,169 Accounts payable and due from related party (232,021 ) Intangible asset 1,966,939 Total Purchase Price $ 1,849,087 |
Note 2 - Going Concern (Details
Note 2 - Going Concern (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net Income (Loss) Attributable to Parent, Total | $ (483,741) | $ (84,417) | $ (877,361) | $ (157,656) | $ (2,772,484) | $ (192,865) |
Retained Earnings (Accumulated Deficit), Ending Balance | (45,036,541) | (45,036,541) | $ (44,159,180) | |||
Working Capital (Deficit) | $ 2,880,736 | $ 2,880,736 |
Note 3 - Prepaid Expenses and_3
Note 3 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Prepaid expenses | $ 7,500 | $ 1,030 |
Tax Receivable – Canadian GST | 5,362 | 5,052 |
Prepaid Expense and Other Assets, Current | $ 12,862 | $ 6,082 |
Note 4 - Accounts Payable and_3
Note 4 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) | Jun. 30, 2021 | Dec. 31, 2020 |
Accounts payable | $ 59,311 | $ 16,670 |
Accrued fees and expenses | 0 | 15,659 |
Accounts Payable and Accrued Liabilities, Current, Total | $ 59,311 | $ 32,329 |
Note 5 - Acquisition of OCL T_3
Note 5 - Acquisition of OCL Technologies Corp. (Details Textual) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 0 | $ 1,380,427 | |
Warrants and Rights Outstanding | $ 414,128 | $ 414,128 | |
Impairment of Intangible Assets (Excluding Goodwill), Total | $ 1,966,939 | ||
OCL Technologies Corp [Member] | |||
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 12,500,000 | ||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 1,380,427 | ||
Warrants and Rights Outstanding | 414,128 | ||
OCL Technologies Corp [Member] | Warrants Issued in Connection With Business Acquisition [Member] | |||
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $ 414,128 | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 12,500,000 | ||
Warrants and Rights Outstanding | $ 414,128 | ||
Class of Warrant or Right, Outstanding (in shares) | 12,500,000 | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.001 | ||
Warrants and Rights Outstanding, Term (Year) | 5 years |
Note 5 - Acquisition of OCL T_4
Note 5 - Acquisition of OCL Technologies Corp. - Purchase Price (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020 | |
Issuance of 12,500,000 shares | $ 0 | $ 1,380,427 | |
OCL Technologies Corp [Member] | |||
Issuance of 12,500,000 shares | $ 1,380,427 | ||
Transaction costs | 54,532 | ||
Total Purchase Price | 1,849,087 | ||
Cash | 114,169 | ||
Accounts payable and due from related party | (232,021) | ||
Intangible asset | 1,966,939 | ||
Total Purchase Price | 1,849,087 | ||
OCL Technologies Corp [Member] | Warrants Issued in Connection With Business Acquisition [Member] | |||
Issuance of 12,500,000 shares | $ 414,128 |
Note 5 - Acquisition of OCL T_5
Note 5 - Acquisition of OCL Technologies Corp. - Purchase Price (Details) (Parentheticals) | 12 Months Ended |
Dec. 31, 2020shares | |
OCL Technologies Corp [Member] | |
Shares issued (in shares) | 12,500,000 |
Note 6 - Common Stock (Details
Note 6 - Common Stock (Details Textual) $ / shares in Units, $ / shares in Thousands | Jun. 14, 2021USD ($)shares | Jun. 14, 2021CAD ($)$ / sharesshares | Jun. 05, 2020$ / sharesshares | Jun. 30, 2021USD ($)$ / sharesshares | Jun. 30, 2020USD ($) | Dec. 31, 2020$ / sharesshares |
Common Stock, No Par Value (in dollars per share) | $ / shares | $ 0 | $ 0 | ||||
Common Stock, Shares Authorized (in shares) | 500,000,000 | 500,000,000 | ||||
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 91,422,569 | 86,522,569 | ||||
Payments of Stock Issuance Costs | $ | $ 36,370 | $ 0 | ||||
Warrants Issued in Connection with Private Placement [Member] | ||||||
Equity Offering, Number of Warrants Per Unit (in shares) | 1 | |||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares | $ 1 | |||||
Warrants and Rights Outstanding, Term (Year) | 24 months | |||||
Class of Warrant of Right, Stock Price Trigger (in CAD per share) | $ / shares | $ 2.50 | |||||
Class of Warrant or Right, Threshold Consecutive Trading Days | 10 | 10 | ||||
Payments of Stock Issuance Costs | $ | $ 36,370 | |||||
Private Placement [Member] | ||||||
Equity Offering, Number of Units Issued (in shares) | 4,900,000 | 4,900,000 | ||||
Equity Offering, Price Per Unit Issued (in CAD per share) | $ / shares | $ 0.80 | |||||
Proceeds from Issuance or Sale of Equity, Total | $ 3,098,616 | $ 3,920,000 | ||||
Equity Offering, Number of Common Shares Per Unit (in shares) | 1 | |||||
Payments of Stock Issuance Costs | $ | $ 45,500 | |||||
OCL Technologies Corp [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 12,500,000 | |||||
Shares Issued, Price Per Share (in CAD per share) | $ / shares | $ 0.15 | |||||
Investors [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 7,000,001 | |||||
Shares Issued, Price Per Share (in CAD per share) | $ / shares | $ 0.15 | |||||
Employee and Directors [Member] | ||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,766,667 |
Note 7 - Stock Options (Details
Note 7 - Stock Options (Details Textual) | Jan. 29, 2021CAD ($)$ / sharesshares | Dec. 21, 2020CAD ($)$ / sharesshares | Jul. 21, 2020CAD ($)$ / sharesshares | Jun. 30, 2021USD ($) | Jun. 30, 2020USD ($) | Jun. 30, 2021USD ($)shares | Jun. 30, 2021CAD ($)$ / sharesshares | Jun. 30, 2020USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020CAD ($) |
Share-based Payment Arrangement, Expense | $ | $ 190,156 | $ 0 | $ 367,646 | $ 0 | ||||||
Rolling Stock Option Plan [Member] | ||||||||||
Share-based Compensation Arrangement, Percent of Issued and Outstanding Common Shares Reserved | 10.00% | 10.00% | 10.00% | |||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of January 29, 2024 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 500,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares) | shares | 500,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in CAD per share) | $ / shares | $ 1.20 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value | $ | $ 424,300 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 125.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 3 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Discount for Postvesting Restrictions | 0.14% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in CAD per share) | $ / shares | $ 1.18 | |||||||||
Share-based Payment Arrangement, Expense | $ 130,313 | $ 162,055 | ||||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of January 29, 2024 [Member] | Vesting Every Six Months [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of June10, 2024 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 375,000 | 375,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares) | shares | 375,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in CAD per share) | $ / shares | $ 0.80 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value | $ | $ 211,700 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 120.80% | 120.80% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 3 years | 3 years | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Discount for Postvesting Restrictions | 0.25% | 0.25% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | 0.00% | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in CAD per share) | $ / shares | $ 0.8000 | |||||||||
Share-based Payment Arrangement, Expense | $ 8,611 | $ 10,580 | ||||||||
Rolling Stock Option Plan [Member] | Share-based Payment Arrangement, Option [Member] | Vesting Every Six Months [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | 20.00% | ||||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of July 21, 2023 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 3,600,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares) | shares | 3,600,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in CAD per share) | $ / shares | $ 0.35 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value | $ | $ 909,900 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 125.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 3 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Discount for Postvesting Restrictions | 0.27% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in CAD per share) | $ / shares | $ 0.35 | |||||||||
Share-based Payment Arrangement, Expense | $ 201,934 | $ 252,167 | $ 283,307 | $ 369,597 | ||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of July 21, 2023 [Member] | Vesting Every Six Months [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of December 21, 2023 [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | shares | 250,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares) | shares | 250,000 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price (in CAD per share) | $ / shares | $ 0.45 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Fair Value | $ | $ 75,800 | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 125.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term (Year) | 3 years | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Discount for Postvesting Restrictions | 0.02% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 0.00% | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in CAD per share) | $ / shares | $ 0.425 | |||||||||
Share-based Payment Arrangement, Expense | $ 26,788 | $ 33,329 | $ 1,486 | $ 1,899 | ||||||
Rolling Stock Option Plan [Member] | Employee Stock Option, Expiration Date of December 21, 2023 [Member] | Vesting Every Six Months [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% |