Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

SHARE CAPITAL (Tables)

v3.25.4
SHARE CAPITAL (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
SCHEDULE OF STOCK OPTIONS USING THE BLACK-SCHOLES OPTION PRICING MODEL AND USED THE ASSUMPTIONS

The Company values stock options using the Black-Scholes option pricing model and used the following assumptions during the reporting periods:

 

    2025     2024  
    Year ended
December 31,		  
    2025     2024  
Risk-free interest rate     3.47 %     4.24 %
Contractual term (years)     1-3       1-4  
Expected volatility     140.90 %     187.90 %
Expected dividends     0.00 %     0.00 %
SCHEDULE OF OPTION ACTIVITY

A summary of the option activity during the year ended December 31, 2025 was as follows:

 

    No of
Options		     Weighted
Average
Share Price		     Weighted
Average
Remaining
Life		     Aggregate
Intrinsic
Value		  
Outstanding as of January 1, 2025     294,495     $ 11.33       2     $ 3,337,098  
Granted     -       -       3       -  
Exercised     -       -       -       -  
Expired     (160,000 )     2.94       -       (470,400 )
                                 
Outstanding as of December 31, 2025     134,495     $ 21.31       2     $ 2,866,698  

 

A summary of the option activity during the year ended December 31, 2024 was as follows:

 

    No of
Options		     Weighted
Average
Share Price		     Weighted
Average
Remaining
Life		     Aggregate
Intrinsic
Value		  
Outstanding as of January 1, 2024     152,495     $ 25.39       2     $ 3,871,098  
Granted     160,000       2.94       3       470,400  
Exercised     -       -       -       -  
Expired     (18,000 )     55.80       -       (1,004,400 )
                                 
Outstanding as of December 31, 2024     294,495     $ 11.33       2     $ 3,337,098  
SCHEDULE OF INFORMATION RELATED TO OPTIONS OUTSTANDING
    Options Outstanding         Options Exercisable  
Year   Exercise Price     Outstanding Number of Options     Underlying Common Stock   Weighted Average Remaining Life in Years     Exercisable Number of Options  
                             
2019 Share Option   $ 35.57       25,748     GNS     1     $ 25,748  
2020 Share Option     58.12       7,464     GNS     1       7,464  
2021 Share Options     60.00       13,421     GNS     3       13,421  
2022 Employee Grants (Options)     77.10       519     GNS     3       519  
2023 Employee Grants (Options)     7.70       87,343     GNS     3       87,343  
2024 Employee Grants (Options)     2.94       160,000     GNS     3       -  
    $ 11.33       294,495           2     $ 134,495