Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2021 | Nov. 09, 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 | Q3 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 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 ($) | Sep. 30, 2021 | Dec. 31, 2020 |
ASSETS | ||
Cash and cash equivalents | $ 2,706,660 | $ 490,190 |
Prepaid expenses and other current assets | 9,482 | 6,082 |
Total Assets | 2,716,142 | 496,272 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 109,084 | 32,329 |
Accounts payable and accrued expenses - related parties | 135,759 | 135,738 |
Total current liabilities | 244,843 | 168,067 |
Commitments and Contingencies | ||
Stockholders' Equity: | ||
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 | 47,672,522 | 44,073,257 |
Commitment to issue shares | 414,128 | 414,128 |
Accumulated deficit | (45,615,351) | (44,159,180) |
Stockholders' equity | 2,471,299 | 328,205 |
Total Liabilities and Stockholders' Equity | $ 2,716,142 | $ 496,272 |
Condensed Interim Consolidate_2
Condensed Interim Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Sep. 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 | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Revenue | $ 0 | $ 0 | $ 0 | $ 0 |
Expenses: | ||||
Consulting | 0 | 0 | 24,021 | 0 |
Research and development | 295,830 | 93,270 | 575,999 | 130,180 |
Selling, general and administrative (Note 8) | 113,607 | 83,605 | 319,132 | 204,447 |
Stock-based compensation (Note 7) | 169,373 | 120,098 | 537,019 | 120,098 |
Total expenses | 578,810 | 296,973 | 1,456,171 | 454,725 |
Loss from operations | (578,810) | (296,973) | (1,456,171) | (454,725) |
Other income | ||||
Interest income | 0 | 0 | 0 | 96 |
Nonoperating Income (Expense), Total | 0 | 0 | 0 | 96 |
Net loss | $ (578,810) | $ (296,973) | $ (1,456,171) | $ (454,629) |
Net loss per share - basic and diluted (in dollars per share) | $ (0.01) | $ 0 | $ (0.02) | $ (0.01) |
Weighted average number of common shares outstanding – basic and diluted (in shares) | 91,422,569 | 86,522,569 | 89,476,981 | 78,165,426 |
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 |
Share-based compensation | 120,098 | 0 | 0 | 120,098 |
Net loss | $ 0 | 0 | (454,629) | (454,629) |
Balance (in shares) at Sep. 30, 2020 | 86,522,569 | |||
Balance at Sep. 30, 2020 | $ 43,908,562 | 414,128 | (41,841,325) | 2,481,365 |
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 |
Share-based compensation | 537,019 | 0 | 0 | 537,019 |
Net loss | 0 | 0 | (1,456,171) | (1,456,171) |
Share issuance costs - cash | $ (36,370) | 0 | 0 | (36,370) |
Balance (in shares) at Sep. 30, 2021 | 91,422,569 | |||
Balance at Sep. 30, 2021 | $ 47,672,522 | $ 414,128 | $ (45,615,351) | $ 2,471,299 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net loss | $ (578,810) | $ (296,973) | $ (1,456,171) | $ (454,629) | $ (2,772,484) | $ (192,865) |
Add back non-cash share-based compensation | 537,019 | 120,098 | ||||
Changes in operating assets and liabilities: | ||||||
Decrease in prepaid expenses and other current assets | (3,400) | (3,419) | ||||
Decrease (increase) in accounts payable and accrued expenses | 76,755 | (241,373) | ||||
Decrease (increase) in accounts payable and accrued expenses due to related parties | 21 | 5,499 | ||||
Net cash used in operating activities | (845,776) | (573,824) | ||||
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 | 2,216,470 | 313,383 | ||||
Cash and cash equivalents at beginning of period | 490,190 | 382,452 | 382,452 | |||
Cash and cash equivalents at end of period | $ 2,706,660 | $ 695,835 | 2,706,660 | 695,835 | $ 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 | ||||||
Common stock issued on acquisition | 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 | 9 Months Ended |
Sep. 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, ComplyTrust® Inc. (formerly OCL Technologies Corp.) (from the date of acquisition, Note 5 not may 10 December 31, 2020. Oculus VisionTech, Inc. (the " Company September 30, 2021 2020, |
Note 2 - Going Concern
Note 2 - Going Concern | 9 Months Ended |
Sep. 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 $1,456,171 for the nine September 30, 2021 December 31, 2020 2019. September 30, 2021, not |
Note 3 - Prepaid Expenses and O
Note 3 - Prepaid Expenses and Other Current Assets | 9 Months Ended |
Sep. 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: September 30, 2021 December 31, 2020 Prepaid expenses $ 2,403 $ 1,030 Tax Receivable – Canadian GST 7,079 5,052 $ 9,482 $ 6,082 |
Note 4 - Accounts Payable and A
Note 4 - Accounts Payable and Accrued Expenses | 9 Months Ended |
Sep. 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: September 30, 2021 December 31, 2020 Accounts payable $ 60,000 $ 16,670 Accrued fees and expenses 49,084 15,659 $ 109,084 $ 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 Complyt
Note 5 - Acquisition of Complytrust Inc. (Formerly Ocl Technologies Corp.) | 9 Months Ended |
Sep. 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 $ 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 | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 6. COMMON STOCK The Company has one no 500,000,000 September 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 | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 7. STOCK OPTIONS During the period ended September 30, 2021 December 31, 2020, may During the period ended September 30, 2021, i) granted 500,000 stock options to consultants, exercisable into 500,000 shares at an exercise price of $1.20CDN January 29, 2024. $424,300CDN, 125%; 0.14%; Nil; 6 July 29, 2021. September 30, 2021, $230,604CND i) granted 375,000 stock options to consultants, exercisable into 375,000 shares at an exercise price of $0.80CDN June 10, 2024. $211,700CDN, 120.80%; 0.25%; Nil; $0.8000CDN. 6 December 10, 2021. September 30, 2021, $59,248CDN 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 $0.35CDN July 21, 2023. $909,900CDN, 125%; 0.27%; Nil; $0.35. 6 January 21, 2020. December 31, 2020, $369,597CDN September 30, 2021, $334,385CDN ii) granted 250,000 stock options to consultants, directors and officers exercisable into 250,000 shares at an exercise price of $0.45CDN December 21, 2023. $75,800CDN, 125%; 0.02%; Nil; 6 June 21, 2021. December 31, 2020, $1,899CDN September 30, 2021, $43,439CDN |
Note 8 - Selling, General and A
Note 8 - Selling, General and Administrative | 9 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Selling, General and Administrative Disclosure [Text Block] | 8. SELLING, GENERAL AND ADMINISTRATIVE The breakdown of selling, general and administrative for the period ended September 30, 2021 Filing and regulatory fees $ 26,731 Marketing 31,374 Professional fees 102,870 Rent 29,857 Office and administration 128,300 $ 319,132 |
Note 9 - COVID-19
Note 9 - COVID-19 | 9 Months Ended |
Sep. 30, 2021 | |
COVID-19 [Member] | |
Notes to Financial Statements | |
Unusual or Infrequent Items, or Both, Disclosure [Text Block] | 9. COVID- 19 In early 2020, 19 |
Note 3 - Prepaid Expenses and_2
Note 3 - Prepaid Expenses and Other Current Assets (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | September 30, 2021 December 31, 2020 Prepaid expenses $ 2,403 $ 1,030 Tax Receivable – Canadian GST 7,079 5,052 $ 9,482 $ 6,082 |
Note 4 - Accounts Payable and_2
Note 4 - Accounts Payable and Accrued Expenses (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | September 30, 2021 December 31, 2020 Accounts payable $ 60,000 $ 16,670 Accrued fees and expenses 49,084 15,659 $ 109,084 $ 32,329 |
Note 5 - Acquisition of Compl_2
Note 5 - Acquisition of Complytrust Inc. (Formerly Ocl Technologies Corp.) (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Purchase Price Issuance of 12,500,000 $ 1,380,427 Contingent consideration – warrants 414,128 Transaction costs 54,532 Total Purchase Price $ 1,849,087 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | 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 8 - Selling, General and_2
Note 8 - Selling, General and Administrative (Tables) | 9 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Selling, General and Administrative Expenses [Table Text Block] | Filing and regulatory fees $ 26,731 Marketing 31,374 Professional fees 102,870 Rent 29,857 Office and administration 128,300 $ 319,132 |
Note 2 - Going Concern (Details
Note 2 - Going Concern (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net Income (Loss) Attributable to Parent, Total | $ (578,810) | $ (296,973) | $ (1,456,171) | $ (454,629) | $ (2,772,484) | $ (192,865) |
Retained Earnings (Accumulated Deficit), Ending Balance | (45,615,351) | (45,615,351) | $ (44,159,180) | |||
Working Capital (Deficit) | $ 2,471,299 | $ 2,471,299 |
Note 3 - Prepaid Expenses and_3
Note 3 - Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Prepaid expenses | $ 2,403 | $ 1,030 |
Tax Receivable – Canadian GST | 7,079 | 5,052 |
Prepaid Expense and Other Assets, Current | $ 9,482 | $ 6,082 |
Note 4 - Accounts Payable and_3
Note 4 - Accounts Payable and Accrued Expenses - Summary of Accounts Payable and Accrued Expenses (Details) - USD ($) | Sep. 30, 2021 | Dec. 31, 2020 |
Accounts payable | $ 60,000 | $ 16,670 |
Accrued fees and expenses | 49,084 | 15,659 |
Accounts Payable and Accrued Liabilities, Current, Total | $ 109,084 | $ 32,329 |
Note 5 - Acquisition of Compl_3
Note 5 - Acquisition of Complytrust Inc. (Formerly Ocl Technologies Corp.) (Details Textual) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Sep. 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 Compl_4
Note 5 - Acquisition of Complytrust Inc. (Formerly Ocl Technologies Corp.) - Purchase Price (Details) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020 | |
Common stock issued on acquisition | $ 0 | $ 1,380,427 | |
OCL Technologies Corp [Member] | |||
Common stock issued on acquisition | $ 1,380,427 | ||
Transaction costs | 54,532 | ||
Total Purchase Price | 1,849,087 | ||
OCL Technologies Corp [Member] | Warrants Issued in Connection With Business Acquisition [Member] | |||
Common stock issued on acquisition | $ 414,128 |
Note 5 - Acquisition of Compl_5
Note 5 - Acquisition of Complytrust Inc. (Formerly 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 5 - Acquisition of Compl_6
Note 5 - Acquisition of Complytrust Inc. (Formerly Ocl Technologies Corp.) - Purchase Price Allocation (Details) - OCL Technologies Corp [Member] | Dec. 31, 2020USD ($) |
Cash | $ 114,169 |
Accounts payable and due from related party | (232,021) |
Intangible asset | 1,966,939 |
Total Purchase Price | $ 1,849,087 |
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 | Sep. 30, 2021USD ($)$ / sharesshares | Sep. 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) | Jul. 21, 2021CAD ($)$ / shares | Jan. 29, 2021CAD ($)$ / sharesshares | Dec. 21, 2020CAD ($)$ / sharesshares | Jul. 21, 2020$ / sharesshares | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2021shares | Sep. 30, 2021USD ($) | Sep. 30, 2021CAD ($)$ / shares | Sep. 30, 2020USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020CAD ($) |
Share-based Payment Arrangement, Expense | $ | $ 169,373 | $ 120,098 | $ 537,019 | $ 120,098 | ||||||||
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 | $ 186,627 | $ 230,604 | ||||||||||
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 | |||||||||||
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 | $ 48,592 | $ 59,248 | ||||||||||
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 | $ 267,221 | $ 334,385 | $ 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 | $ 34,579 | $ 43,439 | $ 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% |
Note 8 - Selling, General and_3
Note 8 - Selling, General and Administrative - Selling, General and Administrative Expenses (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020 | |
Filing and regulatory fees | $ 26,731 | |||
Marketing | 31,374 | |||
Professional fees | 102,870 | |||
Rent | 29,857 | |||
Office and administration | 128,300 | |||
Selling, General and Administrative Expense, Total | $ 113,607 | $ 83,605 | $ 319,132 | $ 204,447 |