Draganfly (DPRO) 20-F 27 Mar 24 2023 FY Annual report (foreign) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2023 shares
Entity Addresses [Line Items]
Document Type	20-F
Amendment Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-40688
Entity Registrant Name	Draganfly Inc.
Entity Central Index Key	0001786286
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	235 103rd St E.
Entity Address, City or Town	Saskatoon
Entity Address, State or Province	SK
Entity Address, Country	CA
Entity Address, Postal Zip Code	S7N 1Y8
Title of 12(b) Security	Common Shares
Trading Symbol	DPRO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Document Accounting Standard	International Financial Reporting Standards
Entity Shell Company	false
Entity Bankruptcy Proceedings, Reporting Current	true
Entity Common Stock, Shares Outstanding	49,229,563
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Auditor Name	DALE MATHESON CARR-HILTON LABONTE LLP
Auditor Location	Vancouver, Canada
Auditor Firm ID	1173
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	235 103rd St E
Entity Address, City or Town	Saskatoon
Entity Address, State or Province	SK
Entity Address, Country	CA
Entity Address, Postal Zip Code	S7N 1Y8
City Area Code	800
Local Phone Number	979.9794
Contact Personnel Name	Paul Sun

Consolidated Statements of Fina

Consolidated Statements of Financial Position - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 3,093,612	$ 7,894,781
Receivables	649,612	2,088,965
Inventory	1,596,536	1,055,942
Notes receivable		169,300
Prepaids	1,342,215	2,307,724
Total current assets	6,681,975	13,516,712
Non-current Assets
Equipment	680,801	404,691
Intangible assets	56,426	179,801
Investments	189,403	192,583
Right of use assets	721,687	344,746
TOTAL ASSETS	8,330,292	14,638,533
Current Liabilities
Trade payables and accrued liabilities	2,638,981	2,816,676
Customer deposits	104,715	194,758
Deferred income	12,112	63,690
Loans payable	85,058	81,512
Derivative liability	4,196,125	57,314
Lease liabilities	362,001	133,962
Total current liabilities	7,398,992	3,347,912
Non-current Liabilities
Loans payable		5,059
Deferred income	95,562
Lease liabilities	428,022	244,681
TOTAL LIABILITIES	7,922,576	3,597,652
SHAREHOLDERS’ EQUITY
Share capital	97,070,976	83,600,089
Reserves – share-based payments	6,870,139	7,264,340
Accumulated deficit	(103,588,356)	(79,976,546)
Accumulated other comprehensive income (loss)	54,957	152,998
TOTAL SHAREHOLDERS’ EQUITY	407,716	11,040,881
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 8,330,292	$ 14,638,533

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
REVENUE
Sales of goods	$ 5,287,093	$ 5,550,432	$ 5,103,399
Provision of services	1,267,749	2,054,627	1,950,466
TOTAL REVENUE	6,554,842	7,605,059	7,053,865
COST OF SALES	(4,490,728)	(6,814,384)	(4,410,777)
GROSS PROFIT	2,064,114	790,675	2,643,088
OPERATING EXPENSES
Amortization	35,960	179,482	135,966
Depreciation	510,677	593,277	175,098
Director fees	600,933	522,349	370,094
Insurance	1,825,137	3,722,237	2,962,767
Office and miscellaneous	6,303,879	5,397,961	6,455,998
Professional fees	4,145,586	6,821,583	4,445,949
Research and development	1,554,823	651,302	510,895
Share-based payments	2,021,664	3,311,024	3,952,595
Travel	704,994	396,388	143,904
Wages and salaries	6,976,792	6,105,020	2,768,010
Total operating expenses	(24,680,445)	(27,700,623)	(21,921,276)
OTHER INCOME (EXPENSE)
Change in fair value of derivative liability	211,110	5,502,688	8,149,812
Finance and other costs	83,280	44,345	5,074
Foreign exchange gain	(249,563)	745,102	362,448
Loss on disposal of assets	(944)	(10,755)
Loss on write-off of notes receivable	(101,351)	(309,385)	(891,471)
Government income	5,232	2,446	24,148
Write down of deposit		(228,572)
Loss on impairment of goodwill and intangibles		(6,454,914)	(4,579,763)
Other income (expense)	(943,243)	(35,371)	4,968
NET LOSS FOR THE YEAR	(23,611,810)	(27,654,364)	(16,202,972)
Items that may be reclassified to profit or loss
Foreign exchange translation	(94,861)	447,542	136,475
Items that will not be reclassified to profit or loss
Change in fair value of equity investments at FVOCI	(3,180)	(98,483)	(332,640)
COMPREHENSIVE LOSS FOR THE YEAR	$ (23,709,851)	$ (27,305,305)	$ (16,399,137)
Net Income (Loss) per share - Diluted	$ 0.56	$ 0.82	$ 0.59
Net Income (Loss) per share - Diluted	$ 0.56	$ 0.82	$ 0.59
Weighted average number of common shares outstanding - Basic	42,192,384	33,556,969	27,787,348
Weighted average number of common shares outstanding - Diluted	42,192,384	33,556,969	27,787,348

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - CAD ($)	Issued capital [member]	Reserve of share-based payments [member]	Retained earnings [member]	Reserve of gains and losses from investments in equity instruments [member]	Reserve of exchange differences on translation [member]	Total
Balance at Dec. 31, 2020	$ 36,943,304	$ 3,024,007	$ (36,119,210)		$ 104	$ 3,848,205
Balance, shares at Dec. 31, 2020	17,218,695
IfrsStatementLineItems [Line Items]
Shares issued in the acquisitions of Vital	$ 2,303,999	1,241,250				3,545,249
Shares issued in the acquisitions of Vital, shares	1,200,000
Shares issued for financing	$ 36,092,187					36,092,187
Shares issued for financing, shares	11,584,657
Share issue costs	$ (4,678,821)	864,060				(3,814,761)
Shares issued for the exercise of RSUs	$ 1,752,052	(1,752,052)
Shares issued for the exercise of RSUs, shares	448,660
Shares issued for the exercise of warrants	$ 4,929,790					4,929,790
Shares issued for exercise of warrants, shares	1,939,534
Shares issued for the exercise of stock options	$ 1,937,866	(923,743)				1,014,123
Shares issued for the exercise of stock options, shares	405,499
Shares issued in lieu of cash	$ 1,757,988					1,757,988
Shares issued in lieu of cash, shares	371,901
Share-based payments		3,952,595				3,952,595
Net loss			(16,202,972)			(16,202,972)
Change in fair value of equity investments at FVOCI				(332,640)		(332,640)
Translation of foreign operations					136,475	136,475
Balance at Dec. 31, 2021	$ 81,038,365	6,406,117	(52,322,182)	(332,640)	136,579	34,926,239
Balance, shares at Dec. 31, 2021	33,168,946
IfrsStatementLineItems [Line Items]
Share issue costs	$ (5,122)					(5,122)
Shares issued for the exercise of RSUs	$ 2,427,801	(2,427,801)
Shares issued for the exercise of RSUs, shares	1,072,595
Shares issued for the exercise of warrants	$ 87,170					87,170
Shares issued for the exercise of stock options	$ 51,875	(25,000)				26,875
Shares issued for the exercise of stock options, shares	12,500
Share-based payments		3,311,024				3,311,024
Net loss			(27,654,364)			(27,654,364)
Change in fair value of equity investments at FVOCI				(98,483)		(98,483)
Translation of foreign operations					447,542	447,542
Shares issued for the exercise of warrants, shares	16,538
Balance at Dec. 31, 2022	$ 83,600,089	7,264,340	(79,976,546)	(431,123)	584,121	11,040,881
Balance, shares at Dec. 31, 2022	34,270,579
IfrsStatementLineItems [Line Items]
Shares issued for financing	$ 11,376,230					11,376,230
Shares issued for financing, shares	12,800,000
Share issue costs	$ (222,136)					(222,136)
Shares issued for the exercise of RSUs	$ 2,640,733	(2,640,733)
Shares issued for the exercise of RSUs, shares	1,508,255
Share-based payments		2,021,664				2,021,664
Net loss			(23,611,810)			(23,611,810)
Change in fair value of equity investments at FVOCI				(3,180)		(3,180)
Translation of foreign operations					(94,861)	(94,861)
Shares issued for financing – ATM (“At-the-market”)	$ 1,748,946					1,748,946
Shares issued for financing ATM ("At-the-market"), shares	650,729
Share issue costs	$ (2,072,886)	224,868				(1,848,018)
Balance at Dec. 31, 2023	$ 97,070,976	$ 6,870,139	$ (103,588,356)	$ (434,303)	$ 489,260	$ 407,716
Balance, shares at Dec. 31, 2023	49,229,563

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net loss for the year	$ (23,611,810)	$ (27,654,364)	$ (16,202,972)
Adjustments for:
Amortization	35,960	179,482	135,966
Depreciation	510,677	593,277	175,098
Bad debt	216,238
Change in fair value of derivative liability	(211,110)	(5,502,688)	(8,149,812)
Write down of inventory	331,671	1,976,514
Impairment of notes receivable	101,351	309,385	891,471
Impairment of goodwill and intangibles	87,415	6,454,914	4,579,763
Write down of deposit		228,572
Finance and other costs	4,355,156	(34,427)	(926)
(Gain) loss on sale of assets	18,426		(24,148)
Share-based payments	2,021,664	3,311,024	3,952,595
Adjustments for profit loss	(16,144,362)	(20,138,311)	(14,642,965)
Net changes in non-cash working capital items:
Receivables	1,223,112	(681,838)	(596,336)
Inventory	(872,265)	(150,241)	(2,157,203)
Prepaids	965,509	2,958,581	(3,401,868)
Trade payables and accrued liabilities	(170,782)	1,661,697	(1,044,133)
Customer deposits	(90,043)	22,624	(213,315)
Deferred income	43,984	(21,543)	51,186
Cash used in operating activities	(15,044,847)	(16,349,031)	(22,004,634)
INVESTING ACTIVITIES
Cash paid for acquisition, net of cash received			(466,643)
Purchase of equipment	(490,391)	(79,713)	(212,579)
Disposal of equipment	46,976	10,755
Purchase of intangible assets		(4,684)
Purchase of investments			(623,706)
Repayment (Issuance) of notes receivable	63,838	842,297	(2,002,678)
Cash provided by (used in) investing activities	(379,577)	768,655	(3,305,606)
FINANCING ACTIVITIES
Proceeds from issuance of common shares for financing	13,125,176		44,255,651
Share issue costs	(2,070,154)	(5,122)	(3,814,762)
Proceeds from issuance of common shares for warrants exercised		87,170	4,929,790
Proceeds from issuance of common shares for stock options exercised		26,875	1,014,123
Proceeds from issuance of loans			60,000
Repayment of loans	(6,747)	(6,746)	(48,747)
Repayment of lease liabilities	(330,159)	(150,275)	(128,996)
Cash provided by (used in) financing activities	10,718,116	(48,098)	46,267,059
Effects of exchange rate changes on cash	(94,861)	447,542	136,478
Change in cash	(4,706,308)	(15,628,474)	20,956,819
Cash and cash equivalents, beginning of year	7,894,781	23,075,713	1,982,416
Cash and cash equivalents, end of year	3,093,612	7,894,781	23,075,713
Interest paid in cash	$ 57,041	$ 51,338	$ 31,010

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS AND GOING CONCERN	12 Months Ended
	Dec. 31, 2023
Nature And Continuance Of Operations And Going Concern
NATURE AND CONTINUANCE OF OPERATIONS AND GOING CONCERN	1. NATURE AND CONTINUANCE OF OPERATIONS AND GOING CONCERN Draganfly Inc. (the “Company”) was incorporated on June 1, 2018 under the Business Corporations Act (British Columbia). The Company creates quality, cutting-edge unmanned and remote data collection and analysis platforms and systems that are designed to revolutionize the way companies do business. The Company’s shares trade on the Canadian Securities Exchange (the “CSE”), on the Nasdaq Capital Market (the “Nasdaq”) under the symbol “DPRO” and on the Frankfurt Stock Exchange under the symbol “3U8A”. The Company’s head office is located at 235 103 rd These consolidated financial statements have been prepared on the assumption that the Company will continue as a going concern, meaning it will continue in operation for the foreseeable future and will be able to realize assets and discharge liabilities in the ordinary course of operations. To date, the Company has not been profitable and has an accumulated deficit of $ 103,588,356 . The Company’s ability to continue as a going concern is dependent upon its ability to obtain additional financing and or achieve profitable operations in the future. These factors raise substantial doubt over the Company’s ability to continue as a going concern. These consolidated financial statements do not reflect adjustments that would be necessary if the going concern assumption were not appropriate. These adjustments could be material.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION	2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations issued by the International Reporting Interpretation Committee (“IFRIC”). The material accounting policy information set out below was consistently applied to all years presented unless otherwise noted. These consolidated financial statements were authorized for issue by the Board of Directors on March 27, 2024. Basis of consolidation Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases. The consolidated financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES Name of Subsidiary Place of Incorporation Ownership Interest Draganfly Innovations Inc. (DII) Canada 100 % Draganfly Innovations USA, Inc. (DI USA) US 100 % Dronelogics Systems Inc. (“Dronelogics”) Canada 100 % All intercompany balances and transactions were eliminated on consolidation. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D Foreign currency translation Transactions in foreign currencies are translated into the functional currency at rates of exchange at the time of such transactions. Monetary assets and liabilities are translated at the reporting period rate of exchange. Non-monetary assets and liabilities are translated at historical exchange rates. Gains and losses resulting from foreign exchange adjustments are included in profit or loss. The functional currencies of the parent company and each subsidiary are as follows: Draganfly Inc. Canadian Dollar Draganfly Innovations Inc. Canadian Dollar Draganfly Innovations USA, Inc. US Dollar Dronelogics Systems Inc. Canadian Dollar Financial statements of subsidiaries for which the functional currency is not the Canadian dollar are translated into Canadian dollars as follows: all asset and liability accounts are translated at the year-end exchange rate and all revenue and expense accounts and cash flow statement items are translated at average exchange rates for the year. The resulting translation gains and losses are recorded as exchange differences on translation of foreign operations in other comprehensive loss. Share-based payments The Company may grant stock options or restricted share units (“RSU’s”) to its directors, officers, employees and consultants. The Company records share-based compensation related to stock options using the Black-Scholes Option Pricing Model. The RSU’s granted entitle an employee, director or officer to either the issuance of common shares or cash payments payable upon vesting with terms determined by the Company’s Board of Directors at the time of the grant. If on the grant date it is determined there is an obligation to settle in cash, the RSU’s are accounted for as liabilities, with the fair value remeasured at the end of each reporting period and on the settlement date. Changes in fair value are recognized in profit and loss. Expense is recognized over the vesting period. The Company has a present obligation to settle in cash if the choice of settlement in shares has no commercial substance, or the Company has a past practice or a stated policy of setting in cash, or generally settles in cash whenever the counterparty asks for cash settlement. If no such obligation exists, RSUs are accounted for as equity settled share-based payments and are valued using the share price on grant date. Upon settlement: a) If the Company elects to settle in cash, the cash payment is accounted for as the repurchase of an equity interest (i.e. as a deduction from equity), except as noted in (c) below. b) If the Company elects to settle by issuing shares, the value of RSUs initially recognized in reserves is reclassified to share capital, except as noted in (c) below. c) If the Company elects the settlement alternative with the higher fair value, as at the date of settlement, the Company recognizes an additional expense for the excess value given (i.e. the difference between the cash paid and the fair value of shares that would otherwise have been issued, or the difference between the fair value of the shares and the amount of cash that would otherwise have been paid, whichever is applicable). Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) The aggregate sales price or amount of common shares issued during any consecutive 12-month period will not exceed the greatest of the following: (i) USD $1,000,000; (ii) 15% of the total assets of the Company, measured at the Company’s most recent balance sheet date; or (iii) 15% of the outstanding amount of the common shares of the Company, measured at the Company’s most recent balance sheet date In conjunction with private placements or brokered financings, the Company may issue compensatory warrants to agents as consideration for services provided. Awards of grants are accounted for in accordance with the fair value method of accounting and result in an increase in share issue costs and a credit to warrants within shareholders’ equity when warrants are issued. Loss per share Basic loss per share is calculated by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding in the year. Diluted income per share is calculated by dividing the profit attributable to common shareholders of the parent by the weighted average number of common shares outstanding during the year plus the weighted average number of common shares that would be issued on the conversion of all the dilutive potential common shares into common shares. The Company had 8,574,798 897,158 1,112,967 Financial Instruments Financial instruments are accounted for in accordance with IFRS 9 Financial Instruments: Classification and Measurement. A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets/liabilities Classification Cash and cash equivalents Fair value through profit or loss Receivables Amortized cost Notes receivable Fair value through profit or loss Investments Fair value through other comprehensive income Trade payables Amortized cost Customer deposits Amortized cost Loans payable Amortized cost Derivative liability Fair value through profit or loss a) Financial assets Classification and measurement The Company classifies its financial assets in the following categories: at fair value through profit or loss (“FVTPL”), at fair value through other comprehensive income (“FVTOCI”) or at amortized cost. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) The classification of debt instruments is driven by the business model for managing the financial assets and their contractual cash flow characteristics. Debt instruments are measured at amortized cost if the business model is to hold the instrument for collection of contractual cash flows and those cash flows are solely principal and interest. If the cash flows are not solely principal and interest, it is classified as FVTPL. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payments of principal and interest. Equity instruments that are held for trading (including all equity derivative instruments) are classified as FVTPL, for other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument by-instrument basis) to designate them as at FVTOCI. Financial assets at FVTPL Financial assets carried at FVTPL are initially recorded at fair value and transaction costs are recorded to profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of financial assets held at FVTPL are included in the profit or loss in the period in which they arise. Derivatives are also categorized as FVTPL unless they are designated as hedges. Financial assets at FVTOCI Financial assets carried at FVTOCI are initially recognized at fair value plus transaction costs. Subsequently they are measured at fair value, with gains and losses arising from changes in fair value recognized in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Financial assets at amortized cost Financial assets at amortized cost are initially recognized at fair value and subsequently carried at amortized cost less any impairment. They are classified as current assets or non-current assets based on their maturity date. Impairment of financial assets at amortized cost The Company recognizes a loss allowance for expected credit losses on financial assets that are measured at amortized cost. At each reporting date, the loss allowance for the financial asset is measured at an amount equal to the lifetime expected credit losses if the credit risk on the financial asset has increased significantly since initial recognition. If at the reporting date, the financial asset has not increased significantly since initial recognition, the loss allowance is measured for the financial asset at an amount equal to twelve month expected credit losses. For trade receivables the Company applies the simplified approach to providing for expected credit losses, which allows the use of a lifetime expected loss provision. Impairment losses on financial assets carried at amortized cost are reversed in subsequent periods if the amount of the loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognized. Derecognition of financial assets Financial assets are derecognized when the risks and rewards of ownership have been transferred. Gains and losses on derecognition of financial assets classified as FVTPL or amortized cost are recorded to profit or loss. Gains or losses on financial assets classified as FVTOCI remain within accumulated other comprehensive loss. b) Financial liabilities The Company classifies its financial liabilities into one of two categories as follows: FVTPL - This category comprises derivatives and financial liabilities incurred principally for the purpose of selling or repurchasing in the near term. They are carried at fair value with changes in fair value recognized in profit or loss. Other financial liabilities - This category consists of liabilities carried at amortized cost using the effective interest method. Trade payables, customer deposits and loans payable are included in this category. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Derecognition of financial liabilities Financial liabilities are derecognized when its contractual obligations are discharged, cancelled, or expire. The Company also derecognizes a financial liability when the terms of the liability are modified such that the terms and/or cash flows of the modified instrument are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. Gains and losses on derecognition are recognized in profit or loss. Impairment of non-financial assets The carrying amounts of the non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If indicators exist, then the asset’s recoverable amount is estimated. The recoverable amounts of the following types of intangible assets are measured annually, whether or not there is any indication that it may be impaired: ● an intangible asset with an indefinite useful life; and ● an intangible asset not yet available for use; The recoverable amount of an asset or cash-generating unit (“CGU”) is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. In respect of assets other than goodwill and intangible assets that have indefinite useful lives, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed in a subsequent period when there has been an increase in the recoverable amount of a previously impaired asset or CGU. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. Income taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income taxes relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Deferred income tax Deferred income tax is recognized, using the asset and liability method, on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority. Inventory Inventory consists of raw materials and finished goods for manufacturing of multi-rotor helicopters, industrial areal video systems, civilian small unmanned aerial systems or vehicles, health monitoring equipment, and wireless video systems. Inventory is initially valued at cost and subsequently at the lower of cost and net realizable value. Cost is determined using the first-in-first-out method. The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of purchase include the purchase price, import duties and non-recoverable taxes and transport, handling and other costs directly attributable to the acquisition of finished goods, materials or services. The costs of conversion include direct materials and labour costs and a systematic allocation of fixed and variable overheads incurred in converting materials into finished goods. The Company reviews inventory for obsolete and slow-moving goods and any such inventory is written-down to net realizable value. Revenue recognition Revenue comprises the fair value of consideration received or receivable for the sale of goods and consulting services in the ordinary course of the Company’s business. Revenue is shown net of return allowances and discounts. Sales of goods The Company manufactures and sells a range of multi-rotor helicopters, industrial aerial video systems, and civilian small unmanned aerial systems or vehicles. Sales are recognized at a point-in-time when control of the products has transferred. The control transfer for Dronelogics Systems Inc. (“Dronelogics”) and Draganfly Innovations USA, Inc. is when the products are shipped to the customer and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. At this point revenue is recognized. For Draganfly Innovations Inc. transfer occurs for sales outside of North America when shipped and for sales within North America on delivery which occurs in proximity to shipping. Revenue is recognized when the transfer of control has occurred. Revenue from these sales is recognized based on the price specified in the contract, net of the estimated discounts and returns. Accumulated experience is used to estimate and provide for the discounts and returns, using the expected value method, and revenue is only recognized to the extent that it is highly probable that a significant reversal will not occur. To date, returns have not been significant. No element of financing is deemed present as the sales are made with a credit term of 30 days, which is consistent with market practice. Some contracts include multiple performance obligations, such as the sale of hardware and support or maintenance. Where support or maintenance is performed by another party and does not include an integration service it is accounted for as a separate performance obligation. In this case, the transaction price will be allocated to each performance obligation based on stand-alone selling price. Where the stand-alone selling price is not directly observable, the price is estimated based on expect cost plus margin. Where the support or maintenance is provided by the Company, the contract is analyzed to identify the performance obligations and transaction price. The price is then allocated across the obligations identified in the contract. Revenue is recognized when the Company satisfies a performance obligation. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Services The Company provides consulting, custom engineering, drones as a service, and investigating and solving on a project-by-project basis under fixed-price and variable price contracts. Revenue from providing services is recognized over time as the services are rendered. The Company provides rental of equipment which is measured based on rates through contracts or other written agreements with customers. Revenue is recognized in the period when services are performed and only when there is reasonable assurance that the revenue will be collected. Deferred Income A payment received is included as deferred revenue when products have yet be shipped to the customers as of the period end or there are unfulfilled obligations related to the revenue received. The amount to be recognized within twelve months following the year-end date is classified as current. Cost of Goods Sold Cost of sales includes the expenses incurred to acquire and produce inventory for sale, including product costs, freight costs, as well as provisions for reserves related to product shrinkage, or lower of cost and net realizable value adjustments as required. Intangible Assets and Goodwill An intangible asset is an identifiable asset without physical substance. An asset is identifiable if it is separable, or arises from contractual or legal rights, regardless of whether those rights are transferrable or separable from the Company or from other rights and obligations. Intangible assets include intellectual property, which consists of patent and trademark applications, brands and software. Intangible assets acquired externally are measured at cost less accumulated amortization and impairment losses. The cost of a group of intangible assets acquired is allocated to the individual intangible assets based on their relative fair values. The cost of intangible assets acquired externally comprises its purchase price and any directly attributable cost of preparing the asset for its intended use. Research and development costs incurred subsequent to the acquisition of externally acquired intangible assets and on internally generated intangible assets are accounted for as research and development costs. Intangible assets with finite useful lives are amortized on a straight-line basis over the expected life of each intellectual property to write off the cost of the assets from the date they are available for use. SCHEDULE OF INTANGIBLE ASSETS WITH FINITE USEFUL LIVES Class of intangible asset Useful live Customer relationship 5 Brand 5 Software 5 Patents 5 Goodwill represents the excess of the value of the consideration transferred over the fair value of the net identifiable assets and liabilities acquired in a business combination. Goodwill is allocated to the cash generating unit to which it relates. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Equipment Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the consolidated statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the consolidated statement of comprehensive loss. Depreciation is generally calculated on a declining balance method to write off the cost of the assets to their residual values over their estimated useful lives. Depreciation for leasehold improvements is fully expensed over the expected term of the lease. The depreciation rates applicable to each category of equipment are as follows: SCHEDULE OF CLASS OF EQUIPMENT Class of equipment Depreciation rate Computer equipment 30% Furniture and equipment 20% Leasehold improvements Expected lease term Vehicles 30% Research and development expenditures Expenditures on research are expensed as incurred. Research activities include formulation, design, evaluation and final selection of possible alternatives, products, processes, systems or services. Development expenditures are expensed as incurred unless the Company can demonstrate all of the following: (i) the technical feasibility of completing the intangible asset so that it will be available for use or sale; (ii) its intention to complete the intangible asset and use or sell it; (iii) its ability to use or sell the intangible asset; (iv) how the intangible asset will generate probable future economic benefits. The Company can also demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset; (v) the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and (vi) its ability to measure reliably the expenditure attributable to the intangible asset during its development. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Government Assistance Government grants are recognized when there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the period that the related costs, for which it is intended to compensate, are expensed. When the grant relates to an asset, the cost of the asset is reduced by the amount of the grant and the grant is recognized as income in equal amounts over the expected useful life of the asset. Leases A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At the commencement date, the lease liability is recognized at the present value of the future lease payments and discounted using the interest rate implicit in the lease or the Company’s incremental borrowing rate. A corresponding right-of-use (“ROU”) asset is recognized at the amount of the lease liability, adjusted for any lease incentives received and initial direct costs incurred. Over the term of the lease, financing expense is recognized on the lease liability using the effective interest rate method and charged to net income, lease payments are applied against the lease liability and depreciation on the ROU asset is recorded by class of underlying asset. The lease term is the non-cancellable period of a lease plus periods covered by an optional lease extension option if it is reasonably certain that the Company will exercise the option to extend. Conversely, periods covered by an option to terminate are included if the Company does not expect to end the lease during that time frame. Leases with a term of less than twelve months or leases for underlying low value assets are recognized as an expense in net income on a straight-line basis over the lease term. A lease modification is accounted for as a separate lease if it materially changes the scope of the lease. For a modification that is not a separate lease, on the effective date of the lease modification, the Company will remeasure the lease liability and corresponding ROU asset using the interest rate implicit in the lease or the Company’s incremental borrowing rate. Any variance between the remeasured ROU asset and lease liability will be recognized as a gain or loss in net income to reflect the change in scope. New accounting standards issued not yet effective Accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s consolidated financial statements.

MANAGEMENT JUDGEMENT AND ASSUMP

MANAGEMENT JUDGEMENT AND ASSUMPTIONS	12 Months Ended
	Dec. 31, 2023
Management Judgement And Assumptions
MANAGEMENT JUDGEMENT AND ASSUMPTIONS	3. MANAGEMENT JUDGEMENT AND ASSUMPTIONS Significant estimates and assumptions The preparation of consolidated financial statements in accordance with IFRS requires the Company to make estimates and assumptions about reported amounts at the date of the consolidated financial statements and in the future. The Company’s management reviews these estimates and underlying assumptions on an ongoing basis, based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to estimates are adjusted for prospectively in the period in which the estimates are revised. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 3. MANAGEMENT JUDGEMENT AND ASSUMPTIONS (CONT’D Share-based payments The cost of share-based payment transactions with directors, officers and employees are measured by reference to the fair value of the equity instruments. Estimating fair value for share-based payment transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining and making assumptions about the most appropriate inputs to the valuation model including the expected life, volatility, risk-free interest rate, expected forfeiture rate and dividend yield. Income taxes Provisions for income taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these income tax provisions at the end of each reporting period. However, it is possible that at some future date an additional liability could result from audits by tax authorities. Where the final outcome of these tax-related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made. Deferred tax assets are recognized when it is determined that the Company is likely to recognize their recovery from the generation of taxable income. Inventory Inventory is valued at the lower of cost and net realizable value. Net realizable value is determined with reference to the estimated selling price less costs to sell. The Company estimates selling price based upon assumptions about future demand and current and anticipated retail market conditions. The future realization of these inventories may be affected by future technology or other market- driven changes that may reduce future selling prices. Investments in Private companies Where the fair value of investments in private companies recorded on the consolidated statement of financial position cannot be derived from active markets, they are determined using a variety of valuation techniques. The inputs to these models are derived from observable market data where possible, but where observable market data is not available, judgment is required to establish fair value and this value may not be indicative of the eventual recoverable value. Expected credit losses on trade receivables and notes receivable When determining expected credit losses (“ECLs”), the Company considers the historic credit losses observed by the Company, customer-specific payment history and economic conditions. When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECL’s, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Company’s historical experience, informed credit assessment and forward-looking information. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 3. MANAGEMENT JUDGEMENT AND ASSUMPTIONS (CONT’D Useful lives of equipment and intangible assets Estimates of the useful lives of equipment and intangible assets are based on the period over which the assets are expected to be available for use. The estimated useful lives are reviewed annually and are updated if expectations differ from previous estimates due to physical wear and tear, technical or commercial obsolescence, and legal or other limits on the use of the relevant assets. In addition, the estimation of the useful lives of the relevant assets may be based on internal technical evaluation and experience with similar assets. It is possible, however, that future results of operations could be materially affected by changes in the estimates brought about by changes in the factors mentioned above. The amounts and timing of recorded expenses for any period would be affected by changes in these factors and circumstances. A reduction in the estimated useful lives of the equipment would increase the recorded expenses and decrease the non-current assets. Significant judgments The preparation of consolidated financial statements in accordance with IFRS requires the Company to make judgments, apart from those involving estimates, in applying accounting policies. The most significant judgments applied to the Company’s consolidated financial statements include: − The assessment of the Company’s ability to continue as a going concern and whether there are events or conditions that may give rise to significant uncertainty; − the classification of financial instruments; − the assessment of revenue recognition using the five-step approach under IFRS 15; and − the determination of the functional currency of each entity in the group.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	12 Months Ended
	Dec. 31, 2023
Cash And Cash Equivalents
CASH AND CASH EQUIVALENTS	4. CASH AND CASH EQUIVALENTS SCHEDULE OF CASH AND CASH EQUIVALENTS December 31, 2023 December 31, 2022 Cash held in banks $ 3,093,612 $ 7,500,607 Guaranteed investment certificates - 394,174 Cash and cash equivalents $ 3,093,612 $ 7,894,781 On March 27, 2022 the Company renewed a GIC for $ 142,852 1 1.00 143,436 143,436 1 4.5 On May 30, 2022 the Company renewed the GIC for $ 140,493 1 0.75 140,738 140,738 1 4.5 All GIC’s were required to be maintained and renewed upon maturity until such time as the associated credit cards were cancelled. These credit cards were cancelled and all related GIC’s were not renewed during the year ended December 31, 2023.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Dec. 31, 2023
Schedule Of Amounts Receivable
RECEIVABLES	5. RECEIVABLES SCHEDULE OF AMOUNTS RECEIVABLE December 31, 2023 December 31, 2022 Trade accounts receivable $ 610,443 $ 1,343,795 Taxes receivable 39,169 745,170 Trade and other receivables $ 649,612 $ 2,088,965 During the year ended December 31, 2023 the Company recorded a provision for doubtful accounts of $ 216,238 nil The Company applies a direct customer analysis approach to measure expected credit losses. The Company assesses collectability of receivables of each customer on an individual basis using quantitative and qualitative information available to management. The historical loss rates are adjusted to reflect the current and forward-looking information on economic factors affecting the ability of the customers to make regular monthly payments on the receivables. Receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include business closure and/or the failure to make monthly contractual payments. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

INVENTORY

INVENTORY	12 Months Ended
	Dec. 31, 2023
Schedule Of Inventories
INVENTORY	6. INVENTORY SCHEDULE OF INVENTORIES December 31, 2023 December 31, 2022 Finished goods $ 904,858 $ 542,934 Parts 691,678 513,008 Inventories $ 1,596,536 $ 1,055,942 During the year ended December 31, 2023, $ 3,738,980 6,048,348 3,420,713 331,671 1,976,514 nil Cost of sales consist of the following: SCHEDULE OF COST OF SALES December 31, 2023 December 31, 2022 December 31, 2021 Inventory $ 3,738,980 $ 6,048,348 $ 3,420,713 Consulting and services 549,448 730,170 679,345 Other 202,300 35,866 310,719 Cost of sales $ 4,490,728 $ 6,814,384 $ 4,410,777

NOTES RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2023
Notes Receivable
NOTES RECEIVABLE	7. NOTES RECEIVABLE DISCLOSURE OF NOTES RECEIVABLE Maturity Date Rate Principal Interest Accretion (Impairment)/Recovery Repayments Balance December 31, 2023 Note 1 (1) 2023-12-15 0 % $ 190,396 $ - $ - $ (101,351 ) $ (63,838 ) $ - Note 2 (1) 2024-09-22 5 % 1,003,682 - - - - - Total $ 1,194,078 $ - $ - $ (101,351 ) $ (63,838 ) $ - Maturity Date Rate Principal Interest Accretion (Impairment)/Recovery Repayments Balance December 31, 2022 Note 1 (1) 2023-03-31 0 % $ 190,396 $ - $ 12,764 $ - $ (33,860 ) $ 169,300 Note 2 (1) 2024-09-22 5 % 1,003,682 48,992 27,971 (1,080,645 ) - - Note 3 2022-04-26 8 % - 37,177 - 771,260 (808,437 ) - Total $ 1,194,078 $ 86,169 $ 40,735 $ (309,385 ) $ (842,297 ) $ 169,300 (1) These notes are denominated in US dollars and are converted to Canadian dollars at the reporting date. nil Note 2 was issued on September 9, 2021, bears interest at 5 nil Note 3 was issued on November 17, 2021 bearing interest at 8 nil 808,437 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

PREPAIDS

PREPAIDS	12 Months Ended
	Dec. 31, 2023
Schedule Of Prepaid Expenses And Deposits
PREPAIDS	8. PREPAIDS SCHEDULE OF PREPAID EXPENSES AND DEPOSITS December 31, 2023 December 31, 2022 Insurance $ 838,445 $ 1,148,455 Prepaid interest 810 1,889 Prepaid marketing services 71,539 733,417 Prepaid rent 21,768 12,485 Prepaid subscriptions 48,007 29,194 Deposits (1) 361,646 382,284 Prepaid expenses and deposits $ 1,342,215 $ 2,307,724 (1) A deposit in the amount of $ 228,572

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2023
Schedule Of Investments
INVESTMENTS	9. INVESTMENTS SCHEDULE OF INVESTMENTS Balance at December 30, 2021 291,066 Change in fair value (98,483 ) Balance at December 31, 2022 192,583 Change in fair value (3,180 ) Balance at December 31, 2023 $ 189,403 Fair value of investments is comprised of: SCHEDULE OF FAIR VALUE OF INVESTMENT Public company shares $ 57,143 Private company shares 132,260 Balance at December 31, 2023 $ 189,403 Public company shares $ 57,143 Private company shares 135,440 Balance at December 31, 2022 $ 192,583 The Company holds 1,428,571 common shares (2022 – 1,428,571 ) and nil (2022 – 1,428,571 ) warrants of Windfall Geotek Inc. a publicly traded company. At December 31, 2023 the fair value of the shares was based on the quoted price of $ 0.04 (2022 - $ 0.04 ). As of the issue date of these consolidated financial statements the quoted price of the shares was $ 0.03 . The warrants expired on March 17, 2023 . The fair values of the warrants as of December 31, 2022 were estimated using the Black-Scholes Option Pricing Model with the following assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR FAIR VALUES WARRANTS December 31, 2022 Risk free interest rate 4.07 % Expected volatility 116.00 % Expected life 0.21 Expected dividend yield 0 % On October 27, 2021, the Company purchased 50,000 100,000 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

EQUIPMENT

EQUIPMENT	12 Months Ended
	Dec. 31, 2023
Disclosure Equipment Abstract
EQUIPMENT	10. EQUIPMENT SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Computer Equipment Furniture and Equipment Leasehold Improvements Software Vehicles Total Computer Equipment Furniture and Equipment Leasehold Improvements Software Vehicles Total Cost Balance at December 31, 2021 $ 54,110 $ 342,472 $ 4,352 $ 29,967 $ 36,033 $ 466,934 Additions 60,240 528,080 - - - 588,320 Disposals (18,688 ) (36,099 ) (4,352 ) (29,967 ) - (89,106 ) Balance at December 31, 2022 $ 95,662 $ 834,453 $ - $ - $ 36,033 $ 966,148 Property, plant and equipment, beginning balance $ 95,662 $ 834,453 $ - $ - $ 36,033 $ 966,148 Additions 58,611 320,941 86,530 - 24,310 490,394 Disposals (21,000 ) (115,204 ) - - - (136,204 ) Balance at December 31, 2023 $ 133,273 $ 1,040,192 $ 86,530 $ - $ 60,343 $ 1,320,338 Property, plant and equipment, ending balance $ 133,273 $ 1,040,192 $ 86,530 $ - $ 60,343 $ 1,320,338 Accumulated depreciation Balance at December 31, 2021 $ 25,291 $ 102,277 $ 4,352 $ 24,737 $ 13,234 $ 169,891 Charge for the year 32,627 433,855 - - 3,435 469,917 Disposals (15,920 ) (33,342 ) (4,352 ) (24,737 ) - (78,351 ) Balance at December 31, 2022 $ 41,998 $ 502,790 $ - $ - $ 16,669 $ 561,457 Accumulated depreciation Property, plant and equipment, beginning balance $ 41,998 $ 502,790 $ - $ - $ 16,669 $ 561,457 Charge for the year 22,762 112,361 6,790 - 12,497 154,410 Disposals (6,582 ) (69,748 ) - - - (76,330 ) Balance at December 31, 2023 $ 58,178 $ 545,403 $ 6,790 $ - $ 29,166 $ 639,537 Accumulated depreciation Property, plant and equipment, ending balance $ 58,178 $ 545,403 $ 6,790 $ - $ 29,166 $ 639,537 Net book value: December 31, 2022 $ 53,664 $ 331,663 $ - $ - $ 19,364 $ 404,691 December 31, 2023 $ 75,095 $ 494,789 $ 79,740 $ - $ 31,177 $ 680,801 Property, plant and equipment $ 75,095 $ 494,789 $ 79,740 $ - $ 31,177 $ 680,801 During the year ended December 31, 2022 $ 508,607 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	12 Months Ended
	Dec. 31, 2023
Intangible Assets And Goodwill
INTANGIBLE ASSETS AND GOODWILL	11. INTANGIBLE ASSETS AND GOODWILL SCHEDULE OF INTELLECTUAL PROPERTY Patents Customer Relationships Brand Software Goodwill Total Cost Balance at December 31, 2021 $ 41,931 $ 197,000 $ 23,000 $ 552,000 $ 5,940,409 $ 6,754,340 Cost, beginning balance $ 41,931 $ 197,000 $ 23,000 $ 552,000 $ 5,940,409 $ 6,754,340 Additions - - - 4,684 - 4,684 Foreign exchange translation - - 1,571 29,576 257,782 288,929 Impairment - - (24,571 ) (462,577 ) (6,198,191 ) (6,685,339 ) Balance at December 31, 2022 $ 41,931 $ 197,000 $ - $ 123,683 $ - $ 362,614 Impairment - (87,415 ) - - - (87,415 ) Balance at December 31, 2023 $ 41,931 $ 109,585 $ - $ 123,683 $ - $ 275,199 Cost, ending balance $ 41,931 $ 109,585 $ - $ 123,683 $ - $ 275,199 Accumulated amortization Balance at December 31, 2021 $ 41,931 $ 60,414 $ 3,450 $ 114,235 $ - $ 220,030 Charge for the year - 27,317 4,719 147,446 - 179,482 Foreign exchange translation - - 431 13,295 - 13,726 Impairment - - (8,600 ) (221,825 ) - (230,425 ) Balance at December 31, 2022 41,931 87,731 - 53,151 - 182,813 Charge for the year - 21,854 - 14,106 - 35,960 Balance at December 31, 2023 $ 41,931 $ 109,585 $ - $ 67,257 $ - $ 218,773 Net book value: December 31, 2022 $ - $ 109,269 $ - $ 70,532 $ - $ 179,801 December 31, 2023 $ - $ - $ - $ 56,426 $ - $ 56,426 Net book value $ - $ - $ - $ 56,426 $ - $ 56426 Goodwill On December 31, 2022 the Company performed its annual goodwill impairment test on Vital and Dronelogics. The Company determined the recoverable amount based on a value in use calculation using the following key assumptions: ● 5 year post tax cash flow projections expected to be generated based on a financial forecast with a terminal growth rate of 2% 2% ● Budgeted cash flows calculated using a weighted average revenue EBITDA margin of 6.5% 14% 0% 42% ● Cash flows were discounted at the weighted average cost of capital of 19% 17% 29% 24% Based on the annual goodwill impairment test, the Company determined that the goodwill for Dronelogics and Vital required impairment, as such the Company recorded an impairment charge of $ 2,166,563 nil 4,031,628 4,579,763 15,971 240,752 The most sensitive inputs to the value in use model are the growth and discount rates. All else being equal: ● A 10% 104,248 597,100 Nil 570,133 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

RIGHT OF USE ASSETS

RIGHT OF USE ASSETS	12 Months Ended
	Dec. 31, 2023
Right Of Use Assets
RIGHT OF USE ASSETS	12. RIGHT OF USE ASSETS SCHEDULE OF RIGHT OF USE ASSETS Total Cost Balance at December 31, 2021 and 2022 $ 683,117 Additions 740,355 Lease adjustment - Balance at December 31, 2023 $ 1,423,472 Accumulated depreciation Balance at December 31, 2021 $ 215,011 Charge for the year 123,360 Balance at December 31, 2022 $ 338,371 Charge for the year 363,086 Foreign exchange 328 Balance at December 31, 2023 $ 701,785 Net book value: December 31, 2022 $ 344,746 December 31, 2023 $ 721,687 The consolidated statement of financial position shows the following amounts related to leases: SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES December 31, 2023 December 31, 2022 Buildings $ 721,687 $ 342,361 Vehicles - 2,385 Right of use assets $ 721,687 $ 344,746 Additions to the right of the assets during the 2023 financial year were $ 740,355 nil

LEASE LIABILITES

LEASE LIABILITES	12 Months Ended
	Dec. 31, 2023
Lease Liabilites
LEASE LIABILITES	13. LEASE LIABILITES The Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities and vehicles with terms ranging from one to five years 11.7% 13.3% SCHEDULE OF OPERATING LEASE LIABILITIES Total Balance at December 31, 2021 $ 489,123 Interest expense 39,795 Lease payments (150,275 ) Balance at December 31, 2022 378,643 Interest expense 96,423 Additions 734,903 Lease payments (423,410 ) Foreign exchange 3,464 Balance at December 31, 2023 $ 790,023 Which consists of: December 31, 2023 December 31, 2022 Current lease liability $ 362,001 $ 133,962 Non-current lease liability 428,022 244,681 Ending balance $ 790,023 $ 378,643 SCHEDULE OF OPERATING MATURITY ANALYSIS Maturity analysis December 31, 2023 December 31, 2022 Less than one year $ 429,948 $ 147,340 One to three years 355,879 209,078 Four to five years 141,519 83,850 Total undiscounted lease liabilities 927,346 440,268 Amount representing interest (137,323 ) (61,625 ) Lease liability $ 790,023 $ 378,643 Variable lease payments of $ 43,542 22,539 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

TRADE PAYABLES AND ACCRUED LIAB

TRADE PAYABLES AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2023
Trade Payables And Accrued Liabilities
TRADE PAYABLES AND ACCRUED LIABILITIES	14. TRADE PAYABLES AND ACCRUED LIABILITIES SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2023 December 31, 2022 Trade accounts payable $ 1,259,623 $ 751,422 Accrued liabilities 1,345,649 2,031,545 Government grant payable 33,709 33,709 Trade payables and accrued liabilities $ 2,638,981 $ 2,816,676

DEFERRED INCOME

DEFERRED INCOME	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
DEFERRED INCOME	15. DEFERRED INCOME At times, the Company may take payment in advance for services to be rendered. These amounts are held and recognized as services are rendered. SCHEDULE OF DEFERRED INCOME December 31, 2023 December 31, 2022 Deferred, revenue beginning $ 63,690 $ 5,233 Revenue recognized (64,816 ) (4,939 ) Unearned revenues received 108,800 63,396 Deferred income gross $ 107,674 $ 63,690 Current portion $ 12,112 $ 63,690 Long term portion 95,562 - Deferred Income net $ 107,674 $ 63,690 Deferred revenue of $ 12,112

LOANS PAYABLE

LOANS PAYABLE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LOANS PAYABLE	16. LOANS PAYABLE SCHEDULE OF LOANS PAYABLE December 31, 2023 December 31, 2022 Opening balance $ 86,571 $ 93,317 Issuance of loans payable - - Fair value adjustment - (4,891 ) Repayment of loans payable (6,747 ) (6,746 ) Accretion expense 5,234 4,891 Ending balance $ 85,058 $ 86,571 SCHEDULE OF LOANS Start Date Maturity Date Rate Carrying Value December 31, 2023 Carrying Value December 31, 2022 CEBA 2020-05-19 2024-03-28 0 % $ 40,000 $ 37,383 CEBA 2021-04-23 2024-03-28 0 % 40,000 37,383 Vehicle loan 2019-08-30 2024-09-11 6.99 % 5,058 11,805 Total $ 85,058 $ 86,571 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 16. LOANS PAYABLE (CONT’D) On May 19, 2020, Dronelogics received a $ 40,000 25 10,000 5 20,000 10,000 On April 23, 2021, Draganfly Innovations Inc. received a $ 60,000 20,000 The CEBA loans are unsecured, and the vehicle loan is secured by the vehicle.

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2023
SHARE CAPITAL	17. SHARE CAPITAL Authorized share capital Unlimited number of common shares without par value. Issued share capital During the year ended December 31, 2023, ● The Company issued 1,508,255 ● The Company issued 8,000,000 common shares in a financing for $ 10,856,166 with share issuance costs of $ 1,953,032 for net proceeds of $ 8,903,134 ● The Company issued 650,729 1,748,946 222,136 1,526,810 ● The Company issued 4,800,000 4,858,995 889,623 3,969,372 793,979 During the year ended December 31, 2022, ● The Company issued 16,538 87,170 ● The Company issued 12,500 26,875 ● The Company issued 1,072,595 Stock Options The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company may from time to time, in its discretion, and in accordance with the CSE requirements, grant to directors, officers, employees, and technical consultants to the Company, non-transferable stock options to purchase common shares. The total number of common shares reserved and available for grant and issuance pursuant to this plan shall not exceed 20% (in the aggregate) of the issued and outstanding common shares from time to time. The number of options awarded and underlying vesting conditions are determined by the Board of Directors in its discretion. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 17. SHARE CAPITAL (CONT’D) As at December 31, 2023, the Company had the following options outstanding and exercisable: SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE Grant Date Expiry Date Exercise Price Remaining Contractual Life (years) Number of Options Outstanding Number of Options Exercisable October 30, 2019 October 30, 2029 $ 2.50 5.84 278,332 278,332 November 19, 2019 November 19, 2029 $ 2.50 5.89 50,000 50,000 April 30, 2020 April 30, 2030 $ 2.50 6.33 85,000 85,000 April 30, 2020 April 30, 2030 $ 3.85 6.33 110,000 110,000 July 3, 2020 July 3, 2025 $ 3.20 1.51 100,000 100,000 November 24, 2020 November 24, 2030 $ 2.50 6.90 32,000 32,000 February 2, 2021 February 2, 2031 $ 13.20 7.10 30,000 30,000 March 8, 2021 March 8, 2026 $ 13.90 2.19 10,000 10,000 April 27, 2021 April 27, 2031 $ 10.15 7.33 146,000 97,326 September 9, 2021 September 9, 2026 $ 4.84 2.69 25,826 17,217 November 9, 2023 November 9, 2033 $ 0.626 9.87 30,000 10,000 897,158 819,875 SCHEDULE OF STOCK OPTIONS OUTSTANDING Number of Options Weighted Average Exercise Price Outstanding, December 31, 2021 1,035,991 $ 4.60 Exercised (12,500 ) 2.15 Forfeited (146,334 ) 4.77 Outstanding, December 31, 2022 877,157 $ 4.60 Forfeited (9,999 ) 3.77 Issued 30,000 0.63 Outstanding, December 31, 2023 897,158 $ 4.48 During the year ended December 31, 2023, ● The Company granted 30,000 0.626 10 No options were granted by the Company for the year ended December 31, 2022 During the year ended December 31, 2023, the Company recorded $ 151,174 (2022- $ 502,837 ) in stock-based compensation in relation to the vesting of stock options. The fair values of stock options granted were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS Year ended December 31, December 31, 2023 December 31, 2022 Risk free interest rate 4.58 % - Expected volatility 115.1 % - Expected life 10 - Expected dividend yield 0 % - Exercise price $ 0.63 $ - Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 17. SHARE CAPITAL (CONT’D) Restricted Share Units The Company has adopted an incentive share compensation plan, which provides that the Board of Directors of the Company in its discretion and in accordance with the Exchange requirements, grant to directors, officers, employees and technical consultants to the Company, restricted stock units (RSUs). RSUs will have a 3-year vesting period following the award date. The total number of common shares reserved and available for grant and issuance pursuant to this plan, and the total number of Restricted Share Units that may be awarded pursuant to this plan, shall not exceed 20% (in the aggregate) of the issued and outstanding common shares from time to time. As at December 31, 2023, the Company had the following RSUs outstanding: SUMMARY OF CHANGES IN RESTRICTED STOCK UNITS Number of RSU’s Outstanding, December 31, 2021 514,832 Vested (1,072,595 ) Issued 1,820,972 Forfeited (64,334 ) Outstanding, December 31, 2022 1,198,875 Vested (1,508,255 ) Issued 1,685,316 Forfeited (262,969 ) Outstanding, December 31, 2023 1,112,967 During the year ended December 31, 2023, 1,508,255 1,687,014 264,668 During the year ended December 31, 2022, 1,072,595 1,820,972 64,334 During the year ended December 31, 2023, the Company recorded share-based payment expense of $ 1,866,490 (2022: $ 2,808,187) for RSU’s, based on the fair values of RSU’s granted which are calculated using the closing price of the Company’s stock on the day prior to grant. Warrants During the year ended December 31, 2023, the Company issued 1,600,000 0.5499 0.0001 6,400,000 0.6123 5 October 30, 2028 320,000 0.6875 3 To reach a fair value of the USD Warrants, a Black Scholes calculation is used, calculated in USD as the Company also trades on the Nasdaq. The Black Scholes value per USD Warrant is then multiplied by the number of outstanding warrants and then multiplied by the foreign exchange rate at the end of the period. At the date of issue the warrants were valued with a risk free rate of 4.8 115.35 5 0 4.87 138.83 3 0 Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 17. SHARE CAPITAL (CONT’D) Warrant Derivative Liability SCHEDULE OF WARRANT DERIVATIVE LIABILITY Balance at December 31, 2021 $ 4,865,772 Change in fair value of warrants outstanding (4,865,772 ) Balance at December 31, 2022 $ - Warrants issued 3,985,015 Change in fair value of warrants outstanding 211,110 Balance at December 31, 2023 $ 4,196,125 Derivative liability balance at December 31, 2023 December 31, 2022 Warrants $ 4,196,125 $ - Contingent consideration - 57,314 Ending balance $ 4,196,125 $ 57,314 The contingent liability is related to an acquisition on March 22, 2021, whereby 1,200,000 900,000 2,000,000 6,000,000 March 25, 2023 Details of these warrants and their fair values are as follows: SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING Issue Date Exercise Price Number of Warrants Outstanding at December 31, 2023 Fair Value at December 31, 2023 Number of Warrants Outstanding at December 31, 2022 Fair Value at December 31, 2022 February 5, 2021 US$ 3.55 - $ - 1,319,675 $ - March 5, 2021 US$ 3.55 - - 5,142,324 - October 30, 2023 US$ 0.6123 6,400,000 3,180,543 - - October 30, 2023 US$ 0.0001 1,600,000 1,015,582 - - 8,000,000 $ 4,196,125 6,461,999 $ - 1) The warrants expired on February 5, 2023. 2) The warrants expired on March 5, 2023. 3) The warrants expire October 30, 2028. 4) The warrants have no expiry date. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 17. SHARE CAPITAL (CONT’D) The fair values of these warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS December 31, 2023 December 31, 2022 Risk free interest rate 3.84 4.07 % Expected volatility 113.78 % 91.66% 93.48 % Expected life 4.8 0.10 0.18 Expected dividend yield 0 % 0 % SUMMARY OF CHANGES IN WARRANTS Number of Warrants Weighted Average Exercise Price Outstanding, December 31, 2021 8,414,819 $ 4.99 Exercised (16,538 ) 4.51 Issued (481,484 ) 4.61 Outstanding, December 31, 2022 7,916,797 $ 5.08 Issued 8,320,000 0.50 Expired (7,661,999 ) 5.89 Outstanding December 31, 2023 8,574,798 $ 0.63 As at December 31, 2023, the Company had the following warrants outstanding: SCHEDULE OF WARRANTS OUTSTANDING Date issued Expiry date Exercise price Number of warrants outstanding July 29, 2021 July 29, 2024 US$ 5.00 250,000 September 14, 2021 September 14, 2024 US$ 5.00 4,798 October 30, 2023 October 30, 2026 US$ 0.6875 320,000 October 30, 2023 October 30, 2028 US$ 0.6123 6,400,000 October 30, 2023 No expiry date US$ 0.0001 1,600,000 8,574,798 The weighted average remaining contractual life of warrants outstanding as of December 31, 2023, was 4.63 0.47 years).

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SEGMENTED INFORMATION	18. SEGMENTED INFORMATION The Company organizes its three segments based on product lines as well as a Corporate segment. The three segments are Drones, Vital (Vital Intelligence), and Corporate. The Drones segment derives its revenue from products and services related to the sale of unmanned aerial vehicles (UAV). The Vital segment derives its revenue from the sale of products that measure vitals to help detect symptoms from large groups of people from a distance. The Corporate segment includes all costs not directly associated with the Drone and Vital segments. The Company aggregates the information for the segments by analyzing the revenue steam and allocating direct costs to that respective segment. The Corporate segment is aggregated by relying on the entity that includes corporate costs (Draganfly Inc.) Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 18. SEGMENTED INFORMATION (CONT’D) The board of the Company relies on executive management which assesses the financial performance and position of the group and makes strategic decisions. Executive management, which has been identified as being the chief operating decision maker, consists of the chief executive officer, lead director, chief operating officer and chief financial officer. SCHEDULE OF SEGMENTED INFORMATION December 31, 2023 Drones Vital Corporate Total Sales of goods $ 4,905,417 $ 381,676 $ - $ 5,287,093 Provision of services 1,267,749 - - 1,267,749 Total revenue $ 6,173,166 $ 381,676 $ - $ 6,554,842 Segment loss $ 14,743,176 $ (140,366 ) $ 8,323,731 $ 22,926,541 Finance and other costs (80,211 ) - (3,069 ) (83,280 ) Depreciation 499,530 - 11,148 510,677 Amortization 35,960 - - 35,960 Impairment of goodwill and intangibles Change in fair value of derivative liability - - (211,110 ) (211,110 ) Loss (recovery) on write-off of notes receivable - - 101,351 101,351 Loss on write down of inventory 331,671 - - 331,671 Write down of deposit Net loss for the year $ 15,530,126 $ (140,366 ) $ 8,222,051 $ 23,611,810 December 31, 2022 Drones Vital Corporate Total Sales of goods $ 5,388,262 $ 162,170 $ - $ 5,550,432 Provision of services 2,054,627 - - 2,054,627 Total revenue $ 7,442,889 $ 162,170 $ - $ 7,605,059 Segment loss $ 9,929,789 $ 602,580 $ 12,926,884 $ 23,459,253 Finance and other costs (3,529 ) - (40,186 ) (44,345 ) Depreciation 586,185 - - 593,277 Amortization 179,482 - - 179,482 Impairment of goodwill and intangibles 2,166,563 4,288,351 - 6,454,914 Change in fair value of derivative liability - - (5,502,688 ) (5,502,688 ) Loss on write-off of notes receivable 1,080,645 - (771,260 ) 309,385 Loss on write down of inventory 251,754 1,724,760 - 1,976,514 Write down of deposit - 228,572 - 228,572 Net loss for the year $ 14,190,889 $ 6,844,263 $ 6,619,212 $ 27,654,364 December 31, 2021 Drones Vital Corporate Total Sales of goods 4,957,134 146,265 - 5,103,399 Provision of services 1,950,466 - - 1,950,466 Total revenue $ 6,907,600 $ 146,265 $ - $ 7,053,865 Segment loss $ 7,819,739 $ 257,656 $ 10,498,164 $ 18,575,560 Finance and other costs 16,272 - (21,346 ) (5,074 ) Depreciation 175,098 - - 175,098 Amortization 135,966 - - 135,966 Impairment of goodwill and intangibles - 4,579,763 - 4,579,763 Change in fair value of derivative liability - - (8,149,812 ) (8,149,812 ) Loss on write-off of notes receivable - - 891,471 891,471 Net loss for the year $ 8,147,075 $ 4,837,419 $ 3,218,477 $ 16,202,972 SCHEDULE OF GEOGRAPHIC REVENUE 2023 2022 2021 Geographic segmentation is as follows: For the years ended December 31, 2023 2022 2021 Non-current assets Canada $ 1,441,701 $ 1,121,821 $ 3,441,872 United States 206,616 - 5,112,659 $ 1,648,317 $ 1,121,821 $ 8,554,531 Revenue Canada $ 6,162,672 $ 6,919,038 $ 4,982,373 United States 392,170 686,021 2,071,492 Revenue $ 6,554,842 $ 7,605,059 $ 7,053,865 Geographic revenue is measured by aggregating sales based on the country and the entity where the sale was made. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

OFFICE AND MISCELLANEOUS

OFFICE AND MISCELLANEOUS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OFFICE AND MISCELLANEOUS	19. OFFICE AND MISCELLANEOUS SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES 2023 2022 2021 For the years ended December 31, 2023 2022 2021 Advertising, Marketing, and Investor Relations $ 4,243,432 $ 4,431,818 $ 5,165,791 Compliance fees 193,250 152,826 432,874 Impairment of accounts receivable 216,238 - - Contract Work 772,003 441,798 300,975 Other 878,956 371,519 556,358 Office and Miscellaneous Expenses $ 6,303,879 $ 5,397,961 $ 6,455,998

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
RELATED PARTY TRANSACTIONS	20. RELATED PARTY TRANSACTIONS On August 1, 2019, the Company entered in a business services agreement (the “Agreement”) with Business Instincts Group (“BIG”), a company that Cameron Chell, CEO and director has a material interest in that he previously controlled, to provide: corporate development and governance, strategic facilitation and management, general business services, office space, corporate business development video content, website redesign and management, and online visibility management at fees set out in the Agreement. For the year ended December 31, 2023, the Company incurred fees of $ 429,766 (December 31, 2022 - $ 442,485 ) which are included in professional fees. As at December 31, 2023, the Company was indebted to this company in the amount of $ 3,780 (December 31, 2022 - $ 30,804 ). On October 1, 2019, the Company entered into an independent consultant agreement (“Consultant Agreement”) with 1502372 Alberta Ltd, a company controlled by Cameron Chell, CEO and director, to provide executive consulting services to the Company and all fees are set in the Consultant Agreement. For the year ended December 31, 2023, the Company incurred fees of $ 592,500 566,487 35,417 nil On July 3, 2020, the Company entered into an executive consultant agreement (“Executive Agreement”) with Scott Larson, a director of the Company, to provide executive consulting services, as President, to the Company. On May 9, 2022, Scott Larson ceased to be President of the Company and entered into an agreement to provide executive consulting services to the Company and all fees are set in the consulting agreement. For the year ended December 31, 2023, the Company incurred fees of $ 215,019 383,288 9,287 20,745 Trade receivables/payables and accrued receivables/payables: As at December 31, 2023, the Company had $ 190,664 (December 31, 2022 - $ 51,549 ) payable to related parties that was included in accounts payable. The balances outstanding are unsecured, non-interest bearing and due on demand. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 20. RELATED PARTY TRANSACTIONS (CONT’D) Key management compensation Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the year ended December 31, 2023 and 2022 included: SCHEDULE OF KEY COMPENSATION AWARDS For the years ended December 31, 2023 2022 2021 Director fees $ 600,933 $ 522,349 $ 370,094 Salaries 979,154 843,917 722,068 Share-based payments 1,109,232 2,106,906 2,475,949 Total $ 2,689,319 $ 3,473,172 $ 3,568,111 Other related party transactions SCHEDULE OF KEY MANAGEMENT TRANSACTIONS For the years ended December 31, 2023 2022 2021 Management fees paid to a company controlled by CEO and director $ 592,500 $ 566,487 $ 290,225 Management fees paid to a company that the CEO holds an economic interest in 429,766 442,485 315,643 Management fees paid to a company controlled by a director 215,019 383,288 205,691 Management fees paid to a company, total $ 1,237,285 $ 1,392,260 $ 811,559

FINANCIAL INSTRUMENTS AND FINAN

FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2023
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT	21. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit risk Credit risk is the risk of an unexpected loss if a customer or third party fails to meet its contractual obligations. The Company is subject to credit risk on its cash and receivables. The Company limits its exposure to credit loss on cash by placing its cash with a high-quality financial institution. The Company performs credit evaluations of its customers. Receivables Receivables primarily consist of trade receivables, accrued receivables and taxes receivable. The Company provides credit in the normal course of business in the form of payment terms and has an established process for determining terms to offer customers to mitigate credit risk. Receivables are shown net of any provision made for impairment of the receivables. Due to this factor, the Company believes that no additional credit risk, beyond amounts provided for collection loss, is inherent in receivables. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 21. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (CONT’D) Expected credit loss (“ECL”) analysis is performed at each reporting date using an objective approach to measure expected credit losses. The provision amounts are based on direct management interface with the customer. The calculations reflect the probability-weighted outcome, the time value of money and reasonable supportable information that is available at the reporting date abut past events, current conditions and forecasts of future economic conditions. Receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, business failure, the failure of a debtor to engage in a repayment plan, and a failure to make contractual payments over the negotiated contract period. The Company’s aging of receivables was as follows: SCHEDULE OF AGING OF RECEIVABLES December 31, 2023 December 31, 2022 0 – 30 days $ 271,622 $ 1,020,091 31 – 60 days 109,928 116,378 61 – 90 days 64,259 343,364 91 + days 203,803 609,132 Total receivables $ 649,612 $ 2,088,965 Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company has a planning and budgeting process in place to help determine the funds required to support the Company’s normal operating requirements on an ongoing basis. The Company ensures that there are sufficient funds to meet its short-term business requirements, taking into account its anticipated cash flows from operations and its holdings of cash and cash equivalents. Historically, the Company’s sole source of funding has been the issuance of equity securities for cash, primarily through private placements. The Company’s access to financing is always uncertain. There can be no assurance of continued access to significant equity funding. The following is an analysis of the contractual maturities of the Company’s financial liabilities at December 31, 2023: SCHEDULE OF CONTRACTUAL MATURITIES OF FINANCIAL LIABILITIES 1 year 1 – 5 years Total Trade payables and accrued liabilities $ 2,638,981 $ - $ 2,638,981 Customer deposits 104,715 - 104,715 Deferred income 12,112 95,562 107,674 Loans payable 85,058 - 85,058 Derivative liability 4,196,125 - 4,196,125 Lease liability 429,948 497,398 927,346 Financial liabilities $ 7,466,939 $ 592,960 $ 8,059,899 Foreign exchange risk Foreign currency risk is the risk that the fair values of future cash flows of a financial instrument will fluctuate because they are denominated in currencies that differ from the respective functional currency. The Company does not hedge its exposure to fluctuations in foreign exchange rates. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars 21. FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (CONT’D) The following table summarizes the sensitivity of the fair value of the Company’s risk to foreign exchange rates, with all other variables held constant. Fluctuations of 10 percent in the foreign exchange rate between US dollars and Canadian dollars could have resulted in a change impacting net loss upon consolidation as follows: SCHEDULE OF CHANGES IN FOREIGN EXCHANGE RATES December 31, 2023 December 31, 2022 Foreign exchange rate $ 530,758 $ 969,977 Fair value A number of the Company’s accounting policies and disclosures require the measurement of fair values for financial assets and liabilities. The Company has established a control framework with respect to the measurement of fair values. Fair values are categorized into different levels of a fair value hierarchy based on the inputs used in the valuation techniques as follows: Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly. Level 3: techniques which use inputs which have a significant effect on the recorded fair value that are not based on observable market data. Equity securities in investee companies and warrants are measured at fair value. The financial assets and liabilities measured at fair value by hierarchy are shown in the table below. The amounts shown are based on the amounts recognized in the consolidated statements of financial position. These financial assets are measured at fair value through profit and loss. SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS December 31, 2023 Level 1 Level 2 Level 3 Total Equity securities in investee companies $ 57,143 $ - $ 132,260 $ 189,403 Notes receivables Derivative liability - - 4,196,125 4,196,125 Total $ 57,413 $ - $ 4,328,385 $ 4,385,528 December 31, 2022 Level 1 Level 2 Level 3 Total Equity securities in investee companies $ 57,143 $ - $ 135,440 $ 192,583 Notes receivable - - 169,300 169,300 Derivative liability - - 57,314 57,314 Total $ 57,143 $ - $ 362,054 $ 419,197 The following table shows the valuation techniques used in measuring Level 3 fair values for the derivative liability as well as the significant unobservable inputs used. Type Valuation technique Key inputs Inter-relationship between significant inputs and fair value measurement Warrant derivative liability The fair value of the warrants derivative liability at initial recognition and at year end has been calculated using the Black Scholes Option Pricing Model Key observable inputs ● Share price ● Risk free interest rate ● Dividend yield Key unobservable inputs ● Expected volatility The estimated fair value would increase (decrease) if: ● The price was higher (lower) ● The risk-free rate was higher (lower) ● The dividend yield was lower (higher) ● The expected volatility was higher (lower) For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects: SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY Unobservable Inputs Change Impact on comprehensive loss Year ended December 31, 2023 Year ended December 31, 2022 Volatility 20 % $ 291,149 $ - Capital Management The Company manages its capital to maintain its ability to continue as a going concern and to provide returns to shareholders and benefits to other stakeholders. The capital structure of the Company consists of shareholders’ equity. The Company manages its capital structure and makes adjustments to it in light of economic conditions. The Company, upon approval from its board of directors, will balance its overall capital structure through new equity issuances or by undertaking other activities as deemed appropriate under the specific circumstances. The Company is not subject to externally imposed capital requirements and the Company’s overall strategy with respect to capital risk management remains unchanged from the year ended December 31, 2022. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollars

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
INCOME TAXES	22. INCOME TAXES The following table reconciles the expected income taxes at the Canadian statutory income tax rates to the amounts recognized in the statements of comprehensive loss for the years ended December 31, 2023 and 2022: SCHEDULE OF INCOME TAX December 31, 2023 December 31, 2022 December 31, 2021 Loss before income taxes $ 23,611,810 $ 27,654,364 $ 16,202,972 Canadian statutory rates 27 % 27 % 27 % Expected income tax recovery 6,330,400 7,338,900 4,196,600 Impact of different foreign statutory tax rates - - 34,900 Non-deductible items (509,800 ) (1,214,400 ) 116,400 Share issue costs 773,400 1,400 887,600 Adjustments to prior years provision versus statutory tax returns (87,600 ) (742,400 ) 376,500 Differences between prior year provision and final tax return (153,400 ) 867,500 (206,000 ) Change in deferred tax asset not recognized (6,353,000 ) (6,251,000 ) (5,406,000 ) Income tax $ - $ - $ - The Company’s unrecognized deductible temporary differences and unused tax losses for which no deferred tax asset is recognized consist of the following amounts: SCHEDULE OF DEFERRED TAXES December 31, 2023 December 31, 2022 December 31, 2021 Deferred income tax assets (liabilities): Share issuance costs $ 995,000 $ 568,000 $ 728,000 Non-capital losses 20,377,000 14,602,000 7,043,000 Property and equipment 1,115,000 962,000 449,000 Capital gain reserve - - 74,000 Scientific Research and Experimental Development 365,000 367,000 291,000 Total deferred income tax assets $ 22,852,000 $ 16,499,000 8,585,000 Deferred income tax not recognized (22,852,000 ) (16,499,000 ) (8,585,000 ) Net deferred tax assets $ - $ - $ - The Company has non-capital loss carry forward of approximately $ 67,701,122 8,241,878 6,231,434

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SUBSEQUENT EVENTS	23. SUBSEQUENT EVENTS Warrant exercise On February 6, 2024 1,600,000 160 216 578,200 773,624 Share issuance On February 26, 2024, the Company announced that it completed an underwritten share placement of 11,200,000 each unit consisting of one common share and one warrant to purchase one common share and 2,200,000 0.27 3.6 4.8 3.3 4.4 329,000 442,000 0.0001 0.36 5 years 670,000 0.3375 3 years

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (Policies)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
Statement of Compliance	Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations issued by the International Reporting Interpretation Committee (“IFRIC”). The material accounting policy information set out below was consistently applied to all years presented unless otherwise noted. These consolidated financial statements were authorized for issue by the Board of Directors on March 27, 2024.
Basis of consolidation	Basis of consolidation Each subsidiary is fully consolidated from the date of acquisition, being the date on which the Company obtains control, and continues to be consolidated until the date when such control ceases. The consolidated financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES Name of Subsidiary Place of Incorporation Ownership Interest Draganfly Innovations Inc. (DII) Canada 100 % Draganfly Innovations USA, Inc. (DI USA) US 100 % Dronelogics Systems Inc. (“Dronelogics”) Canada 100 % All intercompany balances and transactions were eliminated on consolidation. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D
Foreign currency translation	Foreign currency translation Transactions in foreign currencies are translated into the functional currency at rates of exchange at the time of such transactions. Monetary assets and liabilities are translated at the reporting period rate of exchange. Non-monetary assets and liabilities are translated at historical exchange rates. Gains and losses resulting from foreign exchange adjustments are included in profit or loss. The functional currencies of the parent company and each subsidiary are as follows: Draganfly Inc. Canadian Dollar Draganfly Innovations Inc. Canadian Dollar Draganfly Innovations USA, Inc. US Dollar Dronelogics Systems Inc. Canadian Dollar Financial statements of subsidiaries for which the functional currency is not the Canadian dollar are translated into Canadian dollars as follows: all asset and liability accounts are translated at the year-end exchange rate and all revenue and expense accounts and cash flow statement items are translated at average exchange rates for the year. The resulting translation gains and losses are recorded as exchange differences on translation of foreign operations in other comprehensive loss.
Share-based payments	Share-based payments The Company may grant stock options or restricted share units (“RSU’s”) to its directors, officers, employees and consultants. The Company records share-based compensation related to stock options using the Black-Scholes Option Pricing Model. The RSU’s granted entitle an employee, director or officer to either the issuance of common shares or cash payments payable upon vesting with terms determined by the Company’s Board of Directors at the time of the grant. If on the grant date it is determined there is an obligation to settle in cash, the RSU’s are accounted for as liabilities, with the fair value remeasured at the end of each reporting period and on the settlement date. Changes in fair value are recognized in profit and loss. Expense is recognized over the vesting period. The Company has a present obligation to settle in cash if the choice of settlement in shares has no commercial substance, or the Company has a past practice or a stated policy of setting in cash, or generally settles in cash whenever the counterparty asks for cash settlement. If no such obligation exists, RSUs are accounted for as equity settled share-based payments and are valued using the share price on grant date. Upon settlement: a) If the Company elects to settle in cash, the cash payment is accounted for as the repurchase of an equity interest (i.e. as a deduction from equity), except as noted in (c) below. b) If the Company elects to settle by issuing shares, the value of RSUs initially recognized in reserves is reclassified to share capital, except as noted in (c) below. c) If the Company elects the settlement alternative with the higher fair value, as at the date of settlement, the Company recognizes an additional expense for the excess value given (i.e. the difference between the cash paid and the fair value of shares that would otherwise have been issued, or the difference between the fair value of the shares and the amount of cash that would otherwise have been paid, whichever is applicable). Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) The aggregate sales price or amount of common shares issued during any consecutive 12-month period will not exceed the greatest of the following: (i) USD $1,000,000; (ii) 15% of the total assets of the Company, measured at the Company’s most recent balance sheet date; or (iii) 15% of the outstanding amount of the common shares of the Company, measured at the Company’s most recent balance sheet date In conjunction with private placements or brokered financings, the Company may issue compensatory warrants to agents as consideration for services provided. Awards of grants are accounted for in accordance with the fair value method of accounting and result in an increase in share issue costs and a credit to warrants within shareholders’ equity when warrants are issued.
Loss per share	Loss per share Basic loss per share is calculated by dividing the loss attributable to common shareholders by the weighted average number of common shares outstanding in the year. Diluted income per share is calculated by dividing the profit attributable to common shareholders of the parent by the weighted average number of common shares outstanding during the year plus the weighted average number of common shares that would be issued on the conversion of all the dilutive potential common shares into common shares. The Company had 8,574,798 897,158 1,112,967
Financial Instruments	Financial Instruments Financial instruments are accounted for in accordance with IFRS 9 Financial Instruments: Classification and Measurement. A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial assets/liabilities Classification Cash and cash equivalents Fair value through profit or loss Receivables Amortized cost Notes receivable Fair value through profit or loss Investments Fair value through other comprehensive income Trade payables Amortized cost Customer deposits Amortized cost Loans payable Amortized cost Derivative liability Fair value through profit or loss a) Financial assets Classification and measurement The Company classifies its financial assets in the following categories: at fair value through profit or loss (“FVTPL”), at fair value through other comprehensive income (“FVTOCI”) or at amortized cost. The classification depends on the purpose for which the financial assets were acquired. Management determines the classification of its financial assets at initial recognition. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) The classification of debt instruments is driven by the business model for managing the financial assets and their contractual cash flow characteristics. Debt instruments are measured at amortized cost if the business model is to hold the instrument for collection of contractual cash flows and those cash flows are solely principal and interest. If the cash flows are not solely principal and interest, it is classified as FVTPL. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payments of principal and interest. Equity instruments that are held for trading (including all equity derivative instruments) are classified as FVTPL, for other equity instruments, on the day of acquisition the Company can make an irrevocable election (on an instrument by-instrument basis) to designate them as at FVTOCI. Financial assets at FVTPL Financial assets carried at FVTPL are initially recorded at fair value and transaction costs are recorded to profit or loss. Realized and unrealized gains and losses arising from changes in the fair value of financial assets held at FVTPL are included in the profit or loss in the period in which they arise. Derivatives are also categorized as FVTPL unless they are designated as hedges. Financial assets at FVTOCI Financial assets carried at FVTOCI are initially recognized at fair value plus transaction costs. Subsequently they are measured at fair value, with gains and losses arising from changes in fair value recognized in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Financial assets at amortized cost Financial assets at amortized cost are initially recognized at fair value and subsequently carried at amortized cost less any impairment. They are classified as current assets or non-current assets based on their maturity date. Impairment of financial assets at amortized cost The Company recognizes a loss allowance for expected credit losses on financial assets that are measured at amortized cost. At each reporting date, the loss allowance for the financial asset is measured at an amount equal to the lifetime expected credit losses if the credit risk on the financial asset has increased significantly since initial recognition. If at the reporting date, the financial asset has not increased significantly since initial recognition, the loss allowance is measured for the financial asset at an amount equal to twelve month expected credit losses. For trade receivables the Company applies the simplified approach to providing for expected credit losses, which allows the use of a lifetime expected loss provision. Impairment losses on financial assets carried at amortized cost are reversed in subsequent periods if the amount of the loss decreases and the decrease can be objectively related to an event occurring after the impairment was recognized. Derecognition of financial assets Financial assets are derecognized when the risks and rewards of ownership have been transferred. Gains and losses on derecognition of financial assets classified as FVTPL or amortized cost are recorded to profit or loss. Gains or losses on financial assets classified as FVTOCI remain within accumulated other comprehensive loss. b) Financial liabilities The Company classifies its financial liabilities into one of two categories as follows: FVTPL - This category comprises derivatives and financial liabilities incurred principally for the purpose of selling or repurchasing in the near term. They are carried at fair value with changes in fair value recognized in profit or loss. Other financial liabilities - This category consists of liabilities carried at amortized cost using the effective interest method. Trade payables, customer deposits and loans payable are included in this category. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Derecognition of financial liabilities Financial liabilities are derecognized when its contractual obligations are discharged, cancelled, or expire. The Company also derecognizes a financial liability when the terms of the liability are modified such that the terms and/or cash flows of the modified instrument are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. Gains and losses on derecognition are recognized in profit or loss.
Impairment of non-financial assets	Impairment of non-financial assets The carrying amounts of the non-financial assets are reviewed at each reporting date to determine whether there is any indication of impairment. If indicators exist, then the asset’s recoverable amount is estimated. The recoverable amounts of the following types of intangible assets are measured annually, whether or not there is any indication that it may be impaired: ● an intangible asset with an indefinite useful life; and ● an intangible asset not yet available for use; The recoverable amount of an asset or cash-generating unit (“CGU”) is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If there is an indication that a corporate asset may be impaired, then the recoverable amount is determined for the CGU to which the corporate asset belongs. An impairment loss is recognized if the carrying amount of an asset or its CGU exceeds its estimated recoverable amount. Impairment losses are recognized in profit or loss. Impairment losses recognized in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. In respect of assets other than goodwill and intangible assets that have indefinite useful lives, impairment losses recognized in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed in a subsequent period when there has been an increase in the recoverable amount of a previously impaired asset or CGU. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized.
Income taxes	Income taxes Current income tax Current income tax assets and liabilities for the current period are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date, in the countries where the Company operates and generates taxable income. Current income taxes relating to items recognized directly in other comprehensive income or equity is recognized in other comprehensive income or equity and not in profit or loss. Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Deferred income tax Deferred income tax is recognized, using the asset and liability method, on temporary differences at the reporting date arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting. The carrying amount of deferred income tax assets is reviewed at the end of each reporting period and recognized only to the extent that it is probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred income tax assets and deferred income tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current income tax liabilities and the deferred income taxes relate to the same taxable entity and the same taxation authority.
Inventory	Inventory Inventory consists of raw materials and finished goods for manufacturing of multi-rotor helicopters, industrial areal video systems, civilian small unmanned aerial systems or vehicles, health monitoring equipment, and wireless video systems. Inventory is initially valued at cost and subsequently at the lower of cost and net realizable value. Cost is determined using the first-in-first-out method. The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of purchase include the purchase price, import duties and non-recoverable taxes and transport, handling and other costs directly attributable to the acquisition of finished goods, materials or services. The costs of conversion include direct materials and labour costs and a systematic allocation of fixed and variable overheads incurred in converting materials into finished goods. The Company reviews inventory for obsolete and slow-moving goods and any such inventory is written-down to net realizable value.
Revenue recognition	Revenue recognition Revenue comprises the fair value of consideration received or receivable for the sale of goods and consulting services in the ordinary course of the Company’s business. Revenue is shown net of return allowances and discounts. Sales of goods The Company manufactures and sells a range of multi-rotor helicopters, industrial aerial video systems, and civilian small unmanned aerial systems or vehicles. Sales are recognized at a point-in-time when control of the products has transferred. The control transfer for Dronelogics Systems Inc. (“Dronelogics”) and Draganfly Innovations USA, Inc. is when the products are shipped to the customer and there is no unfulfilled obligation that could affect the customer’s acceptance of the products. At this point revenue is recognized. For Draganfly Innovations Inc. transfer occurs for sales outside of North America when shipped and for sales within North America on delivery which occurs in proximity to shipping. Revenue is recognized when the transfer of control has occurred. Revenue from these sales is recognized based on the price specified in the contract, net of the estimated discounts and returns. Accumulated experience is used to estimate and provide for the discounts and returns, using the expected value method, and revenue is only recognized to the extent that it is highly probable that a significant reversal will not occur. To date, returns have not been significant. No element of financing is deemed present as the sales are made with a credit term of 30 days, which is consistent with market practice. Some contracts include multiple performance obligations, such as the sale of hardware and support or maintenance. Where support or maintenance is performed by another party and does not include an integration service it is accounted for as a separate performance obligation. In this case, the transaction price will be allocated to each performance obligation based on stand-alone selling price. Where the stand-alone selling price is not directly observable, the price is estimated based on expect cost plus margin. Where the support or maintenance is provided by the Company, the contract is analyzed to identify the performance obligations and transaction price. The price is then allocated across the obligations identified in the contract. Revenue is recognized when the Company satisfies a performance obligation. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D) Services The Company provides consulting, custom engineering, drones as a service, and investigating and solving on a project-by-project basis under fixed-price and variable price contracts. Revenue from providing services is recognized over time as the services are rendered. The Company provides rental of equipment which is measured based on rates through contracts or other written agreements with customers. Revenue is recognized in the period when services are performed and only when there is reasonable assurance that the revenue will be collected.
Deferred Income	Deferred Income A payment received is included as deferred revenue when products have yet be shipped to the customers as of the period end or there are unfulfilled obligations related to the revenue received. The amount to be recognized within twelve months following the year-end date is classified as current.
Cost of Goods Sold	Cost of Goods Sold Cost of sales includes the expenses incurred to acquire and produce inventory for sale, including product costs, freight costs, as well as provisions for reserves related to product shrinkage, or lower of cost and net realizable value adjustments as required.
Intangible Assets and Goodwill	Intangible Assets and Goodwill An intangible asset is an identifiable asset without physical substance. An asset is identifiable if it is separable, or arises from contractual or legal rights, regardless of whether those rights are transferrable or separable from the Company or from other rights and obligations. Intangible assets include intellectual property, which consists of patent and trademark applications, brands and software. Intangible assets acquired externally are measured at cost less accumulated amortization and impairment losses. The cost of a group of intangible assets acquired is allocated to the individual intangible assets based on their relative fair values. The cost of intangible assets acquired externally comprises its purchase price and any directly attributable cost of preparing the asset for its intended use. Research and development costs incurred subsequent to the acquisition of externally acquired intangible assets and on internally generated intangible assets are accounted for as research and development costs. Intangible assets with finite useful lives are amortized on a straight-line basis over the expected life of each intellectual property to write off the cost of the assets from the date they are available for use. SCHEDULE OF INTANGIBLE ASSETS WITH FINITE USEFUL LIVES Class of intangible asset Useful live Customer relationship 5 Brand 5 Software 5 Patents 5 Goodwill represents the excess of the value of the consideration transferred over the fair value of the net identifiable assets and liabilities acquired in a business combination. Goodwill is allocated to the cash generating unit to which it relates. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D)
Equipment	Equipment Equipment is stated at historical cost less accumulated depreciation and accumulated impairment losses. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. The carrying amount of the replaced part is derecognized. All other repairs and maintenance are charged to the consolidated statement of comprehensive loss during the financial period in which they are incurred. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognized in the consolidated statement of comprehensive loss. Depreciation is generally calculated on a declining balance method to write off the cost of the assets to their residual values over their estimated useful lives. Depreciation for leasehold improvements is fully expensed over the expected term of the lease. The depreciation rates applicable to each category of equipment are as follows: SCHEDULE OF CLASS OF EQUIPMENT Class of equipment Depreciation rate Computer equipment 30% Furniture and equipment 20% Leasehold improvements Expected lease term Vehicles 30%
Research and development expenditures	Research and development expenditures Expenditures on research are expensed as incurred. Research activities include formulation, design, evaluation and final selection of possible alternatives, products, processes, systems or services. Development expenditures are expensed as incurred unless the Company can demonstrate all of the following: (i) the technical feasibility of completing the intangible asset so that it will be available for use or sale; (ii) its intention to complete the intangible asset and use or sell it; (iii) its ability to use or sell the intangible asset; (iv) how the intangible asset will generate probable future economic benefits. The Company can also demonstrate the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset; (v) the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and (vi) its ability to measure reliably the expenditure attributable to the intangible asset during its development. Draganfly Inc. Notes to the Consolidated Financial Statements For the Year Ended December 31, 2023 Expressed in Canadian Dollar 2. MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (CONT’D)
Government Assistance	Government Assistance Government grants are recognized when there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the period that the related costs, for which it is intended to compensate, are expensed. When the grant relates to an asset, the cost of the asset is reduced by the amount of the grant and the grant is recognized as income in equal amounts over the expected useful life of the asset.
Leases	Leases A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. At the commencement date, the lease liability is recognized at the present value of the future lease payments and discounted using the interest rate implicit in the lease or the Company’s incremental borrowing rate. A corresponding right-of-use (“ROU”) asset is recognized at the amount of the lease liability, adjusted for any lease incentives received and initial direct costs incurred. Over the term of the lease, financing expense is recognized on the lease liability using the effective interest rate method and charged to net income, lease payments are applied against the lease liability and depreciation on the ROU asset is recorded by class of underlying asset. The lease term is the non-cancellable period of a lease plus periods covered by an optional lease extension option if it is reasonably certain that the Company will exercise the option to extend. Conversely, periods covered by an option to terminate are included if the Company does not expect to end the lease during that time frame. Leases with a term of less than twelve months or leases for underlying low value assets are recognized as an expense in net income on a straight-line basis over the lease term. A lease modification is accounted for as a separate lease if it materially changes the scope of the lease. For a modification that is not a separate lease, on the effective date of the lease modification, the Company will remeasure the lease liability and corresponding ROU asset using the interest rate implicit in the lease or the Company’s incremental borrowing rate. Any variance between the remeasured ROU asset and lease liability will be recognized as a gain or loss in net income to reflect the change in scope.
New accounting standards issued not yet effective	New accounting standards issued not yet effective   Accounting standards or amendments to existing accounting standards that have been issued but have future effective dates are either not applicable or are not expected to have a significant impact on the Company’s consolidated financial statements.

MATERIAL ACCOUNTING POLICY IN_3

MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF WHOLLY OWNED SUBSIDIARIES	The consolidated financial statements include the accounts and results of operations of the Company and its wholly owned subsidiaries listed in the following table: SCHEDULE OF WHOLLY OWNED SUBSIDIARIES Name of Subsidiary Place of Incorporation Ownership Interest Draganfly Innovations Inc. (DII) Canada 100 % Draganfly Innovations USA, Inc. (DI USA) US 100 % Dronelogics Systems Inc. (“Dronelogics”) Canada 100 %
SCHEDULE OF INTANGIBLE ASSETS WITH FINITE USEFUL LIVES	SCHEDULE OF INTANGIBLE ASSETS WITH FINITE USEFUL LIVES Class of intangible asset Useful live Customer relationship 5 Brand 5 Software 5 Patents 5
SCHEDULE OF CLASS OF EQUIPMENT	SCHEDULE OF CLASS OF EQUIPMENT Class of equipment Depreciation rate Computer equipment 30% Furniture and equipment 20% Leasehold improvements Expected lease term Vehicles 30%

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Cash And Cash Equivalents
SCHEDULE OF CASH AND CASH EQUIVALENTS	SCHEDULE OF CASH AND CASH EQUIVALENTS December 31, 2023 December 31, 2022 Cash held in banks $ 3,093,612 $ 7,500,607 Guaranteed investment certificates - 394,174 Cash and cash equivalents $ 3,093,612 $ 7,894,781

RECEIVABLES (Tables)

RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule Of Amounts Receivable
SCHEDULE OF AMOUNTS RECEIVABLE	SCHEDULE OF AMOUNTS RECEIVABLE December 31, 2023 December 31, 2022 Trade accounts receivable $ 610,443 $ 1,343,795 Taxes receivable 39,169 745,170 Trade and other receivables $ 649,612 $ 2,088,965

INVENTORY (Tables)

INVENTORY (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule Of Inventories
SCHEDULE OF INVENTORIES	SCHEDULE OF INVENTORIES December 31, 2023 December 31, 2022 Finished goods $ 904,858 $ 542,934 Parts 691,678 513,008 Inventories $ 1,596,536 $ 1,055,942
SCHEDULE OF COST OF SALES	Cost of sales consist of the following: SCHEDULE OF COST OF SALES December 31, 2023 December 31, 2022 December 31, 2021 Inventory $ 3,738,980 $ 6,048,348 $ 3,420,713 Consulting and services 549,448 730,170 679,345 Other 202,300 35,866 310,719 Cost of sales $ 4,490,728 $ 6,814,384 $ 4,410,777

NOTES RECEIVABLE (Tables)

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Receivable
DISCLOSURE OF NOTES RECEIVABLE	DISCLOSURE OF NOTES RECEIVABLE Maturity Date Rate Principal Interest Accretion (Impairment)/Recovery Repayments Balance December 31, 2023 Note 1 (1) 2023-12-15 0 % $ 190,396 $ - $ - $ (101,351 ) $ (63,838 ) $ - Note 2 (1) 2024-09-22 5 % 1,003,682 - - - - - Total $ 1,194,078 $ - $ - $ (101,351 ) $ (63,838 ) $ - Maturity Date Rate Principal Interest Accretion (Impairment)/Recovery Repayments Balance December 31, 2022 Note 1 (1) 2023-03-31 0 % $ 190,396 $ - $ 12,764 $ - $ (33,860 ) $ 169,300 Note 2 (1) 2024-09-22 5 % 1,003,682 48,992 27,971 (1,080,645 ) - - Note 3 2022-04-26 8 % - 37,177 - 771,260 (808,437 ) - Total $ 1,194,078 $ 86,169 $ 40,735 $ (309,385 ) $ (842,297 ) $ 169,300 (1) These notes are denominated in US dollars and are converted to Canadian dollars at the reporting date.

PREPAIDS (Tables)

PREPAIDS (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule Of Prepaid Expenses And Deposits
SCHEDULE OF PREPAID EXPENSES AND DEPOSITS	SCHEDULE OF PREPAID EXPENSES AND DEPOSITS December 31, 2023 December 31, 2022 Insurance $ 838,445 $ 1,148,455 Prepaid interest 810 1,889 Prepaid marketing services 71,539 733,417 Prepaid rent 21,768 12,485 Prepaid subscriptions 48,007 29,194 Deposits (1) 361,646 382,284 Prepaid expenses and deposits $ 1,342,215 $ 2,307,724 (1) A deposit in the amount of $ 228,572

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule Of Investments
SCHEDULE OF INVESTMENTS	SCHEDULE OF INVESTMENTS Balance at December 30, 2021 291,066 Change in fair value (98,483 ) Balance at December 31, 2022 192,583 Change in fair value (3,180 ) Balance at December 31, 2023 $ 189,403
SCHEDULE OF FAIR VALUE OF INVESTMENT	Fair value of investments is comprised of: SCHEDULE OF FAIR VALUE OF INVESTMENT Public company shares $ 57,143 Private company shares 132,260 Balance at December 31, 2023 $ 189,403 Public company shares $ 57,143 Private company shares 135,440 Balance at December 31, 2022 $ 192,583
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR FAIR VALUES WARRANTS	SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR FAIR VALUES WARRANTS December 31, 2022 Risk free interest rate 4.07 % Expected volatility 116.00 % Expected life 0.21 Expected dividend yield 0 %

EQUIPMENT (Tables)

EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Disclosure Equipment Abstract
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Computer Equipment Furniture and Equipment Leasehold Improvements Software Vehicles Total Computer Equipment Furniture and Equipment Leasehold Improvements Software Vehicles Total Cost Balance at December 31, 2021 $ 54,110 $ 342,472 $ 4,352 $ 29,967 $ 36,033 $ 466,934 Additions 60,240 528,080 - - - 588,320 Disposals (18,688 ) (36,099 ) (4,352 ) (29,967 ) - (89,106 ) Balance at December 31, 2022 $ 95,662 $ 834,453 $ - $ - $ 36,033 $ 966,148 Property, plant and equipment, beginning balance $ 95,662 $ 834,453 $ - $ - $ 36,033 $ 966,148 Additions 58,611 320,941 86,530 - 24,310 490,394 Disposals (21,000 ) (115,204 ) - - - (136,204 ) Balance at December 31, 2023 $ 133,273 $ 1,040,192 $ 86,530 $ - $ 60,343 $ 1,320,338 Property, plant and equipment, ending balance $ 133,273 $ 1,040,192 $ 86,530 $ - $ 60,343 $ 1,320,338 Accumulated depreciation Balance at December 31, 2021 $ 25,291 $ 102,277 $ 4,352 $ 24,737 $ 13,234 $ 169,891 Charge for the year 32,627 433,855 - - 3,435 469,917 Disposals (15,920 ) (33,342 ) (4,352 ) (24,737 ) - (78,351 ) Balance at December 31, 2022 $ 41,998 $ 502,790 $ - $ - $ 16,669 $ 561,457 Accumulated depreciation Property, plant and equipment, beginning balance $ 41,998 $ 502,790 $ - $ - $ 16,669 $ 561,457 Charge for the year 22,762 112,361 6,790 - 12,497 154,410 Disposals (6,582 ) (69,748 ) - - - (76,330 ) Balance at December 31, 2023 $ 58,178 $ 545,403 $ 6,790 $ - $ 29,166 $ 639,537 Accumulated depreciation Property, plant and equipment, ending balance $ 58,178 $ 545,403 $ 6,790 $ - $ 29,166 $ 639,537 Net book value: December 31, 2022 $ 53,664 $ 331,663 $ - $ - $ 19,364 $ 404,691 December 31, 2023 $ 75,095 $ 494,789 $ 79,740 $ - $ 31,177 $ 680,801 Property, plant and equipment $ 75,095 $ 494,789 $ 79,740 $ - $ 31,177 $ 680,801

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2023
Intangible Assets And Goodwill
SCHEDULE OF INTELLECTUAL PROPERTY	SCHEDULE OF INTELLECTUAL PROPERTY Patents Customer Relationships Brand Software Goodwill Total Cost Balance at December 31, 2021 $ 41,931 $ 197,000 $ 23,000 $ 552,000 $ 5,940,409 $ 6,754,340 Cost, beginning balance $ 41,931 $ 197,000 $ 23,000 $ 552,000 $ 5,940,409 $ 6,754,340 Additions - - - 4,684 - 4,684 Foreign exchange translation - - 1,571 29,576 257,782 288,929 Impairment - - (24,571 ) (462,577 ) (6,198,191 ) (6,685,339 ) Balance at December 31, 2022 $ 41,931 $ 197,000 $ - $ 123,683 $ - $ 362,614 Impairment - (87,415 ) - - - (87,415 ) Balance at December 31, 2023 $ 41,931 $ 109,585 $ - $ 123,683 $ - $ 275,199 Cost, ending balance $ 41,931 $ 109,585 $ - $ 123,683 $ - $ 275,199 Accumulated amortization Balance at December 31, 2021 $ 41,931 $ 60,414 $ 3,450 $ 114,235 $ - $ 220,030 Charge for the year - 27,317 4,719 147,446 - 179,482 Foreign exchange translation - - 431 13,295 - 13,726 Impairment - - (8,600 ) (221,825 ) - (230,425 ) Balance at December 31, 2022 41,931 87,731 - 53,151 - 182,813 Charge for the year - 21,854 - 14,106 - 35,960 Balance at December 31, 2023 $ 41,931 $ 109,585 $ - $ 67,257 $ - $ 218,773 Net book value: December 31, 2022 $ - $ 109,269 $ - $ 70,532 $ - $ 179,801 December 31, 2023 $ - $ - $ - $ 56,426 $ - $ 56,426 Net book value $ - $ - $ - $ 56,426 $ - $ 56426

RIGHT OF USE ASSETS (Tables)

RIGHT OF USE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Right Of Use Assets
SCHEDULE OF RIGHT OF USE ASSETS	SCHEDULE OF RIGHT OF USE ASSETS Total Cost Balance at December 31, 2021 and 2022 $ 683,117 Additions 740,355 Lease adjustment - Balance at December 31, 2023 $ 1,423,472 Accumulated depreciation Balance at December 31, 2021 $ 215,011 Charge for the year 123,360 Balance at December 31, 2022 $ 338,371 Charge for the year 363,086 Foreign exchange 328 Balance at December 31, 2023 $ 701,785 Net book value: December 31, 2022 $ 344,746 December 31, 2023 $ 721,687
SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES	The consolidated statement of financial position shows the following amounts related to leases: SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES December 31, 2023 December 31, 2022 Buildings $ 721,687 $ 342,361 Vehicles - 2,385 Right of use assets $ 721,687 $ 344,746

LEASE LIABILITES (Tables)

LEASE LIABILITES (Tables)	12 Months Ended
	Dec. 31, 2023
Lease Liabilites
SCHEDULE OF OPERATING LEASE LIABILITIES	SCHEDULE OF OPERATING LEASE LIABILITIES Total Balance at December 31, 2021 $ 489,123 Interest expense 39,795 Lease payments (150,275 ) Balance at December 31, 2022 378,643 Interest expense 96,423 Additions 734,903 Lease payments (423,410 ) Foreign exchange 3,464 Balance at December 31, 2023 $ 790,023 Which consists of: December 31, 2023 December 31, 2022 Current lease liability $ 362,001 $ 133,962 Non-current lease liability 428,022 244,681 Ending balance $ 790,023 $ 378,643
SCHEDULE OF OPERATING MATURITY ANALYSIS	SCHEDULE OF OPERATING MATURITY ANALYSIS Maturity analysis December 31, 2023 December 31, 2022 Less than one year $ 429,948 $ 147,340 One to three years 355,879 209,078 Four to five years 141,519 83,850 Total undiscounted lease liabilities 927,346 440,268 Amount representing interest (137,323 ) (61,625 ) Lease liability $ 790,023 $ 378,643

TRADE PAYABLES AND ACCRUED LI_2

TRADE PAYABLES AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2023
Trade Payables And Accrued Liabilities
SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES	SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES December 31, 2023 December 31, 2022 Trade accounts payable $ 1,259,623 $ 751,422 Accrued liabilities 1,345,649 2,031,545 Government grant payable 33,709 33,709 Trade payables and accrued liabilities $ 2,638,981 $ 2,816,676

DEFERRED INCOME (Tables)

DEFERRED INCOME (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF DEFERRED INCOME	SCHEDULE OF DEFERRED INCOME December 31, 2023 December 31, 2022 Deferred, revenue beginning $ 63,690 $ 5,233 Revenue recognized (64,816 ) (4,939 ) Unearned revenues received 108,800 63,396 Deferred income gross $ 107,674 $ 63,690 Current portion $ 12,112 $ 63,690 Long term portion 95,562 - Deferred Income net $ 107,674 $ 63,690

LOANS PAYABLE (Tables)

LOANS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF LOANS PAYABLE	SCHEDULE OF LOANS PAYABLE December 31, 2023 December 31, 2022 Opening balance $ 86,571 $ 93,317 Issuance of loans payable - - Fair value adjustment - (4,891 ) Repayment of loans payable (6,747 ) (6,746 ) Accretion expense 5,234 4,891 Ending balance $ 85,058 $ 86,571
SCHEDULE OF LOANS	SCHEDULE OF LOANS Start Date Maturity Date Rate Carrying Value December 31, 2023 Carrying Value December 31, 2022 CEBA 2020-05-19 2024-03-28 0 % $ 40,000 $ 37,383 CEBA 2021-04-23 2024-03-28 0 % 40,000 37,383 Vehicle loan 2019-08-30 2024-09-11 6.99 % 5,058 11,805 Total $ 85,058 $ 86,571

SHARE CAPITAL (Tables)

SHARE CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2023
SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE	As at December 31, 2023, the Company had the following options outstanding and exercisable: SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE Grant Date Expiry Date Exercise Price Remaining Contractual Life (years) Number of Options Outstanding Number of Options Exercisable October 30, 2019 October 30, 2029 $ 2.50 5.84 278,332 278,332 November 19, 2019 November 19, 2029 $ 2.50 5.89 50,000 50,000 April 30, 2020 April 30, 2030 $ 2.50 6.33 85,000 85,000 April 30, 2020 April 30, 2030 $ 3.85 6.33 110,000 110,000 July 3, 2020 July 3, 2025 $ 3.20 1.51 100,000 100,000 November 24, 2020 November 24, 2030 $ 2.50 6.90 32,000 32,000 February 2, 2021 February 2, 2031 $ 13.20 7.10 30,000 30,000 March 8, 2021 March 8, 2026 $ 13.90 2.19 10,000 10,000 April 27, 2021 April 27, 2031 $ 10.15 7.33 146,000 97,326 September 9, 2021 September 9, 2026 $ 4.84 2.69 25,826 17,217 November 9, 2023 November 9, 2033 $ 0.626 9.87 30,000 10,000 897,158 819,875
SCHEDULE OF STOCK OPTIONS OUTSTANDING	SCHEDULE OF STOCK OPTIONS OUTSTANDING Number of Options Weighted Average Exercise Price Outstanding, December 31, 2021 1,035,991 $ 4.60 Exercised (12,500 ) 2.15 Forfeited (146,334 ) 4.77 Outstanding, December 31, 2022 877,157 $ 4.60 Forfeited (9,999 ) 3.77 Issued 30,000 0.63 Outstanding, December 31, 2023 897,158 $ 4.48
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS	SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS Year ended December 31, December 31, 2023 December 31, 2022 Risk free interest rate 4.58 % - Expected volatility 115.1 % - Expected life 10 - Expected dividend yield 0 % - Exercise price $ 0.63 $ -
SUMMARY OF CHANGES IN RESTRICTED STOCK UNITS	As at December 31, 2023, the Company had the following RSUs outstanding: SUMMARY OF CHANGES IN RESTRICTED STOCK UNITS Number of RSU’s Outstanding, December 31, 2021 514,832 Vested (1,072,595 ) Issued 1,820,972 Forfeited (64,334 ) Outstanding, December 31, 2022 1,198,875 Vested (1,508,255 ) Issued 1,685,316 Forfeited (262,969 ) Outstanding, December 31, 2023 1,112,967
SCHEDULE OF WARRANT DERIVATIVE LIABILITY	Warrant Derivative Liability SCHEDULE OF WARRANT DERIVATIVE LIABILITY Balance at December 31, 2021 $ 4,865,772 Change in fair value of warrants outstanding (4,865,772 ) Balance at December 31, 2022 $ - Warrants issued 3,985,015 Change in fair value of warrants outstanding 211,110 Balance at December 31, 2023 $ 4,196,125 Derivative liability balance at December 31, 2023 December 31, 2022 Warrants $ 4,196,125 $ - Contingent consideration - 57,314 Ending balance $ 4,196,125 $ 57,314
SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING	Details of these warrants and their fair values are as follows: SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING Issue Date Exercise Price Number of Warrants Outstanding at December 31, 2023 Fair Value at December 31, 2023 Number of Warrants Outstanding at December 31, 2022 Fair Value at December 31, 2022 February 5, 2021 US$ 3.55 - $ - 1,319,675 $ - March 5, 2021 US$ 3.55 - - 5,142,324 - October 30, 2023 US$ 0.6123 6,400,000 3,180,543 - - October 30, 2023 US$ 0.0001 1,600,000 1,015,582 - - 8,000,000 $ 4,196,125 6,461,999 $ - 1) The warrants expired on February 5, 2023. 2) The warrants expired on March 5, 2023. 3) The warrants expire October 30, 2028. 4) The warrants have no expiry date.
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS	The fair values of these warrants were estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions: SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS December 31, 2023 December 31, 2022 Risk free interest rate 3.84 4.07 % Expected volatility 113.78 % 91.66% 93.48 % Expected life 4.8 0.10 0.18 Expected dividend yield 0 % 0 %
SUMMARY OF CHANGES IN WARRANTS	SUMMARY OF CHANGES IN WARRANTS Number of Warrants Weighted Average Exercise Price Outstanding, December 31, 2021 8,414,819 $ 4.99 Exercised (16,538 ) 4.51 Issued (481,484 ) 4.61 Outstanding, December 31, 2022 7,916,797 $ 5.08 Issued 8,320,000 0.50 Expired (7,661,999 ) 5.89 Outstanding December 31, 2023 8,574,798 $ 0.63
SCHEDULE OF WARRANTS OUTSTANDING	As at December 31, 2023, the Company had the following warrants outstanding: SCHEDULE OF WARRANTS OUTSTANDING Date issued Expiry date Exercise price Number of warrants outstanding July 29, 2021 July 29, 2024 US$ 5.00 250,000 September 14, 2021 September 14, 2024 US$ 5.00 4,798 October 30, 2023 October 30, 2026 US$ 0.6875 320,000 October 30, 2023 October 30, 2028 US$ 0.6123 6,400,000 October 30, 2023 No expiry date US$ 0.0001 1,600,000 8,574,798

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF SEGMENTED INFORMATION	SCHEDULE OF SEGMENTED INFORMATION December 31, 2023 Drones Vital Corporate Total Sales of goods $ 4,905,417 $ 381,676 $ - $ 5,287,093 Provision of services 1,267,749 - - 1,267,749 Total revenue $ 6,173,166 $ 381,676 $ - $ 6,554,842 Segment loss $ 14,743,176 $ (140,366 ) $ 8,323,731 $ 22,926,541 Finance and other costs (80,211 ) - (3,069 ) (83,280 ) Depreciation 499,530 - 11,148 510,677 Amortization 35,960 - - 35,960 Impairment of goodwill and intangibles Change in fair value of derivative liability - - (211,110 ) (211,110 ) Loss (recovery) on write-off of notes receivable - - 101,351 101,351 Loss on write down of inventory 331,671 - - 331,671 Write down of deposit Net loss for the year $ 15,530,126 $ (140,366 ) $ 8,222,051 $ 23,611,810 December 31, 2022 Drones Vital Corporate Total Sales of goods $ 5,388,262 $ 162,170 $ - $ 5,550,432 Provision of services 2,054,627 - - 2,054,627 Total revenue $ 7,442,889 $ 162,170 $ - $ 7,605,059 Segment loss $ 9,929,789 $ 602,580 $ 12,926,884 $ 23,459,253 Finance and other costs (3,529 ) - (40,186 ) (44,345 ) Depreciation 586,185 - - 593,277 Amortization 179,482 - - 179,482 Impairment of goodwill and intangibles 2,166,563 4,288,351 - 6,454,914 Change in fair value of derivative liability - - (5,502,688 ) (5,502,688 ) Loss on write-off of notes receivable 1,080,645 - (771,260 ) 309,385 Loss on write down of inventory 251,754 1,724,760 - 1,976,514 Write down of deposit - 228,572 - 228,572 Net loss for the year $ 14,190,889 $ 6,844,263 $ 6,619,212 $ 27,654,364 December 31, 2021 Drones Vital Corporate Total Sales of goods 4,957,134 146,265 - 5,103,399 Provision of services 1,950,466 - - 1,950,466 Total revenue $ 6,907,600 $ 146,265 $ - $ 7,053,865 Segment loss $ 7,819,739 $ 257,656 $ 10,498,164 $ 18,575,560 Finance and other costs 16,272 - (21,346 ) (5,074 ) Depreciation 175,098 - - 175,098 Amortization 135,966 - - 135,966 Impairment of goodwill and intangibles - 4,579,763 - 4,579,763 Change in fair value of derivative liability - - (8,149,812 ) (8,149,812 ) Loss on write-off of notes receivable - - 891,471 891,471 Net loss for the year $ 8,147,075 $ 4,837,419 $ 3,218,477 $ 16,202,972
SCHEDULE OF GEOGRAPHIC REVENUE	SCHEDULE OF GEOGRAPHIC REVENUE 2023 2022 2021 Geographic segmentation is as follows: For the years ended December 31, 2023 2022 2021 Non-current assets Canada $ 1,441,701 $ 1,121,821 $ 3,441,872 United States 206,616 - 5,112,659 $ 1,648,317 $ 1,121,821 $ 8,554,531 Revenue Canada $ 6,162,672 $ 6,919,038 $ 4,982,373 United States 392,170 686,021 2,071,492 Revenue $ 6,554,842 $ 7,605,059 $ 7,053,865

OFFICE AND MISCELLANEOUS (Table

OFFICE AND MISCELLANEOUS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES	SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES 2023 2022 2021 For the years ended December 31, 2023 2022 2021 Advertising, Marketing, and Investor Relations $ 4,243,432 $ 4,431,818 $ 5,165,791 Compliance fees 193,250 152,826 432,874 Impairment of accounts receivable 216,238 - - Contract Work 772,003 441,798 300,975 Other 878,956 371,519 556,358 Office and Miscellaneous Expenses $ 6,303,879 $ 5,397,961 $ 6,455,998

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF KEY COMPENSATION AWARDS	Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the year ended December 31, 2023 and 2022 included: SCHEDULE OF KEY COMPENSATION AWARDS For the years ended December 31, 2023 2022 2021 Director fees $ 600,933 $ 522,349 $ 370,094 Salaries 979,154 843,917 722,068 Share-based payments 1,109,232 2,106,906 2,475,949 Total $ 2,689,319 $ 3,473,172 $ 3,568,111
SCHEDULE OF KEY MANAGEMENT TRANSACTIONS	Other related party transactions SCHEDULE OF KEY MANAGEMENT TRANSACTIONS For the years ended December 31, 2023 2022 2021 Management fees paid to a company controlled by CEO and director $ 592,500 $ 566,487 $ 290,225 Management fees paid to a company that the CEO holds an economic interest in 429,766 442,485 315,643 Management fees paid to a company controlled by a director 215,019 383,288 205,691 Management fees paid to a company, total $ 1,237,285 $ 1,392,260 $ 811,559

FINANCIAL INSTRUMENTS AND FIN_2

FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2023
SCHEDULE OF AGING OF RECEIVABLES	The Company’s aging of receivables was as follows: SCHEDULE OF AGING OF RECEIVABLES December 31, 2023 December 31, 2022 0 – 30 days $ 271,622 $ 1,020,091 31 – 60 days 109,928 116,378 61 – 90 days 64,259 343,364 91 + days 203,803 609,132 Total receivables $ 649,612 $ 2,088,965
SCHEDULE OF CONTRACTUAL MATURITIES OF FINANCIAL LIABILITIES	The following is an analysis of the contractual maturities of the Company’s financial liabilities at December 31, 2023: SCHEDULE OF CONTRACTUAL MATURITIES OF FINANCIAL LIABILITIES 1 year 1 – 5 years Total Trade payables and accrued liabilities $ 2,638,981 $ - $ 2,638,981 Customer deposits 104,715 - 104,715 Deferred income 12,112 95,562 107,674 Loans payable 85,058 - 85,058 Derivative liability 4,196,125 - 4,196,125 Lease liability 429,948 497,398 927,346 Financial liabilities $ 7,466,939 $ 592,960 $ 8,059,899
SCHEDULE OF CHANGES IN FOREIGN EXCHANGE RATES	The following table summarizes the sensitivity of the fair value of the Company’s risk to foreign exchange rates, with all other variables held constant. Fluctuations of 10 percent in the foreign exchange rate between US dollars and Canadian dollars could have resulted in a change impacting net loss upon consolidation as follows: SCHEDULE OF CHANGES IN FOREIGN EXCHANGE RATES December 31, 2023 December 31, 2022 Foreign exchange rate $ 530,758 $ 969,977
SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS	SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS December 31, 2023 Level 1 Level 2 Level 3 Total Equity securities in investee companies $ 57,143 $ - $ 132,260 $ 189,403 Notes receivables Derivative liability - - 4,196,125 4,196,125 Total $ 57,413 $ - $ 4,328,385 $ 4,385,528 December 31, 2022 Level 1 Level 2 Level 3 Total Equity securities in investee companies $ 57,143 $ - $ 135,440 $ 192,583 Notes receivable - - 169,300 169,300 Derivative liability - - 57,314 57,314 Total $ 57,143 $ - $ 362,054 $ 419,197
SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY	For the fair value of the derivative liability, reasonable possible changes to the expected volatility, the most significant unobservable input would have the following effects: SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY Unobservable Inputs Change Impact on comprehensive loss Year ended December 31, 2023 Year ended December 31, 2022 Volatility 20 % $ 291,149 $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF INCOME TAX	The following table reconciles the expected income taxes at the Canadian statutory income tax rates to the amounts recognized in the statements of comprehensive loss for the years ended December 31, 2023 and 2022: SCHEDULE OF INCOME TAX December 31, 2023 December 31, 2022 December 31, 2021 Loss before income taxes $ 23,611,810 $ 27,654,364 $ 16,202,972 Canadian statutory rates 27 % 27 % 27 % Expected income tax recovery 6,330,400 7,338,900 4,196,600 Impact of different foreign statutory tax rates - - 34,900 Non-deductible items (509,800 ) (1,214,400 ) 116,400 Share issue costs 773,400 1,400 887,600 Adjustments to prior years provision versus statutory tax returns (87,600 ) (742,400 ) 376,500 Differences between prior year provision and final tax return (153,400 ) 867,500 (206,000 ) Change in deferred tax asset not recognized (6,353,000 ) (6,251,000 ) (5,406,000 ) Income tax $ - $ - $ -
SCHEDULE OF DEFERRED TAXES	The Company’s unrecognized deductible temporary differences and unused tax losses for which no deferred tax asset is recognized consist of the following amounts: SCHEDULE OF DEFERRED TAXES December 31, 2023 December 31, 2022 December 31, 2021 Deferred income tax assets (liabilities): Share issuance costs $ 995,000 $ 568,000 $ 728,000 Non-capital losses 20,377,000 14,602,000 7,043,000 Property and equipment 1,115,000 962,000 449,000 Capital gain reserve - - 74,000 Scientific Research and Experimental Development 365,000 367,000 291,000 Total deferred income tax assets $ 22,852,000 $ 16,499,000 8,585,000 Deferred income tax not recognized (22,852,000 ) (16,499,000 ) (8,585,000 ) Net deferred tax assets $ - $ - $ -

NATURE AND CONTINUANCE OF OPE_2

NATURE AND CONTINUANCE OF OPERATIONS AND GOING CONCERN (Details Narrative) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Nature And Continuance Of Operations And Going Concern
Accumulated deficit	$ 103,588,356	$ 79,976,546

SCHEDULE OF WHOLLY OWNED SUBSID

SCHEDULE OF WHOLLY OWNED SUBSIDIARIES (Details)	12 Months Ended
	Dec. 31, 2023
Draganfly innovations inc [member]
DisclosureMaterialAccountingPoliciesAndBasisOfPreparationLineItems [Line Items]
Name of subsidiary	Draganfly Innovations Inc. (DII)
Country of incorporation of subsidiary	Canada
Proportion of ownership interest in subsidiary	100%
Dragonfly Innovations USA Inc [member]
DisclosureMaterialAccountingPoliciesAndBasisOfPreparationLineItems [Line Items]
Name of subsidiary	Draganfly Innovations USA, Inc. (DI USA)
Country of incorporation of subsidiary	US
Proportion of ownership interest in subsidiary	100%
Dronelogics Systems Inc [member]
DisclosureMaterialAccountingPoliciesAndBasisOfPreparationLineItems [Line Items]
Name of subsidiary	Dronelogics Systems Inc. (“Dronelogics”)
Country of incorporation of subsidiary	Canada
Proportion of ownership interest in subsidiary	100%

SCHEDULE OF INTANGIBLE ASSETS W

SCHEDULE OF INTANGIBLE ASSETS WITH FINITE USEFUL LIVES (Details)	12 Months Ended
	Dec. 31, 2023
Customer relationship intangible assets [member]
IfrsStatementLineItems [Line Items]
Intangible assets, useful life	5 years
Brand names [member]
IfrsStatementLineItems [Line Items]
Intangible assets, useful life	5 years
Computer software [member]
IfrsStatementLineItems [Line Items]
Intangible assets, useful life	5 years
Patent [member]
IfrsStatementLineItems [Line Items]
Intangible assets, useful life	5 years

SCHEDULE OF CLASS OF EQUIPMENT

SCHEDULE OF CLASS OF EQUIPMENT (Details)	12 Months Ended
	Dec. 31, 2023
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation rate	30%
Furniture and equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation rate	20%
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, description	Expected lease term
Vehicles [member]
IfrsStatementLineItems [Line Items]
Depreciation rate	30%

MATERIAL ACCOUNTING POLICY IN_4

MATERIAL ACCOUNTING POLICY INFORMATION AND BASIS OF PREPARATION (Details Narrative)	12 Months Ended
	Dec. 31, 2023 shares
IfrsStatementLineItems [Line Items]
Aggregate sale price	(i) USD $1,000,000; (ii) 15% of the total assets of the Company, measured at the Company’s most recent balance sheet date; or (iii) 15% of the outstanding amount of the common shares of the Company, measured at the Company’s most recent balance sheet date
Warrants [member]
IfrsStatementLineItems [Line Items]
Potentially dilutive loss per share	8,574,798
Share options [member]
IfrsStatementLineItems [Line Items]
Potentially dilutive loss per share	897,158
Restricted share units [member]
IfrsStatementLineItems [Line Items]
Potentially dilutive loss per share	1,112,967

SCHEDULE OF CASH AND CASH EQUIV

SCHEDULE OF CASH AND CASH EQUIVALENTS (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash And Cash Equivalents
Cash held in banks	$ 3,093,612	$ 7,500,607
Guaranteed investment certificates		394,174
Cash and cash equivalents	$ 3,093,612	$ 7,894,781	$ 23,075,713	$ 1,982,416

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details Narrative) - CAD ($)	Aug. 23, 2022	May 30, 2022	Mar. 27, 2022
Guaranteed investment certificate [member]
IfrsStatementLineItems [Line Items]
Purchase of financial instrument	$ 143,436	$ 140,493	$ 142,852
Financial instrument term	1 year	1 year	1 year
Average effective Instrument rate	4.50%	0.75%	1%
Guaranteed investment certificate one [member]
IfrsStatementLineItems [Line Items]
Purchase of financial instrument	$ 140,738
Financial instrument term	1 year
Average effective Instrument rate	4.50%

SCHEDULE OF AMOUNTS RECEIVABLE

SCHEDULE OF AMOUNTS RECEIVABLE (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Amounts Receivable
Trade accounts receivable	$ 610,443	$ 1,343,795
Taxes receivable	39,169	745,170
Trade and other receivables	$ 649,612	$ 2,088,965

RECEIVABLES (Details Narrative)

RECEIVABLES (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Amounts Receivable
Provision for doubtful account	$ 216,238

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Inventories
Finished goods	$ 904,858	$ 542,934
Parts	691,678	513,008
Inventories	$ 1,596,536	$ 1,055,942

SCHEDULE OF COST OF SALES (Deta

SCHEDULE OF COST OF SALES (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Inventories
Inventory	$ 3,738,980	$ 6,048,348	$ 3,420,713
Consulting and services	549,448	730,170	679,345
Other	202,300	35,866	310,719
Cost of sales	$ 4,490,728	$ 6,814,384	$ 4,410,777

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Cost of sales	$ 4,490,728	$ 6,814,384	$ 4,410,777
Reserve inventory write down	331,671	1,976,514
Inventory [member]
IfrsStatementLineItems [Line Items]
Cost of sales	$ 3,738,980	$ 6,048,348	$ 3,420,713

DISCLOSURE OF NOTES RECEIVABLE

DISCLOSURE OF NOTES RECEIVABLE (Details) - CAD ($)				12 Months Ended
		Nov. 17, 2021	Sep. 09, 2021	Dec. 31, 2023		Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Principal				$ 1,194,078		$ 1,194,078
Interest						86,169
Accretion						40,735
Impairment loss				(101,351)		(309,385)
Repayments				(63,838)		(842,297)
Note receivable						169,300
Impairment loss				$ 101,351		$ 309,385
Note one [member]
IfrsStatementLineItems [Line Items]
Maturity date	[1]			Dec. 15, 2023		Mar. 31, 2023
Rate	[1]			0%		0%
Principal	[1]			$ 190,396		$ 190,396
Interest	[1]
Accretion	[1]					12,764
Impairment loss	[1]			(101,351)
Repayments	[1]			(63,838)		(33,860)
Note receivable	[1]					169,300
Impairment loss	[1]			$ 101,351
Note two [member]
IfrsStatementLineItems [Line Items]
Rate			5%	5%	[1]	5%	[1]
Principal	[1]			$ 1,003,682		$ 1,003,682
Interest	[1]					48,992
Accretion	[1]					27,971
Impairment loss	[1]					(1,080,645)
Repayments	[1]
Note receivable	[1]
Maturity date	[1]			Sep. 22, 2024		Sep. 22, 2024
Impairment loss	[1]					$ 1,080,645
Note three [member]
IfrsStatementLineItems [Line Items]
Rate		8%				8%
Principal
Interest						37,177
Accretion
Impairment loss						(771,260)
Repayments						(808,437)
Note receivable
Maturity date						Apr. 26, 2022
Impairment loss						$ 771,260
[1]These notes are denominated in US dollars and are converted to Canadian dollars at the reporting date.

NOTES RECEIVABLE (Details Narra

NOTES RECEIVABLE (Details Narrative) - CAD ($)				12 Months Ended
		Nov. 17, 2021	Sep. 09, 2021	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Impairment				$ 101,351		$ 309,385
Repayments of current borrowings						$ 808,437
Note two [member]
IfrsStatementLineItems [Line Items]
Note receivable interest rate			5%	5%	[1]	5%	[1]
Impairment	[1]					$ 1,080,645
Note two [member] | Accumulated impairment [member]
IfrsStatementLineItems [Line Items]
Impairment
Note three [member]
IfrsStatementLineItems [Line Items]
Note receivable interest rate		8%				8%
Impairment						$ 771,260
Loans written down
[1]These notes are denominated in US dollars and are converted to Canadian dollars at the reporting date.

SCHEDULE OF PREPAID EXPENSES AN

SCHEDULE OF PREPAID EXPENSES AND DEPOSITS (Details) - CAD ($)		Dec. 31, 2023	Dec. 31, 2022
Schedule Of Prepaid Expenses And Deposits
Insurance		$ 838,445	$ 1,148,455
Prepaid interest		810	1,889
Prepaid marketing services		71,539	733,417
Prepaid rent		21,768	12,485
Prepaid subscriptions		48,007	29,194
Deposits	[1]	361,646	382,284
Prepaid expenses and deposits		$ 1,342,215	$ 2,307,724
[1]A deposit in the amount of $ 228,572

SCHEDULE OF PREPAID EXPENSES _2

SCHEDULE OF PREPAID EXPENSES AND DEPOSITS (Details) (Parenthetical) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Prepaid Expenses And Deposits
Purchase of inventory		$ 228,572

SCHEDULE OF INVESTMENTS (Detail

SCHEDULE OF INVESTMENTS (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Investments
Balance	$ 192,583	$ 291,066
Change in fair value	(3,180)	(98,483)
Balance	$ 189,403	$ 192,583

SCHEDULE OF FAIR VALUE OF INVES

SCHEDULE OF FAIR VALUE OF INVESTMENT (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Fair value of investments	$ 189,403	$ 192,583	$ 291,066
Public company shares [member]
IfrsStatementLineItems [Line Items]
Fair value of investments	57,143	57,143
Private company shares [member]
IfrsStatementLineItems [Line Items]
Fair value of investments	$ 132,260	$ 135,440

SCHEDULE OF WEIGHTED AVERAGE AS

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR FAIR VALUES WARRANTS (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Risk free interest rate	4.58%
Expected volatility	115.10%
Expected life	10 years
Expected dividend yield	0%
Warrants [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate	3.84%	4.07%
Expected volatility	113.78%	116%
Expected life	4 years 9 months 18 days	2 months 15 days
Expected dividend yield	0%	0%

INVESTMENTS (Details Narrative)

INVESTMENTS (Details Narrative)		12 Months Ended
	Oct. 27, 2021 USD ($) shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares
IfrsStatementLineItems [Line Items]
Number of shares purchased | shares	50,000	1,428,571	1,428,571
Quoted exercise price | $ / shares		$ 0.04	$ 0.04
Quoted price per share | $ / shares		$ 0.03
[custom:WarrantExpiration]		Mar. 17, 2023
Number of shares purchased value | $	$ 100,000
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of shares purchased | shares			1,428,571

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance	$ 966,148	$ 466,934
Additions	490,394	588,320
Disposals	(136,204)	(89,106)
Property, plant and equipment, ending balance	1,320,338	966,148
Accumulated depreciation Property, plant and equipment, beginning balance	561,457	169,891
Charge for the year	154,410	469,917
Disposals	(76,330)	(78,351)
Accumulated depreciation Property, plant and equipment, ending balance	639,537	561,457
Property, plant and equipment	680,801	404,691
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance	95,662	54,110
Additions	58,611	60,240
Disposals	(21,000)	(18,688)
Property, plant and equipment, ending balance	133,273	95,662
Accumulated depreciation Property, plant and equipment, beginning balance	41,998	25,291
Charge for the year	22,762	32,627
Disposals	(6,582)	(15,920)
Accumulated depreciation Property, plant and equipment, ending balance	58,178	41,998
Property, plant and equipment	75,095	53,664
Furniture and equipment [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance	834,453	342,472
Additions	320,941	528,080
Disposals	(115,204)	(36,099)
Property, plant and equipment, ending balance	1,040,192	834,453
Accumulated depreciation Property, plant and equipment, beginning balance	502,790	102,277
Charge for the year	112,361	433,855
Disposals	(69,748)	(33,342)
Accumulated depreciation Property, plant and equipment, ending balance	545,403	502,790
Property, plant and equipment	494,789	331,663
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance		4,352
Additions	86,530
Disposals		(4,352)
Property, plant and equipment, ending balance	86,530
Accumulated depreciation Property, plant and equipment, beginning balance		4,352
Charge for the year	6,790
Disposals		(4,352)
Accumulated depreciation Property, plant and equipment, ending balance	6,790
Property, plant and equipment	79,740
Computer software [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance		29,967
Additions
Disposals		(29,967)
Property, plant and equipment, ending balance
Accumulated depreciation Property, plant and equipment, beginning balance		24,737
Charge for the year
Disposals		(24,737)
Accumulated depreciation Property, plant and equipment, ending balance
Property, plant and equipment
Vehicles [member]
IfrsStatementLineItems [Line Items]
Property, plant and equipment, beginning balance	36,033	36,033
Additions	24,310
Disposals
Property, plant and equipment, ending balance	60,343	36,033
Accumulated depreciation Property, plant and equipment, beginning balance	16,669	13,234
Charge for the year	12,497	3,435
Disposals
Accumulated depreciation Property, plant and equipment, ending balance	29,166	16,669
Property, plant and equipment	$ 31,177	$ 19,364

EQUIPMENT (Details Narrative)

EQUIPMENT (Details Narrative)	12 Months Ended
	Dec. 31, 2022 CAD ($)
Rental services [member]
IfrsStatementLineItems [Line Items]
Non - cash transfer of equipment from inventory	$ 508,607

SCHEDULE OF INTELLECTUAL PROPER

SCHEDULE OF INTELLECTUAL PROPERTY (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	$ 179,801
Cost, ending balance	56,426	$ 179,801
Net book value	56,426	179,801
Patent [member]
IfrsStatementLineItems [Line Items]
Net book value
Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Net book value		109,269
Brand names [member]
IfrsStatementLineItems [Line Items]
Net book value
Computer software [member]
IfrsStatementLineItems [Line Items]
Net book value	56,426	70,532
Goodwill [member]
IfrsStatementLineItems [Line Items]
Net book value
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	362,614	6,754,340
Additions		4,684
Foreign exchange translation		288,929
Impairment	(87,415)	(6,685,339)
Cost, ending balance	275,199	362,614
Gross carrying amount [member] | Patent [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	41,931	41,931
Additions
Foreign exchange translation
Impairment
Cost, ending balance	41,931	41,931
Gross carrying amount [member] | Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	197,000	197,000
Additions
Foreign exchange translation
Impairment	(87,415)
Cost, ending balance	109,585	197,000
Gross carrying amount [member] | Brand names [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022		23,000
Additions
Foreign exchange translation		1,571
Impairment		(24,571)
Cost, ending balance
Gross carrying amount [member] | Computer software [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	123,683	552,000
Additions		4,684
Foreign exchange translation		29,576
Impairment		(462,577)
Cost, ending balance	123,683	123,683
Gross carrying amount [member] | Goodwill [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022		5,940,409
Additions
Foreign exchange translation		257,782
Impairment		(6,198,191)
Cost, ending balance
Accumulated depreciation and amortisation [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	182,813	220,030
Charge for the year	35,960	179,482
Foreign exchange translation		13,726
Impairment		(230,425)
Balance at December 31, 2023	218,773	182,813
Accumulated depreciation and amortisation [member] | Patent [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	41,931	41,931
Charge for the year
Foreign exchange translation
Impairment
Balance at December 31, 2023	41,931	41,931
Accumulated depreciation and amortisation [member] | Customer-related intangible assets [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	87,731	60,414
Charge for the year	21,854	27,317
Foreign exchange translation
Impairment
Balance at December 31, 2023	109,585	87,731
Accumulated depreciation and amortisation [member] | Brand names [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022		3,450
Charge for the year		4,719
Foreign exchange translation		431
Impairment		(8,600)
Balance at December 31, 2023
Accumulated depreciation and amortisation [member] | Computer software [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022	53,151	114,235
Charge for the year	14,106	147,446
Foreign exchange translation		13,295
Impairment		(221,825)
Balance at December 31, 2023	67,257	53,151
Accumulated depreciation and amortisation [member] | Goodwill [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2022
Charge for the year
Foreign exchange translation
Impairment
Balance at December 31, 2023

INTANGIBLE ASSETS AND GOODWIL_2

INTANGIBLE ASSETS AND GOODWILL (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Impairment of goodwill	$ 87,415	$ 6,454,914	$ 4,579,763
Assumption discount rates		10%
Brand and software [member]
IfrsStatementLineItems [Line Items]
Impairment of goodwill		$ 15,971	$ 240,752
Vital and dronelogics [member]
IfrsStatementLineItems [Line Items]
Percentage of cash flow projection		2%	2%
Dronelogics [member]
IfrsStatementLineItems [Line Items]
Weighted average revenue		6.50%	14%
Percentage of weighted average cost of capital		19%	17%
Impairment of goodwill		$ 2,166,563
Reduction in value		$ 104,248	$ 597,100
Vital [member]
IfrsStatementLineItems [Line Items]
Weighted average revenue		0%	42%
Percentage of weighted average cost of capital		29%	24%
Impairment of goodwill		$ 4,031,628	$ 4,579,763
Reduction in value			$ 570,133

SCHEDULE OF RIGHT OF USE ASSETS

SCHEDULE OF RIGHT OF USE ASSETS (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Right Of Use Assets
Right of use assets, Cost, Balance	$ 683,117
Right of use assets, Cost, Additions	740,355
Right of use assets, Cost, Lease adjustment
Right of use assets, Cost, Balance	1,423,472	683,117
Right of use assets, Accumulated depreciation, Balance	338,371	215,011
Right of use assets, Accumulated depreciation, Charge for the year	363,086	123,360
Right of use assets, Accumulated depreciation, Balance	701,785	338,371
Right of use assets	$ 721,687	$ 344,746

SCHEDULE OF RIGHT OF USE ASSE_2

SCHEDULE OF RIGHT OF USE ASSETS RELATED TO LEASES (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Right of use assets	$ 721,687	$ 344,746
Buildings [member]
IfrsStatementLineItems [Line Items]
Right of use assets	721,687	342,361
Vehicles [member]
IfrsStatementLineItems [Line Items]
Right of use assets		$ 2,385

RIGHT OF USE ASSETS (Details Na

RIGHT OF USE ASSETS (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Right Of Use Assets
Additional right of the assets	$ 740,355

SCHEDULE OF OPERATING LEASE LIA

SCHEDULE OF OPERATING LEASE LIABILITIES (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease Liabilites
Balance - Beginning of period	$ 378,643	$ 489,123
Interest expense	96,423	39,795
Lease Payments	(423,410)	(150,275)
Additions	734,903
Foreign exchange	3,464
Balance - Ending of period	790,023	378,643
Current lease liabilities	362,001	133,962
Non-current lease liabilities	428,022	244,681
Lease liabilities	$ 790,023	$ 378,643

SCHEDULE OF OPERATING MATURITY

SCHEDULE OF OPERATING MATURITY ANALYSIS (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Total undiscounted lease liabilities	$ 927,346	$ 440,268
Amount representing interest	(137,323)	(61,625)
Lease liability	790,023	378,643	$ 489,123
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease liabilities	429,948	147,340
Later than one year and not later than three years [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease liabilities	355,879	209,078
Later than four years and not later than five years [member]
IfrsStatementLineItems [Line Items]
Total undiscounted lease liabilities	$ 141,519	$ 83,850

LEASE LIABILITES (Details Narra

LEASE LIABILITES (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Depreciation lease liability	The Company leases certain assets under lease agreements. The lease liabilities consist of leases of facilities and vehicles with terms ranging from one to five years
Variable lease payments	$ 43,542	$ 22,539
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease	11.70%
Top of range [member]
IfrsStatementLineItems [Line Items]
Weighted average lessee's incremental borrowing rate applied to lease	13.30%

SCHEDULE OF TRADE PAYABLES AND

SCHEDULE OF TRADE PAYABLES AND ACCRUED LIABILITIES (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Trade Payables And Accrued Liabilities
Trade accounts payable	$ 1,259,623	$ 751,422
Accrued liabilities	1,345,649	2,031,545
Government grant payable	33,709	33,709
Trade payables and accrued liabilities	$ 2,638,981	$ 2,816,676

SCHEDULE OF DEFERRED INCOME (De

SCHEDULE OF DEFERRED INCOME (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Deferred, revenue beginning	$ 63,690	$ 5,233
Revenue recognized	(64,816)	(4,939)
Unearned revenues received	108,800	63,396
Deferred income gross	107,674	63,690
Current portion	12,112	63,690
Long term portion	95,562
Deferred Income net	$ 107,674	$ 63,690

SCHEDULE OF LOANS PAYABLE (Deta

SCHEDULE OF LOANS PAYABLE (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Opening balance	$ 86,571	$ 93,317
Issuance of loans payable
Fair value adjustment		(4,891)
Repayment of loans payable	(6,747)	(6,746)
Accretion expense	5,234	4,891
Ending balance	$ 85,058	$ 86,571

SCHEDULE OF LOANS (Details)

SCHEDULE OF LOANS (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	May 19, 2020
IfrsStatementLineItems [Line Items]
Rate			25%
Total Carrying Value	$ 85,058	$ 86,571
CEBA [member]
IfrsStatementLineItems [Line Items]
Start Date	May 19, 2020
Maturity Date	Mar. 28, 2024
Rate	0%		5%
Total Carrying Value	$ 40,000	37,383
CEBA [member]
IfrsStatementLineItems [Line Items]
Start Date	Apr. 23, 2021
Maturity Date	Mar. 28, 2024
Rate	0%
Total Carrying Value	$ 40,000	37,383
Vehicle loan [member]
IfrsStatementLineItems [Line Items]
Start Date	Aug. 30, 2019
Maturity Date	Sep. 11, 2024
Rate	6.99%
Total Carrying Value	$ 5,058	$ 11,805

DEFERRED INCOME (Details Narrat

DEFERRED INCOME (Details Narrative)	Dec. 31, 2023 CAD ($)
Notes and other explanatory information [abstract]
Deferred revenue	$ 12,112

LOANS PAYABLE (Details Narrativ

LOANS PAYABLE (Details Narrative) - CAD ($)	Apr. 23, 2021	Dec. 04, 2020	May 19, 2020	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Interest rate			25%
CEBA [member]
IfrsStatementLineItems [Line Items]
Loan received			$ 40,000
Interest rate			5%	0%
Loans forgivable amount	$ 20,000		$ 10,000
Proceeds from loan		$ 20,000
Loan forgiveness		$ 10,000
Unsecured loan received	$ 60,000

SCHEDULE OF STOCK OPTIONS OUTST

SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Exercise Price | $ / shares	$ 0.6123
Remaining Contractual Life (years)	4 years 7 months 17 days	5 months 19 days
Number of Options Outstanding	897,158	877,157	897,158	1,035,991
Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Number of Options Outstanding	897,158		897,158
Number of Options Exercisable	819,875		819,875
Exercise price one [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Oct. 30, 2019
Expiry Date	Oct. 30, 2029
Exercise Price | $ / shares			$ 2.50
Remaining Contractual Life (years)	5 years 10 months 2 days
Number of Options Outstanding	278,332		278,332
Number of Options Exercisable	278,332		278,332
Exercise price two [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Nov. 19, 2019
Expiry Date	Nov. 19, 2029
Exercise Price | $ / shares			$ 2.50
Remaining Contractual Life (years)	5 years 10 months 20 days
Number of Options Outstanding	50,000		50,000
Number of Options Exercisable	50,000		50,000
Exercise price three [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Apr. 30, 2020
Expiry Date	Apr. 30, 2030
Exercise Price | $ / shares			$ 2.50
Remaining Contractual Life (years)	6 years 3 months 29 days
Number of Options Outstanding	85,000		85,000
Number of Options Exercisable	85,000		85,000
Exercise price four [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Apr. 30, 2020
Expiry Date	Apr. 30, 2030
Exercise Price | $ / shares			$ 3.85
Remaining Contractual Life (years)	6 years 3 months 29 days
Number of Options Outstanding	110,000		110,000
Number of Options Exercisable	110,000		110,000
Exercise price five [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Jul. 03, 2020
Expiry Date	Jul. 03, 2025
Exercise Price | $ / shares			$ 3.20
Remaining Contractual Life (years)	1 year 6 months 3 days
Number of Options Outstanding	100,000		100,000
Number of Options Exercisable	100,000		100,000
Exercise price six [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Nov. 24, 2020
Expiry Date	Nov. 24, 2030
Exercise Price | $ / shares			$ 2.50
Remaining Contractual Life (years)	6 years 10 months 24 days
Number of Options Outstanding	32,000		32,000
Number of Options Exercisable	32,000		32,000
Exercise price seven [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Feb. 02, 2021
Expiry Date	Feb. 02, 2031
Exercise Price | $ / shares			$ 13.20
Remaining Contractual Life (years)	7 years 1 month 6 days
Number of Options Outstanding	30,000		30,000
Number of Options Exercisable	30,000		30,000
Exercise price eight [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Mar. 08, 2021
Expiry Date	Mar. 08, 2026
Exercise Price | $ / shares			$ 13.90
Remaining Contractual Life (years)	2 years 2 months 8 days
Number of Options Outstanding	10,000		10,000
Number of Options Exercisable	10,000		10,000
Exercise price nine [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Apr. 27, 2021
Expiry Date	Apr. 27, 2031
Exercise Price | $ / shares			$ 10.15
Remaining Contractual Life (years)	7 years 3 months 29 days
Number of Options Outstanding	146,000		146,000
Number of Options Exercisable	97,326		97,326
Exercise price ten [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Sep. 09, 2021
Expiry Date	Sep. 09, 2026
Exercise Price | $ / shares			$ 4.84
Remaining Contractual Life (years)	2 years 8 months 8 days
Number of Options Outstanding	25,826		25,826
Number of Options Exercisable	17,217		17,217
Exercise price eleven [member] | Incentive share compensation plan [member]
IfrsStatementLineItems [Line Items]
Grant Date	Nov. 09, 2023
Expiry Date	Nov. 09, 2033
Exercise Price | $ / shares			$ 0.626
Remaining Contractual Life (years)	9 years 10 months 13 days
Number of Options Outstanding	30,000		30,000
Number of Options Exercisable	10,000		10,000

SCHEDULE OF STOCK OPTIONS OUT_2

SCHEDULE OF STOCK OPTIONS OUTSTANDING (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Number of options outstanding, Beginning Balance | shares	877,157	1,035,991
Weighted average exercise price, Beginning Balance	$ 4.60	$ 4.60
Number of options outstanding, Exercised | shares		(12,500)
Weighted average exercise price, Exercised		$ 2.15
Number of options outstanding, forfeited | shares	(9,999)	(146,334)
Weighted average exercise price, Granted	$ 0.626	$ 4.77
Weighted average exercise price, forfeited	$ 3.77
Number of options outstanding, issued | shares	30,000
Weighted average exercise price, Issued	$ 0.63
Number of options outstanding, Ending Balance | shares	897,158	877,157
Weighted average exercise price, Ending Balance	$ 4.48	$ 4.60

SCHEDULE OF WEIGHTED AVERAGE _2

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Risk free interest rate	4.58%
Expected volatility	115.10%
Expected life	10 years
Expected dividend yield	0%
Exercise price	$ 0.63

SUMMARY OF CHANGES IN RESTRICTE

SUMMARY OF CHANGES IN RESTRICTED STOCK UNITS (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Number of RSUs outstanding, Beginning of the period	6,461,999
Number of RSUs outstanding, Ending of the period	8,000,000	6,461,999
Restricted stock units rsu [member]
IfrsStatementLineItems [Line Items]
Number of RSUs outstanding, Beginning of the period	1,198,875	514,832
Number of RSUs,Vested	(1,508,255)	(1,072,595)
Number of RSUs,Issued	(1,685,316)	1,820,972
Number of RSUs ,Forfeited	(262,969)	(64,334)
Number of RSUs,Issued	1,685,316	(1,820,972)
Number of RSUs outstanding, Ending of the period	1,112,967	1,198,875

SCHEDULE OF WARRANT DERIVATIVE

SCHEDULE OF WARRANT DERIVATIVE LIABILITY (Details) - Warrants [member] - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Beginning of the period		$ 4,865,772
Change in fair value of warrants outstanding	211,110	(4,865,772)
Warrants issued	3,985,015
Ending of the period	4,196,125
Warrants	4,196,125
Contingent consideration		57,314
Derivative liability	$ 4,196,125	$ 57,314

SCHEDULE OF WARRANT AND FAIR VA

SCHEDULE OF WARRANT AND FAIR VALUE OUTSTANDING (Details)		12 Months Ended
		Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares		$ 0.6123
Number of Warrants Outstanding | shares		8,000,000	6,461,999
Fair Value of warrants | $		$ 4,196,125
Range 1 [member]
IfrsStatementLineItems [Line Items]
Issue date	[1]	Feb. 05, 2021
Exercise price | $ / shares	[1]	$ 3.55
Number of Warrants Outstanding | shares	[1]		1,319,675
Fair Value of warrants | $	[1]
Range 2 [member]
IfrsStatementLineItems [Line Items]
Issue date	[2]	Mar. 05, 2021
Exercise price | $ / shares	[2]	$ 3.55
Number of Warrants Outstanding | shares	[2]		5,142,324
Fair Value of warrants | $	[2]
Range 6 [member]
IfrsStatementLineItems [Line Items]
Issue date		Oct. 30, 2023
Exercise price | $ / shares	[3]	$ 0.6123
Number of Warrants Outstanding | shares	[3]	6,400,000
Fair Value of warrants | $	[3]	$ 3,180,543
Range 7 [member]
IfrsStatementLineItems [Line Items]
Issue date		Oct. 30, 2023
Exercise price | $ / shares	[4]	$ 0.0001
Number of Warrants Outstanding | shares	[4]	1,600,000
Fair Value of warrants | $	[4]	$ 1,015,582
[1]The warrants expired on February 5, 2023.[2]The warrants expired on March 5, 2023.[3]The warrants expire October 30, 2028.[4]The warrants have no expiry date.

SCHEDULE OF WEIGHTED AVERAGE _3

SCHEDULE OF WEIGHTED AVERAGE ASSUMPTION FOR WARRANTS (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Risk free interest rate	4.58%
Expected volatility	115.10%
Expected life	10 years
Expected dividend yield	0%
Warrants [member]
IfrsStatementLineItems [Line Items]
Risk free interest rate	3.84%	4.07%
Expected volatility	113.78%	116%
Expected life	4 years 9 months 18 days	2 months 15 days
Expected dividend yield	0%	0%
Warrants [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Expected volatility		91.66%
Expected life		1 month 6 days
Warrants [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Expected volatility		93.48%
Expected life		2 months 4 days

SUMMARY OF CHANGES IN WARRANTS

SUMMARY OF CHANGES IN WARRANTS (Details)	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
IfrsStatementLineItems [Line Items]
Number of RSUs outstanding, Beginning of the period | shares	6,461,999
Weighted Average Exercise Price, Outstanding, Beginning Balance
Number of RSUs outstanding, Ending of the period | shares	8,000,000	6,461,999
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 0.63
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of RSUs outstanding, Beginning of the period	7,916,797	8,414,819
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 5.08	$ 4.99
Warrants, Excercised		(16,538)
Weighted Average Exercise Price, Exercised		$ 4.51
Warrants, Issued	(8,320,000)	(481,484)
Weighted Average Exercise Price, Issued	$ 0.50	$ 4.61
Warrants, Issued	8,320,000	481,484
Warrants, Expired	(7,661,999)
Weighted Average Exercise Price, Expired	$ 5.89
Number of RSUs outstanding, Ending of the period	8,574,798	7,916,797
Weighted Average Exercise Price, Outstanding, Ending Balance	$ 0.63	$ 5.08

SCHEDULE OF WARRANTS OUTSTANDIN

SCHEDULE OF WARRANTS OUTSTANDING (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Warrant one [member]
IfrsStatementLineItems [Line Items]
Date issued	Jul. 29, 2021
Expiry date	Jul. 29, 2024
Exercise price | $ / shares	$ 5
Number of warrants outstanding	250,000
Warrant two [member]
IfrsStatementLineItems [Line Items]
Date issued	Sep. 14, 2021
Expiry date	Sep. 14, 2024
Exercise price | $ / shares	$ 5
Number of warrants outstanding	4,798
Warrant three [member]
IfrsStatementLineItems [Line Items]
Date issued	Oct. 30, 2023
Expiry date	Oct. 30, 2026
Exercise price | $ / shares	$ 0.6875
Number of warrants outstanding	320,000
Warrant four [member]
IfrsStatementLineItems [Line Items]
Date issued	Oct. 30, 2023
Expiry date	Oct. 30, 2028
Exercise price | $ / shares	$ 0.6123
Number of warrants outstanding	6,400,000
Warrant five [member]
IfrsStatementLineItems [Line Items]
Date issued	Oct. 30, 2023
Exercise price | $ / shares	$ 0.0001
Number of warrants outstanding	1,600,000
Warrants [member]
IfrsStatementLineItems [Line Items]
Number of warrants outstanding	8,574,798

SHARE CAPITAL (Details Narrativ

SHARE CAPITAL (Details Narrative)		12 Months Ended
	Mar. 22, 2021 CAD ($) shares	Dec. 31, 2023 $ / shares	Dec. 31, 2023 CAD ($) shares $ / shares	Dec. 31, 2022 CAD ($) shares $ / shares	Dec. 31, 2021 CAD ($)	Dec. 31, 2023 CAD ($) shares
IfrsStatementLineItems [Line Items]
Number of shares issued | shares						8,000,000
[custom:SharesIssuedForFinancingCost]			$ 10,856,166
[custom:IssuedCapitalCost-0]						$ 1,953,032
Proceeds from issuing shares			8,903,134
Shares issued for financing - ATM			1,748,946
Share issue costs			222,136
Proceeds from issue of shares			1,526,810
Shares issued for financing			11,376,230		$ 36,092,187
Share issue related cost			$ 222,136	$ 5,122	3,814,761
Exercise of warrants				$ 87,170	4,929,790
Number of options outstanding, Granted | shares			30,000
Weighted average exercise price, Granted | $ / shares			$ 0.626	$ 4.77
Stock option exercisable year			10 years
Adjustments for share-based payments			$ 2,021,664	$ 3,311,024	$ 3,952,595
Warrants issued | shares	1,200,000		1,600,000
Warrant exercise price share | $ / shares		$ 0.5499
Exercise price | $ / shares		0.0001
Warrants exercise price | $ / shares		0.6123
Warrants term						5 years
Warrants expiration date	Mar. 25, 2023					Oct. 30, 2028
Risk free interest rate			4.58%
Volatility rate			115.10%
Expected life			10 years
Expected dividend yield			0%
Warrants held in escrow | shares	900,000
Weighted average remaining contractual life of outstanding share options			4 years 7 months 17 days	5 months 19 days
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Revenue on acquisition	$ 2,000,000
Top of range [member]
IfrsStatementLineItems [Line Items]
Revenue on acquisition	$ 6,000,000
USD Warrants [Member]
IfrsStatementLineItems [Line Items]
Risk free interest rate			4.80%
Volatility rate			115.35%
Expected life			5 years
Expected dividend yield			0%
Broker Warrants [Member]
IfrsStatementLineItems [Line Items]
Risk free interest rate			4.87%
Volatility rate			138.83%
Expected life			3 years
Expected dividend yield			0%
Warrants [member]
IfrsStatementLineItems [Line Items]
Warrants issued | shares			6,400,000
Warrants exercise price | $ / shares		$ 0.6875
Warrants term						3 years
Underwriter warrants issued | shares			320,000
Stock options [member]
IfrsStatementLineItems [Line Items]
Adjustments for share-based payments			$ 151,174	$ 502,837
Restricted stock units [member]
IfrsStatementLineItems [Line Items]
Number of accelerated vesting shares | shares			1,508,255	1,072,595
Number of accelerated issued shares | shares			1,687,014	1,820,972
Number of accelerated Forfeited shares | shares			264,668	64,334
Expense from share-based payment transactions with employees			$ 1,866,490	$ 2,808,187
Common stock 1 [member]
IfrsStatementLineItems [Line Items]
Restricted share units | shares			1,508,255	1,072,595
Number of shares exercise | shares				16,538
Number of stock issued for exercise of options | shares				12,500
Stock issued during period value exercise of options				$ 26,875
Common shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares						4,800,000
Proceeds from issuing shares			$ 3,969,372
Shares issued for financing - ATM, shares | shares			650,729
Shares issued for financing			$ 4,858,995
Share issue related cost			889,623
Other income (expense)			$ 793,979

SCHEDULE OF SEGMENTED INFORMATI

SCHEDULE OF SEGMENTED INFORMATION (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Sales of goods	$ 5,287,093	$ 5,550,432	$ 5,103,399
Provision of services	1,267,749	2,054,627	1,950,466
Total revenue	6,554,842	7,605,059	7,053,865
Segment loss	22,926,541	23,459,253	18,575,560
Finance and other costs	(83,280)	(44,345)	(5,074)
Depreciation	510,677	593,277	175,098
Amortization	35,960	179,482	135,966
Impairment of goodwill and intangibles		6,454,914	4,579,763
Change in fair value of derivative liability	(211,110)	(5,502,688)	(8,149,812)
Loss on write-off of notes receivable	101,351	309,385	891,471
Loss on write down of inventory	331,671	1,976,514
Write down of deposit		228,572
Net loss for the year	23,611,810	27,654,364	16,202,972
Drones [member]
IfrsStatementLineItems [Line Items]
Sales of goods	4,905,417	5,388,262	4,957,134
Provision of services	1,267,749	2,054,627	1,950,466
Total revenue	6,173,166	7,442,889	6,907,600
Segment loss	14,743,176	9,929,789	7,819,739
Finance and other costs	(80,211)	(3,529)	16,272
Depreciation	499,530	586,185	175,098
Amortization	35,960	179,482	135,966
Impairment of goodwill and intangibles		2,166,563
Change in fair value of derivative liability
Loss on write-off of notes receivable		1,080,645
Loss on write down of inventory	331,671	251,754
Write down of deposit
Net loss for the year	15,530,126	14,190,889	8,147,075
Vital [member]
IfrsStatementLineItems [Line Items]
Sales of goods	381,676	162,170	146,265
Provision of services
Total revenue	381,676	162,170	146,265
Segment loss	(140,366)	602,580	257,656
Finance and other costs
Depreciation
Amortization
Impairment of goodwill and intangibles		4,288,351	4,579,763
Change in fair value of derivative liability
Loss on write-off of notes receivable
Loss on write down of inventory		1,724,760
Write down of deposit		228,572
Net loss for the year	(140,366)	6,844,263	4,837,419
Corporates [member]
IfrsStatementLineItems [Line Items]
Sales of goods
Provision of services
Total revenue
Segment loss	8,323,731	12,926,884	10,498,164
Finance and other costs	(3,069)	(40,186)	(21,346)
Depreciation	11,148
Amortization
Impairment of goodwill and intangibles
Change in fair value of derivative liability	(211,110)	(5,502,688)	(8,149,812)
Loss on write-off of notes receivable	101,351	(771,260)	891,471
Loss on write down of inventory
Write down of deposit
Net loss for the year	$ 8,222,051	$ 6,619,212	$ 3,218,477

SCHEDULE OF GEOGRAPHIC REVENUE

SCHEDULE OF GEOGRAPHIC REVENUE (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Non-current assets	$ 1,648,317	$ 1,121,821	$ 8,554,531
Revenue
Revenue	6,554,842	7,605,059	7,053,865
CA [member]
IfrsStatementLineItems [Line Items]
Non-current assets	1,441,701	1,121,821	3,441,872
Revenue
Revenue	6,162,672	6,919,038	4,982,373
US country [member]
IfrsStatementLineItems [Line Items]
Non-current assets	206,616		5,112,659
Revenue
Revenue	$ 392,170	$ 686,021	$ 2,071,492

SCHEDULE OF OFFICE AND MISCELLA

SCHEDULE OF OFFICE AND MISCELLANEOUS EXPENSES (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Advertising, Marketing, and Investor Relations	$ 4,243,432	$ 4,431,818	$ 5,165,791
Compliance fees	193,250	152,826	432,874
Impairment of accounts receivable	216,238
Contract Work	772,003	441,798	300,975
Other	878,956	371,519	556,358
Office and Miscellaneous Expenses	$ 6,303,879	$ 5,397,961	$ 6,455,998

SCHEDULE OF KEY COMPENSATION AW

SCHEDULE OF KEY COMPENSATION AWARDS (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Director fees	$ 600,933	$ 522,349	$ 370,094
Salaries	979,154	843,917	722,068
Share-based payments	1,109,232	2,106,906	2,475,949
Total	$ 2,689,319	$ 3,473,172	$ 3,568,111

SCHEDULE OF KEY MANAGEMENT TRAN

SCHEDULE OF KEY MANAGEMENT TRANSACTIONS (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Management fees paid to a company, total	$ 2,689,319	$ 3,473,172	$ 3,568,111
CEO and director [member]
IfrsStatementLineItems [Line Items]
Management fees paid to a company, total	592,500	566,487	290,225
CEO [member]
IfrsStatementLineItems [Line Items]
Management fees paid to a company, total	429,766	442,485	315,643
Directors [member]
IfrsStatementLineItems [Line Items]
Management fees paid to a company, total	215,019	383,288	205,691
Other related parties [member]
IfrsStatementLineItems [Line Items]
Management fees paid to a company, total	$ 1,237,285	$ 1,392,260	$ 811,559

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Incurred fees	$ 4,145,586	$ 6,821,583	$ 4,445,949
Indebted amount	190,664	51,549
Business services agreement [member] | Business instincts group [member]
IfrsStatementLineItems [Line Items]
Incurred fees	429,766	442,485
Indebted amount	3,780	30,804
Independent consultant agreement [member] | Alberta lltd [member]
IfrsStatementLineItems [Line Items]
Incurred fees	592,500	566,487
Indebted amount	35,417
Executive consultant agreement [member] | Scottlarson [member]
IfrsStatementLineItems [Line Items]
Incurred fees	215,019	383,288
Indebted amount	$ 9,287	$ 20,745

SCHEDULE OF AGING OF RECEIVABLE

SCHEDULE OF AGING OF RECEIVABLES (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total receivables	$ 649,612	$ 2,088,965
Current [member]
IfrsStatementLineItems [Line Items]
Total receivables	271,622	1,020,091
Later than one month and not later than two months [member]
IfrsStatementLineItems [Line Items]
Total receivables	109,928	116,378
Later than two months and not later than three months [member]
IfrsStatementLineItems [Line Items]
Total receivables	64,259	343,364
Later than three months [member]
IfrsStatementLineItems [Line Items]
Total receivables	$ 203,803	$ 609,132

SCHEDULE OF CONTRACTUAL MATURIT

SCHEDULE OF CONTRACTUAL MATURITIES OF FINANCIAL LIABILITIES (Details)	Dec. 31, 2023 CAD ($)
IfrsStatementLineItems [Line Items]
Financial liabilities	$ 8,059,899
Trade payables and accrued liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	2,638,981
Customer deposits [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	104,715
Deferred income [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	107,674
Loan payable [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	85,058
Derivative liability [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	4,196,125
Lease liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	927,346
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	7,466,939
Not later than one year [member] | Trade payables and accrued liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	2,638,981
Not later than one year [member] | Customer deposits [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	104,715
Not later than one year [member] | Deferred income [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	12,112
Not later than one year [member] | Loan payable [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	85,058
Not later than one year [member] | Derivative liability [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	4,196,125
Not later than one year [member] | Lease liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	429,948
Later than one year and not later than five years [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	592,960
Later than one year and not later than five years [member] | Trade payables and accrued liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities
Later than one year and not later than five years [member] | Customer deposits [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities
Later than one year and not later than five years [member] | Deferred income [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	95,562
Later than one year and not later than five years [member] | Loan payable [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities
Later than one year and not later than five years [member] | Derivative liability [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities
Later than one year and not later than five years [member] | Lease liabilities [member] | Liquidity risk [member]
IfrsStatementLineItems [Line Items]
Financial liabilities	$ 497,398

SCHEDULE OF CHANGES IN FOREIGN

SCHEDULE OF CHANGES IN FOREIGN EXCHANGE RATES (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Foreign exchange rate	$ 530,758	$ 969,977

SCHEDULE OF FINANCIAL ASSETS ME

SCHEDULE OF FINANCIAL ASSETS MEASURED FAIR VALUE THROUGH PROFIT AND LOSS (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Equity securities in investee companies	$ 189,403	$ 192,583
Notes receivable		169,300
Derivative liability	4,196,125	57,314
Total	4,385,528	419,197
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Equity securities in investee companies	57,143	57,143
Notes receivable
Derivative liability
Total	57,413	57,143
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Equity securities in investee companies
Notes receivable
Derivative liability
Total
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Equity securities in investee companies	132,260	135,440
Notes receivable		169,300
Derivative liability	4,196,125	57,314
Total	$ 4,328,385	$ 362,054

SCHEDULE OF FAIR VALUE FOR DERI

SCHEDULE OF FAIR VALUE FOR DERIVATIVE LIABILITY (Details) - Historical volatility for shares, measurement input [member] - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
[custom:IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputRecognisedPercentage]	20%
Impact on comprehensive loss	$ 291,149

SCHEDULE OF INCOME TAX (Details

SCHEDULE OF INCOME TAX (Details) - CAD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Loss before income taxes	$ 23,611,810	$ 27,654,364	$ 16,202,972
Canadian statutory rates	27%	27%	27%
Expected income tax recovery	$ 6,330,400	$ 7,338,900	$ 4,196,600
Impact of different foreign statutory tax rates			34,900
Non-deductible items	(509,800)	(1,214,400)	116,400
Share issue costs	773,400	1,400	887,600
Adjustments to prior years provision versus statutory tax returns	(87,600)	(742,400)	376,500
Differences between prior year provision and final tax return	(153,400)	867,500	(206,000)
Change in deferred tax asset not recognized	(6,353,000)	(6,251,000)	(5,406,000)
Income tax

SCHEDULE OF DEFERRED TAXES (Det

SCHEDULE OF DEFERRED TAXES (Details) - CAD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Share issuance costs	$ 995,000	$ 568,000	$ 728,000
Non-capital losses	20,377,000	14,602,000	7,043,000
Property and equipment	1,115,000	962,000	449,000
Capital gain reserve			74,000
Scientific Research and Experimental Development	365,000	367,000	291,000
Total deferred income tax assets	22,852,000	16,499,000	8,585,000
Deferred income tax not recognized	(22,852,000)	(16,499,000)	(8,585,000)
Net deferred tax assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - 12 months ended Dec. 31, 2023	USD ($)	CAD ($)
Expiring in 2030 to 2043 [Member]
IfrsStatementLineItems [Line Items]
Non-capital loss carry forward		$ 67,701,122
Expiring in 2040 to 2043 [Member]
IfrsStatementLineItems [Line Items]
Non-capital loss carry forward	$ 6,231,434	$ 8,241,878

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)					12 Months Ended
	Feb. 26, 2024 USD ($) $ / shares shares	Feb. 26, 2024 CAD ($)	Feb. 06, 2024 USD ($) shares	Feb. 06, 2024 CAD ($) shares	Dec. 31, 2023 CAD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 CAD ($)	Feb. 26, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares
IfrsStatementLineItems [Line Items]
Proceeds from exercise of warrants | $						$ 87,170	$ 4,929,790
Number of shares issued | shares									8,000,000
Proceeds from issue of ordinary shares | $					$ 1,526,810
Warrant exercise price | $ / shares									$ 0.5499
Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares	11,200,000							11,200,000
Description of shares issuance	each unit consisting of one common share and one warrant to purchase one common share and 2,200,000 units consisting of one pre-funded warrant to purchase one common share and one warrant to purchase one common share.	each unit consisting of one common share and one warrant to purchase one common share and 2,200,000 units consisting of one pre-funded warrant to purchase one common share and one warrant to purchase one common share.
Share price | $ / shares								$ 0.27
Proceeds from issue of ordinary shares	$ 3,600,000	$ 4,800,000
Net proceeds from issue of ordinary shares	3,300,000	4,400,000
Proceeds from issue of ordinary shares	$ 329,000	$ 442,000
Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ordinary shares [member] | Ranges of Exercise Prices of Warrants Two [member]
IfrsStatementLineItems [Line Items]
Description of exercisable term of warrants	3 years	3 years
Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ordinary shares [member] | Ranges of Exercise Prices of Warrants One [member]
IfrsStatementLineItems [Line Items]
Description of exercisable term of warrants	5 years	5 years
Pre-funded Warrants [Member]
IfrsStatementLineItems [Line Items]
Number of warrants exercised | shares			1,600,000	1,600,000
Proceeds from exercise of warrants			$ 160	$ 216
Number of shares issued, value			$ 578,200	$ 773,624
Pre-funded Warrants [Member] | Non Adjustment Events [Member] | Underwritten Share Placement [Member]
IfrsStatementLineItems [Line Items]
Number of warrants exercised | shares			670,000	670,000
Warrant exercise price | $ / shares								0.0001
Pre-funded Warrants [Member] | Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ranges of Exercise Prices of Warrants Two [member]
IfrsStatementLineItems [Line Items]
Warrant exercise price | $ / shares								$ 0.3375
Pre-funded Warrants [Member] | Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of warrants exercised | shares	2,200,000							2,200,000
Warrants [member] | Non Adjustment Events [Member] | Underwritten Share Placement [Member] | Ranges of Exercise Prices of Warrants Two [member]
IfrsStatementLineItems [Line Items]
Warrant exercise price | $ / shares	$ 0.36