AGRI AgriFORCE Growing Systems Ltd

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

 

(Mark One)
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACMT OF 1934 For the quarterly period ended September 30, 2024
	or
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____

 

Commission File Number: 001-40578

 

 

 

AGRIFORCE GROWING SYSTEMS LTD.

(Exact name of registrant as specified in its charter)

 

 

British Columbia		Not Applicable
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
800 – 525 West 8th Avenue Vancouver, BC, Canada		V5Z 1C6
(Address of principal executive offices)		(Zip Code)

 

(604) 757-0952

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address and former fiscal year, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares		AGRI		NASDAQ Capital Market

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “non-accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

	Large accelerated filer ☐	Accelerated filer ☐
	Non-accelerated filer ☒	Smaller reporting company ☒
		Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

 

As of November 19, 2024, the registrant has 155,029,573 shares of common stock, no par value per share, outstanding.

 

 

 

TABLE OF CONTENTS

 

PART I — FINANCIAL INFORMATION
Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023	4
	Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended September 30, 2024 and September 30, 2023	5
	Unaudited Condensed Consolidated Statement of Changes in Shareholders’ Equity for the three and nine months ended September 30, 2024 and September 30, 2023	6
	Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and September 30, 2023	8
	Notes to Unaudited Condensed Financial Statements	9
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	34
Item 4.	Controls and Procedures	34
PART II — OTHER INFORMATION
Item 1.	Legal Proceedings	35
Item 1A.	Risk Factors	35
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 3.	Defaults Upon Senior Securities	36
Item 4.	Mine Safety Disclosures	36
Item 5.	Other Information	36
Item 6.	Exhibits	36

 

 

Cautionary Note Regarding Forward-Looking Information

 

This Quarterly Report on Form 10-Q contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements represent our expectations, beliefs, intentions or strategies concerning future events, including, but not limited to, any statements regarding our assumptions about financial performance; the continuation of historical trends; the sufficiency of our cash balances for future liquidity and capital resource needs; the expected impact of changes in accounting policies on our results of operations, financial condition or cash flows; anticipated problems and our plans for future operations; and the economy in general or the future of the agriculture technology industry, all of which were subject to various risks and uncertainties.

 

When used in this Quarterly Report on Form 10- Q and other reports, statements, and information we have filed with the Securities and Exchange Commission (“Commission” or “SEC”), in our press releases, in our periodic reports on Forms 10-K and 10-Q, in oral statements made by or with the approval of an executive officer, the words or phrases “believes,” “may,” “will,” “expects,” “should,” “continue,” “anticipates,” “intends,” “will likely result,” “estimates,” “projects” or similar expressions and variations thereof are intended to identify such forward-looking statements. However, any statements contained in this Quarterly Report on Form 10-Q that are not statements of historical fact may be deemed to be forward-looking statements. We caution that these statements by their nature involve risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important factors.

 

We do not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in this annual report. In this Quarterly Report on Form 10-Q, AgriFORCE Growing Systems Ltd. has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.

 

 

PART I — FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

AGRIFORCE GROWING SYSTEMS LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Expressed in US dollars)

 

		Note				September 30, 2024				December 31, 2023
						(Unaudited)
ASSETS
Current
Cash						$	1,373,294			$	3,878,578
Accounts receivable							163				-
Other receivable							23,646				30,859
Prepaid expenses and other current assets			4				499,682				272,872
Inventories			5				47,174				38,857
Total current assets							1,943,959				4,221,166
Non-current
Property and equipment, net							2,612				11,801
Intangible assets, net			6				8,370,423				12,733,885
Goodwill							314,387				-
Lease deposit							48,206				63,708
Construction in progress							112,281				113,566
Investment			7				-				223,801
Total assets						$	10,791,868			$	17,367,927
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current
Accounts payable and accrued liabilities			8			$	2,024,621			$	1,942,011
Debentures			9				1,093,907				4,084,643
Contingent consideration payable - current							41,659				-
Contract liabilities			10				-				15,336
Total current liabilities							3,160,187				6,041,990
Non-current
Other liabilities							25,165				25,684
Derivative liabilities			12				854,022				2,690,308
Contingent consideration payable – non-current							38,559				-
Long term loan			11				44,448				45,365
Total liabilities							4,122,381				8,803,347
Commitments and contingencies			16				-				-
Shareholders’ equity
Common shares, no par value per share - unlimited shares authorized; 99,343,334 and 5,841,045 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively*			13				62,130,241				49,828,942
Additional paid-in-capital							2,964,795				3,472,444
Obligation to issue shares			13				44,214				97,094
Accumulated deficit							(57,914,468	)			(44,507,304	)
Accumulated other comprehensive loss							(555,295	)			(326,596	)
Total shareholders’ equity							6,669,487				8,564,580
Total liabilities and shareholders’ equity						$	10,791,868			$	17,367,927

 

*	reflects the 1:50 reverse stock split effected on October 11, 2023.

 

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Interim Financial Statements.

 

 

AGRIFORCE GROWING SYSTEMS LTD.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited)

(Expressed in US dollars)

 

		2024				2023				2024				2023
		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Revenue			-				-				41,315				-
Cost of Sales			-				-				34,192				-
Gross profit			-				-				7,123				-
Operating expenses
Wages and salaries		$	486,521			$	603,242			$	1,205,741			$	2,319,026
Consulting			177,215				147,190				363,411				1,032,210
Professional fees			112,361				277,694				442,090				1,026,044
Office and administrative			285,186				191,829				864,983				821,358
Investor and public relations			61,814				61,319				104,460				451,184
Depreciation and amortization			169,248				172,096				499,187				512,695
Share based compensation			63,552				80,537				127,674				565,861
Sales and marketing			20,281				11,242				96,107				173,568
Lease expense			782				73,261				59,358				222,535
Travel and entertainment			23,757				3,813				31,915				104,938
Shareholder and regulatory			13,431				35,857				98,880				114,674
Research and development			54,036				(27,046	)			58,130				22,312
Intangible asset impairment (Note 6)			4,137,271				-				4,137,271				-
Operating expenses			5,605,455				1,631,034				8,089,207				7,366,405
Operating loss			(5,605,455	)			(1,631,034	)			(8,082,084	)			(7,366,405	)
Other expenses
Accretion of interest on debentures (Note 9)			469,684				2,064,936				2,672,765				6,045,214
Loss on conversion of convertible debt (Note 9)			235,376				108,125				1,627,858				541,730
Loss on debt extinguishment (Note 9)			(75,119	)			-				2,223,250				-
(Gain) loss on extinguishment of warrant liability			(14,769	)			-				(14,769	)			-
Change in fair value of derivative liabilities (Note 12)			(505,628	)			(326,042	)			(1,198,554	)			(6,159,067	)
Loss on long-term investment			97,488				-				97,488				-
Foreign exchange gain			63,834				25,472				(22,918	)			(1,317	)
Other loss			-				-				4,252				-
Write-off of inventory			-				-				38,470				-
Write-off of deposit (Note 4)			-				-				-				12,000
Other income			(28,956	)			(10,472	)			(102,762	)			(64,887	)
Net loss		$	(5,847,365	)		$	(3,493,053	)		$	(13,407,164	)		$	(7,740,078	)
Other comprehensive income (loss)
Foreign currency translation			179,950				(226,286	)			(228,699	)			84,719
Comprehensive loss attributable to common shareholders		$	(5,667,415	)		$	(3,719,339	)		$	(13,635,863	)		$	(7,655,359	)
Basic and diluted net loss attributed to common share		$	(0.06	)		$	(4,03	)		$	(0.27	)		$	(12.58	)
Weighted average number of common shares outstanding – basic and diluted*			92,015,605				867,110				50,333,281				615,152

 

*	reflects the 1:50 reverse stock split effected on October 11, 2023.

 

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Interim Financial Statements.

 

 

AGRIFORCE GROWING SYSTEMS LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited)

(Expressed in US dollars, except share numbers)

 

		# of Shares*				Amount				paid-in- capital				to issue shares				Accumulated deficit				comprehensive income				shareholders’ equity
		For the three months ended September 30
		Common shares								Additional				Obligation								Accumulated other				Total
		# of Shares*				Amount				paid-in- capital				to issue shares				Accumulated deficit				comprehensive income				shareholders’ equity
Balance, July 1, 2024			84,333,892			$	61,085,023			$	2,953,883			$	86,432			$	(52,067,103	)		$	(735,245	)		$	11,322,990
Shares issued for conversion of convertible debt			9,500,000				708,000				-				-				-				-				708,000
Shares issued for compensation			509,442				42,218				-				(42,218	)			-				-				-
Shares issued for business combination			5,000,000				295,000				-				-				-				-				295,000
Share based compensation			-				-				10,912				-				-				-				10,912
Net loss			-				-				-				-				(5,847,365	)			-				(5,847,365	)
Foreign currency translation			-				-				-				-				-				179,950				179,950
Balance, September 30, 2024			99,343,334			$	62,130,241			$	2,964,795			$	44,214			$	(57,914,468	)		$	(555,295	)		$	6,669,487

 

		For the nine months ended September 30
Balance, January 1, 2024			5,841,045			$	49,828,942			$	3,472,444			$	97,094			$	(44,507,304	)		$	(326,596	)		$	8,564,580
Shares issued for conversion of convertible debt			87,499,099				11,332,607				-				-				-				-				11,332,607
Shares issued for compensation			854,455				115,639				-				(52,880	)			-				-				62,759
Shares issued for consulting services			142,310				27,624				-				-				-				-				27,624
Shares issued for business combination			5,000,000				295,000				-				-				-				-				295,000
Shares issued on conversion of vested prefunded warrants			6,425				530,429				(530,429	)			-				-				-				-
Share based compensation			-				-				22,780				-				-				-				22,780
Net loss			-				-				-				-				(13,407,164	)			-				(13,407,164	)
Foreign currency translation			-				-				-				-				-				(228,699	)			(228,699	)
Balance, September 30, 2024			99,343,334			$	62,130,241			$	2,964,795			$	44,214			$	(57,914,468	)		$	(555,295	)		$	6,669,487

 

 

		# of Shares*				Amount				paid-in- capital				to issue shares				Accumulated deficit				comprehensive income				shareholders’ equity
		For the three months ended September 30
		Common shares								Additional				Obligation								Accumulated other				Total
		# of Shares*				Amount				paid-in- capital				to issue shares				Accumulated deficit				comprehensive income				shareholders’ equity
Balance, July 1, 2023			454,335			$	33,086,067			$	11,478,156			$	97,837			$	(37,021,119	)		$	(331,705	)		$	7,309,236
Shares issued for conversion of convertible debt			422,104				3,013,171				-				-				-				-				3,013,171
Shares issued for compensation			31,890				205,678				-				(53,623	)			-				-				152,055
Shares issued for cash, net of issuance costs			103,177				640,096				-				-				-				-				640,096
Shares issued for consulting services			350				27,150				-				-				-				-				27,150
Shares issued on conversion of vested prefunded warrants			59,660				4,919,568				(4,919,568	)			-				-				-				-
Share based compensation			-				-				(72,056	)			-				-				-				(72,056	)
Net loss			-				-				-				-				(3,493,053	)			-				(3,493,053	)
Foreign currency translation			-				-				-				-				-				(226,286	)			(226,286	)
Balance, September 30, 2023			1,071,516			$	41,891,730			$	6,486,532			$	44,214			$	(40,514,172	)		$	(557,991	)		$	7,350,313

 

		For the nine months ended September 30
Balance, January 1, 2023			315,916			$	27,142,762			$	16,816,695			$	-			$	(32,774,094	)		$	(642,710	)		$	10,542,653
Balance			315,916			$	27,142,762			$	16,816,695			$	-			$	(32,774,094	)		$	(642,710	)		$	10,542,653
Shares issued for conversion of convertible debt			472,431				4,756,872				-				-				-				-				4,756,872
Shares issued for compensation			35,007				311,190				-				44,214				-				-				355,404
Shares issued for cash, net of issuance costs			124,652				939,695				-				-				-				-				939,695
Shares issued in private placement			20,000				204,880				-				-				-				-				204,880
Shares issued for consulting services			900				80,885				-				-				-				-				80,885
Shares issued on conversion of vested prefunded warrants			102,610				8,455,446				(8,455,446	)			-				-				-				-
Cancelled prefunded warrants			-				-				(2,085,960	)			-				-				-				(2,085,960	)
Share based compensation			-				-				211,243				-				-				-				211,243
Net loss			-				-				-				-				(7,740,078	)			-				(7,740,078	)
Foreign currency translation			-				-				-				-				-				84,719				84,719
Balance, September 30, 2023			1,071,516			$	41,891,730			$	6,486,532			$	44,214			$	(40,514,172	)		$	(557,991	)		$	7,350,313
Balance			1,071,516			$	41,891,730			$	6,486,532			$	44,214			$	(40,514,172	)		$	(557,991	)		$	7,350,313

 

*	reflects the 1:50 reverse stock split effected on October 11, 2023.

 

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Interim Financial Statements.

 

 

AGRIFORCE GROWING SYSTEMS LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

(Expressed in US Dollars)

 

		Note				2024				2023
						For the nine months ended September 30,
		Note				2024				2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period						$	(13,407,164	)		$	(7,740,078	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization							499,187				512,695
Impairment of intangible asset							4,137,271				-
Share based compensation							22,780				211,243
Shares issued for consulting services							27,624				80,885
Shares issued for compensation							62,759				355,404
Amortization of debt issuance costs							2,619,362				5,873,396
Change in fair value of derivative liabilities			12				(1,198,554	)			(6,159,067	)
Loss on debt conversion			9				1,627,858				541,730
Loss on debt extinguishment			9				2,223,250				-
Loss on disposal of fixed assets							4,252				-
Loss on long-term investment							97,488				-
Write-off of deposit							-				12,000
Changes in operating assets and liabilities:
Accounts receivable							(164	)			-
Other receivables							7,213				(25,794	)
Prepaid expenses and other current assets							(226,810	)			344,309
Inventories							(8,317	)			(38,167	)
Advance							-				(225,000	)
Accounts payable and accrued liabilities							82,610				783,725
Lease deposit asset							15,502				-
Contract liabilities							(15,336	)			23,333
Right-of-use asset							-				134,688
Lease liabilities							-				(122,894	)
Net cash used in operating activities							(3,429,189	)			(5,437,592	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of note payable							(202,093	)			-
Cash consideration paid for business combination							(153,986	)			-
Net cash used in investing activities							(356,079	)			-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common shares issued for cash			13				-				1,342,915
Share issuance costs paid			13				-				(153,220	)
Proceeds from debentures – net of discount			9				2,250,000				4,615,385
Repayment of convertible debentures			9				(802,282	)			(1,741,950	)
Financing costs of debentures			9				(84,463	)			(325,962	)
Net cash provided by financing activities							1,363,255				3,737,168
Effect of exchange rate changes on cash and cash equivalent							(83,271	)			17,669
Change in cash							(2,505,284	)			(1,682,755	)
Cash, beginning of period							3,878,578				2,269,320
Cash, end of period						$	1,373,294			$	586,565
Supplemental cash flow information:
Cash paid during the period for interest						$	53,403			$	171,818
Supplemental disclosure of non-cash investing and financing transactions
Initial fair value of debenture warrants (“Fifth Tranche Warrants”)						$	564,000				-
Initial fair value of conversion feature of debentures (“Fifth Tranche Debentures”)						$	359,000				-
Initial fair value of debenture warrants (“Sixth Tranche Warrants”)						$	242,000				-
Initial fair value of conversion feature of debentures (“Six Tranche Debentures”)						$	198,000				-
Initial fair value of debenture warrants (“Seventh Tranche Warrants”)						$	369,000				-
Initial fair value of conversion feature of debentures (“Seventh Tranche Debentures”)						$	297,000			$	-
Shares issued for conversion of convertible debt						$	11,322,607			$	4,756,872
Reclassified accrued construction in progress fees						$	-			$	39,875
Forgiveness of note payable in business combination						$	202,093			$	-
Initial fair value of contingent consideration for business combination						$	79,000			$	-
Cancellation of investment balance due to business combination						$	118,850			$	-
Conversion of prefunded warrants to equity						$	530,429			$	-
Shares issued for business combination						$	295,000			$	-

 

The accompanying notes are an integral part of these Unaudited Condensed Consolidated Interim Financial Statements.

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

For the nine months ended September 30, 2024 and 2023 (unaudited)

(Expressed in US Dollars, except where noted)

 

1. NATURE OF OPERATIONS AND BASIS OF PREPARATION

 

Business Overview

 

AgriFORCE Growing Systems Ltd. (“AgriFORCE™” or the “Company”) was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8^th Avenue, Vancouver, British Columbia, Canada, V5Z 1C6.

 

The Company is an innovative sustainable technology focused company that strives to innovate and deliver sustainable technology solutions across a wide array of verticals utilization of our proprietary intellectual property to businesses and enterprises through our AgriFORCE™ Solutions division (“Solutions”) and deliver innovative flour products through our AgriFORCE™ Brands division (“Brands”). In the third quarter of 2024, the Company bought the assets of the Radical Clean Solutions (“RCS”) business for which it had bought an exclusive license to the agricultural industry in 2023. During 2023, the Company commenced efforts to launch its UN(THINK) Awakened Flour™, which is a nutritious flour that we believe provides health advantages over traditional flour.

 

While Solutions’ legacy focus was to operate in the plant based pharmaceutical, nutraceutical, and other high value crop markets using its unique proprietary facility design and hydroponics based automated growing system that enable cultivators to effectively grow crops in a controlled environment (“FORCEGH+™”). it has changed its focus to broaden the use of its proprietary intellectual property across multiple industries. For instance, the Company through its RCS purchase is not able to utilize that technology to deliver solutions across multiple industries, including not only agriculture, but other industries including hospitality, commercial applications, education institutions, residential real estate and transportation.

 

Brands is focused on the development and commercialization of plant-based ingredients and products that deliver healthier and more nutritious solutions. We strive to market and commercialize both branded consumer product offerings and ingredient supply.

 

Basis of Presentation

 

The accompanying Unaudited Condensed Consolidated Interim Financial Statements and related financial information of AgriFORCE Growing Systems Ltd. should be read in conjunction with the audited financial statements and the related notes thereto for the years ended December 31, 2023 and 2022 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2024. These unaudited interim financial statements have been prepared in accordance with the rules and regulations of the United States Securities and SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements.

 

In the opinion of management, the accompanying interim financial statements contain all adjustments which are necessary to state fairly the Company’s financial position as of September 30, 2024 and December 31, 2023, and the results of its operations and cash flows during the nine months ended September 30, 2024 and 2023. Such adjustments are of a normal and recurring nature. The results for the nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2024, or for any future period.

 

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Liquidity and Management’s Plan

 

The Company has incurred substantial operating losses since its inception and expects to continue to incur significant operating losses for the foreseeable future. As reflected in the interim financial statements for the nine months ended September 30, 2024, the Company had a net loss of $13.4 million, $3.4 million of net cash used in operating activities, and the Company had a working capital deficiency of $1.2 million.

 

On June 24, 2024, the Company received a Staff Listing Determination Letter from Nasdaq pursuant to which the Staff has determined that as of June 21, 2024, the Company’s common shares had a per share closing bid price of $0.10 or less for ten consecutive trading days (the Company’s bid price has closed at or below $0.10 per share from June 6, 2024, through June 21, 2024). Nasdaq has granted the Company an exception to comply with the bid price rule as follows:

 

1.	On or before November 27, 2024, the Company shall obtain shareholders approval for a reverse stock split at a ratio that satisfies the minimum requirement in the Bid Price Rule;
2.	On or before December 4, 2024, the Company shall effect a reverse stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten consecutive business days;
3.	On or before December 17, 2024, the Company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions.

 

To meet these requirements, the Company is holding its previously postponed Annual Meeting of Shareholders on November 25, 2024, and assuming shareholder approval, will effect a reverse split immediately thereafter.

 

The accompanying interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The interim financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty. The Company is at the development stage of its business plan. As such it is likely that additional financing will be needed by the Company to fund its operations and to develop and commercialize its technology. These factors raise substantial doubt about the Company’s ability to continue as a going concern. For the next twelve months from issuance of these interim financial statements, the Company plans to seek to obtain additional capital through the sale of debt or equity financings or other arrangements to fund operations; however, there can be no assurance that the Company will be able to raise needed capital under acceptable terms, if at all. The sale of additional equity may dilute existing shareholders and newly issued shares may contain senior rights and preferences compared to our currently outstanding common shares. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued. Due to the uncertainty in the Company’s ability to raise capital, management believes that there is substantial doubt in the Company’s ability to continue as a going concern for twelve months from the issuance of these interim financial statements.

 

Reverse Stock Split

 

On October 11, 2023, the Company executed a one-for-fifty reverse stock split of the Company’s common shares (the “Reverse Split”). As a result of the Reverse Split, every 50 shares of the Company’s old common shares were converted into one share of the Company’s new common shares. Fractional shares resulting from the reverse split were rounded up to the nearest whole number. The Reverse Split automatically and proportionately adjusted all issued and outstanding shares of the Company’s common shares, as well as convertible debentures, convertible features, prefunded warrants, stock options and warrants outstanding at the time of the date of the Reverse Split. The exercise price on outstanding equity based-grants was proportionately increased, while the number of shares available under the Company’s equity-based plans was proportionately reduced. Share and per share data (except par value) for the periods presented reflect the effects of the Reverse Split. References to numbers of common shares and per share data in the accompanying financial statements and notes thereto for periods ended prior to October 11, 2023 have been adjusted to reflect the Reverse Split on a retroactive basis.

 

2. SIGNIFICANT ACCOUNTING POLICIES

 

Recent Accounting Pronouncements

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, as modified by the Jumpstart Our Business Start-ups Act of 2012, (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 13(a) of the Securities Exchange Act of 1934, as amended, for complying with new or revised accounting standards applicable to public companies. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.

 

In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosures.” ASU 2023-07 provides guidance to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. We are currently assessing the impact this guidance will have on our financial statements.

 

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In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 requires companies to provide enhanced rate reconciliation disclosures, including disclosure of specific categories and additional information for reconciling items. The standard also requires companies to disaggregate income taxes paid by federal, state and foreign taxes. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a retrospective or prospective basis. We are currently assessing the impact this guidance will have on our financial statements.

 

Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.

 

Inventories

 

Inventories consist of work-in-progress hydroxyl devices and finished goods of milled flour and related packaging material recorded at the lower of cost or net realizable value with the cost measured using the average cost method. Inventories includes all costs that relate to bringing the inventory to its present condition and location under normal operating conditions.

 

Revenue Recognition

 

Product revenue was limited to sales from hydroxyl generators and, we believe, will expand to include sales of our UN(THINK) Foods products in 2025. We recognize product revenue when we satisfy performance obligations by transferring control of the promised products or services to customers. Product revenue is recognized at a point in time when control of the promised good or service is transferred to the customer, which is at the point of shipment or delivery of the goods.

 

Convertible Instruments

 

The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with ASC 815, Derivatives and Hedging (“ASC 815”), which provides that if three criteria are met, the Company is required to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which;

 

(a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract;

 

(b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur; and

 

(c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.

 

ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument”. Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control or could require net cash settlement, then the contract shall be classified as an asset or a liability.

 

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Foreign Currency Transactions

 

The financial statements of the Company and its subsidiaries whose functional currencies are the local currencies are translated into USD for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, shareholders’ equity at the historical rates of exchange, and income and expense amounts at the average exchange rate for the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income” as equity in the consolidated balance sheets. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. At period end, monetary assets and liabilities are remeasured to the reporting currency using exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are remeasured at historical exchange rates. Gains and losses resulting from foreign currency transactions are included within non-operating expenses.

 

Definite Lived Intangible Assets

 

Definite lived intangible assets consist of a granted patent and intangible assets acquired from an acquisition. Amortization is computed using the straight-line method over the estimated useful life of the asset (Note 6).

 

Impairment of Long-Lived Assets

 

The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In order to determine if assets have been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (“asset group”). An impairment loss is recognized when the sum of projected undiscounted cash flows is less than the carrying value of the asset group. The measurement of the impairment loss to be recognized is based on the difference between the fair value and the carrying value of the asset group. Fair value can be determined using a market approach, income approach or cost approach. The reversal of impairment losses is prohibited.

 

Loss per Share

 

The Company presents basic and diluted loss per share data for its common shares. Basic loss per common share is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the year. The number of common shares used in the loss per shares calculation includes all outstanding common shares plus all common shares issuable for which there are no conditions to issue other than time. Diluted loss per common share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all potentially dilutive share equivalents, such as stock options and warrants and assumes the receipt of proceeds upon exercise of the dilutive securities to determine the number of shares assumed to be purchased at the average market price during the year.

 

Fair Value Accounting

 

The fair value of the Company’s accounts receivable, accounts payable and other current liabilities approximate their carrying amounts due to the relatively short maturities of these items.

 

As part of the issuance of debentures on June 30, 2022, January 17, 2023, October 18, 2023, November 30, 2023, February 21, 2024, April 11, 2024 and May 22, 2024 as well as the private placement on June 20, 2023, the Company issued warrants having strike prices denominated in USD. This creates an obligation to issue shares for a price that is not denominated in the Company’s functional currency and renders the warrants not indexed to the Company’s stock, and therefore, must be classified as a derivative liability and measured at fair value at the end of each reporting period. On the same basis, the Series A Warrants and the representative warrants issued as part of the IPO are also classified as a derivative liability and measured at fair value.

 

The fair value of the Company’s warrants is determined in accordance with FASB ASC 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets and liabilities measured at fair value be classified and disclosed in one of the following categories:

 

●	Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.

 

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●	Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
●	Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.

 

Reclassifications

 

The Company has reclassified certain share base payment expenses from Wages and salaries to Share based compensation in the 2023 consolidated statements of comprehensive loss to align with the 2024 presentation.

 

3. BUSINESS COMBINATION

 

On August 16, 2024, the Company completed the acquisition of assets of Radical Clean Solutions, Inc. (“RCS”), effectively increasing its interest from 14% to 100%, and providing the Company control over RCS. The RCS technology is a product line consisting of patent-pending “smart hydroxyl generation systems” focused on numerous industry verticals that is proven to eliminate 99.99+% of all major pathogens, virus, mold, volatile organic compounds (“VOCs”) and allergy triggers. As the Company’s investment in RCS does not have a readily determinable fair value, the Company previously elected to account for its 14% interest in RCS at cost, less impairment. The Company recognized a loss on the investment of $97,488 during the three- and nine-month periods ended September 30, 2024.

 

The acquired business did not contribute revenues or earnings to the Company for the period from August 16, 2024 to September 30, 2024. The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2023.

 SCHEDULE OF UNAUDITED PRO FORMA INFORMATION

		Pro forma nine months ended September 30, 2024				Pro forma year ended December 31, 2023
Revenue			41,315				262,991
Net loss			13,407,164				11,740,635

 

The Company did not have any material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and net loss position.

 

These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of RCS to reflect the additional amortization that would have been charged assuming the fair value adjustments to the intangible assets had been applied from August 1, 2024, with the consequential tax effects.

 

The following table summarizes the consideration transferred to acquire RCS and the amounts of identified assets acquired and liabilities assumed at the acquisition date.

 SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED

Note payable forgiven			202,093
Convertible debentures repaid on behalf of RCS			153,986
Common shares			295,000
Contingent consideration			79,000
Previously invested equity			118,850
Purchase price		$	848,929

 

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		August 16, 2024
Purchase price			848,929
Assets acquired
In-process research and development			300,000
Trademark			10,000
Brand logo			10,000
Web domain			10,000
Customer list			138,000
Device firmware and software			50,000
Blueprints			20,000
Intangible assets			20,000
Fair value of identified net assets acquired			538,000
Goodwill acquired on acquisition		$	310,929

 

The acquisition of RCS includes a contingent consideration arrangement that requires additional consideration to be paid by AgriFORCE to a previous owner of RCS who now serves as a Consultant to AgriFORCE (the “Consultant”). The Consultant is entitled to receive commissions on sales and production of RCS Units, which are payable in cash upon receipt of revenue or completed inventory by the Company. The consultant is also entitled to other manufacturing, sales and product development milestones, which are outlined below.

 

(a) Completion of wall mount design

 

(b) Completion of patent prosecution for any of the patent applications heretofore provided to Company or any new U.S. patent applications

 

(c) Execute distribution agreements for other countries or verticals

 

(d) Production of 250 RCS units

 

(e) Production of 500 RCS units

 

(f) Production of 1,000 RCS units

 

The Consultant is entitled to be awarded 25,000 restricted common shares of the Company for meeting each milestone.

 

The Consultant is also entitled to restricted stock units (“RSUs”) provided certain conditions are met.

 

As of September 30, 2024, there were no changes in the recognized amounts or range of outcomes for the contingent consideration recognized as a result of the acquisition of RCS.

 

The goodwill is attributable to the acquisition of the RCS technologies, synergies, access to their key vendors, and other non-quantifiable assets which are expected to create growth and diversification opportunities for the Company.

 

Prior to the acquisition, the Company had a preexisting relationship with RCS. The Company was a 14% investor of RCS and held a receivable of $200,000 for a secured loan note issued to RCS. As part of the acquisition terms, the receivable amount of $200,000 funded the purchase price consideration and was deemed settled.

 

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4. PREPAID EXPENSES AND OTHER CURRENT ASSETS

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS 

		September 30, 2024				December 31, 2023
Legal retainer			31,986				8,039
Prepaid expenses			280,291				223,624
Inventory advances			112,463				30,654
Others			74,942				10,555
Prepaid expenses, other current assets		$	499,682			$	272,872

 

During the nine months ended September 30, 2023, the Company wrote off a non-refundable deposit amounting to $12,000 which was related to a land purchase agreement.

 

5. INVENTORIES

 

As at September 30, 2024, the Company had $47,174 in work-in-progress inventory (December 31, 2023 – $38,857 in finished goods).

 

6. INTANGIBLE ASSETS

 

Intangible assets include $7,832,200 (December 31, 2023 - $12,733,885) for intellectual property (“Manna IP”) acquired under an asset purchase agreement with Manna Nutritional Group, LLC (“Manna”) dated September 10, 2021. The Manna IP encompasses patented technologies to naturally process and convert grains, pulses, and root vegetables, into low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners, and baking enhancers. The Company paid $1,475,000 in cash and issued 147,600 prefunded warrants valued at $12,106,677 (the “Purchase Price”). Subject to a 9.99% blocker and SEC Rule 144 restrictions, the prefunded warrants vested in tranches up until March 10, 2024, at which time all tranches were fully vested. When vested the tranches of prefunded warrants became convertible into an equal number of common shares.

 

On January 3, 2023, Manna satisfied all of its contractual obligations when the patent was approved by the US Patent and Trademark Office and the title was transferred to the Company. During the year ended December 31, 2023, the Company issued 141,175 shares in relation to this transaction. As at September 30, 2024 all prefunded warrants had been converted (December 31, 2023 - 6,425 unconverted prefunded warrants).

 

Based on the terms above and in conformity with US GAAP, the Company accounted for purchase as an asset acquisition. The asset was available for use on January 3, 2023. The asset has a useful life of 20 years. The Company recorded $488,752 in amortization expense related to the Manna IP for the nine months ended September 30, 2024 (September 30, 2023 - $492,220).

 

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As at September 30, 2024, the Company determined that there was an indicator of impairment for the intangible assets due to the significant decline in the Company’s stock price as at September 30, 2024. As a result, the Company performed an interim intangible impairment test and determined that the fair value of the intangible asset was $7,832,200 based on an income approach using the Company’s estimated discounted cashflows. For valuing the Manna IP, the Company used the following assumption: discount rate 28%. The Company recorded an asset impairment loss of $4,137,271 in operating expenses.

 

The Company acquired intangible assets from RCS as part of the business combination (Note 3). The following intangible assets were acquired from RCS:

SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS

		Weighted Average Useful Life (Years)
In-process research and development		Term of the patent			300,000
Trademark		10			10,000
Brand logo		10			10,000
Web domain		5			10,000
Customer list		5			138,000
Device firmware and software		5			50,000
RCS blueprints		5			20,000
Identified assets acquired, goodwill and liabilities assumed				$	538,000

 

The estimated annual amortization expense for the next five years are as follows:

SCHEDULE OF FUTURE AMORTIZATION EXPENSE 

Period ending:		Amount
Remaining 2024		$	159,312
2025			656,174
2026			656,174
2027			656,174
2028			656,174
2029			639,643
Thereafter			4,946,772
Total		$	8,370,423

 

7. INVESTMENT

 

On June 18, 2023, the Company signed a memorandum of understanding with Radical Clean Solutions Ltd. (“RCS”) to purchase common shares issued by RCS. The Company paid RCS $225,000 for 14% of the issued and outstanding common shares of the Company. Under the terms of the MOU, the use of proceeds is exclusively for the advance purchase of hydroxyls generating devices for commercial sales into controlled environment agriculture, food manufacturing, warehousing and transportation verticals. The Company was to receive one of five board of director seats of RCS and had a right of first refusal to maintain an ownership percentage in RCS of not less than 10% of the total issued and outstanding common shares. On October 1, 2023 the Company and RCS signed a definitive agreement to convert the advance into a 14% ownership investment in RCS.

 

On August 16, 2024, the Company acquired the assets of RCS as part of a business combination. The investment in RCS was accounted for as part of the step-acquisition accounting (Note 3). As at September 30, 2024, the carrying value of the investment in RCS was $nil (December 31, 2023 - $223,801).

 

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8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES 

		September 30, 2024				December 31, 2023
Accounts payable		$	612,070			$	578,128
Accrued expenses			962,496				868,451
Others			450,055				495,432
Accounts payable and accrued liabilities		$	2,024,621			$	1,942,011

 

9. DEBENTURES

 

On June 30, 2022, the Company executed the definitive agreements (the “Purchase Agreements”) with arm’s length accredited institutional investors (the “Investors”) for $14,025,000 in debentures with a 10% original issue discount for gross proceeds of $12,750,000 (“First Tranche Debentures”). The First Tranche Debentures were convertible into common shares at $111.00 per share. In addition, the Investors received 82,129 warrants at a strike price of $122.10, which expire on December 31, 2025 (the “First Tranche Warrants”). The First Tranche Warrants and First Tranche Debentures each have down round provisions whereby the conversion and strike prices will be adjusted downward if the Company issues equity instruments at lower prices. The First Tranche Warrants strike price and the First Tranche Debenture conversion price will be adjusted down to the effective conversion price of the issued equity instruments. The transaction costs incurred in relation to first tranche were $1,634,894. The Debentures are senior to all other indebtedness or claims in right of payment, other than indebtedness secured by purchase money security interested.

 

The Investors had the right to purchase additional tranches of $5,000,000 each, up to a total additional principal amount of $33,000,000.

 

On January 17, 2023, the Investors purchased additional debentures totaling $5,076,923 with a 10% original issue discount for gross proceeds of $4,615,385 (the “Second Tranche Debenture”). The Second Tranche Debentures were convertible into common shares at $62.00 per share and the Investors received an additional 53,226 warrants at a strike price of $62.00, which expire on December 31, 2025 (the “Second Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First Tranche Debentures and the First Tranche Warrants to $62.00. The transaction costs incurred in relation to second tranche were $325,962.

 

On June 26, 2023, the Company entered into waiver and amendment agreements (“Debenture Modification Agreements”) with the Investors to modify terms of the Purchase Agreements. The Debenture Modification Agreements provide as follows:

 

	1.	The July 1, 2023 interest and principal payments will be settled with the Company’s Common Shares
	2.	The Conversion Price has been reduced to the lower of $22.50 or the price of subsequent dilutive issuances under the Company’s ATM program.
	3.	100% of ATM proceeds up to $1 million USD may be kept by Company, while any dollar amount over this threshold will be distributed 33% to the Company and 67% to the Investors.
	4.	The minimum tranche value for Additional Closings has been reduced from $5.0 million to $2.5 million.
	5.	The Investors have each agreed to raise no objection to one or more private placements of securities by the Company with an aggregate purchase price of up to $1,000,000 at a purchase price of at least $12.50 per common share and two-year warrant (with a per share exercise price of $25.00, and no registration rights).
	6.	The Company may not prepay any portion of the principal amount of this Debenture without the prior written consent of the Investor; However the Company must apply the approved or percentage of approved gross proceeds from the sale of its Common Stock from an at-the-market offering to prepay this Debenture (pro-rated among all Debentures) and shall be permitted to prepay the Debentures notwithstanding any contrary provision of this Debenture or the Purchase Agreement.

 

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On August 9, 2023, the Company entered into another waiver and amendment agreement (“Agreement”) with the Investors with respect to a certain Senior Convertible Debenture (the “Debentures”) due July 17, 2025 issued by the Company to that Investor. The Agreement provides as follows:

 

	1.	The Company wishes to make Monthly Redemptions in shares of the Company’s Common Stock in lieu of cash payments, until further written notice from the Company to the Purchaser.
	2.	The Purchaser is willing to accept such shares as payment of the Monthly Redemption Amount provided that the Equity Conditions are met; and will consider on a case-by-case basis accepting payments in shares of Common Stock if the Equity Conditions are not met, at its sole discretion. The Company may inquire of the Purchaser at least five (5) Trading Days prior to a Monthly Redemption Date whether the Purchaser is willing to accept Shares without the Equity Conditions having been met. An email reply from the Purchaser shall be sufficient evidence of such monthly waiver.
	3.	The Purchaser will accept the August 1, 2023 Monthly Redemption Amount in shares of Common Stock valued at the August 1 Repayment Price for such date.

 

On October 18, 2023, the Investors purchased additional debentures totaling $2,750,000 with a 10% original issue discount for gross proceeds of $2,500,000 (the “Third Tranche Debenture”). The Third Tranche Debentures were convertible into common shares at $2.62 per share and the Investors received an additional 620,230 warrants at a strike price of $2.62, which expire on April 18, 2027 (the “Third Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First and Second Tranche Debentures and the First and Second Tranche Warrants to $2.62. The transaction costs incurred in relation to third tranche were $31,915.

 

On November 30, 2023, the Investors purchased additional debentures totaling $2,750,000 with a 10% original issue discount for gross proceeds of $2,500,000 (the “Fourth Tranche Debenture”). The Fourth Tranche Debentures were convertible into common shares at $0.90 per share and the Investors received an additional 1,986,112 warrants at a strike price of $0.90, which expire on May 30, 2027 (the “Fourth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second and Third Tranche Debentures and the First, Second and Third Tranche Warrants to $0.90. The transaction costs incurred in relation to fourth tranche were $30,040.

 

On February 21, 2024, the Investors purchased additional debentures totaling $1,100,000 with a 10% original issue discount for gross proceeds of $1,000,000 (the “Fifth Tranche Debenture”). The Fifth Tranche Debentures were convertible into common shares at $0.214 per share and the Investors received an additional 3,341,122 warrants at a strike price of $0.2354, which expire on August 21, 2027 (the “Fifth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third and Fourth Tranche Debentures and the First, Second, Third and Fourth Tranche Warrants to $0.214. The transaction costs incurred in relation to fifth tranche were $50,000.

 

On April 11, 2024, the Investors purchased additional debentures totaling $550,000 with a 10% original issue discount for gross proceeds of $500,000 (the “Sixth Tranche Debenture”). The Sixth Tranche Debentures were convertible into common shares at $0.163 per share and the Investors received an additional 2,193,253 warrants at a strike price of $0.18, which expire on October 11, 2027 (the “Sixth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth and Fifth Tranche Debentures and Warrants to $0.163. The transaction costs incurred in relation to sixth tranche were $31,309.

 

On May 22, 2024, the Investors purchased additional debentures totaling $833,000 with a 10% original issue discount for gross proceeds of $750,000 (the “Seventh Tranche Debenture”). The Seventh Tranche Debentures were convertible into common shares at $0.10 per share and the Investors received an additional 5,414,500 warrants at a strike price of $0.11, which expire on November 22, 2027 (the “Fifth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth, Fifth and Sixth Tranche Debentures and the First, Second, Third, Fourth, Fifth and Sixth Tranche Warrants to $0.10. The transaction costs incurred in relation to seventh tranche were $3,154.

 

During the nine months ended September 30, 2024, the Investors converted the full principal balance of the Third, Sixth and Seventh Tranche Debenture which resulted in extinguishments of the existing debts (see below).

 

The First, Second, Third, Fourth, Fifth, Sixth and Seventh Tranche Debentures (the “Debentures”) have an interest rate of 5% for the first 12 months, 6% for the subsequent 12 months, and 8% per annum thereafter. Principal repayments will be made in 25 equal installments which began on September 1, 2022 for the First Tranche Debentures, July 1, 2023 for the Second Tranche Debentures, January 1, 2024 for the Third Tranche Debentures, May 1, 2024 for the Fourth Tranche Debentures, August 1, 2024 for the Fifth Tranche Debentures, October 1, 2024 for the Sixth Tranche Debentures and November 1, 2024 for the Seventh Tranche Debentures. The Debentures may be extended by nine months at the election of the Company by paying a sum equal to nine months’ interest on the principal amount outstanding at the end of the 18^th month, at the rate of 8% per annum.

 

18

 

The following table summarizes our outstanding debentures as of the dates indicated:

SCHEDULE OF OUTSTANDING DEBENTURES 

		Maturity			Cash Interest Rate				September 30, 2024				December 31, 2023
Principal (First Tranche Debentures)		12/31/2024				5.00% - 8.00	%		$	25,000			$	3,029,676
Principal (Second Tranche Debentures)		07/17/2025				5.00% - 8.00	%			25,000				2,940,461
Principal (Third Tranche Debentures)		04/18/2026				5.00% - 8.00	%			-				2,750,000
Principal (Fourth Tranche Debentures)		06/01/2026				5.00% - 8.00	%			1,698,500				2,750,000
Principal (Fifth Tranche Debentures)		08/20/2026				5.00% - 8.00	%			450,000				-
Debentures (gross)		08/20/2026				5.00% - 8.00	%			450,000				-
Debt issuance costs and discounts (Note 9 & 12)										(1,104,593	)			(7,385,494	)
Total Debentures (current)									$	1,093,907			$	4,084,643

 

During the nine months ended September 30, 2024, the Investors converted $10,952,357 of principal (September 30, 2023 – $3,734,631) and $196,802 of interest (September 30, 2023 - $305,175) into shares of the Company resulting in a $1,627,858 (September 30, 2023 - $541,730) loss on the conversion of convertible debentures. During the nine months ended September 30, 2024, the Company incurred $2,672,765 (September 30, 2023 - $6,045,214) in accretion interest and made 802,282 of cash repayments (September 30, 2023 - $1,741,950).

 

During the nine months ended September 30, 2024, the Investors converted $5,867,932 of the First, Second, Third, Fifth, Sixth and Seventh Tranche Debentures into 46,513,613 shares of the Company. The conversions were determined to be an extinguishment of the existing debt and issuance of new debt for the remaining First and Second Tranches. As a result, the Company recorded a loss on debt extinguishment in the amount of $2,223,250. During the nine months ended September 30, 2023 there were no debt extinguishments incurred.

 

10. CONTRACT BALANCES

 

As at September 30, 2024, contract balances consisted of $nil advance payments for product sales not yet delivered, which are recognized as a contract liability (December 31, 2023 - $15,336).

 

11. LONG TERM LOAN

 

During the year ended December 31, 2020, the Company entered into a loan agreement with Alterna Bank for a principal amount of $29,632 (CAD$40,000) (December 31, 2023 - $30,243 (CAD$40,000)) under the Canada Emergency Business Account Program (the “Program”).

 

The Program, as set out by the Government of Canada, requires that the funds from this loan shall only be used by the Company to pay non-deferrable operating expenses including, without limitation, payroll, rent, utilities, insurance, property tax and regularly scheduled debt service, and may not be used to fund any payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation.

 

In April 2021, the Company applied for an additional loan with Alterna Bank under the Program and received $14,816 (CAD$20,000) (December 31, 2023 - $15,122 (CAD$20,000)). The expansion loan is subject to the original terms and conditions of the Program.

 

The loan was interest free for an initial term that ended on January 18, 2024. Any outstanding loan after initial term carries an interest rate of 5% per annum, payable monthly during the extended term i.e. January 19, 2024 to December 31, 2025. The loan is due December 31, 2026.

 

The balance as at September 30, 2024 was $44,448 (CAD $60,000) (December 31, 2023 was $45,365 (CAD $60,000)).

 

12. DERIVATIVE LIABILITIES

 

Warrant Liabilities

 

As at September 30, 2024, the Warrant Liabilities represent aggregate fair value of 20,000 warrants issued in a private placement (“Private Placement Warrants”), 82,129 First Tranche Warrants, 53,226 Second Tranche Warrants, 620,230 Third Tranche Warrants, 1,986,112 Fourth Tranche Warrants, 3,341,122 Fifth Tranche Warrants, 2,193,253 Sixth Tranche Warrants and 5,414,500 Seventh Tranche Warrants (“Debenture Warrants”).

 

As of July 16, 2024, 64,486 Company warrants issued as part of its IPO expired which consisted of publicly traded 61,765 Series A warrants (“IPO Warrants”) and 2,721 representative’s warrants (“Rep Warrants”). The expiry resulted in a gain on extinguishment of warrant liability of $14,769.

 

19

 

The fair value of the Private Placement Warrants amounted to $23 (December 31, 2023 - $11,308 including IPO and Rep Warrants). As at September 30, 2024 the Company utilized the Black-Scholes option-pricing model for the IPO Warrants, Rep Warrants and Private Placement Warrants and used the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100% (December 31, 2023 – 105% to 117%), risk free rate of return 3.82 (December 31, 2023 – 3.67% to 3.88%), and expected term of 1 year (December 31, 2023 – expected term of 1.50 to 3 years).

 

As at September 30, 2024 the First Tranche Warrants had a fair value that amounted to $2,000 (December 31, 2023 - $24,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the First Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 105% (December 31, 2023 – 100.0%), risk free rate of return 3.90% (December 31, 2023 – 4.23%), and expected term of 1.25 years (December 31, 2023 – expected term of 2 years).

 

As at September 30, 2024 the Second Tranche Warrants had a fair value that amounted to $2,000 (December 31, 2023 - $15,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Second Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 105.0% (December 31, 2023 – 105.0%), risk free rate of return 3.72% (December 31, 2023 – 4.12%), and expected term of 1.80 years (December 31, 2023 – expected term of 2.55 years).

 

As at September 30, 2024 the Third Tranche Warrants had a fair value that amounted to $19,000 (December 31, 2023 - $192,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Third Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.62% (December 31, 2023 – 3.98%), and expected term of 2.55 years (December 31, 2023 – expected term of 3.30 years).

 

As at September 30, 2024 the Fourth Tranche Warrants had a fair value that amounted to $60,000 (December 31, 2023 - $724,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fourth Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.61% (December 31, 2023 – 3.97%), and expected term of 2.67 years (December 31, 2023 – expected term of 3.42 years).

 

As at September 30, 2024 the Fifth Tranche Warrants had a fair value that amounted to $111,000 (February 21, 2024 - $564,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (February 21, 2024 - $0.21), dividend yield – nil (February 21, 2024 – nil), expected volatility 95.0% (February 21, 2024 – 105.0%), risk free rate of return 3.59% (February 21, 2024 – 4.40%), and expected term of 2.89 years (February 21, 2024 – expected term of 3.50 years).

 

As at September 30, 2024 the Sixth Tranche Warrants had a fair value that amounted to $73,000 (April 11, 2024 - $242,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (April 11, 2024 – $0.16), dividend yield – nil (April 11, 2024 – nil), expected volatility 95.0% (April 11, 2024 – 95.0%), risk free rate of return 3.58% (April 11, 2024 – 4.73%), and expected term of 3.03 years (April 11, 2024 – expected term of 3.50 years).

 

As at September 30, 2024 the Seventh Tranche Warrants had a fair value that amounted to $170,000 (May 22, 2024 - $369,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (May 22, 2024 – $0.10), dividend yield – nil (May 22, 2024 – nil), expected volatility 95.0% (May 22, 2024 – 95.0%), risk free rate of return 3.58% (May 22, 2024 – 4.60%), and expected term of 3.14 years (May 22, 2024 – expected term of 3.50 years).

 

Debenture Convertible Feature

 

As at September 30, 2024 the fair value of the First Tranche Debentures’ convertible feature amounted to $3,000 (December 31, 2023 – $164,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 100.0%), risk free rate of return 3.82% (December 31, 2023 – 5.03%), discount rate 12.25% (December 31, 2023 – 17.50%), and expected term of 0.15 year (December 31, 2023 – 1 year).

 

As at September 30, 2024 the fair value of the Second Tranche Debentures’ convertible feature amounted to $2,500 (December 31, 2023 – $429,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 – $0.47), dividend yield – nil December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 105.0%), risk free rate of return 3.82 (December 31, 2023 – 4.51%), discount rate 12.25 % (December 31, 2023 – 17.50%), and expected term of 0.15 years (December 31, 2023 – 1.55 years).

 

20

 

As at September 30, 2024 the fair value of the Fourth Tranche Debentures’ convertible feature amounted to $317,000 (December 31, 2023 – $640,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.82% (December 31, 2023 – 4.12%), discount rate 12.25 (December 31, 2023 – 17.25%), and expected term of 1.67 years (December 31, 2023 – 2.42 years).

 

As at September 30, 2024 the fair value of the Fifth Tranche Debentures’ convertible feature amounted to $92,000 (February 21, 2024 - $359,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (February 21, 2024 – $0.21), dividend yield – nil (February 21, 2024 – nil), expected volatility 95.0% (February 21, 2024 – 105.0%), risk free rate of return 3.66% (February 21, 2024 – 4.54%), discount rate 12.25% (February 21, 2024 – 16.00%), and expected term of 1.89 years (February 21, 2024 – 2.50 years).

 

During the nine months ended September 30, 2024, the Investors converted the full principal balance of the Third, Sixth and Seventh Tranche Debenture which resulted in an extinguishment of the existing debt and convertible feature. On March 31, 2024, the fair value of the Third Tranche Debentures’ convertible feature amounted to $618,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.18, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.59%, discount rate 18.00%, and expected term of 2.05 years. On April 11, 2024, the fair value of the Sixth Tranche Debentures’ convertible feature amounted to $198,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.16, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.85%, discount rate 19.00%, and expected term of 2.50 years. On May 22, 2024, the fair value of the Seventh Tranche Debentures’ convertible feature amounted to $297,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.10, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.75%, discount rate 19.00%, and expected term of 2.50 years.

 

The IPO Warrants, Rep Warrants, and Private Placement Warrants (the “Equity Warrants”) are classified as Level 1 financial instruments, while the Debenture Warrants and Debenture Convertible Feature are classified as Level 3 financial instruments.

 

Changes in the fair value of the Company’s financial instruments for the nine months ended September 30, 2024 and 2023 were as follows:

SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS 

		Level 1				Level 3				Level 3
		IPO and Rep Warrants				Debenture Warrants				Debenture Convertible Feature				Total
Balance at January 1, 2024		$	11,308			$	955,000			$	1,724,000			$	2,690,308
Additions			-				1,175,000				854,000				2,029,000
Conversions			-				-				(2,572,123	)			(2,572,123	)
Expiries			(14,769	)			-				-				(14,769	)
Change in fair value			4,102				(1,669,763	)			467,106				(1,198,555	)
Effect of exchange rate changes			(617	)			(23,237	)			(55,985	)			(79,839	)
Balance at September 30, 2024		$	24			$	437,000			$	416,998			$	854,022

 

		Level 1				Level 3				Level 3
		Equity Warrants				Debenture Warrants				Debenture Convertible Feature				Total
Balance at January 1, 2023		$	275,115			$	2,917,000			$	1,457,000			$	4,649,115
Balance		$	275,115			$	2,917,000			$	1,457,000			$	4,649,115
Additions			45,120				2,378,000				1,599,000				4,022,120
Conversions			-				-				(529,340	)			(529,340	)
Change in fair value			(259,123	)			(4,960,112	)			(939,832	)			(6,159,067	)
Effect of exchange rate changes			5,456				(25,888	)			(3,828	)			(24,260	)
Balance at September 30, 2023		$	66,568			$	309,000			$	1,583,000			$	1,958,568
Balance		$	66,568			$	309,000			$	1,583,000			$	1,958,568

 

Due to the expiry date of the warrants and conversion feature being greater than one year, the liabilities have been classified as non-current.

 

21

 

13. SHARE CAPITAL

 

On June 17, 2024 the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements. As at September 30, 2024, no shares have been repurchased under the Repurchase Program.

 

As at September 30, 2024, the Company owed $44,214 worth of stock-based compensation to a former officer of the Company. The balance issuable was classified as an Obligation to issue shares.

 

Basic and diluted net loss per share represents the loss attributable to shareholders divided by the weighted average number of shares and prefunded warrants outstanding during the period on an as converted basis.

 

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares):

SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE 

		September 30, 2024				September 30, 2023
Warrants			13,761,493				270,762
Options			61,567				76,185
Convertible debentures			22,890,431				2,020,390
Total anti-dilutive weighted average shares			36,713,491				2,367,337

 

14. REVENUE

 

For the nine months ended September 30, 2024, the Company sold hydroxyl generating devices. The Company’s revenue from the hydroxyl generating devices sales are as follows:

SCHEDULE OF REVENUE 

		September 30, 2024				September 30, 2023
QuadPro devices		$	41,315			$	-
Total Revenues		$	41,315			$	-

 

15. LEASES

 

The components of lease expenses were as follows:

SCHEDULE OF LEASE EXPENSES 

		Nine months ended September 30, 2024				Nine months ended September 30, 2023
Operating lease cost		$	-			$	219,018
Short-term lease cost			59,358				3,517
Total lease expenses		$	59,358			$	222,535

 

On March 31, 2024, the Company terminated its short-term office lease.

 

16. COMMITMENTS AND CONTINGENCIES

 

Debenture principal repayments

 

The following table summarizes the future principal payments related to our outstanding debt as of September 30, 2024:

SCHEDULE OF FUTURE PRINCIPAL PAYMENTS OUTSTANDING DEBT 

Remaining 2024		$	798,000
2025			1,400,500
Long Term Debt		$	2,198,500

 

22

 

Contingencies

 

Litigation

 

On August 11, 2023, AgriFORCE’s former CEO, Ingo Wilhelm Mueller filed a Notice of Civil Claim in which he alleges that AgriFORCE wrongfully terminated his employment without notice, in breach of the parties’ underlying employment agreement. Mr. Mueller alleges to have suffered damages including, among other things, a loss of base salary of $473,367 CAD per annum and damages from not receiving common stock of AgriFORCE equivalent in value to $468,313 CAD. AgriFORCE’s position is that Mr. Mueller was terminated for ‘just cause’ because he breached his fiduciary duty to act in AgriFORCE’s best interest by, among other things, submitting a sizeable bid for the acquisition of a company without first obtaining Board approval. In doing so, Mr. Mueller misrepresented AgriFORCE’s financial standing and forged, or instructed others to forge, a document by affixing the electronic signature of AgriFORCE’s CFO.

 

As at December 31, 2023, the parties were in the discovery stage of litigation. AgriFORCE has produced relevant documents to Mr. Mueller, and is awaiting Mr. Mueller’s production of relevant documents. The parties are also in the process of scheduling examinations for discovery. Management is instructing counsel to advance the matter given the relative strength of AgriFORCE’s case.

 

The likelihood of an unfavorable outcome is relatively low given the facts supporting AgriFORCE’s ‘for cause’ termination of Mr. Mueller as well as the significant expense that Mr. Mueller would have to incur to advance this matter to trial.

 

On September 13, 2023, Stronghold filed a Complaint with the Superior Court of California for Breach of Contract; Breach of the Covenant of Good Faith and Fair Dealing; and Common Count: Goods and Services Rendered in relation to the purchase and sale agreement for the Coachella property. Stronghold alleges that AgriFORCE breached the PSA by failing to deposit certain stocks certificates into Escrow, failing to pay amounts owed for its costs incurred in connection with the Sellers Work, and for terminating the PSA despite Stronghold’s performance of the Sellers Work. Stronghold is claiming $451,684 plus interest in damages based on invoices it provided. AgriFORCE will dispute, among other things, the amount and invoices, estimating approximately $230,000 as Stronghold’s true expenses that may be claimed. The Company filed their answer on February 26, 2024. The parties have agreed to go into mediation.

 

On March 27, 2024, BV Peeters Advocaten-Avocats (“Peeters”) summoned the Company to appear on May 31, 2024 at the First Chamber of the Dutch-Speaking Division of the Business Court in Brussels. Peeters is seeking payment for €467,249 of unpaid bills for legal services plus penalties and interest. The Company believes that Peeters performed actions that were not in the Company’s best interest. The Company does not intend to pay the outstanding legal bills and intends to vigorously defend its position in court. The parties have agreed to go into mediation.

 

On July 11, 2024, AgriFORCE’s former General Counsel filed a Notice of Civil Claim with the Supreme Court of British Columbia, in which he alleges that AgriFORCE wrongfully terminated his employment without notice, in breach of the parties’ underlying employment agreement. Former General Counsel alleges to have suffered damages including, among other things, a loss of base salary of $250,000 CAD per annum, damages from not receiving common stock of AgriFORCE equivalent in value to $62,500 CAD, and damages from not receiving entitlement to the Company’s short-term incentive bonus of $90,563 CAD and participation in the Company’s long-term incentive stock option program, and participation in the Company’s Group Benefits plan. The Company filed a response to the claim on August 2, 2024. AgriFORCE’s position is that General Counsel was terminated for ‘just cause’. The likelihood of an unfavorable outcome cannot be determined at this time but the Company will vigorously defend its position in court.

 

17. SUBSEQUENT EVENTS

 

The Company evaluated subsequent events through November 19, 2024, the date on which these interim financial statements were issued, to ensure that this filing includes appropriate disclosure of events both recognized in the interim financial statements as of and subsequent to September 30, 2024, but were not recognized in the interim financial statements. Except as disclosed below, there were no events that required recognition, adjustment or disclosure in the financial statements.

 

From October 1, 2024 through November 19, 2024, the Company issued 2,000,000 common shares upon conversion of convertible debt and conversion of convertible debt in lieu of repayment in cash (principal of $200,000).

 

From October 1, 2024 through November 19, 2024, the Company issued shares for cash under its at-the-market offering (“ATM”). In total 37,686,239 shares were issued for gross proceeds of $2,116,741.

 

On October 15, 2024, the Company completed a private placement issuing 16,000,000 common shares for gross proceeds of $800,000.

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Prospective investors should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this Annual Report. Some of the information contained in this discussion and analysis or set forth elsewhere in this Annual Report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. See “Cautionary Note Regarding Forward-Looking Statements.” You should review the “Risk Factors” section of this Annual Report for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

 

Company History and Our Business

 

Overview

 

AgriFORCE™ was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8^th Avenue, Vancouver, BC, Canada, V5Z 1C6.

 

Our Business

 

AgriFORCE Growing Systems Ltd. (“AgriFORCE™” or the “Company”) was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8^th Avenue, Vancouver, British Columbia, Canada, V5Z 1C6.

 

The Company is an innovative sustainable technology focused company that strives to innovate and deliver sustainable technology solutions across a wide array of verticals utilization of our proprietary intellectual property to businesses and enterprises through our AgriFORCE™ Solutions division (“Solutions”) and deliver innovative flour products through our AgriFORCE™ Brands division (“Brands”). To this end, we announce the next phase of our transition, highlighted by the intended integration of Bitcoin mining solutions and the ancillary environmental and power-generation benefits that result from engaging in that business. We recognize the potential of Bitcoin and other digital currencies in facilitating sustainable financial transactions and intend to utilize 10-20% of our future capital raised to purchase and hold Bitcoin. In the third quarter of 2024, the Company bought the assets of the Radical Clean Solutions (“RCS”) business for which it had bought an exclusive license to the agricultural industry in 2023. During 2023, the Company launched its UN(THINK) Awakened Flour™, which is a nutritious flour that we believe provides health advantages over traditional flour.

 

While Solutions’ legacy focus was to operate in the plant based pharmaceutical, nutraceutical, and other high value crop markets using its unique proprietary facility design and hydroponics based automated growing system that enable cultivators to effectively grow crops in a controlled environment (“FORCEGH+™”). it has changed its focus to broaden the use of its proprietary intellectual property across multiple industries. For instance, the Company through its RCS purchase is not able to utilize that technology to deliver solutions across multiple industries, including not only agriculture, but other industries including hospitality, commercial applications, education institutions, residential real estate and transportation.

 

Brands is focused on the development and commercialization of plant-based ingredients and products that deliver healthier and more nutritious solutions. We strive to market and commercialize both branded consumer product offerings and ingredient supply.

 

AgriFORCE™ Brands

 

UN(THINK)™ Foods

 

The Company purchased Intellectual Property (“IP”) from Manna Nutritional Group, LLC (“Manna”), a privately held firm based in Boise, Idaho on September 10, 2021. The IP encompasses a granted patent to naturally process and convert grain, pulses and root vegetables, resulting in low-starch, low-sugar, high-protein, fiber-rich baking flour as well as produces a natural sweetener juice. The core process is covered under Patent Nr. 11,540,538 in the U.S. and key international markets. The all-natural process is designed to unlock nutritional properties, flavors, and other qualities in a range of modern, ancient and heritage grains, pulses and root vegetables to create specialized all-natural baking and all-purpose flours, sweeteners, juices, naturally sweet cereals and other valuation products, providing numerous opportunities for dietary nutritional, performance and culinary applications.

 

During the year ended December 31, 2023, the Company has achieved milestones towards the commercialization of our UN(THINK) Awakened Flour™ flour, the Company’s first line of products to utilize the IP. Management has defined and tested its quality controls and safety protocols for production, and produced several multi-ton batches of germinated grains, refining and scaling production processes with our partners in Canada. We are also in the process of qualifying partners in the US to establish additional production hubs – at no additional CAPEX - which will support growth and reduce logistics costs for customers in the region. Additionally, we have established our supply chain logistics with a contracted shipping company and two warehouses in Canada and the US. Our commercial team made progress in defining pricing and is starting to approach US and Canadian Bakeries and Baked Goods Companies who are now testing our new flours for integration into their manufacturing operations and innovation pipeline. Online sales logistics and advertising materials were developed during the period to support the establishment of the direct-to-consumer sales channel which will be started once the Business to Business channel sales will ramp up. Lastly, the Company has developed an extensive number of recipes for the application of Awakened Flour™ product line for both customers and consumers.

 

 

Wheat and Flour Market

 

Modern diet is believed to be a contributor to health risks such as heart disease, cancer, diabetes and obesity, due in part to the consumption of highly processed foods that are low in natural fiber, protein and nutrition; and extremely high in simple starch, sugar and calories. These “empty carbs” produce glycemic swings that may cause overeating by triggering cravings for food high in sugar, salt and starch. As an example, conventional baking flour is low in natural fiber (~ 2-3%), low-to-average in protein (~ 9%), and very high in starch (~ 75%)⁽¹⁾. Apart from dietary fiber, whole flour is only marginally better in terms of these macronutrients ⁽²⁾.

 

In contrast, foods high in fiber help to satiate hunger, suppress cravings and raise metabolism⁽³⁾. They also assist in weight loss, lower cholesterol, and may reduce the risk of cancer, heart disease and diabetes⁽⁴⁾.

 

Advantages of the UN(THINK)™ Foods IP

 

Our Controlled Enzymatic Reaction & Endothermic Saccharification with Managed Natural Germination (“CERES-MNG”) patented process allows for the development and manufacturing of all-natural flours that are significantly higher in fibers, nutrients and proteins and significantly lower in carbohydrates and calories than standard baking flour.

 

CERES-MNG baking flour produced from soft white wheat has 40 times more fiber, three (3) times more protein and 75% less net carbohydrates than regular all- purpose flour⁽⁵⁾.

 

 

Source: Independent analysis by Eurofins Food Chemistry Testing Madison, Inc, February 2022

 

The CERES-MNG patent will help develop new flours and products from modern, ancient and heritage grains, seeds, legumes and tubers/root vegetables.

 

Products that AgriFORCE™ intends to develop for commercialization from the CERES-MNG patented process under the UN(THINK)™ foods brand:

 

	-	High protein, high fiber, low carb modern, heritage and ancient grain flours (for use in breads, baked goods, doughs, pastry, snacks, and pasta)
	-	Protein flours and protein additives
	-	High protein, high fiber, low carb cereals and snacks
	-	High protein, high fiber, low carb oat based dairy alternatives
	-	Better tasting, cleaner label, high protein, high fiber, low carb nutrition bars
	-	High protein, high fiber, low carb nutrition juices
	-	Sweeteners – liquid and granulated
	-	High protein, high fiber, low carb pet foods and snacks

 

(1) Based on protein, fiber, and starch content results from a nationally certified independent laboratory, as compared to standard all-purpose flour.

(2) https://www.soupersage.com/compare-nutrition/flour-vs-whole-wheat-flour

(3) https://my.clevelandclinic.org/health/articles/14400-improving-your-health-with-fiber

(4) https://www.health.harvard.edu/blog/fiber-full-eating-for-better-health-and-lower-cholesterol-2019062416819

(5) Based on protein, fiber, and starch content results from a nationally certified independent laboratory, as compared to standard all-purpose flour.

 

 

We intend to commercialize these products behind two (2) main sales channels:

 

	-	Branded ingredients (B2B)
	-	Consumer branded products (B2B and B2C)

 

To produce the UN(THINK)™ power wheat flour, we are using our patented process to develop a new germinated whole grain wheat flour, which we have qualified and made available for sale through November 2023 in Canada and the USA, under the UN(THINK)™ Awakened Flour™ brand. This new Awakened Grains™ flour – available in 3 types: hard white wheat and hard red wheat for breads and soft white wheat for bakery and pastries – will provide enhanced nutrition with over five times more fiber, up to two times more protein and 23% less net carbs versus conventional all-purpose flour (source: Eurofins Food Chemistry Madison, Inc, December 2022).

 

GROWTH PLAN

 

AgriFORCE™’s organic growth plan is to actively establish and deploy the commercialization of products in four distinct phases:

 

PHASE 1 (COMPLETED):

 

	●	Product and process testing and validation. (completed)
	●	Filing of US and international patents. (completed)
	●	Creation of the UN(THINK)™ foods brand. (completed)
	●	Qualification and operational and commercial set up of the Awakened Grains™ line of products. (completed)

 

PHASE 2:

 

	●	Launch of the UN(THINK)™ Awakened Flour™ lightly germinated flour range of products in business to business (“B2B”) channel. (completed)
	●	Develop range of finished products behind the wheat grain flours, qualify patented process for pulse/legume, and rice-based protein flours
	●	Drive business as ingredients for bakery, snack and plant-based protein products manufacturers.
	●	Develop relationships with universities, nonprofit organizations and civic organizations focused on health in underserved communities to research impact of patented flour on nutrition.

 

PHASE 3:

 

	●	Develop range of finished products behind the wheat grain flours, qualify patented process for pulse/legume, and rice-based protein flours.
	●	Drive business as ingredients for bakery, snack and plant-based protein products manufacturers.
	●	Develop manufacturing base through partnerships and licensing.

 

PHASE 4:

 

	●	Expand product range in US/Canada.
	●	Expand business to other geographies internationally.

 

 

AgriFORCE Solutions

 

Understanding Our Approach –Bringing Cutting Edge Technology to Enhance and Modernize Agriculture

 

Traditional farming includes three fundamental approaches: outdoor, greenhouse and indoor. We are taking modern technologies such as artificial intelligence (“AI”) and blockchain–based advances to bring what is traditionally a low technology industry into the 21^st century. This approach means that we are able to reach into areas not readily available to agricultural businesses in the past, such as advanced Fintech to enhance financing capabilities for these businesses and more readily provide advanced intelligence for farmers. These technologies can also be applied to worldwide sourcing and matching food producers to consumers in an efficient manner.

 

Our intellectual property combines a patented uniquely engineered facility design and automated growing system to solve excessive water loss and high energy consumption, two problems plaguing nearly all controlled environment agriculture systems. FORCEGH+ delivers a patented clean, sealed, self-contained micro-environment that maximizes natural sunlight and offers supplemental LED lighting. It limits human intervention and is designed to provide superior quality control through AI optical technology. It was also created to drastically reduce environmental impact, substantially decrease utility demands, conserving water, while delivering customers daily harvests and higher crop yields.

 

The Ag-Tech sector is severely underserved by the capital markets, and we see an opportunity to acquire global companies who have provided solutions to the industry and are leading innovation moving forward. The robustness of our engagement with potential targets has confirmed our belief and desire to be part of a larger integrated Ag-Tech solutions provider, where each separate element of the business has its existing legacy business and can leverage across areas of expertise to expand their business footprint.

 

BUSINESS PLAN

 

The Company will launch a full line up of Hydroxyl Devices and start commercializing the Hydroxyl Devises into the US market of CEA and Food Manufacturing. The Company will identify and establish exclusive distribution agreement for the EMEA region as well Expand Distribution Network into Latin America and Asia. The Company will also advance on the commercialization of our Hydroxyl clean room systems to greatly reduce the spread of pathogens, mold and disease at processing facilities worldwide.

 

The Company is exploring opportunities to utilize its patented FORCEGH+™ structure and its related technologies in joint ventures and licensing. The Company is also studying the utilization of FORCEGH+ technologies in arctic, tropical and desert environments. The Company intends to continue development of and license of its technology to existing farmers in the plant based pharmaceutical, nutraceutical, and high value crop markets using its unique patented facility design and hydroponics based automated growing system that enable farmers to effectively grow crops in a sealed controlled environment (“FORCEGH+™”).

 

The Company also looks to expand its efforts into development of blockchain solutions and the implementation of these solutions into FinTech systems to allow quicker and less costly transactions between commercial farmers.

 

The Company is exploring opportunities to utilize its patented FORCEGH+™ structure and its related technologies in joint ventures and licensing. The Company is also studying the utilization of FORCEGH+ technologies in arctic, tropical and desert environments and artificial intelligence and blockchain in the development and implementation of FinTech systems to commercial farmers, and advancing on the commercialization of our Hydroxyl clean room systems to greatly reduce the spread of pathogens, mold and disease at processing facilities worldwide.

 

The AgriFORCE Clean Solutions

 

The Company’s Solutions division is charged with the commercialization of our FORCEGH+ technology and our RCS clean room systems. The Company has also begun to advance its initiative to integrate blockchain in the development and implementation of FinTech systems for commercial farmers.

 

 

We own the Radical Clean Solutions, Inc. (“RCS”) technology to commercialize the proprietary hydroxyl generating devices of RCS for the CEA and food manufacturing industries. The RCS technology is a product line consisting of patent-pending “smart hydroxyl generation systems” focused on numerous industry verticals that is proven to eliminate 99.99+% of all major pathogens, virus, mold, volatile organic compounds (VOCs) and allergy triggers⁽⁶⁾.

 

On October 1, 2023, the Company signed a definitive agreement to purchase a 14% ownership stake in RCS, and it purchased all of the RCS assets in August 2024.

 

The Company generated its first revenue from the sale of RCS devices in late 2023. During 2023, the Company signed an exclusive distribution agreement with a leading distributor of air conditioning and heating solutions in Mexico for the representation and sale of the AgriFORCE/RCS hydroxyl generating devices for greenhouses and food manufacturing facilities for the territory of Mexico. The first products were delivered in October 2023 pursuant to purchase orders for the products.

 

The Company will continue to expand sales into Mexico through its distributor, Commercializadora DESICO. Based on its sale into the poultry industry in Mexico, the Company is expanding its distribution of its Clean System solutions into other Latin American markets and the United States.

 

On August 16, 2024, the Company completed the acquisition of 86% of the common shares of Radical Clean Solutions, Inc. (“RCS”), increasing its interest from 14% to 100%, and providing the Company control over RCS. RCS became a consolidated subsidiary of the Company on this date.

 

BUSINESS PLAN

 

2024

 

	●	Continue introduction into the Mexico market with our exclusive distributor
	●	Identify and set up exclusive distribution agreements for the EMEA region
	●	Start commercializing the Hydroxyl Devices into the US market of CEA and Food Manufacturing
	●	Launch full line up of Hydroxyl Devices : in-Duct HVAC unit, Portable Industrial QuadPro Unit, Small Rooms Wall-Mount unit

 

2025

 

●

Expand Distribution Network into Latin America and Asia.

 

Merger and Acquisition (“M&A”)

 

The Company plans to evaluate accretive M&A opportunities of an appropriate scale as it progresses with its ongoing business plans surrounding its already owned IP and improvements thereto. Any M&A propositions must be of a size and scale which works to complement the Company’s ongoing business in terms of allocation of resources.

 

The Company intends to focus any M& A activity to targets which are focused in the Ag-Tech space with emphasis on businesses which can also increase our ESG footprint. This refocused M&A strategy will ensure that proper personnel and economic resources are allocated to the Company’s ongoing businesses, while refocusing efforts on synergistic opportunities which work to enhance the Company’s existing assets.

 

(6) BCI Labs, Gainesville Florida, February 2022; and various institutional studies.

 

 

Recent Developments

 

Management Restructuring

 

On January 25, 2024, Troy McClellan, President of AgriFORCE Solutions, submitted a letter of resignation to the Company. On January 25, 2024, the Company accepted his resignation and deemed it effective immediately pursuant to Section 7.3 of his employment agreement with the Company which permits waiver by the Company of Mr. McClellan’s notice period (through March 31, 2024) and corresponding acceleration of the resignation date.

 

On February 10, 2024, Richard Wong resumed his original role as Chief Financial Officer in order to focus on finance and accounting matters for the Company. Effective as of the same day, Jolie Kahn was appointed Executive Turnaround Consultant to support the Company’s operational growth and expansion efforts. On June 4, 2024, the Board Directors appointed Jolie Kahn as Chief Executive Officer. Jolie Kahn shall report to David Welch, Chairman of the Board of Directors of the Company, who shall act as Executive Chairman until such time as a permanent Chief Executive Officer is appointed.

 

On February 19, 2024, Margaret Honey resigned as a Director of (the “Company”) to pursue other interests. The resignation is not the result of any disagreement with the Company.

 

On June 4, 2024, the Board of Directors of the Company appointed Jolie Kahn as Chief Executive Officer. Previously, on February 10, 2024, Jolie Kahn was appointed Executive Turnaround Consultant to support the Company’s operational growth and expansion efforts. Jolie Kahn will continue to support these efforts and to report to the Board of Directors of the Company.

 

Share Repurchase Program

 

On June 17, 2024, the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements. The Board will periodically review the Company’s Repurchase Program and may decide to extend its term or increase the authorized amount.

 

RCS Acquisition

 

We purchased all of the assets of RCS in August 2024. A discussion of the acquisition is set forth above in footnote 3 to our financial statements included herein.

 

Status as an Emerging Growth Company

 

On April 5, 2012, the Jumpstart Our Business Startups Act of 2012, or the JOBS Act, was enacted. Section 107 of the JOBS Act provides that an “emerging growth company” can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933, as amended, or the Securities Act, for complying with new or revised accounting standards. In other words, an “emerging growth company” can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have irrevocably elected to avail ourselves of this extended transition period and, as a result, we will adopt new or revised accounting standards on the relevant dates on which adoption of such standards is required for private companies.

 

 

We are in the process of evaluating the benefits of relying on other exemptions and reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, as an “emerging growth company,” we intend to rely on certain of these exemptions from, without limitation, (i) providing an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act and (ii) complying with any requirement that may be adopted by the Public Company Accounting Oversight Board (PCAOB) regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements, known as the auditor discussion and analysis. We will remain an “emerging growth company” until the earliest of (a) the last day of our fiscal year following the fifth anniversary of the closing of the initial public offering, (b) the last day of the first fiscal year in which our annual gross revenues exceed $1.07 billion, (c) the last day of our fiscal year in which we are deemed to be a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, or Exchange Act (which would occur if the market value of our equity securities that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter), or (d) the date on which we have issued more than $1 billion in nonconvertible debt during the preceding three-year period.

 

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

 

Results of Operations

 

The following discussion should be read in conjunction with the condensed unaudited financial statements for the interim periods ended September 30, 2024 and 2023 included in this report.

 

Revenues

 

The Company sells its products directly to customers and indirectly to customers through sales brokers.

 

During the three and nine months ended September 30, 2024, the Company sold and delivered 8 hydroxyl generating devices for gross sales of $41,315. There were no such sales in the three and nine months ended September 30, 2023.

 

Operating Expenses

 

Operating expenses primarily consist of wages and salaries, professional fees, consulting, office and administration, investor and public relations, research and development, and share-based compensation.

 

Operating expenses increased during the three months ended September 30, 2024 as compared to September 30, 2023 by $3,974,421 or 244% primarily due to the following:

 

●	Intangible asset impairment increased by $4,137,271 due impairment of the Company’s Manna patent due to the fair value of the asset exceeding the carrying value of the intangible asset, requiring a write-down of the asset. There was no such impairment in 2023.
●	Consulting increased by $30,025, due to additional consultants hired during the quarter to assist with sales, product manufacturing, and M&A.
●	Office and administrative expenses increased by $93,357 due to the increase in miscellaneous spend for business development and other related expenditures
●	Research and development increased by $81,082 due to product development expenses for RCS that occurred after the acquisition on August 16, 2024, no such expenses during 2023.
●	Travel and entertainment increased by $19,944 increased international travel for foreign business development.
●	Professional fees decreased by $165,333 due to reduced legal fees that were required for the nine months ended September 30, 2023 for M&A activity but none for the nine months ended September 30, 2024.
●	Wages and salaries decreased by $116,721 due to a reduction in staff head count (number of employees reduced from 15 during the three months ended September 30, 2023 to 6 during the three months ended September 30, 2024).
●	Share based compensation decreased by $16,985 due to a significant number of option forfeitures from lower staff head count.
●	Lease expense decreased $72,479 due to shifting from a short term office lease to a virtual office.
●	All other items aggregate to $15,740

 

Other Expenses / (Income)

 

Other expense for the three months ended September 30, 2024 increased due to the following:

 

●	Change in fair value of derivative liabilities increased by $179,586 due to the Company’s stock price decreasing during the period between June 30, 2024 and September 30, 2024, resulting in the decreased fair value of the Company’s derivative liabilities and increased gains on the change in fair value.
●	Increase in gain on debt extinguishment increased by $75,119 as a result of unscheduled conversions of debentures into the Company’s common shares which triggered extinguishments of debt due to the change of the fair value of the debt after the conversions. There were no debt extinguishments during the three months ended September 30, 2024.
●	Increase in loss on long-term investment decreased by $97,488 due to the requirement to the revaluation of the existing investment in RCS prior to the step acquisition. No such loss during the three months ended September 30, 2023.
●	Loss on conversion of convertible debt increased by $127,251 due to a significant amount of unscheduled conversions that were issued at a higher premium above the exercise price compared to shares issued during the three months ended September 30, 2023.

 

This was partially offset by the following:

 

●	Accretion interest on debentures decreased by $1,595,252 due to a significant amount of debentures being converted to shares during 2024, resulting in less interest accreted during the three months ended June 30, 2024.
●	All other items aggregate to $5,109.

 

 

Operating expenses increased during the nine months ended September 30, 2024 as compared to September 30, 2023 by $722,802 or 10% primarily due to the following:

 

●	Intangible asset impairment increased by $4,137,271 due to the impairment of the Company’s Manna patent due to the fair value of the asset exceeding the carrying value of the intangible asset, requiring a write-down of the asset. There was no such impairment in 2023.
●	Wages and salaries decreased by $1,113,285 due to a reduction in staff head count (number of employees reduced from 15 during the nine months ended September 30, 2023 to 6 during the nine months ended September 30, 2024).
●	Consulting and professional fees decreased by $668,799 and $583,954, respectively due to a significant decrease in M&A spending during the nine months ended September 30, 2024 as a result of the Company focusing on organic growth of currently active ventures.
●	Share based compensation decreased $438,187 due to a significant number of option forfeitures from lower staff head count.
●	Investor and public relations expenses decreased by $346,724 due to more investor and public relations advisory services utilized in 2023 for Company campaigns and communication to investors.
●	Travel and entertainment decreased by $73,023 due to a reduction in travel for foreign business development.
●	Lease expense decreased $163,177 due to the termination of the Company’s long term office lease in 2023.
●	Sales and marketing decreased by $77,461 due to significant reductions in public relations agency work and social media contracted fees from cost cutting initiatives.
●	Travel and entertainment decrease by $73,023 due to an increase in international travel for business development
●	Office and administrative increased by $43,622 due to an increase in miscellaneous expenses that occurred during the nine months ended September 30, 2024. overall cost cutting initiatives for the six months ended June 30, 2024.
●	Research and development increased by $35,818 due to product development expenses for RCS that occurred after the acquisition on August 16, 2024, no such expenses during 2023.
●	All other items aggregate to $29,302

 

Other expense for the nine months ended September 30, 2024 increased due to the following:

 

●	Change in fair value of derivative liabilities decreased by $4,960,513 due to (1) the draw down as well as the extinguishment of conversion feature derivatives as a result of significant conversions of several tranches of debentures, and (2) the Company’s stock price stabilizing during the period between December 31, 2023 and September 30, 2024, resulting in the smaller revaluation adjustment as at September 30, 2024.
●	Increase in loss on debt extinguishment by $2,223,250 as a result of unscheduled conversions of debentures into the Company’s common shares which triggered extinguishments of debt due to the change of the fair value of the debt after the conversions. There were no debt extinguishments during the nine months ended September 30, 2024.
●	Increase in loss on conversion of convertible debt by $1,086,128 due to a significant amount of unscheduled conversions that resulted in shares issued at a higher premium above the exercise price compared to shares issued during the nine months ended September 30, 2023.
●	Increase in loss on long-term investment decreased by $97,488 due to the requirement to the revaluation of the existing investment in RCS prior to the step acquisition. No such loss during the nine months ended September 30, 2023.

 

This was partially offset by the following:

 

●	Accretion interest on debentures decreased by $3,372,449 due to a significant amount of debentures being converted to shares during 2024, resulting in less interest accreted during the nine months ended September 30, 2024.
●	Foreign exchange gain increased by $21,601 due to increasing USD to CAD rate throughout the six months ended June 30, 2024.
●	All other items aggregate to $21,922.

 

 

Liquidity and Capital Resources

 

The Company’s primary need for liquidity is to fund working capital requirements, capital expenditures, and for general corporate purposes. The Company’s ability to fund operations and make planned capital expenditures and debt service obligations depends on future operating performance and cash flows, which are subject to prevailing economic conditions, financial markets, business and other factors. We have recorded a net loss of $13,407,164 for the nine months ended September 30, 2024, and a net loss of $7,740,078 for the nine months ended September 30, 2023. We have recorded an accumulated deficit of $57,914,468 as of September 30, 2024 and $44,507,304 as of December 31, 2023. Net cash used in operating activities for the nine months ended September 30, 2024 and September 30, 2023 was $3,429,189 and $5,437,592 respectively.

 

The Company held $1,373,294 in cash as at September 30, 2024 as compared to $3,878,578 at December 31, 2023.

 

Our future capital requirements will depend on many factors, including:

 

●	the cost and timing of our regulatory activities, especially the process to obtain regulatory approval for our intellectual properties in the U.S. and in foreign countries
●	the costs of R&D activities we undertake to further develop our technology
●	the costs of constructing our grow houses, including any impact of complications, delays, and other unknown events
●	the costs of commercialization activities, including sales, marketing and production
●	the level of working capital required to support our growth
●	our need for additional personnel, information technology or other operating infrastructure to support our growth and operations as a public company
●	completion of planned acquisitions

 

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty. The Company is at the stage of development of its first facility and other IP. As such it is likely that additional financing will be needed by the Company to fund its operations and to develop and commercialize its technology. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

For the next twelve months from issuance of these financial statements, the Company will seek to obtain additional capital through the sale of debt or equity financings or other arrangements to fund operations; however, there can be no assurance that the Company will be able to raise needed capital under acceptable terms, if at all. The sale of additional equity may dilute existing shareholders and newly issued shares may contain senior rights and preferences compared to currently outstanding common shares. Issued debt securities may contain covenants and limit the Company’s ability to pay dividends or make other distributions to shareholders. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued. Due to the uncertainty in the Company’s ability to raise capital, management believes that there is substantial doubt in the Company’s ability to continue as a going concern for twelve months from the issuance of these financial statements.

 

Cash Flows

 

The net cash used by operating activities for the nine months ended September 30, 2024 was $3,429,189 compared to $5,437,592 for the nine months ended September 30, 2023. The decrease of $2,008,403 was primarily due to the following:

 

●	Increase in impairment of intangible asset of $4,137 271 due to assessment noted above.
●	Increase in loss on long-term investment of $97,488 due to assessment noted above.
●	Decrease in cash flow adjustments of $188,463 for share based compensation due to forfeiture of stock options by departed employees.
●	Decrease of $3,254,034 in amortization of debt issuance costs for less interest recorded on debentures as the carrying value of the debentures were lower as at September 30, 2024 compared to September 30, 2023.
●	Increase in prepaid expenses and other current assets used in operating activities of $571,119 due to utilization of consulting retainers and as well as additional prepayments made during September 30, 2024 for various services.
●	Decrease in accounts payable and accrued liabilities of $701,115 due to the Company paying down its higher aged trade payables balance during the nine months ended September 30, 2024.

 

 

This was partially offset by the following:

 

●	Increase in net loss of $5,667,086 due to operating expenses noted above.
●	Non-cash change in fair value of derivative liabilities decreased by $4,960,5139 due to (1) the draw down as well as the extinguishment of conversion feature derivatives as a result of significant conversions of several tranches of debentures, and (2) the Company’s stock price stabilizing during the period between December 31, 2023 and September 30, 2024, resulting in the smaller revaluation adjustment as at September 30, 2024.
●	Increase in loss on debt extinguishment cash adjustment by $2,223,250 as a result of unscheduled conversions of debentures into the Company’s common shares which triggered extinguishments of debt due to the change of the fair value of the debt after the conversions. There were no debt extinguishments during the nine months ended September 30, 2023.
●	Increase in loss on conversion of convertible debt cash adjustment by $1,086,128 due to a significant amount of unscheduled conversions that resulted in shares issued at a higher premium above the exercise price compared to shares issued during the six months ended September 30, 2023.
●	All other items aggregate to $114,429.

 

Net cash used in investing activities was $356,079 for cash consideration paid for the RCS acquisition.

 

Net cash provided by financing activities for the nine months ended September 30, 2024, represents net proceeds from debentures of $2,250,000. This was partially offset by repayments on convertible debentures of $802,282 and financing costs of debentures of $84,463. Net cash provided by financing activities for the nine months ended September 30, 2023, represents net proceeds from debentures of $4,615,385 as well as common shares issued for cash of $1,342,915. This was partially offset by repayments on convertible debentures of $1,741,950, financing costs of debentures of $325,962 and share issuance costs of $153,220.

 

Recent Financings

 

On January 17, 2023, the Debenture Investors purchased additional tranches totaling $5,076,923 and received 53,226 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $62.00 and expire on July 17, 2025. The issuance of the additional tranches triggered the down round provision, adjusting the exercise prices of the First Tranche Debentures and the First Tranche Debenture Warrants to $62.00.

 

On June 20, 2023 the Company issued 20,000 common shares with 20,000 warrants through a private placement for consideration of $250,000.

 

Between June 7, 2023 and August 30, 2023, the Company issued 124,652 common shares for cash under the ATM public offerings agreement for net proceeds of $939,695. The issuance triggered the down round provision, adjusting the exercise prices of the First and Second Tranche Debentures as well as the First and Second Tranche Debenture Warrants to $5.50.

 

On October 18, 2023, a Debenture Investor purchased an additional tranche totaling $2,750,000 in convertible debentures and received 620,230 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $2.62 and expire on April 18, 2027. The issuance of the additional tranche further triggered the down round provision, adjusting the exercise prices of the First and Second Tranche Debentures as well as the First and Second Tranche Debenture Warrants to $2.62.

 

On November 30, 2023, a Debenture Investor purchased an additional tranche totaling $2,750,000 in convertible debentures and received 1,986,112 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $0.90 and expire on May 30, 2027. The issuance of the additional tranche further triggered the down round provision, adjusting the exercise prices of the First, Second and Third Tranche Debentures as well as the First, Second and Third Tranche Debenture Warrants to $0.90.

 

On February 21, 2024, a Debenture Investor purchased an additional tranche totaling $1,100,000 in convertible debentures and received 3,341,122 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $0.214 and expire on August 21, 2027. The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, and Fourth tranche of Debentures and the First, Second, Third, Fourth tranche of Debenture Warrants to $0.214.

 

On April 11, 2024, a Debenture Investor purchased an additional tranche totaling $550,000 in convertible debentures and received 2,193,253 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $0.163 and $0.18, respectively and expire on October 11, 2027. The issuance of the additional tranche triggered the down round provision, adjusting the conversion prices of the First, Second, Third, Fourth and Fifth Tranche Debentures and the exercise prices of the First, Second, Third, Fourth and Fifth Tranche Warrants to $0.163.

 

On May 22, 2024, a Debenture Investor purchased an additional tranche totaling $833,000 in convertible debentures and received 5,414,500 warrants. The convertible debentures and debenture warrants were issued with an exercise price of $0.10 and $0.11, respectively and expire on November 22, 2027. The issuance of the additional tranche triggered the down round provision, adjusting the conversion prices of the First, Second, Third, Fourth, Fifth and Six Tranche Debentures and the exercise prices of the First, Second, Third, Fourth, Fifth and Sixth Tranche Warrants to $0.10.

 

On October 15, 2024, we sold sixteen million shares to two institutional investors at a price per share of $0.05 per share for total proceeds of $800,000. The Shares were registered pursuant to a prospectus supplement on Form 424(b)(4) (to the Registrant’s Prospectus, Registration No. 333-266722, dated August 18, 2022) filed with the SEC on the same day. Each institutional investor (“Purchaser”) is entering into a securities purchase agreement for $400,000 or 8,000,000 common shares at $0.05 per share. Pursuant to those agreements, the Right of Participation held by Purchaser under Section 4.12 of that certain Securities Purchase Agreement dated June 30, 2022 between the Company and the Purchaser is hereby extended to and including December 31, 2025. If the Company shall sell any shares of its Common Stock pursuant to any at-the-market offering or equity line of credit (however denominated), the Company shall use 25% of the net proceeds from any such sales to repay the principal on any outstanding Debentures (as such term is defined in the June 30, 2022 Securities Purchase Agreement) in accordance with the terms of such Debentures.

 

From November 7, 2024 through November 13, 2024, the Company issued shares for cash under its at-the-market offering (“ATM”). In total 37,686,239 shares were issued for gross proceeds of $2,116,741.

 

 

Off Balance Sheet Arrangements

 

None.

 

Significant Accounting Policies

 

See the footnotes to our unaudited financial statements for the nine months ended September 30, 2024 and 2023, included with this quarterly report.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

As a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this item.

 

Item 4. Controls and Procedures

 

Disclosure Controls and Procedures.

 

Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our management is also required to assess and report on the effectiveness of our internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 (“Section 404”). Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes of accounting principles generally accepted in the United States. Management assessed the effectiveness of our internal control over financial reporting as of September 30, 2024. In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework in the 2013 COSO framework. Based on this assessment, management concluded that our disclosure controls and procedures were effective.

 

Changes in Internal Controls.

 

There have been no changes in our internal control over financial reporting during the quarter ended September 30, 2024, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

 

Limitations on Effectiveness of Controls and Procedures

 

Our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving the desired control objectives. Our management recognizes that any control system, no matter how well designed and operated, is based upon certain judgments and assumptions and cannot provide absolute assurance that its objectives will be met. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and that management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs. Similarly, an evaluation of controls cannot provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, have been detected.

 

 

PART II — OTHER INFORMATION

 

Item 1. Legal Proceedings

 

For a discussion of legal proceedings, see Note 15 to the unaudited condensed consolidated financial statements included under Part I, Item 1 of this report.

 

Item 1A. Risk Factors

 

As a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this item.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

The Company had the following sales of unregistered securities during the nine months ended September 30, 2024:

 

87,499,099 common shares were issued upon conversion of convertible debt.

 

854,445 common shares were issued as part of compensation to Company officers.

 

142,310 common shares were issued to consultants.

 

5,000,000 common shares were issued as consideration for a business combination.

 

6,425 common shares were issued upon conversion of vested prefunded warrants.

 

On February 21, 2024, a Convertible Debt Investor purchased an additional tranche of $1,100,000 in convertible debentures and received 3,341,122 warrants. The convertible Debentures and Debenture Warrants were issued with an exercise price of $0.214. The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, and Fourth tranche of Debentures and the First, Second, Third, Fourth tranche of Debenture Warrants to $0.214.

 

On April 11, 2024, an Investor purchased an additional tranche of $550,000. The convertible debt and warrants were issued with an exercise price of $0.163 and $0.18, respectively. The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth and Fifth Tranche Debentures and the First, Second, Third, Fourth and Fifth Tranche Warrants to $0.163.

 

On May 22, 2024, an Investor purchased an additional tranche of $833,000. The convertible debt and warrants were issued with an exercise price of $0.10 and $0.11, respectively. The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth, Fifth and Sixth Tranche Debentures and the First, Second, Third, Fourth, Fifth and Sixth Tranche Warrants to $0.10.

 

 

Item 3. Defaults Upon Senior Securities

 

None.

 

Item 4. Mine Safety Disclosures

 

Not applicable.

 

Item 5. Other Information

 

None.

 

Item 6. Exhibits

 

31.1		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
31.2		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1		Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
32.2		Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*
101.ins		Inline XBRL Instance Document**
101.sch		Inline XBRL Taxonomy Schema Document**
101.cal		Inline XBRL Taxonomy Calculation Document**
101.def		Inline XBRL Taxonomy Linkbase Document**
101.lab		Inline XBRL Taxonomy Label Linkbase Document**
101.pre		Inline XBRL Taxonomy Presentation Linkbase Document**
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

*	Furnished herewith
**	Filed herein

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	AGRIFORCE GROWING SYSTEMS, LTD.
Date: November 19, 2024	By:	/s/ Jolie Kahn
	Name:	Jolie Kahn
	Title:	Chief Executive Officer (Principal Executive Officer)
Date: November 19, 2024	By:	/s/ Richard Wong
	Name:	Richard Wong
	Title:	Chief Financial Officer (Principal Financial and Accounting Officer)

 

 

 

 

Exhibit 31.1

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

 

I, Jolie Kahn, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of AgriFORCE Growing Systems, Ltd.;

 

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly for the period in which this quarterly report is being prepared;
	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

 

	a)	all significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

 

Dated: November 19, 2024	By:	/s/ Jolie Kahn
		Jolie Kahn
		Chief Executive Officer (Principal Executive Officer)

 

 

 

Exhibit 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO SECTION 302 OF THE

SARBANES-OXLEY ACT OF 2002

 

I, Richard Wong, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of AgriFORCE Growing Systems, Ltd.;

 

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

	a)	designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly for the period in which this quarterly report is being prepared;
	b)	designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

 

	a)	all significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
	b)	any fraud, whether material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

 

Dated: November 19, 2024	By:	/s/ Richard Wong
		Richard Wong
		Chief Financial Officer (Principal Financial and Accounting Officer)

 

 

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

About the Quarterly Report of AgriFORCE Growing Systems, Ltd. (the “Company”) on Form 10-Q for the period ended September 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Jolie Kahn, Executive Consultant (Principal Executive Officer) of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

 

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 19, 2024	By:	/s/ Jolie Kahn
		Jolie Kahn
		Chief Executive Officer (Principal Executive Officer)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

About the Quarterly Report of AgriFORCE Growing Systems, Ltd. (the “Company”) on Form 10-Q for the period ended September 30, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Richard Wong, Chief Financial Officer (Principal Financial and Accounting Officer) of the Company, certifies, pursuant to 18 U.S.C. section 1350 of the Sarbanes-Oxley Act of 2002, that:

 

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 19, 2024	By:	/s/ Richard Wong
		Richard Wong
		Chief Financial Officer (Principal Financial and Accounting Officer)

 

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

 

 

v3.24.3

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 19, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40578
Entity Registrant Name	AGRIFORCE GROWING SYSTEMS LTD.
Entity Central Index Key	0001826397
Entity Tax Identification Number	00-0000000
Entity Incorporation, State or Country Code	A1
Entity Address, Address Line One	800 – 525 West 8th Avenue
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V5Z 1C6
City Area Code	(604)
Local Phone Number	757-0952
Title of 12(b) Security	Common Shares
Trading Symbol	AGRI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		155,029,573

v3.24.3

Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2024	Dec. 31, 2023
Current
Cash		$ 1,373,294	$ 3,878,578
Accounts receivable		163
Other receivable		23,646	30,859
Prepaid expenses and other current assets		499,682	272,872
Inventories		47,174	38,857
Total current assets		1,943,959	4,221,166
Non-current
Property and equipment, net		2,612	11,801
Intangible assets, net		8,370,423	12,733,885
Goodwill		314,387
Lease deposit		48,206	63,708
Construction in progress		112,281	113,566
Investment			223,801
Total assets		10,791,868	17,367,927
Current
Accounts payable and accrued liabilities		2,024,621	1,942,011
Debentures		1,093,907	4,084,643
Contingent consideration payable - current		41,659
Contract liabilities			15,336
Total current liabilities		3,160,187	6,041,990
Non-current
Other liabilities		25,165	25,684
Derivative liabilities		854,022	2,690,308
Contingent consideration payable – non-current		38,559
Long term loan		44,448	45,365
Total liabilities		4,122,381	8,803,347
Commitments and contingencies
Shareholders’ equity
Common shares, no par value per share - unlimited shares authorized; 99,343,334 and 5,841,045 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	[1]	62,130,241	49,828,942
Additional paid-in-capital		2,964,795	3,472,444
Obligation to issue shares		44,214	97,094
Accumulated deficit		(57,914,468)	(44,507,304)
Accumulated other comprehensive loss		(555,295)	(326,596)
Total shareholders’ equity		6,669,487	8,564,580
Total liabilities and shareholders’ equity		$ 10,791,868	$ 17,367,927
[1] reflects the 1:50 reverse stock split effected on October 11, 2023.

v3.24.3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	Unlimited	Unlimited
Common stock, shares issued	99,343,334	5,841,045
Common stock, shares outstanding	99,343,334	5,841,045

v3.24.3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue				$ 41,315
Cost of Sales				34,192
Gross profit				7,123
Operating expenses
Wages and salaries		486,521	603,242	1,205,741	2,319,026
Consulting		177,215	147,190	363,411	1,032,210
Professional fees		112,361	277,694	442,090	1,026,044
Office and administrative		285,186	191,829	864,983	821,358
Investor and public relations		61,814	61,319	104,460	451,184
Depreciation and amortization		169,248	172,096	499,187	512,695
Share based compensation		63,552	80,537	127,674	565,861
Sales and marketing		20,281	11,242	96,107	173,568
Lease expense		782	73,261	59,358	222,535
Travel and entertainment		23,757	3,813	31,915	104,938
Shareholder and regulatory		13,431	35,857	98,880	114,674
Research and development		54,036	(27,046)	58,130	22,312
Intangible asset impairment (Note 6)		4,137,271		4,137,271
Operating expenses		5,605,455	1,631,034	8,089,207	7,366,405
Operating loss		(5,605,455)	(1,631,034)	(8,082,084)	(7,366,405)
Other expenses
Accretion of interest on debentures (Note 9)		469,684	2,064,936	2,672,765	6,045,214
Loss on conversion of convertible debt (Note 9)		235,376	108,125	1,627,858	541,730
Loss on debt extinguishment (Note 9)		(75,119)		2,223,250
(Gain) loss on extinguishment of warrant liability		(14,769)		(14,769)
Change in fair value of derivative liabilities (Note 12)		(505,628)	(326,042)	(1,198,554)	(6,159,067)
Loss on long-term investment		97,488		97,488
Foreign exchange gain		63,834	25,472	(22,918)	(1,317)
Other loss				4,252
Write-off of inventory				38,470
Write-off of deposit (Note 4)					12,000
Other income		(28,956)	(10,472)	(102,762)	(64,887)
Net loss		(5,847,365)	(3,493,053)	(13,407,164)	(7,740,078)
Other comprehensive income (loss)
Foreign currency translation		179,950	(226,286)	(228,699)	84,719
Comprehensive loss attributable to common shareholders		$ (5,667,415)	$ (3,719,339)	$ (13,635,863)	$ (7,655,359)
Basic net loss attributed to common share		$ (0.06)	$ (4.03)	$ (0.27)	$ (12.58)
Diluted net loss attributed to common share		$ (0.06)	$ (4.03)	$ (0.27)	$ (12.58)
Weighted average number of common shares outstanding - basic	[1]	92,015,605	867,110	50,333,281	615,152
Weighted average number of common shares outstanding - diluted	[1]	92,015,605	867,110	50,333,281	615,152
[1] reflects the 1:50 reverse stock split effected on October 11, 2023.

v3.24.3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) (Parenthetical)	Oct. 11, 2023
Equity [Abstract]
Reverse stock split	1:50 reverse stock split

v3.24.3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)		Common Stock [Member]	Additional Paid-in Capital [Member]	Obligation To Issue Shares [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2022		$ 27,142,762	$ 16,816,695		$ (32,774,094)	$ (642,710)	$ 10,542,653
Balance, shares at Dec. 31, 2022	[1]	315,916
Shares issued for conversion of convertible debt		$ 4,756,872					4,756,872
Shares issued for conversion of convertible debt, shares	[1]	472,431
Shares issued for compensation		$ 311,190		44,214			355,404
Shares issued for compensation, shares	[1]	35,007
Share based compensation			211,243				211,243
Net loss					(7,740,078)		(7,740,078)
Foreign currency translation						84,719	84,719
Shares issued for consulting services		$ 80,885					80,885
Shares issued for consulting services, shares	[1]	900
Shares issued on conversion of vested prefunded warrants		$ 8,455,446	(8,455,446)
Shares issued on conversion of vested prefunded warrants, shares	[1]	102,610
Shares issued for cash, net of issuance costs		$ 939,695					939,695
Shares issued for cash, net of issuance costs, shares	[1]	124,652
Shares issued in private placement		$ 204,880					204,880
Shares issued in private placement, shares	[1]	20,000
Cancelled prefunded warrants			(2,085,960)				(2,085,960)
Balance at Sep. 30, 2023		$ 41,891,730	6,486,532	44,214	(40,514,172)	(557,991)	7,350,313
Balance, shares at Sep. 30, 2023	[1]	1,071,516
Balance at Dec. 31, 2022		$ 27,142,762	16,816,695		(32,774,094)	(642,710)	$ 10,542,653
Balance, shares at Dec. 31, 2022	[1]	315,916
Shares issued for cash, net of issuance costs, shares							141,175
Balance at Dec. 31, 2023		$ 49,828,942	3,472,444	97,094	(44,507,304)	(326,596)	$ 8,564,580
Balance, shares at Dec. 31, 2023	[1]	5,841,045
Balance at Jun. 30, 2023		$ 33,086,067	11,478,156	97,837	(37,021,119)	(331,705)	7,309,236
Balance, shares at Jun. 30, 2023	[1]	454,335
Shares issued for conversion of convertible debt		$ 3,013,171					3,013,171
Shares issued for conversion of convertible debt, shares	[1]	422,104
Shares issued for compensation		$ 205,678		(53,623)			152,055
Shares issued for compensation, shares	[1]	31,890
Share based compensation			(72,056)				(72,056)
Net loss					(3,493,053)		(3,493,053)
Foreign currency translation						(226,286)	(226,286)
Shares issued for consulting services		$ 27,150					27,150
Shares issued for consulting services, shares	[1]	350
Shares issued on conversion of vested prefunded warrants		$ 4,919,568	(4,919,568)
Shares issued on conversion of vested prefunded warrants, shares	[1]	59,660
Shares issued for cash, net of issuance costs		$ 640,096					640,096
Shares issued for cash, net of issuance costs, shares	[1]	103,177
Balance at Sep. 30, 2023		$ 41,891,730	6,486,532	44,214	(40,514,172)	(557,991)	7,350,313
Balance, shares at Sep. 30, 2023	[1]	1,071,516
Balance at Dec. 31, 2023		$ 49,828,942	3,472,444	97,094	(44,507,304)	(326,596)	8,564,580
Balance, shares at Dec. 31, 2023	[1]	5,841,045
Shares issued for conversion of convertible debt		$ 11,332,607					11,332,607
Shares issued for conversion of convertible debt, shares	[1]	87,499,099
Shares issued for compensation		$ 115,639		(52,880)			62,759
Shares issued for compensation, shares	[1]	854,455
Shares issued for business combination		$ 295,000					295,000
Shares issued for business combination, shares	[1]	5,000,000
Share based compensation			22,780				22,780
Net loss					(13,407,164)		(13,407,164)
Foreign currency translation						(228,699)	(228,699)
Shares issued for consulting services		$ 27,624					27,624
Shares issued for consulting services, shares	[1]	142,310
Shares issued on conversion of vested prefunded warrants		$ 530,429	(530,429)
Shares issued on conversion of vested prefunded warrants, shares	[1]	6,425
Balance at Sep. 30, 2024		$ 62,130,241	2,964,795	44,214	(57,914,468)	(555,295)	6,669,487
Balance, shares at Sep. 30, 2024	[1]	99,343,334
Balance at Jun. 30, 2024		$ 61,085,023	2,953,883	86,432	(52,067,103)	(735,245)	11,322,990
Balance, shares at Jun. 30, 2024	[1]	84,333,892
Shares issued for conversion of convertible debt		$ 708,000					708,000
Shares issued for conversion of convertible debt, shares	[1]	9,500,000
Shares issued for compensation		$ 42,218		(42,218)
Shares issued for compensation, shares	[1]	509,442
Shares issued for business combination		$ 295,000					295,000
Shares issued for business combination, shares	[1]	5,000,000
Share based compensation			10,912				10,912
Net loss					(5,847,365)		(5,847,365)
Foreign currency translation						179,950	179,950
Balance at Sep. 30, 2024		$ 62,130,241	$ 2,964,795	$ 44,214	$ (57,914,468)	$ (555,295)	$ 6,669,487
Balance, shares at Sep. 30, 2024	[1]	99,343,334
[1] reflects the 1:50 reverse stock split effected on October 11, 2023.

v3.24.3

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical)	Oct. 11, 2023
Statement of Stockholders' Equity [Abstract]
Reverse stock split	1:50 reverse stock split

v3.24.3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (13,407,164)	$ (7,740,078)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	499,187	512,695
Impairment of intangible asset	4,137,271
Share based compensation	22,780	211,243
Shares issued for consulting services	27,624	80,885
Shares issued for compensation	62,759	355,404
Amortization of debt issuance costs	2,619,362	5,873,396
Change in fair value of derivative liabilities	(1,198,554)	(6,159,067)
Loss on debt conversion	1,627,858	541,730
Loss on debt extinguishment	2,223,250
Loss on disposal of fixed assets	4,252
Loss on long-term investment	97,488
Write-off of deposit		12,000
Changes in operating assets and liabilities:
Accounts receivable	(164)
Other receivables	7,213	(25,794)
Prepaid expenses and other current assets	(226,810)	344,309
Inventories	(8,317)	(38,167)
Advance		(225,000)
Accounts payable and accrued liabilities	82,610	783,725
Lease deposit asset	15,502
Contract liabilities	(15,336)	23,333
Right-of-use asset		134,688
Lease liabilities		(122,894)
Net cash used in operating activities	(3,429,189)	(5,437,592)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of note payable	(202,093)
Cash consideration paid for business combination	(153,986)
Net cash used in investing activities	(356,079)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common shares issued for cash		1,342,915
Share issuance costs paid		(153,220)
Proceeds from debentures – net of discount	2,250,000	4,615,385
Repayment of convertible debentures	(802,282)	(1,741,950)
Financing costs of debentures	(84,463)	(325,962)
Net cash provided by financing activities	1,363,255	3,737,168
Effect of exchange rate changes on cash and cash equivalent	(83,271)	17,669
Change in cash	(2,505,284)	(1,682,755)
Cash, beginning of period	3,878,578	2,269,320
Cash, end of period	1,373,294	586,565
Supplemental cash flow information:
Cash paid during the period for interest	53,403	171,818
Supplemental disclosure of non-cash investing and financing transactions
Initial fair value of debenture warrants (“Fifth Tranche Warrants”)	564,000
Initial fair value of conversion feature of debentures (“Fifth Tranche Debentures”)	359,000
Initial fair value of debenture warrants (“Sixth Tranche Warrants”)	242,000
Initial fair value of conversion feature of debentures (“Six Tranche Debentures”)	198,000
Initial fair value of debenture warrants (“Seventh Tranche Warrants”)	369,000
Initial fair value of conversion feature of debentures (“Seventh Tranche Debentures”)	297,000
Shares issued for conversion of convertible debt	11,322,607	4,756,872
Reclassified accrued construction in progress fees		39,875
Forgiveness of note payable in business combination	202,093
Initial fair value of contingent consideration for business combination	79,000
Cancellation of investment balance due to business combination	118,850
Conversion of prefunded warrants to equity	530,429
Shares issued for business combination	$ 295,000

v3.24.3

NATURE OF OPERATIONS AND BASIS OF PREPARATION	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS AND BASIS OF PREPARATION	1. NATURE OF OPERATIONS AND BASIS OF PREPARATION   Business Overview   AgriFORCE Growing Systems Ltd. (“AgriFORCE™” or the “Company”) was incorporated as a private company by Articles of Incorporation issued pursuant to the provisions of the Business Corporations Act (British Columbia) on December 22, 2017. The Company’s registered and records office address is at 800 – 525 West 8th Avenue, Vancouver, British Columbia, Canada, V5Z 1C6.   The Company is an innovative sustainable technology focused company that strives to innovate and deliver sustainable technology solutions across a wide array of verticals utilization of our proprietary intellectual property to businesses and enterprises through our AgriFORCE™ Solutions division (“Solutions”) and deliver innovative flour products through our AgriFORCE™ Brands division (“Brands”). In the third quarter of 2024, the Company bought the assets of the Radical Clean Solutions (“RCS”) business for which it had bought an exclusive license to the agricultural industry in 2023. During 2023, the Company commenced efforts to launch its UN(THINK) Awakened Flour™, which is a nutritious flour that we believe provides health advantages over traditional flour.   While Solutions’ legacy focus was to operate in the plant based pharmaceutical, nutraceutical, and other high value crop markets using its unique proprietary facility design and hydroponics based automated growing system that enable cultivators to effectively grow crops in a controlled environment (“FORCEGH+™”). it has changed its focus to broaden the use of its proprietary intellectual property across multiple industries. For instance, the Company through its RCS purchase is not able to utilize that technology to deliver solutions across multiple industries, including not only agriculture, but other industries including hospitality, commercial applications, education institutions, residential real estate and transportation.   Brands is focused on the development and commercialization of plant-based ingredients and products that deliver healthier and more nutritious solutions. We strive to market and commercialize both branded consumer product offerings and ingredient supply.   Basis of Presentation   The accompanying Unaudited Condensed Consolidated Interim Financial Statements and related financial information of AgriFORCE Growing Systems Ltd. should be read in conjunction with the audited financial statements and the related notes thereto for the years ended December 31, 2023 and 2022 included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on April 1, 2024. These unaudited interim financial statements have been prepared in accordance with the rules and regulations of the United States Securities and SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by the accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements.   In the opinion of management, the accompanying interim financial statements contain all adjustments which are necessary to state fairly the Company’s financial position as of September 30, 2024 and December 31, 2023, and the results of its operations and cash flows during the nine months ended September 30, 2024 and 2023. Such adjustments are of a normal and recurring nature. The results for the nine months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2024, or for any future period.     Liquidity and Management’s Plan   The Company has incurred substantial operating losses since its inception and expects to continue to incur significant operating losses for the foreseeable future. As reflected in the interim financial statements for the nine months ended September 30, 2024, the Company had a net loss of $13.4 million, $3.4 million of net cash used in operating activities, and the Company had a working capital deficiency of $1.2 million.   On June 24, 2024, the Company received a Staff Listing Determination Letter from Nasdaq pursuant to which the Staff has determined that as of June 21, 2024, the Company’s common shares had a per share closing bid price of $0.10 or less for ten consecutive trading days (the Company’s bid price has closed at or below $0.10 per share from June 6, 2024, through June 21, 2024). Nasdaq has granted the Company an exception to comply with the bid price rule as follows:   1. On or before November 27, 2024, the Company shall obtain shareholders approval for a reverse stock split at a ratio that satisfies the minimum requirement in the Bid Price Rule; 2. On or before December 4, 2024, the Company shall effect a reverse stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten consecutive business days; 3. On or before December 17, 2024, the Company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions.   To meet these requirements, the Company is holding its previously postponed Annual Meeting of Shareholders on November 25, 2024, and assuming shareholder approval, will effect a reverse split immediately thereafter.   The accompanying interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The interim financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might result from the outcome of this uncertainty. The Company is at the development stage of its business plan. As such it is likely that additional financing will be needed by the Company to fund its operations and to develop and commercialize its technology. These factors raise substantial doubt about the Company’s ability to continue as a going concern. For the next twelve months from issuance of these interim financial statements, the Company plans to seek to obtain additional capital through the sale of debt or equity financings or other arrangements to fund operations; however, there can be no assurance that the Company will be able to raise needed capital under acceptable terms, if at all. The sale of additional equity may dilute existing shareholders and newly issued shares may contain senior rights and preferences compared to our currently outstanding common shares. If the Company is unable to obtain such additional financing, future operations would need to be scaled back or discontinued. Due to the uncertainty in the Company’s ability to raise capital, management believes that there is substantial doubt in the Company’s ability to continue as a going concern for twelve months from the issuance of these interim financial statements.   Reverse Stock Split   On October 11, 2023, the Company executed a one-for-fifty reverse stock split of the Company’s common shares (the “Reverse Split”). As a result of the Reverse Split, every 50 shares of the Company’s old common shares were converted into one share of the Company’s new common shares. Fractional shares resulting from the reverse split were rounded up to the nearest whole number. The Reverse Split automatically and proportionately adjusted all issued and outstanding shares of the Company’s common shares, as well as convertible debentures, convertible features, prefunded warrants, stock options and warrants outstanding at the time of the date of the Reverse Split. The exercise price on outstanding equity based-grants was proportionately increased, while the number of shares available under the Company’s equity-based plans was proportionately reduced. Share and per share data (except par value) for the periods presented reflect the effects of the Reverse Split. References to numbers of common shares and per share data in the accompanying financial statements and notes thereto for periods ended prior to October 11, 2023 have been adjusted to reflect the Reverse Split on a retroactive basis.

v3.24.3

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	2. SIGNIFICANT ACCOUNTING POLICIES   Recent Accounting Pronouncements   The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, as modified by the Jumpstart Our Business Start-ups Act of 2012, (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 13(a) of the Securities Exchange Act of 1934, as amended, for complying with new or revised accounting standards applicable to public companies. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.   In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosures.” ASU 2023-07 provides guidance to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. We are currently assessing the impact this guidance will have on our financial statements.     In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 requires companies to provide enhanced rate reconciliation disclosures, including disclosure of specific categories and additional information for reconciling items. The standard also requires companies to disaggregate income taxes paid by federal, state and foreign taxes. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a retrospective or prospective basis. We are currently assessing the impact this guidance will have on our financial statements.   Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.   Inventories   Inventories consist of work-in-progress hydroxyl devices and finished goods of milled flour and related packaging material recorded at the lower of cost or net realizable value with the cost measured using the average cost method. Inventories includes all costs that relate to bringing the inventory to its present condition and location under normal operating conditions.   Revenue Recognition   Product revenue was limited to sales from hydroxyl generators and, we believe, will expand to include sales of our UN(THINK) Foods products in 2025. We recognize product revenue when we satisfy performance obligations by transferring control of the promised products or services to customers. Product revenue is recognized at a point in time when control of the promised good or service is transferred to the customer, which is at the point of shipment or delivery of the goods.   Convertible Instruments   The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with ASC 815, Derivatives and Hedging (“ASC 815”), which provides that if three criteria are met, the Company is required to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which;   (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract;   (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur; and   (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.   ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument”. Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control or could require net cash settlement, then the contract shall be classified as an asset or a liability.     Foreign Currency Transactions   The financial statements of the Company and its subsidiaries whose functional currencies are the local currencies are translated into USD for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, shareholders’ equity at the historical rates of exchange, and income and expense amounts at the average exchange rate for the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income” as equity in the consolidated balance sheets. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. At period end, monetary assets and liabilities are remeasured to the reporting currency using exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are remeasured at historical exchange rates. Gains and losses resulting from foreign currency transactions are included within non-operating expenses.   Definite Lived Intangible Assets   Definite lived intangible assets consist of a granted patent and intangible assets acquired from an acquisition. Amortization is computed using the straight-line method over the estimated useful life of the asset (Note 6).   Impairment of Long-Lived Assets   The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In order to determine if assets have been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (“asset group”). An impairment loss is recognized when the sum of projected undiscounted cash flows is less than the carrying value of the asset group. The measurement of the impairment loss to be recognized is based on the difference between the fair value and the carrying value of the asset group. Fair value can be determined using a market approach, income approach or cost approach. The reversal of impairment losses is prohibited.   Loss per Share   The Company presents basic and diluted loss per share data for its common shares. Basic loss per common share is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the year. The number of common shares used in the loss per shares calculation includes all outstanding common shares plus all common shares issuable for which there are no conditions to issue other than time. Diluted loss per common share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all potentially dilutive share equivalents, such as stock options and warrants and assumes the receipt of proceeds upon exercise of the dilutive securities to determine the number of shares assumed to be purchased at the average market price during the year.   Fair Value Accounting   The fair value of the Company’s accounts receivable, accounts payable and other current liabilities approximate their carrying amounts due to the relatively short maturities of these items.   As part of the issuance of debentures on June 30, 2022, January 17, 2023, October 18, 2023, November 30, 2023, February 21, 2024, April 11, 2024 and May 22, 2024 as well as the private placement on June 20, 2023, the Company issued warrants having strike prices denominated in USD. This creates an obligation to issue shares for a price that is not denominated in the Company’s functional currency and renders the warrants not indexed to the Company’s stock, and therefore, must be classified as a derivative liability and measured at fair value at the end of each reporting period. On the same basis, the Series A Warrants and the representative warrants issued as part of the IPO are also classified as a derivative liability and measured at fair value.   The fair value of the Company’s warrants is determined in accordance with FASB ASC 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets and liabilities measured at fair value be classified and disclosed in one of the following categories:   ● Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.     ● Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.     ● Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.   Reclassifications   The Company has reclassified certain share base payment expenses from Wages and salaries to Share based compensation in the 2023 consolidated statements of comprehensive loss to align with the 2024 presentation.

v3.24.3

BUSINESS COMBINATION	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	3. BUSINESS COMBINATION   On August 16, 2024, the Company completed the acquisition of assets of Radical Clean Solutions, Inc. (“RCS”), effectively increasing its interest from 14% to 100%, and providing the Company control over RCS. The RCS technology is a product line consisting of patent-pending “smart hydroxyl generation systems” focused on numerous industry verticals that is proven to eliminate 99.99+% of all major pathogens, virus, mold, volatile organic compounds (“VOCs”) and allergy triggers. As the Company’s investment in RCS does not have a readily determinable fair value, the Company previously elected to account for its 14% interest in RCS at cost, less impairment. The Company recognized a loss on the investment of $97,488 during the three- and nine-month periods ended September 30, 2024.   The acquired business did not contribute revenues or earnings to the Company for the period from August 16, 2024 to September 30, 2024. The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2023.  SCHEDULE OF UNAUDITED PRO FORMA INFORMATION     Pro forma nine months ended September 30, 2024     Pro forma year ended December 31, 2023   Revenue     41,315       262,991   Net loss     13,407,164       11,740,635     The Company did not have any material, nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and net loss position.   These pro forma amounts have been calculated after applying the Company’s accounting policies and adjusting the results of RCS to reflect the additional amortization that would have been charged assuming the fair value adjustments to the intangible assets had been applied from August 1, 2024, with the consequential tax effects.   The following table summarizes the consideration transferred to acquire RCS and the amounts of identified assets acquired and liabilities assumed at the acquisition date.  SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED           Note payable forgiven     202,093   Convertible debentures repaid on behalf of RCS     153,986   Common shares     295,000   Contingent consideration     79,000   Previously invested equity     118,850   Purchase price   $ 848,929           August 16, 2024   Purchase price     848,929             Assets acquired         In-process research and development     300,000   Trademark     10,000   Brand logo     10,000   Web domain     10,000   Customer list     138,000   Device firmware and software     50,000   Blueprints     20,000   Intangible assets     20,000   Fair value of identified net assets acquired     538,000   Goodwill acquired on acquisition   $ 310,929     The acquisition of RCS includes a contingent consideration arrangement that requires additional consideration to be paid by AgriFORCE to a previous owner of RCS who now serves as a Consultant to AgriFORCE (the “Consultant”). The Consultant is entitled to receive commissions on sales and production of RCS Units, which are payable in cash upon receipt of revenue or completed inventory by the Company. The consultant is also entitled to other manufacturing, sales and product development milestones, which are outlined below.   (a) Completion of wall mount design   (b) Completion of patent prosecution for any of the patent applications heretofore provided to Company or any new U.S. patent applications   (c) Execute distribution agreements for other countries or verticals   (d) Production of 250 RCS units   (e) Production of 500 RCS units   (f) Production of 1,000 RCS units   The Consultant is entitled to be awarded 25,000 restricted common shares of the Company for meeting each milestone.   The Consultant is also entitled to restricted stock units (“RSUs”) provided certain conditions are met.   As of September 30, 2024, there were no changes in the recognized amounts or range of outcomes for the contingent consideration recognized as a result of the acquisition of RCS.   The goodwill is attributable to the acquisition of the RCS technologies, synergies, access to their key vendors, and other non-quantifiable assets which are expected to create growth and diversification opportunities for the Company.   Prior to the acquisition, the Company had a preexisting relationship with RCS. The Company was a 14% investor of RCS and held a receivable of $200,000 for a secured loan note issued to RCS. As part of the acquisition terms, the receivable amount of $200,000 funded the purchase price consideration and was deemed settled.

v3.24.3

PREPAID EXPENSES AND OTHER CURRENT ASSETS	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAID EXPENSES AND OTHER CURRENT ASSETS	4. PREPAID EXPENSES AND OTHER CURRENT ASSETS SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS      September 30, 2024     December 31, 2023   Legal retainer     31,986       8,039   Prepaid expenses     280,291       223,624   Inventory advances     112,463       30,654   Others     74,942       10,555    Prepaid expenses, other current assets   $ 499,682     $ 272,872     During the nine months ended September 30, 2023, the Company wrote off a non-refundable deposit amounting to $12,000 which was related to a land purchase agreement.

v3.24.3

INVENTORIES	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORIES	5. INVENTORIES   As at September 30, 2024, the Company had $47,174 in work-in-progress inventory (December 31, 2023 – $38,857 in finished goods).

v3.24.3

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	6. INTANGIBLE ASSETS   Intangible assets include $7,832,200 (December 31, 2023 - $12,733,885) for intellectual property (“Manna IP”) acquired under an asset purchase agreement with Manna Nutritional Group, LLC (“Manna”) dated September 10, 2021. The Manna IP encompasses patented technologies to naturally process and convert grains, pulses, and root vegetables, into low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners, and baking enhancers. The Company paid $1,475,000 in cash and issued 147,600 prefunded warrants valued at $12,106,677 (the “Purchase Price”). Subject to a 9.99% blocker and SEC Rule 144 restrictions, the prefunded warrants vested in tranches up until March 10, 2024, at which time all tranches were fully vested. When vested the tranches of prefunded warrants became convertible into an equal number of common shares.   On January 3, 2023, Manna satisfied all of its contractual obligations when the patent was approved by the US Patent and Trademark Office and the title was transferred to the Company. During the year ended December 31, 2023, the Company issued 141,175 shares in relation to this transaction. As at September 30, 2024 all prefunded warrants had been converted (December 31, 2023 - 6,425 unconverted prefunded warrants).   Based on the terms above and in conformity with US GAAP, the Company accounted for purchase as an asset acquisition. The asset was available for use on January 3, 2023. The asset has a useful life of 20 years. The Company recorded $488,752 in amortization expense related to the Manna IP for the nine months ended September 30, 2024 (September 30, 2023 - $492,220).     As at September 30, 2024, the Company determined that there was an indicator of impairment for the intangible assets due to the significant decline in the Company’s stock price as at September 30, 2024. As a result, the Company performed an interim intangible impairment test and determined that the fair value of the intangible asset was $7,832,200 based on an income approach using the Company’s estimated discounted cashflows. For valuing the Manna IP, the Company used the following assumption: discount rate 28%. The Company recorded an asset impairment loss of $4,137,271 in operating expenses.   The Company acquired intangible assets from RCS as part of the business combination (Note 3). The following intangible assets were acquired from RCS: SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS     Weighted Average Useful Life (Years)       In-process research and development   Term of the patent     300,000   Trademark   10     10,000   Brand logo   10     10,000   Web domain   5     10,000   Customer list   5     138,000   Device firmware and software   5     50,000   RCS blueprints   5     20,000   Identified assets acquired, goodwill and liabilities assumed       $ 538,000     The estimated annual amortization expense for the next five years are as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE  Period ending:   Amount   Remaining 2024   $ 159,312   2025     656,174   2026     656,174   2027     656,174   2028     656,174   2029     639,643   Thereafter     4,946,772   Total   $ 8,370,423

v3.24.3

INVESTMENT	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
INVESTMENT	7. INVESTMENT   On June 18, 2023, the Company signed a memorandum of understanding with Radical Clean Solutions Ltd. (“RCS”) to purchase common shares issued by RCS. The Company paid RCS $225,000 for 14% of the issued and outstanding common shares of the Company. Under the terms of the MOU, the use of proceeds is exclusively for the advance purchase of hydroxyls generating devices for commercial sales into controlled environment agriculture, food manufacturing, warehousing and transportation verticals. The Company was to receive one of five board of director seats of RCS and had a right of first refusal to maintain an ownership percentage in RCS of not less than 10% of the total issued and outstanding common shares. On October 1, 2023 the Company and RCS signed a definitive agreement to convert the advance into a 14% ownership investment in RCS.   On August 16, 2024, the Company acquired the assets of RCS as part of a business combination. The investment in RCS was accounted for as part of the step-acquisition accounting (Note 3). As at September 30, 2024, the carrying value of the investment in RCS was $nil (December 31, 2023 - $223,801).

v3.24.3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES      September 30, 2024     December 31, 2023   Accounts payable   $ 612,070     $ 578,128   Accrued expenses     962,496       868,451   Others     450,055       495,432    Accounts payable and accrued liabilities   $ 2,024,621     $ 1,942,011

v3.24.3

DEBENTURES	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBENTURES	9. DEBENTURES   On June 30, 2022, the Company executed the definitive agreements (the “Purchase Agreements”) with arm’s length accredited institutional investors (the “Investors”) for $14,025,000 in debentures with a 10% original issue discount for gross proceeds of $12,750,000 (“First Tranche Debentures”). The First Tranche Debentures were convertible into common shares at $111.00 per share. In addition, the Investors received 82,129 warrants at a strike price of $122.10, which expire on December 31, 2025 (the “First Tranche Warrants”). The First Tranche Warrants and First Tranche Debentures each have down round provisions whereby the conversion and strike prices will be adjusted downward if the Company issues equity instruments at lower prices. The First Tranche Warrants strike price and the First Tranche Debenture conversion price will be adjusted down to the effective conversion price of the issued equity instruments. The transaction costs incurred in relation to first tranche were $1,634,894. The Debentures are senior to all other indebtedness or claims in right of payment, other than indebtedness secured by purchase money security interested.   The Investors had the right to purchase additional tranches of $5,000,000 each, up to a total additional principal amount of $33,000,000.   On January 17, 2023, the Investors purchased additional debentures totaling $5,076,923 with a 10% original issue discount for gross proceeds of $4,615,385 (the “Second Tranche Debenture”). The Second Tranche Debentures were convertible into common shares at $62.00 per share and the Investors received an additional 53,226 warrants at a strike price of $62.00, which expire on December 31, 2025 (the “Second Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First Tranche Debentures and the First Tranche Warrants to $62.00. The transaction costs incurred in relation to second tranche were $325,962.   On June 26, 2023, the Company entered into waiver and amendment agreements (“Debenture Modification Agreements”) with the Investors to modify terms of the Purchase Agreements. The Debenture Modification Agreements provide as follows:     1. The July 1, 2023 interest and principal payments will be settled with the Company’s Common Shares   2. The Conversion Price has been reduced to the lower of $22.50 or the price of subsequent dilutive issuances under the Company’s ATM program.   3. 100% of ATM proceeds up to $1 million USD may be kept by Company, while any dollar amount over this threshold will be distributed 33% to the Company and 67% to the Investors.   4. The minimum tranche value for Additional Closings has been reduced from $5.0 million to $2.5 million.   5. The Investors have each agreed to raise no objection to one or more private placements of securities by the Company with an aggregate purchase price of up to $1,000,000 at a purchase price of at least $12.50 per common share and two-year warrant (with a per share exercise price of $25.00, and no registration rights).   6. The Company may not prepay any portion of the principal amount of this Debenture without the prior written consent of the Investor; However the Company must apply the approved or percentage of approved gross proceeds from the sale of its Common Stock from an at-the-market offering to prepay this Debenture (pro-rated among all Debentures) and shall be permitted to prepay the Debentures notwithstanding any contrary provision of this Debenture or the Purchase Agreement.     On August 9, 2023, the Company entered into another waiver and amendment agreement (“Agreement”) with the Investors with respect to a certain Senior Convertible Debenture (the “Debentures”) due July 17, 2025 issued by the Company to that Investor. The Agreement provides as follows:     1. The Company wishes to make Monthly Redemptions in shares of the Company’s Common Stock in lieu of cash payments, until further written notice from the Company to the Purchaser.   2. The Purchaser is willing to accept such shares as payment of the Monthly Redemption Amount provided that the Equity Conditions are met; and will consider on a case-by-case basis accepting payments in shares of Common Stock if the Equity Conditions are not met, at its sole discretion. The Company may inquire of the Purchaser at least five (5) Trading Days prior to a Monthly Redemption Date whether the Purchaser is willing to accept Shares without the Equity Conditions having been met. An email reply from the Purchaser shall be sufficient evidence of such monthly waiver.   3. The Purchaser will accept the August 1, 2023 Monthly Redemption Amount in shares of Common Stock valued at the August 1 Repayment Price for such date.   On October 18, 2023, the Investors purchased additional debentures totaling $2,750,000 with a 10% original issue discount for gross proceeds of $2,500,000 (the “Third Tranche Debenture”). The Third Tranche Debentures were convertible into common shares at $2.62 per share and the Investors received an additional 620,230 warrants at a strike price of $2.62, which expire on April 18, 2027 (the “Third Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First and Second Tranche Debentures and the First and Second Tranche Warrants to $2.62. The transaction costs incurred in relation to third tranche were $31,915.   On November 30, 2023, the Investors purchased additional debentures totaling $2,750,000 with a 10% original issue discount for gross proceeds of $2,500,000 (the “Fourth Tranche Debenture”). The Fourth Tranche Debentures were convertible into common shares at $0.90 per share and the Investors received an additional 1,986,112 warrants at a strike price of $0.90, which expire on May 30, 2027 (the “Fourth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second and Third Tranche Debentures and the First, Second and Third Tranche Warrants to $0.90. The transaction costs incurred in relation to fourth tranche were $30,040.   On February 21, 2024, the Investors purchased additional debentures totaling $1,100,000 with a 10% original issue discount for gross proceeds of $1,000,000 (the “Fifth Tranche Debenture”). The Fifth Tranche Debentures were convertible into common shares at $0.214 per share and the Investors received an additional 3,341,122 warrants at a strike price of $0.2354, which expire on August 21, 2027 (the “Fifth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third and Fourth Tranche Debentures and the First, Second, Third and Fourth Tranche Warrants to $0.214. The transaction costs incurred in relation to fifth tranche were $50,000.   On April 11, 2024, the Investors purchased additional debentures totaling $550,000 with a 10% original issue discount for gross proceeds of $500,000 (the “Sixth Tranche Debenture”). The Sixth Tranche Debentures were convertible into common shares at $0.163 per share and the Investors received an additional 2,193,253 warrants at a strike price of $0.18, which expire on October 11, 2027 (the “Sixth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth and Fifth Tranche Debentures and Warrants to $0.163. The transaction costs incurred in relation to sixth tranche were $31,309.   On May 22, 2024, the Investors purchased additional debentures totaling $833,000 with a 10% original issue discount for gross proceeds of $750,000 (the “Seventh Tranche Debenture”). The Seventh Tranche Debentures were convertible into common shares at $0.10 per share and the Investors received an additional 5,414,500 warrants at a strike price of $0.11, which expire on November 22, 2027 (the “Fifth Tranche Warrants”). The issuance of the additional tranche triggered the down round provision, adjusting the exercise prices of the First, Second, Third, Fourth, Fifth and Sixth Tranche Debentures and the First, Second, Third, Fourth, Fifth and Sixth Tranche Warrants to $0.10. The transaction costs incurred in relation to seventh tranche were $3,154.   During the nine months ended September 30, 2024, the Investors converted the full principal balance of the Third, Sixth and Seventh Tranche Debenture which resulted in extinguishments of the existing debts (see below).   The First, Second, Third, Fourth, Fifth, Sixth and Seventh Tranche Debentures (the “Debentures”) have an interest rate of 5% for the first 12 months, 6% for the subsequent 12 months, and 8% per annum thereafter. Principal repayments will be made in 25 equal installments which began on September 1, 2022 for the First Tranche Debentures, July 1, 2023 for the Second Tranche Debentures, January 1, 2024 for the Third Tranche Debentures, May 1, 2024 for the Fourth Tranche Debentures, August 1, 2024 for the Fifth Tranche Debentures, October 1, 2024 for the Sixth Tranche Debentures and November 1, 2024 for the Seventh Tranche Debentures. The Debentures may be extended by nine months at the election of the Company by paying a sum equal to nine months’ interest on the principal amount outstanding at the end of the 18th month, at the rate of 8% per annum.     The following table summarizes our outstanding debentures as of the dates indicated: SCHEDULE OF OUTSTANDING DEBENTURES      Maturity     Cash Interest Rate     September 30, 2024     December 31, 2023   Principal (First Tranche Debentures)   12/31/2024       5.00% - 8.00 %   $ 25,000     $ 3,029,676   Principal (Second Tranche Debentures)   07/17/2025       5.00% - 8.00 %     25,000       2,940,461   Principal (Third Tranche Debentures)   04/18/2026       5.00% - 8.00 %     -       2,750,000   Principal (Fourth Tranche Debentures)   06/01/2026       5.00% - 8.00 %     1,698,500       2,750,000   Principal (Fifth Tranche Debentures)   08/20/2026       5.00% - 8.00 %     450,000       -   Debentures (gross)   08/20/2026       5.00% - 8.00 %     450,000       -                                   Debt issuance costs and discounts (Note 9 & 12)                   (1,104,593 )     (7,385,494 ) Total Debentures (current)                 $ 1,093,907     $ 4,084,643     During the nine months ended September 30, 2024, the Investors converted $10,952,357 of principal (September 30, 2023 – $3,734,631) and $196,802 of interest (September 30, 2023 - $305,175) into shares of the Company resulting in a $1,627,858 (September 30, 2023 - $541,730) loss on the conversion of convertible debentures. During the nine months ended September 30, 2024, the Company incurred $2,672,765 (September 30, 2023 - $6,045,214) in accretion interest and made 802,282 of cash repayments (September 30, 2023 - $1,741,950).   During the nine months ended September 30, 2024, the Investors converted $5,867,932 of the First, Second, Third, Fifth, Sixth and Seventh Tranche Debentures into 46,513,613 shares of the Company. The conversions were determined to be an extinguishment of the existing debt and issuance of new debt for the remaining First and Second Tranches. As a result, the Company recorded a loss on debt extinguishment in the amount of $2,223,250. During the nine months ended September 30, 2023 there were no debt extinguishments incurred.

v3.24.3

CONTRACT BALANCES	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
CONTRACT BALANCES	10. CONTRACT BALANCES   As at September 30, 2024, contract balances consisted of $nil advance payments for product sales not yet delivered, which are recognized as a contract liability (December 31, 2023 - $15,336).

v3.24.3

LONG TERM LOAN	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LONG TERM LOAN	11. LONG TERM LOAN   During the year ended December 31, 2020, the Company entered into a loan agreement with Alterna Bank for a principal amount of $29,632 (CAD$40,000) (December 31, 2023 - $30,243 (CAD$40,000)) under the Canada Emergency Business Account Program (the “Program”).   The Program, as set out by the Government of Canada, requires that the funds from this loan shall only be used by the Company to pay non-deferrable operating expenses including, without limitation, payroll, rent, utilities, insurance, property tax and regularly scheduled debt service, and may not be used to fund any payments or expenses such as prepayment/refinancing of existing indebtedness, payments of dividends, distributions and increases in management compensation.   In April 2021, the Company applied for an additional loan with Alterna Bank under the Program and received $14,816 (CAD$20,000) (December 31, 2023 - $15,122 (CAD$20,000)). The expansion loan is subject to the original terms and conditions of the Program.   The loan was interest free for an initial term that ended on January 18, 2024. Any outstanding loan after initial term carries an interest rate of 5% per annum, payable monthly during the extended term i.e. January 19, 2024 to December 31, 2025. The loan is due December 31, 2026.   The balance as at September 30, 2024 was $44,448 (CAD $60,000) (December 31, 2023 was $45,365 (CAD $60,000)).

v3.24.3

DERIVATIVE LIABILITIES	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	12. DERIVATIVE LIABILITIES   Warrant Liabilities   As at September 30, 2024, the Warrant Liabilities represent aggregate fair value of 20,000 warrants issued in a private placement (“Private Placement Warrants”), 82,129 First Tranche Warrants, 53,226 Second Tranche Warrants, 620,230 Third Tranche Warrants, 1,986,112 Fourth Tranche Warrants, 3,341,122 Fifth Tranche Warrants, 2,193,253 Sixth Tranche Warrants and 5,414,500 Seventh Tranche Warrants (“Debenture Warrants”).   As of July 16, 2024, 64,486 Company warrants issued as part of its IPO expired which consisted of publicly traded 61,765 Series A warrants (“IPO Warrants”) and 2,721 representative’s warrants (“Rep Warrants”). The expiry resulted in a gain on extinguishment of warrant liability of $14,769.     The fair value of the Private Placement Warrants amounted to $23 (December 31, 2023 - $11,308 including IPO and Rep Warrants). As at September 30, 2024 the Company utilized the Black-Scholes option-pricing model for the IPO Warrants, Rep Warrants and Private Placement Warrants and used the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100% (December 31, 2023 – 105% to 117%), risk free rate of return 3.82 (December 31, 2023 – 3.67% to 3.88%), and expected term of 1 year (December 31, 2023 – expected term of 1.50 to 3 years).   As at September 30, 2024 the First Tranche Warrants had a fair value that amounted to $2,000 (December 31, 2023 - $24,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the First Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 105% (December 31, 2023 – 100.0%), risk free rate of return 3.90% (December 31, 2023 – 4.23%), and expected term of 1.25 years (December 31, 2023 – expected term of 2 years).   As at September 30, 2024 the Second Tranche Warrants had a fair value that amounted to $2,000 (December 31, 2023 - $15,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Second Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 105.0% (December 31, 2023 – 105.0%), risk free rate of return 3.72% (December 31, 2023 – 4.12%), and expected term of 1.80 years (December 31, 2023 – expected term of 2.55 years).   As at September 30, 2024 the Third Tranche Warrants had a fair value that amounted to $19,000 (December 31, 2023 - $192,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Third Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.62% (December 31, 2023 – 3.98%), and expected term of 2.55 years (December 31, 2023 – expected term of 3.30 years).   As at September 30, 2024 the Fourth Tranche Warrants had a fair value that amounted to $60,000 (December 31, 2023 - $724,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fourth Tranche Warrants using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.61% (December 31, 2023 – 3.97%), and expected term of 2.67 years (December 31, 2023 – expected term of 3.42 years).   As at September 30, 2024 the Fifth Tranche Warrants had a fair value that amounted to $111,000 (February 21, 2024 - $564,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (February 21, 2024 - $0.21), dividend yield – nil (February 21, 2024 – nil), expected volatility 95.0% (February 21, 2024 – 105.0%), risk free rate of return 3.59% (February 21, 2024 – 4.40%), and expected term of 2.89 years (February 21, 2024 – expected term of 3.50 years).   As at September 30, 2024 the Sixth Tranche Warrants had a fair value that amounted to $73,000 (April 11, 2024 - $242,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (April 11, 2024 – $0.16), dividend yield – nil (April 11, 2024 – nil), expected volatility 95.0% (April 11, 2024 – 95.0%), risk free rate of return 3.58% (April 11, 2024 – 4.73%), and expected term of 3.03 years (April 11, 2024 – expected term of 3.50 years).   As at September 30, 2024 the Seventh Tranche Warrants had a fair value that amounted to $170,000 (May 22, 2024 - $369,000). As at September 30, 2024 the Company utilized the Monte Carlo option-pricing model to value the Fifth Tranche Warrants using the following assumptions: stock price $0.05 (May 22, 2024 – $0.10), dividend yield – nil (May 22, 2024 – nil), expected volatility 95.0% (May 22, 2024 – 95.0%), risk free rate of return 3.58% (May 22, 2024 – 4.60%), and expected term of 3.14 years (May 22, 2024 – expected term of 3.50 years).   Debenture Convertible Feature   As at September 30, 2024 the fair value of the First Tranche Debentures’ convertible feature amounted to $3,000 (December 31, 2023 – $164,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 100.0%), risk free rate of return 3.82% (December 31, 2023 – 5.03%), discount rate 12.25% (December 31, 2023 – 17.50%), and expected term of 0.15 year (December 31, 2023 – 1 year).   As at September 30, 2024 the fair value of the Second Tranche Debentures’ convertible feature amounted to $2,500 (December 31, 2023 – $429,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 – $0.47), dividend yield – nil December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 105.0%), risk free rate of return 3.82 (December 31, 2023 – 4.51%), discount rate 12.25 % (December 31, 2023 – 17.50%), and expected term of 0.15 years (December 31, 2023 – 1.55 years).     As at September 30, 2024 the fair value of the Fourth Tranche Debentures’ convertible feature amounted to $317,000 (December 31, 2023 – $640,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (December 31, 2023 - $0.47), dividend yield – nil (December 31, 2023 – nil), expected volatility 100.0% (December 31, 2023 – 107.5%), risk free rate of return 3.82% (December 31, 2023 – 4.12%), discount rate 12.25 (December 31, 2023 – 17.25%), and expected term of 1.67 years (December 31, 2023 – 2.42 years).   As at September 30, 2024 the fair value of the Fifth Tranche Debentures’ convertible feature amounted to $92,000 (February 21, 2024 - $359,000). The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.05 (February 21, 2024 – $0.21), dividend yield – nil (February 21, 2024 – nil), expected volatility 95.0% (February 21, 2024 – 105.0%), risk free rate of return 3.66% (February 21, 2024 – 4.54%), discount rate 12.25% (February 21, 2024 – 16.00%), and expected term of 1.89 years (February 21, 2024 – 2.50 years).   During the nine months ended September 30, 2024, the Investors converted the full principal balance of the Third, Sixth and Seventh Tranche Debenture which resulted in an extinguishment of the existing debt and convertible feature. On March 31, 2024, the fair value of the Third Tranche Debentures’ convertible feature amounted to $618,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.18, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.59%, discount rate 18.00%, and expected term of 2.05 years. On April 11, 2024, the fair value of the Sixth Tranche Debentures’ convertible feature amounted to $198,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.16, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.85%, discount rate 19.00%, and expected term of 2.50 years. On May 22, 2024, the fair value of the Seventh Tranche Debentures’ convertible feature amounted to $297,000. The Company utilized the Monte Carlo option-pricing model for valuing the convertible feature using the following assumptions: stock price $0.10, dividend yield – nil, expected volatility 95.0%, risk free rate of return 4.75%, discount rate 19.00%, and expected term of 2.50 years.   The IPO Warrants, Rep Warrants, and Private Placement Warrants (the “Equity Warrants”) are classified as Level 1 financial instruments, while the Debenture Warrants and Debenture Convertible Feature are classified as Level 3 financial instruments.   Changes in the fair value of the Company’s financial instruments for the nine months ended September 30, 2024 and 2023 were as follows: SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS      Level 1     Level 3     Level 3             IPO and Rep Warrants     Debenture Warrants     Debenture Convertible Feature     Total   Balance at January 1, 2024   $ 11,308     $ 955,000     $ 1,724,000     $ 2,690,308   Additions     -       1,175,000       854,000       2,029,000   Conversions     -       -       (2,572,123 )     (2,572,123 ) Expiries     (14,769 )     -       -       (14,769 ) Change in fair value     4,102       (1,669,763 )     467,106       (1,198,555 ) Effect of exchange rate changes     (617 )      (23,237 )     (55,985 )     (79,839 ) Balance at September 30, 2024   $ 24     $ 437,000     $ 416,998     $ 854,022         Level 1     Level 3     Level 3             Equity Warrants     Debenture Warrants     Debenture Convertible Feature     Total   Balance at January 1, 2023   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115   Balance   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115   Additions     45,120       2,378,000       1,599,000       4,022,120   Conversions     -       -       (529,340 )     (529,340 ) Change in fair value     (259,123 )     (4,960,112 )     (939,832 )     (6,159,067 ) Effect of exchange rate changes     5,456       (25,888 )     (3,828 )     (24,260 ) Balance at September 30, 2023   $ 66,568     $ 309,000     $ 1,583,000     $ 1,958,568   Balance   $ 66,568     $ 309,000     $ 1,583,000     $ 1,958,568     Due to the expiry date of the warrants and conversion feature being greater than one year, the liabilities have been classified as non-current.

v3.24.3

SHARE CAPITAL	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SHARE CAPITAL	13. SHARE CAPITAL   On June 17, 2024 the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements. As at September 30, 2024, no shares have been repurchased under the Repurchase Program.   As at September 30, 2024, the Company owed $44,214 worth of stock-based compensation to a former officer of the Company. The balance issuable was classified as an Obligation to issue shares.   Basic and diluted net loss per share represents the loss attributable to shareholders divided by the weighted average number of shares and prefunded warrants outstanding during the period on an as converted basis.   Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares): SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE      September 30, 2024     September 30, 2023   Warrants     13,761,493       270,762   Options     61,567       76,185   Convertible debentures     22,890,431       2,020,390   Total anti-dilutive weighted average shares     36,713,491       2,367,337

v3.24.3

REVENUE	9 Months Ended
	Sep. 30, 2024
Disclosure Revenue Abstract
REVENUE	14. REVENUE   For the nine months ended September 30, 2024, the Company sold hydroxyl generating devices. The Company’s revenue from the hydroxyl generating devices sales are as follows: SCHEDULE OF REVENUE      September 30, 2024     September 30, 2023                 QuadPro devices   $ 41,315     $ -    Total Revenues   $ 41,315     $        -

v3.24.3

LEASES	9 Months Ended
	Sep. 30, 2024
Leases
LEASES	15. LEASES   The components of lease expenses were as follows: SCHEDULE OF LEASE EXPENSES      Nine months ended September 30, 2024     Nine months ended September 30, 2023   Operating lease cost   $ -     $ 219,018   Short-term lease cost     59,358       3,517   Total lease expenses   $ 59,358     $ 222,535     On March 31, 2024, the Company terminated its short-term office lease.

v3.24.3

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	16. COMMITMENTS AND CONTINGENCIES   Debenture principal repayments   The following table summarizes the future principal payments related to our outstanding debt as of September 30, 2024: SCHEDULE OF FUTURE PRINCIPAL PAYMENTS OUTSTANDING DEBT            Remaining 2024   $ 798,000   2025     1,400,500   Long Term Debt   $ 2,198,500       Contingencies   Litigation   On August 11, 2023, AgriFORCE’s former CEO, Ingo Wilhelm Mueller filed a Notice of Civil Claim in which he alleges that AgriFORCE wrongfully terminated his employment without notice, in breach of the parties’ underlying employment agreement. Mr. Mueller alleges to have suffered damages including, among other things, a loss of base salary of $473,367 CAD per annum and damages from not receiving common stock of AgriFORCE equivalent in value to $468,313 CAD. AgriFORCE’s position is that Mr. Mueller was terminated for ‘just cause’ because he breached his fiduciary duty to act in AgriFORCE’s best interest by, among other things, submitting a sizeable bid for the acquisition of a company without first obtaining Board approval. In doing so, Mr. Mueller misrepresented AgriFORCE’s financial standing and forged, or instructed others to forge, a document by affixing the electronic signature of AgriFORCE’s CFO.   As at December 31, 2023, the parties were in the discovery stage of litigation. AgriFORCE has produced relevant documents to Mr. Mueller, and is awaiting Mr. Mueller’s production of relevant documents. The parties are also in the process of scheduling examinations for discovery. Management is instructing counsel to advance the matter given the relative strength of AgriFORCE’s case.   The likelihood of an unfavorable outcome is relatively low given the facts supporting AgriFORCE’s ‘for cause’ termination of Mr. Mueller as well as the significant expense that Mr. Mueller would have to incur to advance this matter to trial.   On September 13, 2023, Stronghold filed a Complaint with the Superior Court of California for Breach of Contract; Breach of the Covenant of Good Faith and Fair Dealing; and Common Count: Goods and Services Rendered in relation to the purchase and sale agreement for the Coachella property. Stronghold alleges that AgriFORCE breached the PSA by failing to deposit certain stocks certificates into Escrow, failing to pay amounts owed for its costs incurred in connection with the Sellers Work, and for terminating the PSA despite Stronghold’s performance of the Sellers Work. Stronghold is claiming $451,684 plus interest in damages based on invoices it provided. AgriFORCE will dispute, among other things, the amount and invoices, estimating approximately $230,000 as Stronghold’s true expenses that may be claimed. The Company filed their answer on February 26, 2024. The parties have agreed to go into mediation.   On March 27, 2024, BV Peeters Advocaten-Avocats (“Peeters”) summoned the Company to appear on May 31, 2024 at the First Chamber of the Dutch-Speaking Division of the Business Court in Brussels. Peeters is seeking payment for €467,249 of unpaid bills for legal services plus penalties and interest. The Company believes that Peeters performed actions that were not in the Company’s best interest. The Company does not intend to pay the outstanding legal bills and intends to vigorously defend its position in court. The parties have agreed to go into mediation.   On July 11, 2024, AgriFORCE’s former General Counsel filed a Notice of Civil Claim with the Supreme Court of British Columbia, in which he alleges that AgriFORCE wrongfully terminated his employment without notice, in breach of the parties’ underlying employment agreement. Former General Counsel alleges to have suffered damages including, among other things, a loss of base salary of $250,000 CAD per annum, damages from not receiving common stock of AgriFORCE equivalent in value to $62,500 CAD, and damages from not receiving entitlement to the Company’s short-term incentive bonus of $90,563 CAD and participation in the Company’s long-term incentive stock option program, and participation in the Company’s Group Benefits plan. The Company filed a response to the claim on August 2, 2024. AgriFORCE’s position is that General Counsel was terminated for ‘just cause’. The likelihood of an unfavorable outcome cannot be determined at this time but the Company will vigorously defend its position in court.

v3.24.3

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	17. SUBSEQUENT EVENTS   The Company evaluated subsequent events through November 19, 2024, the date on which these interim financial statements were issued, to ensure that this filing includes appropriate disclosure of events both recognized in the interim financial statements as of and subsequent to September 30, 2024, but were not recognized in the interim financial statements. Except as disclosed below, there were no events that required recognition, adjustment or disclosure in the financial statements.   From October 1, 2024 through November 19, 2024, the Company issued 2,000,000 common shares upon conversion of convertible debt and conversion of convertible debt in lieu of repayment in cash (principal of $200,000).   From October 1, 2024 through November 19, 2024, the Company issued shares for cash under its at-the-market offering (“ATM”). In total 37,686,239 shares were issued for gross proceeds of $2,116,741.   On October 15, 2024, the Company completed a private placement issuing 16,000,000 common shares for gross proceeds of $800,000.

v3.24.3

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements   The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, as modified by the Jumpstart Our Business Start-ups Act of 2012, (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 13(a) of the Securities Exchange Act of 1934, as amended, for complying with new or revised accounting standards applicable to public companies. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies.   In November 2023, FASB issued ASU 2023-07, “Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosures.” ASU 2023-07 provides guidance to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. We are currently assessing the impact this guidance will have on our financial statements.     In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” ASU 2023-09 requires companies to provide enhanced rate reconciliation disclosures, including disclosure of specific categories and additional information for reconciling items. The standard also requires companies to disaggregate income taxes paid by federal, state and foreign taxes. ASU 2023-09 is effective for annual periods beginning after December 15, 2024 on a retrospective or prospective basis. We are currently assessing the impact this guidance will have on our financial statements.   Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its financial condition, results of operations, cash flows or disclosures.
Inventories	Inventories   Inventories consist of work-in-progress hydroxyl devices and finished goods of milled flour and related packaging material recorded at the lower of cost or net realizable value with the cost measured using the average cost method. Inventories includes all costs that relate to bringing the inventory to its present condition and location under normal operating conditions.
Revenue Recognition	Revenue Recognition   Product revenue was limited to sales from hydroxyl generators and, we believe, will expand to include sales of our UN(THINK) Foods products in 2025. We recognize product revenue when we satisfy performance obligations by transferring control of the promised products or services to customers. Product revenue is recognized at a point in time when control of the promised good or service is transferred to the customer, which is at the point of shipment or delivery of the goods.
Convertible Instruments	Convertible Instruments   The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with ASC 815, Derivatives and Hedging (“ASC 815”), which provides that if three criteria are met, the Company is required to bifurcate conversion options from their host instruments and account for them as free-standing derivative financial instruments. These three criteria include circumstances in which;   (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract;   (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur; and   (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument.   ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional as defined under professional standards as “The Meaning of Conventional Convertible Debt Instrument”. Accordingly, the Company records, when necessary, discounts to convertible notes for the intrinsic value of conversion options embedded in debt instruments based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. Debt discounts under these arrangements are amortized over the term of the related debt to their earliest date of redemption. The Company also records when necessary deemed dividends for the intrinsic value of conversion options embedded in preferred shares based upon the differences between the fair value of the underlying common stock at the commitment date of the note transaction and the effective conversion price embedded in the note. ASC 815 provides that, among other things, generally, if an event is not within the entity’s control or could require net cash settlement, then the contract shall be classified as an asset or a liability.
Foreign Currency Transactions	Foreign Currency Transactions   The financial statements of the Company and its subsidiaries whose functional currencies are the local currencies are translated into USD for consolidation as follows: assets and liabilities at the exchange rate as of the balance sheet date, shareholders’ equity at the historical rates of exchange, and income and expense amounts at the average exchange rate for the period. Translation adjustments resulting from the translation of the subsidiaries’ accounts are included in “Accumulated other comprehensive income” as equity in the consolidated balance sheets. Transactions denominated in currencies other than the applicable functional currency are converted to the functional currency at the exchange rate on the transaction date. At period end, monetary assets and liabilities are remeasured to the reporting currency using exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities are remeasured at historical exchange rates. Gains and losses resulting from foreign currency transactions are included within non-operating expenses.
Definite Lived Intangible Assets	Definite Lived Intangible Assets   Definite lived intangible assets consist of a granted patent and intangible assets acquired from an acquisition. Amortization is computed using the straight-line method over the estimated useful life of the asset (Note 6).
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets   The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. In order to determine if assets have been impaired, assets are grouped and tested at the lowest level for which identifiable independent cash flows are available (“asset group”). An impairment loss is recognized when the sum of projected undiscounted cash flows is less than the carrying value of the asset group. The measurement of the impairment loss to be recognized is based on the difference between the fair value and the carrying value of the asset group. Fair value can be determined using a market approach, income approach or cost approach. The reversal of impairment losses is prohibited.
Loss per Share	Loss per Share   The Company presents basic and diluted loss per share data for its common shares. Basic loss per common share is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the year. The number of common shares used in the loss per shares calculation includes all outstanding common shares plus all common shares issuable for which there are no conditions to issue other than time. Diluted loss per common share is calculated by adjusting the weighted average number of common shares outstanding to assume conversion of all potentially dilutive share equivalents, such as stock options and warrants and assumes the receipt of proceeds upon exercise of the dilutive securities to determine the number of shares assumed to be purchased at the average market price during the year.
Fair Value Accounting	Fair Value Accounting   The fair value of the Company’s accounts receivable, accounts payable and other current liabilities approximate their carrying amounts due to the relatively short maturities of these items.   As part of the issuance of debentures on June 30, 2022, January 17, 2023, October 18, 2023, November 30, 2023, February 21, 2024, April 11, 2024 and May 22, 2024 as well as the private placement on June 20, 2023, the Company issued warrants having strike prices denominated in USD. This creates an obligation to issue shares for a price that is not denominated in the Company’s functional currency and renders the warrants not indexed to the Company’s stock, and therefore, must be classified as a derivative liability and measured at fair value at the end of each reporting period. On the same basis, the Series A Warrants and the representative warrants issued as part of the IPO are also classified as a derivative liability and measured at fair value.   The fair value of the Company’s warrants is determined in accordance with FASB ASC 820, “Fair Value Measurement,” which establishes a fair value hierarchy that prioritizes the assumptions (inputs) to valuation techniques used to price assets or liabilities that are measured at fair value. The hierarchy, as defined below, gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The guidance for fair value measurements requires that assets and liabilities measured at fair value be classified and disclosed in one of the following categories:   ● Level 1: Defined as observable inputs, such as quoted (unadjusted) prices in active markets for identical assets or liabilities.     ● Level 2: Defined as observable inputs other than quoted prices included in Level 1. This includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.     ● Level 3: Defined as unobservable inputs to the valuation methodology that are supported by little or no market activity and that are significant to the measurement of the fair value of the assets or liabilities. Level 3 assets and liabilities include those whose fair value measurements are determined using pricing models, discounted cash flow methodologies or similar valuation techniques, as well as significant management judgment or estimation.
Reclassifications	Reclassifications   The Company has reclassified certain share base payment expenses from Wages and salaries to Share based compensation in the 2023 consolidated statements of comprehensive loss to align with the 2024 presentation.

v3.24.3

BUSINESS COMBINATION (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
SCHEDULE OF UNAUDITED PRO FORMA INFORMATION	The acquired business did not contribute revenues or earnings to the Company for the period from August 16, 2024 to September 30, 2024. The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2023.  SCHEDULE OF UNAUDITED PRO FORMA INFORMATION     Pro forma nine months ended September 30, 2024     Pro forma year ended December 31, 2023   Revenue     41,315       262,991   Net loss     13,407,164       11,740,635
SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED	The following table summarizes the consideration transferred to acquire RCS and the amounts of identified assets acquired and liabilities assumed at the acquisition date.  SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED           Note payable forgiven     202,093   Convertible debentures repaid on behalf of RCS     153,986   Common shares     295,000   Contingent consideration     79,000   Previously invested equity     118,850   Purchase price   $ 848,929           August 16, 2024   Purchase price     848,929             Assets acquired         In-process research and development     300,000   Trademark     10,000   Brand logo     10,000   Web domain     10,000   Customer list     138,000   Device firmware and software     50,000   Blueprints     20,000   Intangible assets     20,000   Fair value of identified net assets acquired     538,000   Goodwill acquired on acquisition   $ 310,929

v3.24.3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS	SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS      September 30, 2024     December 31, 2023   Legal retainer     31,986       8,039   Prepaid expenses     280,291       223,624   Inventory advances     112,463       30,654   Others     74,942       10,555    Prepaid expenses, other current assets   $ 499,682     $ 272,872

v3.24.3

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Restructuring Cost and Reserve [Line Items]
SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS	The following table summarizes the consideration transferred to acquire RCS and the amounts of identified assets acquired and liabilities assumed at the acquisition date.  SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED           Note payable forgiven     202,093   Convertible debentures repaid on behalf of RCS     153,986   Common shares     295,000   Contingent consideration     79,000   Previously invested equity     118,850   Purchase price   $ 848,929           August 16, 2024   Purchase price     848,929             Assets acquired         In-process research and development     300,000   Trademark     10,000   Brand logo     10,000   Web domain     10,000   Customer list     138,000   Device firmware and software     50,000   Blueprints     20,000   Intangible assets     20,000   Fair value of identified net assets acquired     538,000   Goodwill acquired on acquisition   $ 310,929
SCHEDULE OF FUTURE AMORTIZATION EXPENSE	The estimated annual amortization expense for the next five years are as follows: SCHEDULE OF FUTURE AMORTIZATION EXPENSE  Period ending:   Amount   Remaining 2024   $ 159,312   2025     656,174   2026     656,174   2027     656,174   2028     656,174   2029     639,643   Thereafter     4,946,772   Total   $ 8,370,423
Radical Clean Solutions Ltd [Member]
Restructuring Cost and Reserve [Line Items]
SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS	The Company acquired intangible assets from RCS as part of the business combination (Note 3). The following intangible assets were acquired from RCS: SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS     Weighted Average Useful Life (Years)       In-process research and development   Term of the patent     300,000   Trademark   10     10,000   Brand logo   10     10,000   Web domain   5     10,000   Customer list   5     138,000   Device firmware and software   5     50,000   RCS blueprints   5     20,000   Identified assets acquired, goodwill and liabilities assumed       $ 538,000

v3.24.3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES      September 30, 2024     December 31, 2023   Accounts payable   $ 612,070     $ 578,128   Accrued expenses     962,496       868,451   Others     450,055       495,432    Accounts payable and accrued liabilities   $ 2,024,621     $ 1,942,011

v3.24.3

DEBENTURES (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF OUTSTANDING DEBENTURES	The following table summarizes our outstanding debentures as of the dates indicated: SCHEDULE OF OUTSTANDING DEBENTURES      Maturity     Cash Interest Rate     September 30, 2024     December 31, 2023   Principal (First Tranche Debentures)   12/31/2024       5.00% - 8.00 %   $ 25,000     $ 3,029,676   Principal (Second Tranche Debentures)   07/17/2025       5.00% - 8.00 %     25,000       2,940,461   Principal (Third Tranche Debentures)   04/18/2026       5.00% - 8.00 %     -       2,750,000   Principal (Fourth Tranche Debentures)   06/01/2026       5.00% - 8.00 %     1,698,500       2,750,000   Principal (Fifth Tranche Debentures)   08/20/2026       5.00% - 8.00 %     450,000       -   Debentures (gross)   08/20/2026       5.00% - 8.00 %     450,000       -                                   Debt issuance costs and discounts (Note 9 & 12)                   (1,104,593 )     (7,385,494 ) Total Debentures (current)                 $ 1,093,907     $ 4,084,643

v3.24.3

DERIVATIVE LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS	Changes in the fair value of the Company’s financial instruments for the nine months ended September 30, 2024 and 2023 were as follows: SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS      Level 1     Level 3     Level 3             IPO and Rep Warrants     Debenture Warrants     Debenture Convertible Feature     Total   Balance at January 1, 2024   $ 11,308     $ 955,000     $ 1,724,000     $ 2,690,308   Additions     -       1,175,000       854,000       2,029,000   Conversions     -       -       (2,572,123 )     (2,572,123 ) Expiries     (14,769 )     -       -       (14,769 ) Change in fair value     4,102       (1,669,763 )     467,106       (1,198,555 ) Effect of exchange rate changes     (617 )      (23,237 )     (55,985 )     (79,839 ) Balance at September 30, 2024   $ 24     $ 437,000     $ 416,998     $ 854,022         Level 1     Level 3     Level 3             Equity Warrants     Debenture Warrants     Debenture Convertible Feature     Total   Balance at January 1, 2023   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115   Balance   $ 275,115     $ 2,917,000     $ 1,457,000     $ 4,649,115   Additions     45,120       2,378,000       1,599,000       4,022,120   Conversions     -       -       (529,340 )     (529,340 ) Change in fair value     (259,123 )     (4,960,112 )     (939,832 )     (6,159,067 ) Effect of exchange rate changes     5,456       (25,888 )     (3,828 )     (24,260 ) Balance at September 30, 2023   $ 66,568     $ 309,000     $ 1,583,000     $ 1,958,568   Balance   $ 66,568     $ 309,000     $ 1,583,000     $ 1,958,568

v3.24.3

SHARE CAPITAL (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE	Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares): SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE      September 30, 2024     September 30, 2023   Warrants     13,761,493       270,762   Options     61,567       76,185   Convertible debentures     22,890,431       2,020,390   Total anti-dilutive weighted average shares     36,713,491       2,367,337

v3.24.3

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosure Revenue Abstract
SCHEDULE OF REVENUE	SCHEDULE OF REVENUE      September 30, 2024     September 30, 2023                 QuadPro devices   $ 41,315     $ -    Total Revenues   $ 41,315     $        -

v3.24.3

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
SCHEDULE OF LEASE EXPENSES	The components of lease expenses were as follows: SCHEDULE OF LEASE EXPENSES      Nine months ended September 30, 2024     Nine months ended September 30, 2023   Operating lease cost   $ -     $ 219,018   Short-term lease cost     59,358       3,517   Total lease expenses   $ 59,358     $ 222,535

v3.24.3

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF FUTURE PRINCIPAL PAYMENTS OUTSTANDING DEBT	The following table summarizes the future principal payments related to our outstanding debt as of September 30, 2024: SCHEDULE OF FUTURE PRINCIPAL PAYMENTS OUTSTANDING DEBT            Remaining 2024   $ 798,000   2025     1,400,500   Long Term Debt   $ 2,198,500

v3.24.3

NATURE OF OPERATIONS AND BASIS OF PREPARATION (Details Narrative) - USD ($)			1 Months Ended	3 Months Ended		9 Months Ended
	Dec. 17, 2024	Dec. 04, 2024	Jun. 21, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Net Income (Loss) Attributable to Parent				$ 5,847,365	$ 3,493,053	$ 13,407,164	$ 7,740,078
Net Cash Provided by (Used in) Operating Activities						(3,429,189)	$ (5,437,592)
Working capital deficit				$ 1,200,000		$ 1,200,000
Closing bid price			$ 0.10
Subsequent Event [Member]
Subsequent Event [Line Items]
Closing bid price	$ 1	$ 1

v3.24.3

SCHEDULE OF UNAUDITED PRO FORMA INFORMATION (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Revenue	$ 41,315	$ 262,991
Net loss	$ 13,407,164	$ 11,740,635

v3.24.3

SCHEDULE OF IDENTIFIED ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details)	Aug. 16, 2024 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Note payable forgiven	$ 202,093
Convertible debentures repaid on behalf of RCS	153,986
Common shares	295,000
Contingent consideration	79,000
Previously invested equity	118,850
Purchase price	848,929
Purchase price	848,929
Fair value of identified net assets acquired	538,000
Goodwill acquired on acquisition	310,929
In Process Research and Development [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	300,000
Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	10,000
Brand Logo [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	10,000
Internet Domain Names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	10,000
Customer Lists [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	138,000
Device Firmware and Software [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	50,000
Blueprints [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value of identified net assets acquired	$ 20,000

v3.24.3

BUSINESS COMBINATION (Details Narrative) - USD ($)			3 Months Ended		9 Months Ended
	Aug. 16, 2024	Aug. 15, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Loss on the investment			$ 97,488		$ 97,488
Radical Clean Solutions Inc [Member]
Business Acquisition [Line Items]
Ownership investment, percentage		14.00%
Radical Clean Solutions Inc [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired		14.00%	100.00%		100.00%
Secured loan issued		$ 200,000
Purchase price consideration		$ 200,000
Radical Clean Solutions Inc [Member] | Production One [Member]
Business Acquisition [Line Items]
Description of units produced	Production of 250 RCS units
Radical Clean Solutions Inc [Member] | Production Two [Member]
Business Acquisition [Line Items]
Description of units produced	Production of 500 RCS units
Radical Clean Solutions Inc [Member] | Production Three [Member]
Business Acquisition [Line Items]
Description of units produced	Production of 1,000 RCS units
Radical Clean Solutions Inc [Member] | Restricted Stock [Member]
Business Acquisition [Line Items]
Shares awarded	25,000

v3.24.3

SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Legal retainer	$ 31,986	$ 8,039
Prepaid expenses	280,291	223,624
Inventory advances	112,463	30,654
Others	74,942	10,555
Prepaid expenses, other current assets	$ 499,682	$ 272,872

v3.24.3

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Write-off of deposit				$ 12,000

v3.24.3

INVENTORIES (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Work-in-progress inventory	$ 47,174
Finished goods		$ 38,857

v3.24.3

SCHEDULE OF INTANGIBLE ASSETS ACQUIRED FROM RCS (Details) - USD ($)	Sep. 30, 2024	Aug. 16, 2024
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		$ 538,000
Intangible assets weighted average useful life (years)	20 years
Goodwill acquired on acquisition		310,929
In Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		300,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		10,000
Brand Logo [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		10,000
Internet Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		10,000
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		138,000
Device Firmware and Software [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		50,000
Blueprints [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints		$ 20,000
Radical Clean Solutions Ltd [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired on acquisition	$ 538,000
Radical Clean Solutions Ltd [Member] | In Process Research and Development [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	300,000
Radical Clean Solutions Ltd [Member] | Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 10,000
Intangible assets weighted average useful life (years)	10 years
Radical Clean Solutions Ltd [Member] | Brand Logo [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 10,000
Intangible assets weighted average useful life (years)	10 years
Radical Clean Solutions Ltd [Member] | Internet Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 10,000
Intangible assets weighted average useful life (years)	5 years
Radical Clean Solutions Ltd [Member] | Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 138,000
Intangible assets weighted average useful life (years)	5 years
Radical Clean Solutions Ltd [Member] | Device Firmware and Software [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 50,000
Intangible assets weighted average useful life (years)	5 years
Radical Clean Solutions Ltd [Member] | Blueprints [Member]
Finite-Lived Intangible Assets [Line Items]
RCS blueprints	$ 20,000
Intangible assets weighted average useful life (years)	5 years

v3.24.3

SCHEDULE OF FUTURE AMORTIZATION EXPENSE (Details)	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2024	$ 159,312
2025	656,174
2026	656,174
2027	656,174
2028	656,174
2029	639,643
Thereafter	4,946,772
Total	$ 8,370,423

v3.24.3

INTANGIBLE ASSETS (Details Narrative)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) shares
Finite-Lived Intangible Assets [Line Items]
Intangible asset	$ 8,370,423		$ 8,370,423		$ 12,733,885
Number of shares issued | shares					141,175
New issuance, value		$ 640,096		$ 939,695
Unconverted prefunded warrants outstanding | shares	6,425		6,425		6,425
Useful life	20 years		20 years
Finite-Lived Intangible Assets, Fair Value Disclosure	$ 7,832,200		$ 7,832,200
Asset impairment loss	$ 4,137,271		4,137,271
Prefunded Warrants [Member]
Finite-Lived Intangible Assets [Line Items]
Payments to acquire intangible assets			$ 1,475,000
Number of shares issued | shares			147,600
New issuance, value			$ 12,106,677
Foreign currency exchange rate	9.99		9.99
Manna Nutritional Group LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense			$ 488,752	$ 492,220
Asset Purchase Agreement [Member] | Manna Nutritional Group LLC [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible asset	$ 7,832,200		$ 7,832,200		$ 12,733,885

v3.24.3

INVESTMENT (Details Narrative) - USD ($)	Jun. 18, 2023	Sep. 30, 2024	Dec. 31, 2023	Oct. 01, 2023
Investments			$ 223,801
Radical Clean Solutions Ltd [Member]
Ownership investment, percentage	14.00%			14.00%
Radical Clean Solutions Ltd [Member] | Minimum [Member]
Ownership investment, percentage	10.00%
Radical Clean Solutions Ltd [Member]
Payment to purchase equity	$ 225,000
Investments			$ 223,801

v3.24.3

SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 612,070	$ 578,128
Accrued expenses	962,496	868,451
Others	450,055	495,432
Accounts payable and accrued liabilities	$ 2,024,621	$ 1,942,011

v3.24.3

SCHEDULE OF OUTSTANDING DEBENTURES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt issuance costs and discounts (Note 9 & 12)	$ (1,104,593)	$ (7,385,494)
Total Debentures (current)	1,093,907	4,084,643
Share-Based Payment Arrangement, Tranche One [Member]
Debt Instrument [Line Items]
Debentures (gross)	$ 25,000	3,029,676
Maturity Date	Dec. 31, 2024
Share-Based Payment Arrangement, Tranche One [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	5.00%
Share-Based Payment Arrangement, Tranche One [Member] | Maximum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	8.00%
Share-Based Payment Arrangement, Tranche Two [Member]
Debt Instrument [Line Items]
Debentures (gross)	$ 25,000	2,940,461
Maturity Date	Jul. 17, 2025
Share-Based Payment Arrangement, Tranche Two [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	5.00%
Share-Based Payment Arrangement, Tranche Two [Member] | Maximum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	8.00%
Share-Based Payment Arrangement, Tranche Three [Member]
Debt Instrument [Line Items]
Debentures (gross)		2,750,000
Maturity Date	Apr. 18, 2026
Share-Based Payment Arrangement, Tranche Three [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	5.00%
Share-Based Payment Arrangement, Tranche Three [Member] | Maximum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	8.00%
Share Based Compensation Award Tranche Four [Member]
Debt Instrument [Line Items]
Debentures (gross)	$ 1,698,500	2,750,000
Maturity Date	Jun. 01, 2026
Share Based Compensation Award Tranche Four [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	5.00%
Share Based Compensation Award Tranche Four [Member] | Maximum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	8.00%
Share Based Compensation Award Tranche Five [Member]
Debt Instrument [Line Items]
Debentures (gross)	$ 450,000
Maturity Date	Aug. 20, 2026
Share Based Compensation Award Tranche Five [Member] | Minimum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	5.00%
Share Based Compensation Award Tranche Five [Member] | Maximum [Member]
Debt Instrument [Line Items]
Cash Interest Rate	8.00%

v3.24.3

DEBENTURES (Details Narrative)										3 Months Ended		9 Months Ended
	May 22, 2024 USD ($) $ / shares shares	Apr. 11, 2024 USD ($) $ / shares shares	Feb. 21, 2024 USD ($) $ / shares shares	Nov. 30, 2023 USD ($) $ / shares shares	Oct. 18, 2023 USD ($) $ / shares shares	Aug. 09, 2023 Integer	Jun. 26, 2023 USD ($) $ / shares	Jan. 17, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Short-Term Debt [Line Items]
Debentures transaction costs incurred										$ 1,093,907		$ 1,093,907		$ 4,084,643
Aggregate purchase price											$ 640,096		$ 939,695
Purchaser trading days | Integer						5
Debt Instrument, Interest Rate Terms												The First, Second, Third, Fourth, Fifth, Sixth and Seventh Tranche Debentures (the “Debentures”) have an interest rate of 5% for the first 12 months, 6% for the subsequent 12 months, and 8% per annum thereafter. Principal repayments will be made in 25 equal installments which began on September 1, 2022 for the First Tranche Debentures, July 1, 2023 for the Second Tranche Debentures, January 1, 2024 for the Third Tranche Debentures, May 1, 2024 for the Fourth Tranche Debentures, August 1, 2024 for the Fifth Tranche Debentures, October 1, 2024 for the Sixth Tranche Debentures and November 1, 2024 for the Seventh Tranche Debentures. The Debentures may be extended by nine months at the election of the Company by paying a sum equal to nine months’ interest on the principal amount outstanding at the end of the 18th month, at the rate of 8% per annum.
Loss on debt extinguishment										75,119		$ (2,223,250)
Accretion in interest										$ 469,684	$ 2,064,936	2,672,765	6,045,214
Repayments of convertible debt												$ 802,282	1,741,950
Private Placement [Member]
Short-Term Debt [Line Items]
Investors received warrants | shares										20,000		20,000
Investor [Member]
Short-Term Debt [Line Items]
Warrant strike price | $ / shares	$ 0.10	$ 0.163	$ 0.214	$ 0.90	$ 2.62			$ 62.00
Debt instrument converted shares												$ 196,802	305,175
Loss on debt extinguishment												1,627,858	541,730
Investor [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Short-Term Debt [Line Items]
Debt instrument converted value												10,952,357	$ 3,734,631
Investor [Member] | Share Based Compensation Award First, Second, Third, Fifth, Sixth and Seventh Tranche [Member]
Short-Term Debt [Line Items]
Debt instrument converted value												5,867,932
Loss on debt extinguishment												$ 2,223,250
Debt instrument converted shares | shares												46,513,613
Definitive Agreement [Member] | Investor [Member]
Short-Term Debt [Line Items]
Debt principal amount									$ 14,025,000
Original issue discount percentage	10.00%	10.00%	10.00%	10.00%	10.00%			10.00%	10.00%
Gross proceeds of debt	$ 750,000	$ 500,000	$ 1,000,000	$ 2,500,000	$ 2,500,000			$ 4,615,385	$ 12,750,000
Convertible into common shares per share | $ / shares	$ 0.10	$ 0.163	$ 0.214	$ 0.90	$ 2.62			$ 62.00	$ 111.00
Investors received warrants | shares	5,414,500	2,193,253	3,341,122	1,986,112	620,230			53,226	82,129
Warrant strike price | $ / shares	$ 0.11	$ 0.18	$ 0.2354	$ 0.90	$ 2.62			$ 62.00	$ 122.10
Warrants expire date	Nov. 22, 2027	Oct. 11, 2027	Aug. 21, 2027	May 30, 2027	Apr. 18, 2027			Dec. 31, 2025	Dec. 31, 2025
Debentures transaction costs incurred									$ 1,634,894
Purchase of additional tranches	$ 833,000	$ 550,000	$ 1,100,000	$ 2,750,000	$ 2,750,000			$ 5,076,923	5,000,000
Definitive Agreement [Member] | Investor [Member] | Additional Tranches [Member]
Short-Term Debt [Line Items]
Debt principal amount									$ 33,000,000
Securities Purchase Agreement [Member] | Accredited Investors [Member]
Short-Term Debt [Line Items]
Transaction costs	$ 3,154	$ 31,309	$ 50,000	$ 30,040	$ 31,915			$ 325,962
Debenture Modification Agreements [Member]
Short-Term Debt [Line Items]
Threshold percentage							100.00%
Debenture Modification Agreements [Member] | Private Placement [Member]
Short-Term Debt [Line Items]
Warrant strike price | $ / shares							$ 25.00
Aggregate purchase price							$ 1,000,000
Purchase price | $ / shares							$ 12.50
Warrants term							2 years
Debenture Modification Agreements [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Gross proceeds of debt							$ 1,000,000
Purchase of additional tranches							5,000,000.0
Debenture Modification Agreements [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Purchase of additional tranches							$ 2,500,000
Debenture Modification Agreements [Member] | Investor [Member]
Short-Term Debt [Line Items]
Convertible into common shares per share | $ / shares							$ 22.50
Threshold percentage							67.00%
Debenture Modification Agreements [Member] | Company [Member]
Short-Term Debt [Line Items]
Threshold percentage							33.00%

v3.24.3

CONTRACT BALANCES (Details Narrative) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract liability		$ 15,336

v3.24.3

LONG TERM LOAN (Details Narrative)	1 Months Ended		9 Months Ended	12 Months Ended
	Apr. 30, 2021 USD ($)	Apr. 30, 2021 CAD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CAD ($)	Sep. 30, 2024 CAD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 CAD ($)
Debt, interest rate description			The First, Second, Third, Fourth, Fifth, Sixth and Seventh Tranche Debentures (the “Debentures”) have an interest rate of 5% for the first 12 months, 6% for the subsequent 12 months, and 8% per annum thereafter. Principal repayments will be made in 25 equal installments which began on September 1, 2022 for the First Tranche Debentures, July 1, 2023 for the Second Tranche Debentures, January 1, 2024 for the Third Tranche Debentures, May 1, 2024 for the Fourth Tranche Debentures, August 1, 2024 for the Fifth Tranche Debentures, October 1, 2024 for the Sixth Tranche Debentures and November 1, 2024 for the Seventh Tranche Debentures. The Debentures may be extended by nine months at the election of the Company by paying a sum equal to nine months’ interest on the principal amount outstanding at the end of the 18th month, at the rate of 8% per annum.
Long term loans payable			$ 44,448	$ 45,365
Alterna Bank [Member] | Loan Agreement [Member]
Debt principal amount				30,243			$ 40,000	$ 29,632	$ 40,000
Proceeds from loan	$ 14,816	$ 20,000		15,122	$ 20,000
Debt, interest rate description			The loan was interest free for an initial term that ended on January 18, 2024
Debt instrument, interest rate			5.00%			5.00%
Long term loan, interest payable period			January 19, 2024 to December 31, 2025
Long term loan, maturity date			Dec. 31, 2026
Long term loans payable			$ 44,448	$ 45,365		$ 60,000	$ 60,000

v3.24.3

SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	$ 2,690,308	$ 4,649,115
Additions	2,029,000	4,022,120
Conversions	(2,572,123)	(529,340)
Expiries	(14,769)
Change in fair value	(1,198,555)	(6,159,067)
Effect of exchange rate changes	(79,839)	(24,260)
Balance	854,022	1,958,568
IPO and Rep Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	11,308	275,115
Additions		45,120
Conversions
Expiries	(14,769)
Change in fair value	4,102	(259,123)
Effect of exchange rate changes	(617)	5,456
Balance	24	66,568
Debenture Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	955,000	2,917,000
Additions	1,175,000	2,378,000
Conversions
Expiries
Change in fair value	(1,669,763)	(4,960,112)
Effect of exchange rate changes	(23,237)	(25,888)
Balance	437,000	309,000
Debenture Convertible Feature [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	1,724,000	1,457,000
Additions	854,000	1,599,000
Conversions	(2,572,123)	(529,340)
Expiries
Change in fair value	467,106	(939,832)
Effect of exchange rate changes	(55,985)	(3,828)
Balance	$ 416,998	$ 1,583,000

v3.24.3

DERIVATIVE LIABILITIES (Details Narrative)					9 Months Ended	12 Months Ended
	Jul. 16, 2024 USD ($) shares	May 22, 2024 USD ($) $ / shares	Apr. 11, 2024 USD ($) $ / shares	Feb. 21, 2024 USD ($) $ / shares	Sep. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares
First Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants					$ 2,000	$ 24,000
Second Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants					2,000	15,000
Third Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants					19,000	192,000
Fourth Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants					60,000	$ 724,000
Fifth Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants				$ 564,000	111,000
Sixth Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants			$ 242,000		73,000
Seventh Tranche Warrants [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of tranche warrants		$ 369,000			$ 170,000
First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
First Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures					$ 3,000	$ 164,000
Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Second Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures					$ 2,500	$ 429,000
Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Fourth Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures					$ 317,000	$ 640,000
Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares				$ 0.21	$ 0.05
Fifth Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures				$ 359,000	$ 92,000
Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.18
Third Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures					$ 618,000
Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares			$ 0.16
Sixth Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures			$ 198,000
Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares		$ 0.10
Seventh Tranche Debenture Convertible [Member] | Fair Value, Inputs, Level 3 [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Fair value of debentures		$ 297,000
Measurement Input, Expected Dividend Rate [Member] | First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Expected Dividend Rate [Member] | Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate
Measurement Input, Price Volatility [Member] | First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					100.0	100.0
Measurement Input, Price Volatility [Member] | Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					100.0	105.0
Measurement Input, Price Volatility [Member] | Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					100.0	107.5
Measurement Input, Price Volatility [Member] | Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate				105.0	95.0
Measurement Input, Price Volatility [Member] | Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					95.0
Measurement Input, Price Volatility [Member] | Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate			95.0
Measurement Input, Price Volatility [Member] | Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate		95.0
Measurement Input, Risk Free Interest Rate [Member] | First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					3.82	5.03
Measurement Input, Risk Free Interest Rate [Member] | Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					3.82	4.51
Measurement Input, Risk Free Interest Rate [Member] | Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					3.82	4.12
Measurement Input, Risk Free Interest Rate [Member] | Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate				4.54	3.66
Measurement Input, Risk Free Interest Rate [Member] | Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					4.59
Measurement Input, Risk Free Interest Rate [Member] | Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate			4.85
Measurement Input, Risk Free Interest Rate [Member] | Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate		4.75
Measurement Input, Expected Term [Member] | First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 month 24 days	1 year
Measurement Input, Expected Term [Member] | Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 month 24 days	1 year 6 months 18 days
Measurement Input, Expected Term [Member] | Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 year 8 months 1 day	2 years 5 months 1 day
Measurement Input, Expected Term [Member] | Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term				2 years 6 months	1 year 10 months 20 days
Measurement Input, Expected Term [Member] | Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					2 years 18 days
Measurement Input, Expected Term [Member] | Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term			2 years 6 months
Measurement Input, Expected Term [Member] | Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term		2 years 6 months
Measurement Input, Discount Rate [Member] | First Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					12.25	17.50
Measurement Input, Discount Rate [Member] | Second Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					12.25	17.50
Measurement Input, Discount Rate [Member] | Fourth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					12.25	17.25
Measurement Input, Discount Rate [Member] | Fifth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate				16.00	12.25
Measurement Input, Discount Rate [Member] | Third Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate					18.00
Measurement Input, Discount Rate [Member] | Sixth Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate			19.00
Measurement Input, Discount Rate [Member] | Seventh Tranche Debenture Convertible [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Discount rate		19.00
First Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					82,129
First Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
First Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
First Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					105	100.0
First Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					3.90	4.23
First Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 year 3 months	2 years
Second Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					53,226
Second Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Second Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Second Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					105.0	105.0
Second Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					3.72	4.12
Second Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 year 9 months 18 days	2 years 6 months 18 days
Third Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					620,230
Third Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Third Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Third Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					100.0	107.5
Third Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					3.62	3.98
Third Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					2 years 6 months 18 days	3 years 3 months 18 days
Fourth Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					1,986,112
Fourth Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Fourth Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Fourth Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					100.0	107.5
Fourth Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					3.61	3.97
Fourth Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					2 years 8 months 1 day	3 years 5 months 1 day
Fifth Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					3,341,122
Fifth Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares				$ 0.21	$ 0.05
Fifth Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Fifth Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input				105.0	95.0
Fifth Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input				4.40	3.59
Fifth Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term				3 years 6 months	2 years 10 months 20 days
Sixth Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					2,193,253
Sixth Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares			$ 0.16		$ 0.05
Sixth Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Sixth Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input			95.0		95.0
Sixth Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input			4.73		3.58
Sixth Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term			3 years 6 months		3 years 10 days
Seventh Tranche Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					5,414,500
Seventh Tranche Warrants [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares		$ 0.10			$ 0.05
Seventh Tranche Warrants [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Seventh Tranche Warrants [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input		95.0			95.0
Seventh Tranche Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input		4.60			3.58
Seventh Tranche Warrants [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term		3 years 6 months			3 years 1 month 20 days
Series A Warrants [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares	61,765
Warrant [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares	2,721
Private Placement [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares					20,000
Fair value of tranche warrants					$ 23	$ 11,308
Private Placement [Member] | Measurement Input, Share Price [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrant stock price | $ / shares					$ 0.05	$ 0.47
Private Placement [Member] | Measurement Input, Expected Dividend Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input
Private Placement [Member] | Measurement Input, Price Volatility [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					100
Private Placement [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input						105
Private Placement [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input						117
Private Placement [Member] | Measurement Input, Risk Free Interest Rate [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input					3.82
Private Placement [Member] | Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input						3.67
Private Placement [Member] | Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Warrants measurement input						3.88
Private Placement [Member] | Measurement Input, Expected Term [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term					1 year
Private Placement [Member] | Measurement Input, Expected Term [Member] | Minimum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term						1 year 6 months
Private Placement [Member] | Measurement Input, Expected Term [Member] | Maximum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Expected warrant term						3 years
IPO [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Class of warrant or right number of securities called by warrants or rights | shares	64,486
Extinguishment of warrant liability	$ 14,769

v3.24.3

SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE (Details) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	36,713,491	2,367,337
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	13,761,493	270,762
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	61,567	76,185
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive weighted average shares	22,890,431	2,020,390

v3.24.3

SHARE CAPITAL (Details Narrative) - USD ($)		9 Months Ended
	Jun. 17, 2024	Sep. 30, 2024	Sep. 30, 2023
Share Repurchase Program [Line Items]
Share repurchase program description	the Company’s Board of Directors authorized a share repurchase program (the “Repurchase Program”) under which the Company may repurchase up to $1 million of its outstanding common shares, for a period of six months, subject to contractual requirements.
Stock based compensation		$ 22,780	$ 211,243
Officer [Member]
Share Repurchase Program [Line Items]
Stock based compensation		$ 44,214
Repurchase Program [Member]
Share Repurchase Program [Line Items]
Repurchase of common stock, shares		0

v3.24.3

SCHEDULE OF REVENUE (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Total Revenues	$ 41,315
QuadPro Devices [Member]
Total Revenues	$ 41,315

v3.24.3

SCHEDULE OF LEASE EXPENSES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases
Operating lease cost		$ 219,018
Short-term lease cost	59,358	3,517
Total lease expenses	$ 59,358	$ 222,535

v3.24.3

SCHEDULE OF FUTURE PRINCIPAL PAYMENTS OUTSTANDING DEBT (Details)	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining 2024	$ 798,000
2025	1,400,500
Long Term Debt	$ 2,198,500

v3.24.3

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Jul. 11, 2024 USD ($)	Jul. 11, 2024 CAD ($)	Mar. 27, 2024 EUR (€)	Sep. 13, 2023 USD ($)	Aug. 11, 2023 CAD ($)
Other Commitments [Line Items]
Loss contingency damages sought value			€ 467,249	$ 451,684
Expenses claimed				$ 230,000
Base Salary [Member]
Other Commitments [Line Items]
Litigation settlement loss		$ 250,000
Short Term Incentive Bonus [Member]
Other Commitments [Line Items]
Litigation settlement loss	$ 90,563
Common Stock [Member]
Other Commitments [Line Items]
Litigation settlement loss		$ 62,500
Mr.Ingo Wilhelm Mueller [Member]
Other Commitments [Line Items]
Loss contingency damages sought value					$ 473,367
Mr.Ingo Wilhelm Mueller [Member] | Common Stock [Member]
Other Commitments [Line Items]
Loss contingency damages sought value					$ 468,313

v3.24.3

SUBSEQUENT EVENTS (Details Narrative) - USD ($)		2 Months Ended	9 Months Ended		12 Months Ended
	Oct. 15, 2024	Nov. 19, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Subsequent Event [Line Items]
Shares issued					141,175
Gross proceeds from issuance of common stock				$ 1,342,915
Subsequent Event [Member]
Subsequent Event [Line Items]
Shares issued for conversion		2,000,000
Repayment of convertible debt principal		$ 200,000
Shares issued		37,686,239
Gross proceeds from issuance of common stock		$ 2,116,741
Subsequent Event [Member] | Private Placement [Member]
Subsequent Event [Line Items]
Shares issued	16,000,000
Gross proceeds	$ 800,000

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