Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Details)

v3.21.2
Long-Term Debt (Details)
1 Months Ended
May 07, 2018
Oct. 10, 2014
Apr. 30, 2015
USD ($)
Jul. 03, 2018
USD ($)
Private lenders [Member]        
Long-Term Debt (Details) [Line Items]        
Advance from related party (in Dollars)       $ 200,000
Bearing interest per annum       10.00%
Long term debt, description   the Company issued two secured debentures for an aggregate principal amount of CAD $1,100,000 to two private lenders. The debentures bore interest at a rate of 12% per annum, maturing on October 15, 2017 and are secured by all of the assets of the Company. In addition, the Company issued common share purchase warrants to acquire an aggregate of 16,667 common shares of the Company. On September 22, 2016, the two secured debentures were amended to extend the maturity date to January 31, 2017. The terms of these debentures were renegotiated with the debenture holders to allow for the conversion of the secured debentures into common shares of the Company at a rate of CAD $4.50 per common share and to increase the interest rate, starting June 1, 2016, to 15% per annum. On January 31, 2017, the two secured debentures were amended to extend the maturity date to July 31, 2017. Additional transaction costs and penalties incurred for the loan modifications amounted to $223,510. On February 9, 2018, the two secured debentures were renegotiated with the debenture holders to extend the loan to May 1, 2019. A portion of the debenture amounting to CAD $628,585 was amended to be convertible into common shares of the Company, of which, CAD $365,000 were converted on May 1, 2018. The remaining convertible portion is interest free and was to be converted from August 1, 2018 to January 1, 2019. The remaining non-convertible portion of the debenture was to be paid off in 12 equal monthly instalments beginning May 1, 2018, bearing interest at 5% per annum. On September 11, 2018, the remaining convertible portion of the debenture was converted into common shares of the Company and a portion of the non-convertible portion of the debenture was settled through the issue of 316,223 common shares of the Company. On December 13, 2019, the maturity date of the non-convertible portion of the debenture was extended to January 31, 2020 and the interest rate was increased to 10% per annum. (iii) On October 4, 2018, the Company entered into a debenture line of credit of $9,500,000 from Bay Private Equity and received an advance of $100,000. The debenture matured on September 17, 2019 and bears interest at 10% per annum. As compensation for the debenture line of credit the Company issued 950,000 commitment shares to Bay Private Equity and a further 300,000 shares as a finder’s fee to a third party.    
Equipment loans [Member]        
Long-Term Debt (Details) [Line Items]        
Number of equipment loan     2  
Aggregate principal amount (in Dollars)     $ 282,384  
Long term debt term loan     60 years  
Negotiable promissory note and security agreement, description the Company entered into a negotiable promissory note and security agreement with Commercial Credit Group to acquire a crusher from Power Equipment Company for $660,959. An implied interest rate was calculated as 12.36% based on the timing of the initial repayment of $132,200 and subsequent 42 monthly instalments of $15,571.      
Equipment loans [Member] | Minimum [Member]        
Long-Term Debt (Details) [Line Items]        
Bearing interest per annum     4.30%  
Equipment loans [Member] | Maximum [Member]        
Long-Term Debt (Details) [Line Items]        
Bearing interest per annum 12.36%   4.90%