Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 80

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 19
Chunk 80
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1,530,500  
                                12,250,000      10,269,500  

The
weighted average remaining life of the stock options outstanding at December 30, 2024 is 2.99 2.84

Share-based
compensation

Share-based
compensation of $ 541,164 703,612 331,522

Share-based
payments for options granted and repriced were measured using the Black-Scholes option pricing model with the following assumptions:

SCHEDULE OF SHARE BASED COMPENSATION FOR OPTIONS GRANTED

                     2024             2023        
  Expected           3.69 years       3.30 years  
  life                                            
  Volatility         110%- 115        134%        
                                      - 174       
 ──────────────────────────────────────────────────
  Dividend           0                0           
  Risk-free          2.68%- 3.52      3.28%       

Option
pricing models require the use of highly subjective estimates and assumptions, including the expected stock price volatility. Changes
in the underlying assumptions can materially affect the fair value estimates.

Avricore
Health Inc.

Notes
to the Consolidated Financial Statements

For
the years ended December 31, 2024, 2023 and 2022

(Expressed
in Canadian Dollars)

  10.      SHARE                
           CAPITAL (continued)  
 ────────────────────────────────

Warrants

The
Company has issued warrants entitling the holders to acquire common shares of the Company. The summary of changes in warrants is presented
below.

SUMMARY
OF CHANGES IN WARRANTS

                   2024             2023              2022                              
                   Number           Number            Weighted                          
                   of Warrants      of Warrants       Average Exercise Price            
  Beginning                         18,781,066        $                           0.21  
  Balance                                                                               
  Warrants                          -                                             -     
  issued                                                                                
  Warrants                          ( 909,400         $                           0.19  
  exercised                                                                             
  Warrants                          ( 17,871,666      $                           0.22  
  expired                                                                               
  Outstanding                       -                                             -     
 ────────────────────────────────────────────────────────────────────────────────────────

Fair
value of the finder’s warrants granted is measured using the Black-Scholes pricing model. Black-Scholes pricing models require
the use of