Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 78

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 19
Chunk 78
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3               
 ──────────────────────────────────────────────────────────────────────────────────────────────────
                                                $                          $                      
  Trade                                                       255,965                    428,677  
  GST                                                          74,852                     60,541  
  Accounts                                                    330,817                    489,218  

  LOANS    
  PAYABLE  
 ───────────

During
the year ended December 31, 2020, the Company received a Canada Emergency Business Account loan of $ 40,000 30,000 10,000

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  
 ────────────────────

Authorized
share capital

Authorized:
Unlimited number of common shares without par value.

Issued
share capital

During
the year ended December 31, 2024:

The
Company issued 1,645,000 86,600 32,079

During
the year ended December 31, 2023:

The
Company issued 400,000 42,500 78,887

During
the year ended December 31, 2022:

The
Company issued 800,000 80,000 191,000

Stock
options

The
Company has adopted a fixed up to 20% incentive share purchase option plan under the rules of the Exchange pursuant to which it is authorized
to grant options to acquire up to 19,970,000 ten years 25

The
changes in stock options including those granted to directors, officers, employees and consultants are summarized as follows:

SCHEDULE OF SUMMARIZES THE SHARE OPTION ACTIVITY

                                                        Weighted                                                       
                                          Average Exercise Price                                                       
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Beginning               10,350,000                       $0.17       8,635,000      0.14        7,880,052      0.13  
  Options                  3,661,000                       $0.28       2,365,000      0.26        3,125,000      0.15  
  Expired/Cancelled        ( 116,000                       $0.09       ( 250,000      0.17      (