v3.21.2
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current    
Cash and cash equivalents $ 9,834,516 $ 653,410
Other receivables 31,547 8,973
Prepaid expenses and other current assets (Note 3) 479,870 213,038
Total current assets 10,345,933 875,421
Non-current    
Property and equipment, net 38,499 28,443
Intangible asset (Note 4) 1,469,933
Deferred IPO costs 390,932
Construction in progress 2,069,630 2,071,093
Total assets 13,923,995 3,365,889
Current    
Accounts payable and accrued liabilities (Note 5) 1,080,469 1,930,988
Contingent consideration payable 750,000
Total current liabilities 1,830,469 1,930,988
Non-current    
Warrants liability (Note 8) 1,842,895
Long term loan (Note 7) 47,092 31,417
Total liabilities 3,720,456 1,962,405
Commitments and contingencies (Note 10)  
Shareholders’ equity    
Preferred Shares, no par value per share - unlimited shares authorized; nil and 2,258,826 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively [1] 6,717,873
Common shares, no par value per share - unlimited shares authorized; 15,057,859 and 8,441,617 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively [1] 25,462,183 5,696,050
Additional paid-in-capital 1,913,608 1,297,566
Obligation to issue shares 102,345 94,885
Accumulated deficit (17,173,083) (12,521,944)
Accumulated other comprehensive income (101,514) 119,054
Total shareholders’ equity 10,203,539 1,403,484
Total liabilities and shareholders’ equity $ 13,923,995 $ 3,365,889
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.

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