v3.21.2
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current    
Cash $ 157,051 $ 653,410
Accounts receivable 9,511 8,973
Prepaid expenses and other current assets (Note 3) 229,831 213,038
Total current assets 396,393 875,421
Non-current    
Property and equipment, net 26,065 28,443
Deferred IPO costs 1,042,729 390,932
Construction in progress 2,127,574 2,071,093
Total assets 3,592,761 3,365,889
Current    
Accounts payable and accrued liabilities (Note 4) 2,305,426 1,930,988
Senior secured debentures, net (Note 5) 698,235
Total current liabilities 3,003,661 1,930,988
Non-current    
Obligation to issue warrants (Note 5) 270,669
Long term loan (Note 6) 48,411 31,417
Total liabilities 3,322,741 1,962,405
Commitments and contingencies (Note 8)  
Shareholders’ equity    
Preferred Shares, no par value per share - unlimited shares authorized; 2,258,826 shares issued and outstanding at June 30, 2021 and December 31, 2020* [1] 6,717,873 6,717,873
Common shares, no par value per share - unlimited shares authorized; 9,542,769 and 8,441,617 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively* [1] 7,022,883 5,696,050
Additional paid-in-capital 1,453,367 1,297,566
Obligation to issue shares 94,885 94,885
Accumulated deficit (15,145,791) (12,521,944)
Accumulated other comprehensive income 126,803 119,054
Total shareholders’ equity 270,020 1,403,484
Total liabilities and shareholders’ equity $ 3,592,761 $ 3,365,889
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.

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