v3.22.1
Condensed Consolidated Interim Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current    
Cash and cash equivalents $ 4,378,121 $ 7,775,290
Other receivable 22,608 32,326
Prepaid expenses and other current assets (Note 3) 483,609 309,040
Total current assets 4,884,338 8,116,656
Non-current    
Property and equipment, net 37,962 40,971
Intangible asset (Note 4) 1,498,752 1,477,237
Operating lease right-of-use asset 1,783,980
Lease deposit, non-current 50,608
Construction in progress 2,160,207 2,079,914
Total assets 10,365,239 11,765,386
Current    
Accounts payable and accrued liabilities (Note 5) 848,346 1,532,312
Contingent consideration payable 764,705 753,727
Lease liabilities – current 147,597
Total current liabilities 1,760,648 2,286,039
Non-current    
Deferred rent 12,954
Lease liabilities – non-current 1,603,888
Warrants liability (Note 6 and Note 8) 1,902,598 1,418,964
Long term loan (Note 7) 48,015 47,326
Total liabilities 5,315,149 3,765,283
Commitments and contingencies (Note 11)
Shareholders’ equity    
Preferred Shares, no par value per share – unlimited shares authorized; nil shares issued and outstanding
Common shares, no par value per share – unlimited shares authorized; 15,247,012 and 15,176,698 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively 25,822,735 25,637,543
Additional paid-in-capital 2,361,325 2,203,343
Obligation to issue shares 93,295 93,295
Accumulated deficit (23,182,278) (19,900,992)
Accumulated other comprehensive income (44,987) (33,086)
Total shareholders’ equity 5,050,090 8,000,103
Total liabilities and shareholders’ equity $ 10,365,239 $ 11,765,386

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