v3.23.3
Condensed Consolidated Interim Balance Sheets
Sep. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Current    
Cash and cash equivalents $ 586,565 $ 2,269,320
Other receivable 74,735 48,941
Prepaid expenses and other current assets (Note 3) 242,033 598,342
Inventories (Note 4) 38,167
Advance (Note 5) 218,934
Total current assets 1,160,434 2,916,603
Non-current    
Property and equipment, net 92,482 121,672
Intangible asset (Note 6) 12,620,896 13,089,377
Operating lease right-of-use asset 1,406,060 1,540,748
Construction in progress 2,056,459 2,092,533
Land deposit (Note 3) 2,085,960
Total assets 17,336,331 21,846,893
Current    
Accounts payable and accrued liabilities (Note 7) 1,891,589 1,147,739
Debentures (Note 8 and 14) 4,669,944 3,941,916
Contract liabilities (Note 9) 23,262
Lease liability – current (Note 13) 275,584 271,110
Total current liabilities 6,860,379 5,360,765
Non-current    
Lease liability – non-current (Note 13) 1,122,692 1,250,060
Derivative liabilities (Note 11) 1,958,568 4,649,115
Long term loan (Note 10) 44,379 44,300
Total liabilities 9,986,018 11,304,240
Commitments and contingencies (Note 14)
Shareholders’ equity    
Common shares, no par value per share – unlimited shares authorized; 1,071,516 and 315,916 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively [1] 41,891,730 27,142,762
Obligation to issue shares 44,214
Additional paid-in-capital 6,486,532 16,816,695
Accumulated deficit (40,514,172) (32,774,094)
Accumulated other comprehensive income (557,991) (642,710)
Total shareholders’ equity 7,350,313 10,542,653
Total liabilities and shareholders’ equity $ 17,336,331 $ 21,846,893
[1] reflects the 1:50 reverse stock split effected on October 11, 2023.

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