v3.21.2
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING EXPENSES        
Consulting $ 129,364 $ 54,415 $ 620,960 $ 362,760
Depreciation 2,283 2,285 7,606 6,697
Office and administrative 327,257 80,506 439,532 147,295
Investor and public relations 390,579 55,975 555,665 152,488
Professional fees 140,653 144,508 393,904 353,586
Rent 65,187 167 72,473 20,703
Research and development 116,857 921 178,117 114,352
Share-based compensation 415,597 217,291 571,398 463,882
Shareholder and regulatory 114,002 284,423 117,347 377,256
Travel and entertainment 28,545 46 39,851 5,723
Wages and salaries 650,456 140,419 989,421 580,309
Operating loss (2,380,780) (980,956) (3,986,274) (2,585,051)
OTHER EXPENSES        
Foreign exchange (gain) loss (170,140) (7,629) (170,664) 2,011
Accretion of interest on senior secured debentures 57,019 484,379
Change in fair value of warrants (818,960) (818,960)
Issuance cost related to warrants 375,123 375,123
Loss on extension of debt term (204) 59,055
Loss before provision for income taxes (1,823,618) (973,327) (3,915,207) (2,587,062)
Provision for income taxes
Net loss (1,823,618) (973,327) (3,915,207) (2,587,062)
Dividend paid to preferred shareholders 203,674 735,932 459,236
Net loss attributable to common shareholders (2,027,292) (973,327) (4,651,139) (3,046,298)
Other comprehensive income (loss)        
Foreign currency translation (228,317) 34,612 (220,568) (113,982)
Comprehensive loss attributable to common shareholders $ (2,255,609) $ (938,715) $ (4,871,707) $ (3,160,280)
Basic and diluted net loss attributed to common share [1] $ (0.14) $ (0.12) $ (0.46) $ (0.39)
Weighted average number of common shares outstanding – basic and diluted* 14,378,354 7,936,767 10,144,800 7,821,064
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.

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