v3.23.3
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING EXPENSES        
Wages and salaries $ 603,242 $ 695,510 $ 2,319,026 $ 2,521,164
Consulting 147,190 522,576 1,032,210 2,030,994
Professional fees 277,694 1,177,236 1,026,044 2,058,636
Office and administrative 191,829 356,408 821,358 987,298
Share based compensation 80,537 169,020 565,861 705,882
Depreciation and amortization 172,096 6,714 512,695 15,706
Investor and public relations 61,319 111,499 451,184 718,423
Lease expense 73,261 79,293 222,535 238,728
Sales and marketing 11,242 95,750 173,568 186,132
Shareholder and regulatory 35,857 28,431 114,674 175,094
Travel and entertainment 3,813 55,904 104,938 214,725
Research and development (27,046) 110,916 22,312 537,772
Operating loss (1,631,034) (3,409,257) (7,366,405) (10,390,554)
OTHER EXPENSES        
Accretion of interest on debentures (Note 8) 2,064,936 1,688,672 6,045,214 1,688,672
Loss (gain) on conversion of convertible debt (Note 8) 108,125 (93,973) 541,730 (93,973)
Change in fair value of derivative liabilities (Note 11) (326,042) (1,465,027) (6,159,067) (1,683,489)
Foreign exchange loss (gain) 25,472 (104,468) (1,317) (143,432)
Write-off of deposit (Note 3) 12,000
Other income (10,472) (37,831) (64,887) (37,831)
Net loss (3,493,053) (3,396,630) (7,740,078) (10,120,501)
Other comprehensive income (loss)        
Foreign currency translation (226,286) (566,414) 84,719 (599,507)
Comprehensive loss attributable to common shareholders $ (3,719,339) $ (3,963,044) $ (7,655,359) $ (10,720,008)
Basic net loss attributed to common share [1] $ (4.03) $ (8.31) $ (12.58) $ (29.07)
Diluted net loss attributed to common share [1] $ (4.03) $ (8.31) $ (12.58) $ (29.07)
Weighted average number of common shares outstanding - basic [1] 867,110 408,702 615,152 348,133
Weighted average number of common shares outstanding - diluted [1] 867,110 408,702 615,152 348,133
[1] reflects the 1:50 reverse stock split effected on October 11, 2023.

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