v3.21.2
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING EXPENSES        
Consulting $ 181,651 $ 65,960 $ 491,596 $ 308,345
Depreciation 2,728 2,178 5,323 4,412
Office and administrative 51,288 30,530 112,275 66,789
Investor and public relations 88,249 35,320 165,086 96,513
Professional fees 108,343 69,318 253,251 209,078
Rent 5,092 7,286 20,536
Research and development 31,277 25,735 61,260 113,431
Share-based compensation 65,559 147,005 155,801 246,591
Shareholder and regulatory 1,037 89,460 3,345 92,833
Travel and entertainment 10,231 1,034 11,306 5,677
Wages and salaries 169,300 175,870 338,965 439,890
Operating loss (714,755) (642,410) (1,605,494) (1,604,095)
OTHER EXPENSES        
Foreign exchange loss (gain) 5,609 (13,391) (524) 9,640
Accretion of interest on senior secured debentures 427,360 427,360
Loss on extension of debt term 59,259 59,259
Loss before provision for income taxes (1,206,983) (629,019) (2,091,589) (1,613,735)
Provision for income taxes
Net loss (1,206,983) (629,019) (2,091,589) (1,613,735)
Dividend paid to preferred shareholders 532,258 459,236 532,258 459,236
Net loss attributable to common shareholders (1,739,241) (1,088,255) (2,623,847) (2,072,971)
Other comprehensive income (loss)        
Foreign currency translation (5,285) 48,894 7,749 (148,594)
Comprehensive loss attributable to common shareholders $ (1,744,526) $ (1,039,361) $ (2,616,098) $ (2,221,565)
Basic and diluted net loss attributed to common share* [1] $ (0.20) $ (0.14) $ (0.30) $ (0.27)
Weighted average number of common shares outstanding – basic and diluted* [1] 8,892,989 7,811,788 8,668,881 7,762,577
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.

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