v3.22.2.2
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING EXPENSES        
Wages and salaries $ 796,074 $ 650,456 $ 2,944,218 $ 989,421
Consulting 522,576 129,364 2,030,994 620,960
Professional fees 1,177,236 140,653 2,058,636 393,904
Office and administrative 356,408 327,257 987,298 439,532
Investor and public relations 111,499 390,579 718,423 555,665
Research and development 110,916 116,857 537,772 178,117
Share based compensation 68,456 415,597 282,828 571,398
Lease expense 79,293 65,187 238,728 72,473
Travel and entertainment 55,904 28,545 214,725 39,851
Sales and marketing 95,750 186,132
Shareholder and regulatory 28,431 114,002 175,094 117,347
Depreciation 6,714 2,283 15,706 7,606
Operating loss (3,409,257) (2,380,780) (10,390,554) (3,986,274)
OTHER EXPENSES        
Foreign exchange loss (gain) (104,468) (170,140) (143,432) (170,664)
Gain on conversion of convertible debt (Note 6) (93,973) (93,973)
Change in fair value of derivative liabilities (Note 8) (1,465,027) (818,960) (1,683,489) (818,960)
Accretion of interest on senior secured debentures 1,688,672 57,019 1,688,672 484,379
Issuance cost related to warrants 375,123 375,123
Loss (gain) on extension of debt term (204) 59,055
Other income (37,831) (37,831)
Net loss (3,396,630) (1,823,618) (10,120,501) (3,915,207)
Dividend paid to preferred shareholders 203,674 735,932
Net loss attributable to common shareholders (3,396,630) (2,027,292) (10,120,501) (4,651,139)
Other comprehensive loss        
Foreign currency translation loss (566,414) (228,317) (599,507) (220,568)
Comprehensive loss attributable to common shareholders $ (3,963,044) $ (2,255,609) $ (10,720,008) $ (4,871,707)
Basic and diluted net loss attributed to common share $ (0.17) $ (0.14) $ (0.58) $ (0.46)
Weighted average number of common shares outstanding – basic and diluted 20,435,059 14,378,354 17,406,641 10,144,800

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