General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Interim Balance Sheets

v3.21.1
Condensed Consolidated Interim Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current      
Cash $ 735,792 $ 653,410 $ 2,158,891
Accounts receivable 6,443 8,973 47,697
Prepaid expenses and other current assets 224,993 213,038 97,817
Total current assets 967,228 875,421 2,304,405
Property and equipment, net 28,356 28,443 35,611
Deferred IPO costs 500,799 390,932
Construction in progress 2,096,950 2,071,093 2,030,270
Total assets 3,593,333 3,365,889 4,370,286
Current      
Accounts payable and accrued liabilities 2,219,877 1,930,988 1,375,584
Senior secured debentures, net (Note 5) 264,393  
Total current liabilities 2,484,270 1,930,988 1,375,584
Non-current      
Warrants liability, fair value 266,773  
Long term loan 31,809 31,417
Total liabilities 2,782,852 1,962,405 1,375,584
Commitments and contingencies (Note 7)  
Shareholders' equity      
Preferred Shares, value [1] 6,717,873 6,717,873 6,717,873
Common shares, value [1] 5,875,750 5,696,050 3,725,454
Additional paid-in-capital 1,387,808 1,297,566 726,356
Obligation to issue shares 103,512 94,885 12,463
Accumulated deficit (13,406,550) (12,521,944) (8,352,354)
Accumulated other comprehensive income 132,088 119,054 164,910
Total shareholders' equity 810,481 1,403,484 2,994,702
Total liabilities and shareholders' equity $ 3,593,333 $ 3,365,889 $ 4,370,286
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.