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

Condensed Consolidated Interim Statements of Cash Flows

v3.21.1
Condensed Consolidated Interim Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES        
Net loss for the period $ (884,606) $ (984,716) $ (3,221,526) $ (5,119,146)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation 2,595 2,234 9,059 8,114
Share-based compensation 90,242 99,586 571,210 401,869
Shares issued for consulting services 188,327 30,557 438,076 57,603
Accretion of interest on convertible debentures     5,203
Changes in operating assets and liabilities:        
Decrease (increase) in accounts receivable 2,530 33,823 38,724 (10,823)
Decrease (increase) in prepaid expenses and other current assets (11,955) 9,359 54,779 (17,508)
Increase in accounts payable and accrued liabilities 240,889 (41,885) 257,967 367,202
Net cash used in operating activities (371,978) (851,042) (1,851,711) (4,307,486)
CASH FLOWS FROM INVESTING ACTIVITIES        
Acquisition of equipment (2,157) (1,574) (16,149)
Deposit for purchase of land     (170,000)
Cash paid for construction in progress     (1,286,079)
Net cash used in investing activities (2,157) (171,574) (1,302,228)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of senior secured debentures 600,000    
Financing costs of senior secured debentures (69,000)    
Proceeds from issuance of shares     7,939,528
Proceeds from exercise of warrants     666,878
Proceeds from long term loan     31,417
Payment of IPO costs (61,936) (93,495)
Share repurchased     (19,144)
Share issuance costs     (782,131)
Proceeds from issuance of convertible debt     372,634
Net cash provided by financing activities 469,064 604,800 7,510,887
Effect of exchange rate changes on cash and cash equivalent (12,547) (23,010) (86,996) 178,703
Change in cash 82,382 (874,052) (1,505,481) 2,079,876
Cash, beginning of period 653,410 2,158,891 2,158,891 79,015
Cash, end of period 735,792 1,284,839 653,410 2,158,891
Supplemental cash flow information:        
Cash paid during the period for interest
Cash paid during the period for income taxes
Supplemental disclosure of non-cash investing and financing transactions        
Unpaid amount related to construction in progress included in accounts payable 744,191 744,191 744,191 744,191
Unpaid IPO costs 345,368 29,605 297,437
Fair value of warrants liability in connection with senior secured debentures $ 266,773    
Fair Value of Warrants     21,057
Preferred stock dividend paid in common shares     948,064
Conversion of Convertible Debt     $ 377,921