Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited)

v3.21.2
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Additional Paid-in Capital [Member]
Obligationto Issue Shares [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance, value at Dec. 31, 2019 $ 3,725,454 $ 6,717,873 $ 726,356 $ 12,463 $ (8,352,354) $ 164,910 $ 2,994,702
Shares, Outstanding, Beginning Balance at Dec. 31, 2019 [1] 7,705,209 2,258,826          
Shares issued for consulting services $ 324,868 (12,463) 312,405
Shares issued for consulting services, shares [1] 96,029            
Shares issued for dividend on Preferred Shares $ 459,236 (459,236)
Shares issued for dividend on Preferred Shares, shares [1] 135,530            
Share based compensation 246,591 246,591
Net loss (1,613,735)   (1,613,735)
Foreign currency translation (148,594) (148,594)
Ending balance, value at Jun. 30, 2020 $ 4,509,558 $ 6,717,873 972,947 (10,425,325) 16,316 1,791,369
Balance, shares at Jun. 30, 2020 [1] 7,936,768 2,258,826          
Beginning balance, value at Mar. 31, 2020 $ 3,755,899 $ 6,717,873 825,942 12,575 (9,337,070) (32,578) 1,942,641
Shares, Outstanding, Beginning Balance at Mar. 31, 2020 [1] 7,717,182 2,258,826          
Shares issued for consulting services $ 294,423 (12,575) 281,848
Shares issued for consulting services, shares [1] 84,056            
Shares issued for dividend on Preferred Shares $ 459,236 (459,236)
Shares issued for dividend on Preferred Shares, shares [1] 135,530            
Share based compensation 147,005 147,005
Net loss (629,019)   (629,019)
Foreign currency translation 48,894 48,894
Ending balance, value at Jun. 30, 2020 $ 4,509,558 $ 6,717,873 972,947 (10,425,325) 16,316 1,791,369
Balance, shares at Jun. 30, 2020 [1] 7,936,768 2,258,826          
Beginning balance, value at Dec. 31, 2020 $ 5,696,050 $ 6,717,873 1,297,566 94,885 (12,521,944) 119,054 1,403,484
Shares, Outstanding, Beginning Balance at Dec. 31, 2020 [1] 8,441,617 2,258,826          
Shares issued for cashless exercise of options
Shares issued for cashless exercise of options, shares [1] 820,029            
Shares issued for compensation $ 514,066 514,066
Shares issued for compensation, shares [1] 98,356            
Shares issued for consulting services $ 220,509 220,509
Shares issued for consulting services, shares [1] 37,237            
Shares issued for debt term extension $ 60,000 60,000
Shares issued for debt term extension, shares 10,000            
Shares issued for dividend on Preferred Shares $ 532,258 (532,258)
Shares issued for dividend on Preferred Shares, shares [1] 135,530            
Share based compensation 155,801 155,801
Net loss (2,091,589) (2,091,589)
Foreign currency translation 7,749 7,749
Ending balance, value at Jun. 30, 2021 $ 7,022,883 $ 6,717,873 1,453,367 94,885 (15,145,791) 126,803 270,020
Balance, shares at Jun. 30, 2021 [1] 9,542,769 2,258,826          
Beginning balance, value at Mar. 31, 2021 $ 5,875,750 $ 6,717,873 1,387,808 103,512 (13,406,550) 132,088 810,481
Shares, Outstanding, Beginning Balance at Mar. 31, 2021 [1] 8,471,617 2,258,826          
Shares issued for cashless exercise of options
Shares issued for cashless exercise of options, shares [1] 820,029            
Shares issued for compensation $ 514,066 514,066
Shares issued for compensation, shares [1] 98,356            
Shares issued for consulting services $ 40,809 (8,627) 32,182
Shares issued for consulting services, shares [1] 7,237            
Shares issued for debt term extension $ 60,000 60,000
Shares issued for debt term extension, shares 10,000            
Shares issued for dividend on Preferred Shares $ 532,258 (532,258)
Shares issued for dividend on Preferred Shares, shares [1] 135,530            
Share based compensation 65,559 65,559
Net loss (1,206,983) (1,206,983)
Foreign currency translation (5,285) (5,285)
Ending balance, value at Jun. 30, 2021 $ 7,022,883 $ 6,717,873 $ 1,453,367 $ 94,885 $ (15,145,791) $ 126,803 $ 270,020
Balance, shares at Jun. 30, 2021 [1] 9,542,769 2,258,826          
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.