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]
Obligation to Issue Shares [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning balance, value at Dec. 31, 2019 $ 3,725,454 [1] $ 6,717,873 [1] $ 726,356 $ 12,463 $ (8,352,354) $ 164,910 $ 2,994,702
Balance, shares at Dec. 31, 2019 [1] 7,705,209 2,258,826          
Shares issued for consulting services $ 324,868 [1] 94,058 418,926
Shares issued for consulting services, shares [1] 96,029            
Shares issued for dividend on Preferred Shares $ 459,236 [1] (459,236)
Shares issued for dividend on Preferred Shares, shares [1] 135,530            
Share based compensation 463,882 463,882
Net loss (2,587,062)   (2,587,062)
Foreign currency translation (113,982) (113,982)
Ending balance, value at Sep. 30, 2020 $ 4,509,558 [1] $ 6,717,873 [1] 1,190,238 106,521 (11,398,652) 50,928 1,176,466
Balance,shares at Sep. 30, 2020 [1] 7,936,768 2,258,826          
Beginning balance, value at Jun. 30, 2020 $ 4,509,558 [1] $ 6,717,873 [1] 972,947 (10,425,325) 16,316 1,791,369
Balance, shares at Jun. 30, 2020 [1] 7,936,768 2,258,826          
Shares issued for consulting services 106,521 106,521
Share based compensation 217,291 217,291
Net loss (973,327)   (973,327)
Foreign currency translation 34,612 34,612
Ending balance, value at Sep. 30, 2020 $ 4,509,558 [1] $ 6,717,873 [1] 1,190,238 106,521 (11,398,652) 50,928 1,176,466
Balance,shares at Sep. 30, 2020 [1] 7,936,768 2,258,826          
Beginning balance, value at Dec. 31, 2020 $ 5,696,050 [1] $ 6,717,873 [1] 1,297,566 94,885 (12,521,944) 119,054 1,403,484
Balance, shares at Dec. 31, 2020 [1] 8,441,617 2,258,826          
Shares issued for cash $ 13,262,712 13,262,712
Shares issued for cash, shares [1] 3,127,998            
Shares issued for Conversion of series A preferred stock $ 6,717,873 [1]  
Shares issued for Conversion of series A preferred stock, shares [1] 2,258,826 (2,258,826)          
Shares issued on exercise of warrants $ 238,800 [1] 44,644 283,444
Shares issued on exercise of warrants, shares [1] 39,800            
Shares issued on cashless exercise of options
Shares issued on cashless exercise of options,shares [1] 820,029            
Shares issued for bonus $ 514,066 [1] 514,066
Shares issued for bonus, shares [1] 98,356            
Shares issued for consulting services $ 349,809 [1] 7,460 357,269
Shares issued for consulting services, shares [1] 62,237            
Share issued for settlement of accrued director’s fee $ 46,783 [1]   46,783
Share issued for settlement of accrued director's fee, shares [1] 19,992            
Shares issued for dividend on Preferred Shares $ 735,932 [1] (735,932)
Shares issued for dividend on Preferred Shares, shares [1] 189,004            
Share issue costs   (2,099,842)
Share based compensation 571,398 571,398
Net loss (3,915,207) (3,915,207)
Foreign currency translation (220,568) (220,568)
Ending balance, value at Sep. 30, 2021 $ 25,462,183 [1] 1,913,608 102,345 (17,173,083) (101,514) 10,203,539
Balance,shares at Sep. 30, 2021 [1] 15,057,859            
Beginning balance, value at Jun. 30, 2021 $ 7,022,883 [1] $ 6,717,873 [1] 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          
Shares issued for cash $ 13,262,712 [1] 13,262,712
Shares issued for cash, shares [1] 3,127,998            
Shares issued for Conversion of series A preferred stock $ 6,717,873 [1]  
Shares issued for Conversion of series A preferred stock, shares [1] 2,258,826 (2,258,826)          
Shares issued on exercise of warrants $ 238,800 [1] 44,644 283,444
Shares issued on exercise of warrants, shares [1] 39,800            
Shares issued for consulting services $ 69,300 [1] 7,460 76,760
Shares issued for consulting services, shares [1] 15,000            
Share issued for settlement of accrued director’s fee $ 46,783 [1] 46,783
Share issued for settlement of accrued director's fee, shares [1] 19,992            
Shares issued for dividend on Preferred Shares $ 203,674 [1] (203,674)
Shares issued for dividend on Preferred Shares, shares [1] 53,474            
Share issue costs $ (2,099,842) (2,099,842)
Share based compensation 415,597 415,597
Net loss (1,823,618) (1,823,618)
Foreign currency translation (228,317) (228,317)
Ending balance, value at Sep. 30, 2021 $ 25,462,183 [1] $ 1,913,608 $ 102,345 $ (17,173,083) $ (101,514) $ 10,203,539
Balance,shares at Sep. 30, 2021 [1] 15,057,859            
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.