Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited)

v3.22.2.2
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING EXPENSES        
Wages and salaries $ 1,359,503 $ 169,300 $ 2,148,144 $ 338,965
Consulting 1,145,323 181,651 1,508,418 491,596
Professional fees 780,331 108,343 881,400 253,251
Office and administrative 317,152 51,288 630,890 112,275
Investor and public relations 261,435 88,249 606,924 165,086
Research and development 30,329 31,277 426,856 61,260
Share based compensation 56,390 65,559 214,372 155,801
Lease expense 78,498 5,092 159,435 7,286
Travel and entertainment 89,694 10,231 158,821 11,306
Shareholder and regulatory 37,684 1,037 146,663 3,345
Sales and marketing 59,757 90,382
Depreciation 5,465 2,728 8,992 5,323
Operating loss (4,221,561) (714,755) (6,981,297) (1,605,494)
OTHER EXPENSES        
Foreign exchange loss (gain) (103,472) 5,609 (38,964) (524)
Change in fair value of warrants (675,504) (218,462)
Accretion of interest on senior secured debentures 427,360 427,360
Loss on extension of debt term 59,259 59,259
Net loss (3,442,585) (1,206,983) (6,723,871) (2,091,589)
Dividend paid to preferred shareholders 532,258 532,258
Net loss attributable to common shareholders (3,442,585) (1,739,241) (6,723,871) (2,623,847)
Other comprehensive income (loss)        
Foreign currency translation (21,192) (5,285) (33,093) 7,749
Comprehensive loss attributable to common shareholders $ (3,463,777) $ (1,744,526) $ (6,756,964) $ (2,616,098)
Basic and diluted net loss attributed to common share $ (0.21) $ (0.20) $ (0.43) $ (0.30)
Weighted average number of common shares outstanding – basic and diluted 16,518,480 8,892,989 15,872,349 8,668,881