Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Loss

v3.22.4
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
OPERATING EXPENSES    
Wages and salaries $ 3,923,329 $ 1,766,491
Professional fees 2,669,022 882,146
Consulting 2,561,908 1,088,413
Office and administrative 1,327,739 780,135
Investor and public relations 907,436 748,349
Research and development 615,693 474,338
Share based compensation 420,715 796,141
Sales and marketing 387,130
Lease expense 318,962 168,315
Travel and entertainment 280,838 69,598
Shareholder and regulatory 221,083 143,095
Depreciation 22,413 11,797
Operating loss (13,656,268) (6,928,818)
OTHER EXPENSES / (INCOME)    
Foreign exchange gain (290,079) (162,976)
Gain on conversion of convertible debt (93,973)
Change in fair value of derivative liabilities (3,719,869) (1,191,383)
Accretion of interest on debentures 3,396,578 483,529
Write-off of deposit 151,711
Issuance cost related to warrants 374,465
Loss on extension of debt term 58,952
Other income (75,823)
Net loss (12,873,102) (6,643,116)
Dividend paid to preferred shareholders 735,932
Net loss attributable to common shareholders (12,873,102) (7,379,048)
Other comprehensive loss    
Foreign currency translation (609,624) (152,140)
Comprehensive loss attributable to common shareholders $ (13,482,726) $ (7,531,188)
Basic and diluted net loss attributed to common share $ (0.71) $ (0.66)
Weighted average number of common shares outstanding – basic and diluted 18,080,318 11,164,311