Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited)

v3.23.1
Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING EXPENSES    
Wages and salaries $ 1,021,046 $ 788,641
Office and administrative 335,761 313,738
Professional fees 287,366 101,069
Investor and public relations 267,918 345,489
Consulting 209,115 363,095
Share based compensation 175,979 157,982
Depreciation and amortization 168,760 3,527
Sales and marketing 100,578 30,625
Lease expense 76,080 80,937
Travel and entertainment 72,644 69,127
Shareholder and regulatory 70,395 108,979
Research and development 36,123 396,527
Operating loss (2,821,765) (2,759,736)
OTHER EXPENSES    
Accretion of interest on debentures (Note 6) 1,872,470
Loss on conversion of convertible debt (Note 6) 419,703
Change in fair value of derivative liabilities (Note 8) (3,374,032) 457,042
Foreign exchange loss 6,620 64,508
Write-off of deposit (Note 3) 12,000
Other income (38,473)
Net loss (1,720,053) (3,281,286)
Other comprehensive loss    
Foreign currency translation income (loss) 114,886 (11,901)
Comprehensive loss attributable to common shareholders $ (1,605,167) $ (3,293,187)
Basic and diluted net loss attributed to common share $ (0.07) $ (0.22)
Weighted average number of common shares outstanding – basic and diluted 23,728,608 15,219,038