Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Loss

v3.22.1
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
OPERATING EXPENSES    
Consulting $ 1,088,413 $ 441,021
Depreciation 11,797 9,059
Office and administrative 780,135 189,813
Investor and public relations 748,349 121,126
Professional fees 882,146 445,158
Rent 168,315 20,898
Research and development 474,338 123,915
Share based compensation 796,141 571,210
Shareholder and regulatory 143,095 337,878
Travel and entertainment 69,598 13,426
Wages and salaries 1,766,491 1,071,867
Operating loss (6,928,818) (3,345,371)
OTHER EXPENSES / (INCOME)    
Foreign exchange gain (162,976) (17,650)
Write-off of deposit 151,711
Accretion of interest on senior secured debentures 483,529
Change in fair value of warrants (1,191,383)
Issuance cost related to warrants 374,465
Loss on extension of debt term 58,952
SR&ED tax incentive income (106,195)
Net loss (6,643,116) (3,221,526)
Dividend paid to preferred shareholders 735,932 948,064
Net loss attributable to common shareholders (7,379,048) (4,169,590)
Other comprehensive loss    
Foreign currency translation (152,140) (45,856)
Comprehensive loss attributable to common shareholders $ (7,531,188) $ (4,215,446)
Basic and diluted net loss attributed to common share [1] $ (0.66) $ (0.53)
Weighted average number of common shares outstanding - basic and diluted* [1] 11,164,311 7,907,233
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.