Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.22.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Additional Paid-in Capital [Member]
Obligation To Issue Shares [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Beginning Balance, at Dec. 31, 2019 $ 3,725,454 $ 6,717,873 $ 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 on exercise of warrants $ 666,878 666,878
Shares issued on exercise of warrants, shares [1] 365,112            
Shares issued for consulting services $ 355,654 82,422 438,076
Shares issued for consulting services, shares [1] 100,237            
Shares issued for dividend on Preferred shares $ 948,064 (948,064)
Shares issued for dividend on Preferred Shares, shares [1] 271,059            
Share based compensation 571,210 571,210
Net loss (3,221,526) (3,221,526)
Foreign currency translation (45,856) (45,856)
Ending Balance at Dec. 31, 2020 $ 5,696,050 $ 6,717,873 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 3,127,998 [1]          
Shares issued for conversion of series A Preferred Stock $ 6,717,873 $ (6,717,873)
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 44,644 283,444
Shares issued on exercise of warrants, shares 39,800 [1]          
Shares issued on cashless exercise of warrants 64,992 64,992
Shares issued on cashless exercise of options,shares [1] 36,275            
Shares issued on exercise of options $ 9,123 9,123
Shares issued on exercise of options, shares [1] 7,018            
Shares issued on cashless exercise of options
Shares issued on cashless exercise of options,shares [1] 820,029            
Shares issued for bonus and compensation $ 648,449 648,449
Shares issued for bonus, shares [1] 159,775            
Shares issued for consulting services $ 381,663 (1,590) 380,073
Shares issued for consulting services, shares [1] 76,364            
Share issued for settlement of accrued director’s fee $ 46,783 46,783
Share issued for settlement of accrued director's fee, shares [1] 19,992            
Shares issued for dividend on Preferred shares $ 735,932 (735,932)
Shares issued for dividend on Preferred Shares, shares [1] 189,004            
Share issue costs $ (2,099,842) (2,099,842)
Share based compensation 796,141 796,141
Net loss (6,643,116) (6,643,116)
Foreign currency translation (152,140) (152,140)
Ending Balance at Dec. 31, 2021 $ 25,637,543 $ 2,203,343 $ 93,295 $ (19,900,992) $ (33,086) $ 8,000,103
Balance,shares at Dec. 31, 2021 [1] 15,176,698          
[1] reflects the 1:4.75 reverse stock split effected on November 29, 2020.