Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Current    
Cash $ 2,269,320 $ 7,775,290
Other receivable 48,941 32,326
Prepaid expenses and other current assets 598,342 309,040
Total current assets 2,916,603 8,116,656
Non-current    
Property and equipment, net 121,672 40,971
Intangible asset 13,089,377 1,477,237
Operating lease right-of-use asset 1,540,748
Lease deposit, non-current 50,608
Construction in progress 2,092,533 2,079,914
Land deposit 2,085,960
Total assets 21,846,893 11,765,386
Current    
Accounts payable and accrued liabilities 1,147,739 1,532,312
Contingent consideration payable 753,727
Debentures 3,941,916
Lease liability – current 271,110
Total current liabilities 5,360,765 2,286,039
Non-current    
Deferred rent 12,954
Lease liability – non-current 1,250,060
Derivative liabilities 4,649,115 1,418,964
Long term loan 44,300 47,326
Total liabilities 11,304,240 3,765,283
Commitments and contingencies
Shareholders’ equity    
Common shares, no par value per share - unlimited shares authorized; 15,795,798 and 15,176,698 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 27,142,762 25,637,543
Additional paid-in-capital 16,816,695 2,203,343
Obligation to issue shares 93,295
Accumulated deficit (32,774,094) (19,900,992)
Accumulated other comprehensive loss (642,710) (33,086)
Total shareholders’ equity 10,542,653 8,000,103
Total liabilities and shareholders’ equity $ 21,846,893 $ 11,765,386