Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited)

v3.22.2.2
Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited) - 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, value at Dec. 31, 2020 $ 5,696,050 $ 6,717,873 $ 1,297,566 $ 94,885 $ (12,521,944) $ 119,054 $ 1,403,484
Beginning balance, shares at Dec. 31, 2020 8,441,617 2,258,826          
Shares issued for consulting services $ 220,509 220,509
Shares issued for consulting services, shares 37,237            
Share based compensation 155,801 155,801
Net loss (2,091,589) (2,091,589)
Foreign currency translation 7,749 7,749
Shares issued for cashless exercise of options
Shares issued for cashless exercise of options, shares 820,029            
Shares issued for compensation $ 514,066 514,066
Shares issued for compensation, shares 98,356            
Shares issued for debt term extension $ 60,000 60,000
Shares issued for debt term extension, shares 10,000            
Shares issued for dividend on Preferred Shares $ 532,258 (532,258)
Shares issued for dividend on Preferred Shares 135,530            
Ending balance, value at Jun. 30, 2021 $ 7,022,883 $ 6,717,873 1,453,367 94,885 (15,145,791) 126,803 270,020
Ending balance, shares at Jun. 30, 2021 9,542,769 2,258,826          
Beginning balance, value at Mar. 31, 2021 $ 5,875,750 $ 6,717,873 1,387,808 103,512 (13,406,550) 132,088 810,481
Beginning balance, shares at Mar. 31, 2021 8,471,617 2,258,826          
Shares issued for consulting services $ 40,809 (8,627) 32,182
Shares issued for consulting services, shares 7,237            
Share based compensation 65,559 65,559
Net loss (1,206,983) (1,206,983)
Foreign currency translation (5,285) (5,285)
Shares issued for cashless exercise of options
Shares issued for cashless exercise of options, shares 820,029            
Shares issued for compensation $ 514,066 514,066
Shares issued for compensation, shares 98,356            
Shares issued for debt term extension $ 60,000 60,000
Shares issued for debt term extension, shares 10,000            
Shares issued for dividend on Preferred Shares $ 532,258 (532,258)
Shares issued for dividend on Preferred Shares 135,530            
Ending balance, value at Jun. 30, 2021 $ 7,022,883 $ 6,717,873 1,453,367 94,885 (15,145,791) 126,803 270,020
Ending balance, shares at Jun. 30, 2021 9,542,769 2,258,826          
Beginning balance, value at Dec. 31, 2021 $ 25,637,543 2,203,343 93,295 (19,900,992) (33,086) 8,000,103
Beginning balance, shares at Dec. 31, 2021 15,176,698          
Shares issued for consulting services $ 741,957 (93,295) 648,662
Shares issued for consulting services, shares 229,767            
Shares issued for compensation and bonus $ 331,490 331,490
Shares issued for compensation and bonus, shares 108,164            
Share based compensation 214,372 214,372
Prefunded warrants issued 7,705,600 7,705,600
Net loss (6,723,871) (6,723,871)
Foreign currency translation (33,093) (33,093)
Ending balance, value at Jun. 30, 2022 $ 26,710,990 10,123,315 (26,624,863) (66,179) 10,143,263
Ending balance, shares at Jun. 30, 2022 15,514,629          
Beginning balance, value at Mar. 31, 2022 $ 25,822,735 2,361,325 93,295 (23,182,278) (44,987) 5,050,090
Beginning balance, shares at Mar. 31, 2022 15,247,012          
Shares issued for consulting services $ 653,886 (93,295) 560,591
Shares issued for consulting services, shares 188,770            
Shares issued for compensation and bonus $ 234,369   234,369
Shares issued for compensation and bonus, shares 78,847            
Share based compensation 56,390 56,390
Prefunded warrants issued 7,705,600 7,705,600
Net loss (3,442,585) (3,442,585)
Foreign currency translation (21,192) (21,192)
Ending balance, value at Jun. 30, 2022 $ 26,710,990 $ 10,123,315 $ (26,624,863) $ (66,179) $ 10,143,263
Ending balance, shares at Jun. 30, 2022 15,514,629