Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Unaudited Condensed Interim Consolidated Statements of Net and Comprehensive Loss

v3.20.2
Unaudited Condensed Interim Consolidated Statements of Net and Comprehensive Loss - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Profit or loss [abstract]        
Revenue $ 10,000,000 $ 10,000,000
Expenses        
Amortization 35,475 7,291 49,570 13,466
Consulting fees 83,744 451,068 195,869 720,497
Stock based compensation 206,087 740,051 434,663 991,408
Insurance 122,415 116,123 245,577 234,612
Management salaries and fees 605,277 749,880 1,146,872 1,398,466
Marketing and investor relations 8,843 102,487 17,487 208,676
Office and general 45,955 77,136 185,842 194,407
Professional fees 1,031,457 303,460 1,389,943 406,845
Rent 5,960 16,515 13,201 28,751
Research and Development 121,463 18,360,674 167,582 32,769,286
Travel 1,622 80,631 12,760 147,995
Interest charges 252,542 465,239
Foreign exchange (gain) 24,580 148,689 (48,923) 41,047
Total expenses 2,545,420 21,154,005 4,275,682 37,155,456
Net Earnings (Loss) from Operations 7,454,580 (21,154,005) 5,724,318 (37,155,456)
Finance Income (cost)        
Interest 4,831 71,187 6,574 94,218
Gain on settlement 1,839,626 1,839,626
Gain (loss) on change in fair value of warrants (8,782,920) 6,609,952 (7,665,444) (3,866,673)
Warrant liability issue cost (1,659,316) (1,816,316) (1,827,835)
Finance Income (cost) (8,597,779) 6,681,139 (7,635,560) (5,600,290)
Net and Comprehensive Loss For the Period $ (1,143,199) $ (14,472,866) $ (1,911,242) $ (42,755,746)
Basic and Diluted Loss Per Share $ (0.02) $ (0.46) $ (0.04) $ (1.57)
Weighted Average Number of Common Shares Basic and Diluted 60,764,929 31,150,237 52,518,608 27,190,063