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 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Profit or loss [abstract]        
Revenue $ 10,000,000
Expenses        
Amortization 39,383 7,300 88,953 20,766
Consulting fees 122,453 317,771 318,322 1,038,268
Stock based compensation 286,111 412,956 720,774 1,404,364
Insurance 224,994 122,588 470,571 357,200
Management salaries and fees 524,015 394,978 1,670,887 1,793,444
Marketing and investor relations 63,598 72,922 81,085 281,598
Office and general 106,897 336,609 292,739 531,016
Professional fees 234,243 190,800 1,624,186 597,645
Rent 6,948 17,595 20,149 46,346
Research and development 2,265,975 16,570,480 2,433,557 49,339,766
Travel 1,883 95,358 14,643 243,353
Interest charges 591,702 1,056,941
Foreign exchange loss (gain) 55,862 (68,045) 6,939 (26,998)
Total expenses 4,524,064 18,471,312 8,799,746 55,626,768
Net Earnings (Loss) from Operations (4,524,064) (18,471,312) 1,200,254 (55,626,768)
Finance Income (Cost)        
Interest received from investments 11,362 19,314 17,936 113,532
Gain on settlement 1,839,626
Gain (loss) on change in fair value of warrants 2,872,069 16,887,802 (4,793,375) 13,021,129
Warrant liability issue cost (1,816,316) (1,827,835)
Finance Income (Cost) 2,883,431 16,907,116 (4,752,129) 11,306,826
Net and Comprehensive Loss for the Period $ 1,640,633 $ 1,564,196 $ 3,551,875 $ 44,319,942
Basic and Diluted Loss per Share $ 0.02 $ 0.05 $ 0.06 $ 1.54
Weighted Average Number of Common Shares Basic and Diluted 80,462,610 31,990,989 61,901,265 28,807,958