Annual reports filed by certain Canadian issuers pursuant to Section 15(d) and Rule 15d-4

Statement of Net and Comprehensive Loss

v3.19.1
Statement of Net and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Statement [LineItems]    
Revenue $ 0 $ 0
Expenses:    
Amortization 29,041 17,360
Consulting fees 785,128 598,804
Stock based compensation 1,505,625 1,439,352
Insurance 252,514 25,897
Management salaries and fees 2,683,187 2,449,323
Marketing and investor relations 231,032 277,737
Office and general 412,039 284,532
Professional fees 485,639 452,751
Rent 97,782 97,817
Research and Development 32,858,339 12,900,855
Travel 350,016 339,628
Foreign exchange (gain)/loss (979,894) 542,664
Total expenses 38,710,448 19,426,720
Finance Income (cost):    
Interest 288,300 17,442
Gain (Loss) on change in fair value of warrants 17,095,220 (13,133,671)
Warrant liability issue cost (1,312,344) (1,044,035)
Finance Income (cost) 16,071,176 (14,160,264)
Net and Comprehensive Loss For The Year $ 22,639,272 $ 33,586,984
Basic and Diluted Loss Per Share $ (1.36) $ (4.25)
Weighted Average Number of Common Shares, Basic and Diluted 16,635,092 7,899,443