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

Consolidated Statements of Net and Comprehensive Loss

v3.21.1
Consolidated Statements of Net and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Profit or loss [abstract]    
Revenue $ 20,000,000
Expenses    
Amortization 236,842 32,555
Consulting fees 536,968 1,136,146
Foreign exchange loss (gain) 113,972 37,972
Impairment of patent rights 45,981
Insurance 698,961 480,362
Interest charges 1,091,216 422,989
Management salaries and fees 2,549,924 2,547,484
Marketing and investor relations 140,976 289,350
Office and general 385,163 436,051
Professional fees 2,150,958 943,535
Rent 41,320 58,064
Research and development 7,937,171 51,418,056
Stock based compensation 1,097,358 1,651,119
Travel 27,622 272,594
Total expenses 17,054,432 59,726,277
Net Earnings (Loss) from Operations 2,945,568 (59,726,277)
Finance Income (Cost)    
Interest received from investments 29,143 115,584
Gain on settlements 2,512,626
Gain (loss) on change in fair value of warrants (27,855,678) 19,800,645
Warrant liability issue cost (1,816,316) (2,097,031)
Finance Income (cost) (27,130,225) 17,819,198
Net and Comprehensive Loss $ 24,184,657 $ 41,907,079
Basic and Diluted Loss per Share $ 0.36 $ 1.37
Weighted Average Number of Common Shares Basic and Diluted 67,008,897 30,689,545