CAPITAL MANAGEMENT |
12 Months Ended | ||
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Dec. 31, 2020 | |||
Text block [abstract] | |||
CAPITAL MANAGEMENT |
The Company’s capital is composed of shareholders’ equity. The Company manages its capital structure and adjusts
it, based on the funds available to the Company, to support the development of its single access robotic surgical system. The Board of Directors does not establish quantitative return on capital criteria for management, but rather relies
on the expertise of the Company’s management to sustain future development of its single access robotic surgical system. The Company has further progress to make in the development of the single access robotic surgical system and
anticipates that the cost of completion will exceed its current resources. Accordingly, the Company will be dependent on external financing to fund its future activities. To carry out the completion of the single access robotic surgical
system and pay for administrative costs, the Company will continue to raise additional amounts as needed. Management reviews its capital management approach on an ongoing basis and believes that this approach, given the relative size of
the Company, is reasonable. There were no changes in the Company's approach to capital management during the year ended December 31, 2020.
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