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

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Operating activities:    
Net loss for the year $ (22,639,272) $ (33,586,984)
Items not involving cash:    
Amortization 29,041 17,360
Stock based compensation 1,505,625 1,439,352
Other share compensation 66,234 120,171
Warrant liability-fair value adjustment (17,095,220) 12,423,889
Warrant liability-foreign exchange adjustment (984,462) 305,475
Loss on extinquishment of other liabilities   709,782
Changes in non-cash working capital items:    
Amounts receivable, prepaid expenses and deposits (6,508,259) (504,056)
Accounts payable and accrued liabilities 4,229,536 (13,849)
Cash used in operating activities (41,396,777) (19,088,860)
Financing activities:    
Net proceeds from issuance of common shares and warrants 27,158,114 41,084,278
Cash provided by financing activities 27,158,114 41,084,278
Investing Activities:    
Increase in furniture and equipment   (3,427)
Cost of Patents (420,587) (201,409)
Cash used in investing activities (420,587) (204,836)
Increase (decrease) in cash and cash equivalents (14,659,250) 21,790,582
Cash and cash equivalents, beginning of year 26,130,493 4,339,911
Cash and cash equivalents, end of year 11,471,243 26,130,493
Cash and cash equivalents comprise:    
Cash 100,130 354,295
Cash Equivalents 11,371,113 25,776,198
Cash and cash equivalents, end of year $ 11,471,243 $ 26,130,493