Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Statements of Net and Comprehensive Loss

v3.20.1
Statements of Net and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Statement [Line Items]    
Revenue: $ 0  
Expenses:    
Amortization 32,555 $ 29,041
Consulting fees 1,136,146 785,128
Stock based compensation 1,651,119 1,505,625
Insurance 480,362 252,514
Management salaries and fees 2,547,484 2,683,187
Marketing and investor relations 289,350 231,032
Office and general 436,051 412,039
Professional fees 943,535 485,639
Rent 58,064 97,782
Research and Development 51,418,056 32,858,339
Travel 272,594 350,016
Interest charges 422,989  
Foreign exchange (gain)/loss 37,972 (979,894)
Total expenses 59,726,277 38,710,448
Finance Income (cost):    
Interest 115,584 288,300
Gain on change in fair value of warrants 19,800,645 17,095,220
Warrant liability issue cost (2,097,031) (1,312,344)
Finance Income (cost) 17,819,198 16,071,176
Net and Comprehensive Loss For The Year $ 41,907,079 $ 22,639,272
Basic and Diluted Loss Per Share $ (1.37) $ (1.36)
Basic and Diluted 30,689,545 16,635,092