Statements of Net and Comprehensive Loss - USD ($) |
12 Months Ended | |
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Dec. 31, 2019 |
Dec. 31, 2018 |
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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 |
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- Definition The amount of expenses that the entity classifies as being administrative. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of amortisation expense. Amortisation is the systematic allocation of depreciable amounts of intangible assets over their useful lives. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Basic and diluted earnings (loss) per share from continuing operations. [Refer: Basic and diluted earnings (loss) per share] Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expenses aggregated according to their nature (for example, depreciation, purchases of materials, transport costs, employee benefits and advertising costs), and not reallocated among functions within the entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of expense from share-based payment transactions with employees. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense relating to fees and commissions. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of income or cost associated with interest and other financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of exchange differences recognised in profit or loss that arise from foreign currency transactions, excluding those arising on financial instruments measured at fair value through profit or loss in accordance with IFRS 9. [Refer: At fair value [member]; Financial instruments, class [member]] Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of expense arising from purchased insurance. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of fees paid or payable for professional services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense recognised on rental activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expenditure directly attributable to research or development activities, recognised in profit or loss. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expiry date 2020-01-01: The income arising in the course of an entity's ordinary activities. Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets or decreases of liabilities that result in an increase in equity, other than those relating to contributions from equity participants. Effective 2020-01-01: The income arising in the course of an entity's ordinary activities. Income is increases in assets, or decreases in liabilities, that result in increases in equity, other than those relating to contributions from holders of equity claims. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of income arising from interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of expense relating to the marketing and selling of goods or services. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense arising from travel. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The number of ordinary shares outstanding at the beginning of the period, adjusted by the number of ordinary shares bought back or issued during the period multiplied by a time-weighting factor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Finance income cost [abstract] No definition available.
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- Definition Gain loss on change of fair value of warrant liability. No definition available.
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- Definition Management salaries and fees No definition available.
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- References No definition available.
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- Definition Warrant liability issue cost. No definition available.
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