Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Condensed Interim Consolidated Statements of Cash Flows (Unaudited)

v3.22.2.2
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
OPERATING ACTIVITIES    
Loss for the year $ (6,581,561) $ (13,768,344)
Items not affecting cash:    
Amortization (Note 7) 140,364 156,553
Amortization of intangible assets (Note 10) 1,267,679 927,713
Shares issued for services 206,614
Finance expense 44,097 137,630
Accrued interest 12,820 22,543
Effect of foreign exchange (272,633) 189,769
Change in fair value of warrant liability (361,049) 3,613,445
Share-based compensation 884,322 478,008
Changes in non-cash working capital items:    
Receivables 85,657 421,488
Prepaids and other assets (189,596) (488,400)
Deferred revenue (109,851) (16,795)
Accounts payable and accrued liabilities (326,737) (572,471)
Cash used in operating activities (5,406,488) (8,692,246)
FINANCING ACTIVITIES    
Repayment of notes payable – related party (64,854) (434,263)
Proceeds from warrant exercises 3,633,386
Proceeds from share issuances 7,876,960 11,040,000
Proceeds from option exercises 239,596
Payments for lease liabilities (128,608) (164,828)
Payments of share issuance costs (725,907) (1,126,163)
Cash provided by financing activities 6,957,591 13,187,728
INVESTING ACTIVITIES    
Acquisition of a business 219,369
Purchase of equipment (17,849)  
Development of intangible assets (1,318,712) (766,581)
Cash used in investing activities (1,336,561) (547,212)
Change in cash during the period 214,542 3,948,270
Cash - Beginning of period 1,678,156 2,283,262
Cash - End of period $ 1,892,698 $ 6,231,532