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 ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Loss for the period $ (10,091,635) $ (15,357,602)
Items not affecting cash:    
Amortization (Note 7) 215,234 241,335
Amortization of intangible assets (Note 10) 1,896,787 1,455,366
Shares issued for services 206,614
Finance expense 60,280 185,487
Accrued interest 17,456 31,739
Effect of foreign exchange 3,180 (93,927)
Change in fair value of warrant liability (361,055) 1,283,533
Share-based compensation 1,255,588 1,403,132
Changes in non-cash working capital items:    
Receivables 37,560 411,992
Prepaids and other assets 85,496 (374,098)
Deferred revenue (85,969) 17,925
Accounts payable and accrued liabilities (103,796) (1,139,938)
Cash used in operating activities (7,070,874) (11,728,442)
FINANCING ACTIVITIES    
Repayment of notes payable – related party (64,550) (465,881)
Proceeds from warrant exercises 5,455,988
Proceeds from share issuances 10,032,360 11,040,000
Proceeds from option exercises 44,056
Payments for lease liabilities (194,397) (236,822)
Payments of share issuance costs (1,214,201) (1,126,163)
Cash provided by financing activities 8,559,212 14,711,179
INVESTING ACTIVITIES    
Acquisition of a business 219,369
Purchase of equipment (40,211) (41,009)
Development of intangible assets (2,096,982) (1,034,312)
Cash used in investing activities (2,137,193) (855,952)
Change in cash during the period (648,855) 2,126,784
Cash - Beginning of period 1,678,156 2,283,262
Cash - End of period $ 1,029,301 $ 4,410,046