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

Consolidated Statements of Financial Position

v3.23.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets      
Cash $ 1,178,846 $ 1,678,156 $ 2,283,262
Receivables, net of allowance (Note 5) 60,749 123,617 464,873
Deferred financing costs (Note 3) 174,813 398,276
Prepaids and other current assets 223,226 377,926 18,225
Total current assets 1,462,821 2,354,512 3,164,636
Restricted deposit (Note 6) 8,489 9,068 8,851
Deposits 100,000 100,000 98,393
Property and equipment, net (Note 7) 172,841 326,945 481,861
Goodwill (Note 9) 6,580,660
Intangible assets (Note 10) 7,058,366 9,172,507 1,737,416
Total Assets 8,802,517 18,543,692 5,491,157
Current liabilities      
Accounts payable and accrued liabilities (Note 11, Note 12 and Note 14) 522,012 832,399 1,459,707
Deferred revenue 69,273 193,504
Notes payable - Related Party (Note 12) 2,604,713 2,107,668 2,290,798
Lease liability (Note 19) 128,560 239,323 209,137
Total current liabilities 3,324,558 3,372,894 3,959,642
Non-current liabilities      
Lease liability (Note 19) 128,560 432,114
Warrant liability (Note 3) 361,055  
Notes payable - Related Party (Note 12) 678,515 2,237,751
Total liabilities 3,324,558 4,541,024 6,629,507
Share capital (Note 13)      
Common shares 122,353,525 110,226,715 82,046,672
Commitment to issue shares (Note 13) 2,703,326
Class “A” shares 28,247 28,247 28,247
Reserves (Note 13) 14,506,758 10,661,294 8,663,301
Cumulative translation adjustment 154,970 (86,609)
Deficit (125,182,412) (100,995,334) (86,596,261)
Equity (Deficit) total 11,861,088 22,624,249 4,055,351
Non-controlling interest (Note 8) (6,383,129) (8,621,581) (5,193,701)
Total Equity 5,477,959 14,002,668 (1,138,350)
Total Liabilities and Equity $ 8,802,517 $ 18,543,692 $ 5,491,157