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

Condensed Interim Consolidated Statements of Cash Flows (Unaudited)

v3.23.3
Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES    
Loss for the period $ (5,211,028) $ (10,091,635)
Proceeds from office security deposit 100,000
Items not affecting cash:    
Amortization (Note 7) 135,883 215,234
Amortization of intangible assets (Note 10) 1,983,137 1,896,787
Finance expense 60,280
Loss on sale of equipment 51,770
Accrued interest 2,582 17,456
Effect of foreign exchange (3,196) 3,180
Change in fair value of warrant liability (361,055)
Share-based compensation (1,154,308) 1,255,588
Changes in non-cash working capital items:    
Receivables 31,463 37,560
Prepaids (972) 85,496
Deferred revenue (35,799) (85,969)
Accounts payable and accrued liabilities (258,451) (103,796)
Cash used in operating activities (4,358,920) (7,070,874)
FINANCING ACTIVITIES    
Repayment of notes payable – related party (821,292) (64,550)
Proceeds from warrant exercises 4,446,200
Proceeds from share issuances 2,250,000 10,032,360
Payments for lease liabilities (131,142) (194,397)
Payments of share issuance costs (380,788) (1,214,201)
Cash provided by financing activities 5,362,978 8,559,212
INVESTING ACTIVITIES    
Purchase of equipment (40,211)
Proceeds from sale of equipment 4,899
Development of intangible assets (19,005) (2,096,982)
Cash used in investing activities (14,106) (2,137,193)
Change in cash during the period 989,952 (648,855)
Cash - Beginning of period 1,178,846 1,678,156
Cash - End of period $ 2,168,798 $ 1,029,301