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

Consolidated Statements of Financial Position

v3.22.1
Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Current assets      
Cash $ 1,678,156 $ 2,283,262 $ 76,373
Receivables, net of allowance (Note 5) 123,617 464,873 34,180
Deferred financing costs (Note 3) 174,813 398,276  
Prepaids 377,926 18,225 21,558
Total current assets 2,354,512 3,164,636 132,111
Restricted deposit (Note 6) 9,068 8,851 8,853
Deposits 100,000 98,393 99,998
Property and equipment (Note 7) 326,945 481,861 730,560
Goodwill 6,580,660  
Intangible assets (Note 10) 9,172,507 1,737,416 2,140,375
Total Assets 18,543,692 5,491,157 3,111,897
Current liabilities      
Accounts payable and accrued liabilities (Note 11 and 14) 832,399 1,459,707 750,889
Deferred revenue 193,504    
Notes payable - Related Party (Note 12) 2,107,668 2,290,798  
Lease liability (Note 19) 239,323 209,137 252,789
Current liabilities 3,372,894 3,959,642 1,003,678
Non-current liabilities      
Lease liability (Note 19) 128,560 432,114 612,287
Warrant liability (Note 13) 361,055    
Notes payable - Related Party (Note 12) 678,515 2,237,751 3,706,518
Total liabilities 4,541,024 6,629,507 5,322,483
Share capital (Note 13)      
Common shares 110,226,715 82,046,672 74,639,357
Commitment to issue shares (Note 13) 2,703,326    
Class “A” shares 28,247 28,247 28,247
Share subscriptions received in advance   230,947
Reserves (Note 13) 10,661,294 8,663,301 7,409,092
Cumulative translation adjustment   (86,609) 31,020
Deficit (100,995,334) (86,596,261) (80,820,208)
Equity (Deficit) total 22,624,249 4,055,351 1,518,455
Non-controlling interest (Note 8) (8,621,581) (5,193,701) (3,729,041)
Total Equity 14,002,668 (1,138,350) (2,210,586)
Total Liabilities and Equity $ 18,543,692 $ 5,491,157 $ 3,111,897