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

Consolidated Statements of Comprehensive Loss

v3.21.1
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Consolidated Statements of Comprehensive Loss      
Revenue $ 568,521 $ 585,584 $ 599,757
Cost of revenue 699,455 487,543 443,796
Gross profit / (loss) (130,934) 98,041 155,961
Operating expenses      
Amortization 1,603,654 804,206 214,981
General and administrative expenses 8,825,317 6,101,360 4,236,742
Research and development expenses 7,854,866 7,179,646 4,294,687
Sales and marketing expenses 2,534,731 1,314,689 1,070,116
Stock-based compensation expense 6,260,985 5,147,573 2,491,078
Share-based payment expense   159,833 856,101
Operating expenses 27,079,553 20,707,307 13,163,705
Operating loss (27,210,487) (20,609,266) (13,007,744)
Other items      
Interest expense/(income) (169,707) (75,753)  
Changes in fair value of derivative liability 31,923,727 2,228,256 (5,946,668)
Lease modification loss 62,935    
Issue costs allocated to derivative liability     1,152,408
Other Income (395,372) (67,410)  
Foreign exchange loss (gain) 4,447,387 597,464 (466,885)
Loss before taxes (63,079,457) (23,291,823) (7,746,599)
Current income tax expense/(recovery) (404) 1,600 (1,286)
Income tax recovery (32,148) (80,725)  
Net loss (63,046,905) (23,212,698) (7,745,313)
Other comprehensive income/(loss) 4,213,906 898,473 (763,708)
Comprehensive Loss $ (58,832,999) $ (22,314,225) $ (8,509,021)
Loss per share - basic and fully diluted $ (1.08) $ (0.64) $ (0.29)
Weighted average number of shares outstanding - basic and fully diluted 58,352,766 35,998,152 26,582,664