| Schedule of financial statement |
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December 31, 2022 |
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January 1, 2022 |
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As reported, CAD |
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Restated, USD |
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As reported, CAD |
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Restated, USD |
Total current assets |
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$ |
14,750,412 |
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$ |
10,895,568 |
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$ |
20,173,339 |
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$ |
15,912,730 |
Total assets |
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$ |
16,752,929 |
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$ |
12,374,026 |
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$ |
22,035,902 |
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$ |
17,381,920 |
Total current liabilities |
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$ |
2,050,262 |
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$ |
1,511,303 |
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$ |
700,999 |
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$ |
552,948 |
Total liabilities |
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$ |
7,286,499 |
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$ |
5,377,215 |
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$ |
5,298,331 |
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$ |
4,179,323 |
Total shareholders’ equity |
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$ |
9,466,430 |
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$ |
6,996,811 |
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$ |
16,737,571 |
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$ |
13,202,597 |
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Year ended December 31, 2022 |
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Year ended December 31, 2021 |
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As reported, CAD |
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Restated, USD |
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As reported, CAD |
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Restated, USD |
Loss before other items |
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$ |
(13,385,051) |
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$ |
(10,290,606) |
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$ |
(3,649,523) |
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$ |
(2,910,605) |
Net loss |
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$ |
(9,485,309) |
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$ |
(7,718,882) |
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$ |
(1,652,282) |
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$ |
(1,579,274) |
Net loss and comprehensive Loss |
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$ |
(9,485,309) |
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$ |
(7,847,027) |
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$ |
(1,652,282) |
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$ |
(1,428,810) |
Basic and diluted loss per common share |
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$ |
(6.41) |
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$ |
(5.22) |
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$ |
(1.51) |
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$ |
(1.44) |
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Year ended December 31, 2022 |
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Year ended December 31, 2021 |
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As reported, CAD |
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Restated, USD |
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As reported, CAD |
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Restated, USD |
Cash used in operating activities |
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$ |
(11,973,226) |
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$ |
(8,963,557) |
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$ |
(6,062,510) |
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$ |
(4,801,045) |
Cash used in investing activities |
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$ |
(60,016) |
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$ |
(45,701) |
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$ |
(39,809) |
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$ |
(31,807) |
Cash provided by financing activities |
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$ |
6,435,884 |
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$ |
4,709,739 |
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$ |
24,456,551 |
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$ |
19,372,334 |
Effect of foreign exchange on cash |
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$ |
871,636 |
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$ |
(136,147) |
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$ |
325,741 |
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$ |
195,863 |
Net (decrease) increase in cash |
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$ |
(4,725,722) |
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$ |
(4,435,665) |
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$ |
18,679,973 |
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$ |
14,735,345 |
Cash beginning of year |
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$ |
18,851,244 |
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$ |
14,869,861 |
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$ |
171,271 |
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$ |
134,516 |
Cash end of year |
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$ |
14,125,522 |
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$ |
10,434,196 |
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$ |
18,851,244 |
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$ |
14,869,861 |
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