XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net loss $ (24,448,442) $ (14,703,871)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 54,126 38,923
Share-based compensation 1,077,695 53,563
Interest accrued on convertible affiliated note 2,430,067 1,754,118
Gain on extinguishment of debt (355,515)  
Change in fair value of convertible affiliated note 9,702,863 2,795,329
Changes in operating assets and liabilities:    
Prepaid expenses 477,755 (102,398)
Accounts payable (1,504,911) 1,796,245
Accrued liabilities and other current liabilities 1,224,729 (1,195,487)
Repayable advance received   1,774,788
Other operating assets and liabilities 216,799 1,168,711
Net cash used in operating activities (11,124,834) (6,620,079)
Cash flows from investing activities:    
Purchases of plant and equipment (249,260) (95,212)
Net cash used in investing activities (249,260) (95,212)
Cash flows from financing activities:    
Proceeds from option exercises 150 900
Proceeds from the issuance of long-term debt   355,515
Proceeds from issuance of convertible affiliated note 9,459,422 7,415,150
Net cash provided by financing activities 9,459,572 7,771,565
Effect of exchange rate changes on cash 42,816 (68,274)
Net (decrease) increase in cash (1,871,706) 988,000
Cash, beginning of period 2,691,156 299,036
Cash, end of period $ 819,450 $ 1,287,036