XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Changes in Mezzanine Equity and Shareholders' Equity (Unaudited) - USD ($)
Series C Redeemable Preferred Stock [Member]
Redeemable Noncontrolling Interest [Member]
Mezzanine Equity [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance at Dec. 31, 2021 $ 6,519 $ 83,066,656 $ (60,736,453) $ (30,802) $ 22,305,920
Mezzanine equity beginning balance, shares at Dec. 31, 2021            
Beginning balance, shares at Dec. 31, 2021       651,921        
Stock-based compensation 768,619 768,619
Foreign exchange translation loss 88,709 88,709
Net loss (4,524,014) (4,524,014)
February 2022 registered direct offering $ 4,000 5,798,464 5,802,464
February 2022 registered direct offering, shares       400,000        
Conversion of RSUs into common shares $ 9 (9)
Conversion of RSUs into common shares, shares       899        
Balance at Mar. 31, 2022 $ 10,528 89,633,730 (65,260,467) 57,907 24,441,698
Mezzanine equity ending balance, shares at Mar. 31, 2022            
Ending balance, shares at Mar. 31, 2022       1,052,820        
Balance at Dec. 31, 2021 $ 6,519 83,066,656 (60,736,453) (30,802) 22,305,920
Mezzanine equity beginning balance, shares at Dec. 31, 2021            
Beginning balance, shares at Dec. 31, 2021       651,921        
Preferred dividends attributable to redeemable non-controlling interest               (20,411)
Accretion of embedded derivatives to redemption value               (184,985)
Foreign exchange translation loss               (609,695)
Net loss               (9,793,431)
Issuance of common shares in exchange for RSU conversions, shares       2,122        
Balance at Sep. 30, 2022 $ 761,434 761,434 $ 20,782 93,989,885 (70,529,884) (640,497) 22,840,286
Mezzanine equity ending balance, shares at Sep. 30, 2022 1,000            
Ending balance, shares at Sep. 30, 2022       2,078,271        
Balance at Mar. 31, 2022 $ 10,528 89,633,730 (65,260,467) 57,907 24,441,698
Mezzanine equity beginning balance, shares at Mar. 31, 2022            
Beginning balance, shares at Mar. 31, 2022       1,052,820        
Stock-based compensation 677,543 677,543
Preferred dividends attributable to redeemable non-controlling interest 7,808 7,808 (7,808) (7,808)
Accretion of embedded derivatives to redemption value 73,994 73,994 (73,994) (73,994)
Foreign exchange translation loss (281,014) (281,014)
Net loss (2,790,505) (2,790,505)
Redeemable non-controlling interest, net of $402,000 embedded derivative and net of issuance costs of $41,962 $ 556,038 556,038
Redeemable non-controlling interest, shares   1,000            
Issuance of redeemable non-controlling Series C preferred stock $ 527 527 (527) (527)
Issuance of redeemable non-controlling Series C preferred stock, shares 52,685              
Conversion of RSAs into common shares $ 12 (12)
Conversion of RSAs into common shares, shares       1,223        
Balance at Jun. 30, 2022 $ 527 $ 637,840 638,367 $ 10,540 90,228,932 (68,050,972) (223,107) 21,965,393
Mezzanine equity ending balance, shares at Jun. 30, 2022 52,685 1,000            
Ending balance, shares at Jun. 30, 2022       1,054,043        
Stock-based compensation 645,137 645,137
Preferred dividends attributable to redeemable non-controlling interest 12,603 12,603 (12,603) (12,603)
Accretion of embedded derivatives to redemption value 110,991 110,991 (110,991) (110,991)
Foreign exchange translation loss (417,390) (417,390)
Net loss (2,478,912) (2,478,912)
Redemption of Series C preferred stock (527) (527) 527 527
Redemption of Series C preferred stock, shares   (52,685)            
July 2022 registered direct offering, PIPE offering, modification of warrants and exercise of pre-funded warrants, net of offering costs $ 10,000 3,239,125 3,249,125
July 2022 registered direct offering, PIPE offering, modification of warrants and exercise of pre-funded warrants, net of offering costs, shares       1,000,000        
Issuance of rounded shares as a result of the reverse stock split $ 242 (242)
Issuance of rounded shares as a result of the reverse stock split, shares       24,228        
Balance at Sep. 30, 2022 $ 761,434 761,434 $ 20,782 93,989,885 (70,529,884) (640,497) 22,840,286
Mezzanine equity ending balance, shares at Sep. 30, 2022 1,000            
Ending balance, shares at Sep. 30, 2022       2,078,271        
Balance at Dec. 31, 2022 $ 885,028 885,028 $ 20,782 94,395,662 (79,207,786) (536,734) 14,671,924
Mezzanine equity beginning balance, shares at Dec. 31, 2022 1,000            
Beginning balance, shares at Dec. 31, 2022       2,078,271        
Stock-based compensation   532,835 532,835
Preferred dividends attributable to redeemable non-controlling interest   12,329 12,329 (12,329) (12,329)
Accretion of embedded derivatives to redemption value   110,991 110,991 (110,991) (110,991)
Foreign exchange translation loss   1,968 1,968
Net loss (4,677,527) (4,677,527)
Balance at Mar. 31, 2023 $ 1,008,348 1,008,348 $ 20,782 94,805,177 (83,885,313) (534,766) 10,405,880
Mezzanine equity ending balance, shares at Mar. 31, 2023 1,000            
Ending balance, shares at Mar. 31, 2023       2,078,271        
Balance at Dec. 31, 2022 $ 885,028 885,028 $ 20,782 94,395,662 (79,207,786) (536,734) 14,671,924
Mezzanine equity beginning balance, shares at Dec. 31, 2022 1,000            
Beginning balance, shares at Dec. 31, 2022       2,078,271        
Preferred dividends attributable to redeemable non-controlling interest               (19,041)
Accretion of embedded derivatives to redemption value               (147,988)
Foreign exchange translation loss               1,115
Net loss               (13,855,796)
Issuance of common shares in exchange for RSU conversions, shares       103,641        
Balance at Sep. 30, 2023 $ 21,818 96,013,029 (93,063,582) (535,619) 2,435,646
Mezzanine equity ending balance, shares at Sep. 30, 2023            
Ending balance, shares at Sep. 30, 2023       2,181,912        
Balance at Mar. 31, 2023 $ 1,008,348 1,008,348 $ 20,782 94,805,177 (83,885,313) (534,766) 10,405,880
Mezzanine equity beginning balance, shares at Mar. 31, 2023 1,000            
Beginning balance, shares at Mar. 31, 2023       2,078,271        
Stock-based compensation   879,738 879,738
Preferred dividends attributable to redeemable non-controlling interest   6,712 6,712 (6,712) (6,712)
Accretion of embedded derivatives to redemption value   36,997 36,997 (36,997) (36,997)
Foreign exchange translation loss   (11,286) (11,286)
Net loss (6,356,053) (6,356,053)
Redemption of Series C preferred stock   $ (1,052,057) (1,052,057)
Redemption of Series C preferred stock, shares   (1,000)            
Issuance of common shares in exchange for RSU conversions   $ 635 (635)
Issuance of common shares in exchange for RSU conversions, shares       63,511        
Balance at Jun. 30, 2023 $ 21,417 95,640,571 (90,241,366) (546,052) 4,874,570
Mezzanine equity ending balance, shares at Jun. 30, 2023            
Ending balance, shares at Jun. 30, 2023       2,141,782        
Stock-based compensation   372,859 372,859
Foreign exchange translation loss   10,433 10,433
Net loss (2,822,216) (2,822,216)
Issuance of common shares in exchange for RSU conversions   $ 401 (401)
Issuance of common shares in exchange for RSU conversions, shares       40,130        
Balance at Sep. 30, 2023 $ 21,818 $ 96,013,029 $ (93,063,582) $ (535,619) $ 2,435,646
Mezzanine equity ending balance, shares at Sep. 30, 2023            
Ending balance, shares at Sep. 30, 2023       2,181,912