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

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
Dec. 31, 2020
CAD ($)
Dec. 31, 2019
CAD ($)
Current assets    
Cash and cash equivalents $ 31,219,574 $ 14,148,021
Other receivables 89,661 2,068,772
Prepaid expenses 2,427,200 2,713,591
Total current assets 33,736,435 18,930,384
Non-current assets    
Property and equipment 236,664 296,768
Right-of-use assets 372,468 430,713
Total non-current assets 609,132 727,481
Total assets 34,345,567 19,657,865
Current Liabilities    
Accounts payable and accrued liabilities 1,805,015 3,173,218
Other liabilities 123,985 847,215
Lease liabilities 248,885 339,846
Warrant derivative 531,228 8,508,764
Total current liabilities 2,709,113 12,869,043
Non-current liabilities    
Contract liability 6,730,287 6,730,287
Lease liabilities 153,174 166,429
Total non-current liabilities 6,883,461 6,896,716
Total liabilities 9,592,574 19,765,759
Commitments and contingencies
Shareholders’ equity (deficit)    
Share capital   Authorized: unlimited   Issued: December 31, 2020 – 46,166,980 December 31, 2019 – 32,198,453 356,824,172 311,077,859
Warrants 3,617,570 3,617,570
Contributed surplus 31,022,356 29,338,849
Accumulated other comprehensive income 400,225 464,101
Accumulated deficit (367,111,330) (344,606,273)
Total shareholders’ equity (deficit) 24,752,993 (107,894)
Total liabilities and shareholders' equity (deficit) $ 34,345,567 $ 19,657,865