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 - CAD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents (note 5) $ 41,262,044 $ 31,219,574
Other receivables (note 13) 866,055 89,661
Prepaid expenses 2,775,800 2,427,200
Total current assets 44,903,899 33,736,435
Property and equipment (note 6) 392,041 236,664
Right-of-use assets (note 7) 584,251 372,468
Total assets 45,880,191 34,345,567
Current Liabilities    
Accounts payable and accrued liabilities 1,987,870 1,805,015
Other liabilities (note 13) 352,279 123,985
Lease liabilities (note 7) 293,672 248,885
Warrant derivative (note 8) 56,017 531,228
Total current liabilities 2,689,838 2,709,113
Contract liability (note 12) 6,730,287 6,730,287
Lease liabilities (note 7) 361,081 153,174
Total liabilities 9,781,206 9,592,574
Commitments and contingencies (note 13, 14, 19)
Shareholders’ equity    
Share capital (note 9)   Authorized: unlimited   Issued: December 31, 2021 – 55,043,789 December 31, 2020 – 46,166,980 391,348,183 356,824,172
Warrants (note 9) 3,617,570 3,617,570
Contributed surplus (note 10) 34,161,103 31,022,356
Accumulated other comprehensive income 387,738 400,225
Accumulated deficit (393,415,609) (367,111,330)
Total shareholders’ equity 36,098,985 24,752,993
Total liabilities and shareholders' equity $ 45,880,191 $ 34,345,567