Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit)

v3.23.2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($)
Series1 Convertible Preferred Shares
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total
Balance at the beginning at Dec. 31, 2021     $ 68,039,178 $ (187,919) $ (62,191,201) $ 5,660,058
Balance at the beginning (in shares) at Dec. 31, 2021   7,195,529        
Changes in Shareholders' Deficit            
Share-based compensation     240,277     240,277
Foreign currency translation       49,477   49,477
Net loss         (4,839,883) (4,839,883)
Balance at the end at Jun. 30, 2022     73,879,455 (138,442) (67,031,084) 6,709,929
Balance at the end (in shares) at Jun. 30, 2022 70,000,000 7,195,529        
Balance at the beginning at Mar. 31, 2022     68,164,043 (140,078) (64,286,046) 3,737,919
Balance at the beginning (in shares) at Mar. 31, 2022   7,195,529        
Changes in Shareholders' Deficit            
Share-based compensation     115,412     115,412
Conversion of convertible debt and derivative liability to Series 1 Convertible Preferred Shares     5,600,000     5,600,000
Conversion of convertible debt and derivative liability to Series 1 Convertible Preferred Shares (in shares) 70,000,000          
Foreign currency translation       1,636   1,636
Net loss         (2,745,038) (2,745,038)
Balance at the end at Jun. 30, 2022     73,879,455 (138,442) (67,031,084) 6,709,929
Balance at the end (in shares) at Jun. 30, 2022 70,000,000 7,195,529        
Balance at the beginning at Dec. 31, 2022     79,101,061 (195,369) (80,253,464) $ (1,347,772)
Balance at the beginning (in shares) at Dec. 31, 2022 70,000,000 8,579,284       8,579,284
Changes in Shareholders' Deficit            
Share-based compensation     266,701     $ 266,701
Foreign currency translation       (175,816)   (175,816)
Net loss         (7,271,405) (7,271,405)
Balance at the end at Jun. 30, 2023     79,367,762 (371,185) (87,524,869) $ (8,528,292)
Balance at the end (in shares) at Jun. 30, 2023 70,000,000 8,579,284       8,579,284
Balance at the beginning at Mar. 31, 2023     79,233,571 (199,723) (85,212,895) $ (6,179,047)
Balance at the beginning (in shares) at Mar. 31, 2023 70,000,000 8,579,284        
Changes in Shareholders' Deficit            
Share-based compensation     134,191     134,191
Foreign currency translation       (171,462)   (171,462)
Net loss         (2,311,974) (2,311,974)
Balance at the end at Jun. 30, 2023     $ 79,367,762 $ (371,185) $ (87,524,869) $ (8,528,292)
Balance at the end (in shares) at Jun. 30, 2023 70,000,000 8,579,284       8,579,284