Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net loss $ (3,635,088) $ (4,959,431)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 63,584 132,510
Foreign currency exchange gain   (4,984)
Change in fair value of warrant liability 14,133 41,665
Depreciation of property and equipment   322
Amortization of intangible assets   1,233
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (30,328) (45,966)
Accounts payable (6,439,544) 4,002,389
Accrued liabilities (264,204) (1,729,392)
Net cash used in operating activities (10,291,447) (2,561,654)
Cash flows from financing activities    
Proceeds from issuance of Common Shares from ATM Offering, net of issuance costs 190,274  
Net cash provided by financing activities 190,274  
Effect of exchange rates on cash   17,659
Net decrease in cash (10,101,173) (2,543,995)
Cash at beginning of year 12,598,146 5,875,796
Cash at end of period 2,496,973 $ 3,331,801
Noncash financing activities    
Increase in share-based compensation liability on CAD denominated share options decreasing additional paid-in-capital 294,967  
Supplemental disclosure of cash flow information    
Cash paid for interest $ 76,775