| As at | September 30, 2021 | December 31, 2020 | ||
| Total assets | $ | 60,240,843 | $ | 7,100,567 |
| Working capital | 20,510,097(2) | 1,214,371 | ||
| Total non-current liabilities | 253,527 | 104,885 | ||
| Shareholders’ equity | $ | 41,289,675(2) | $ | 3,848,205 |
| Number of shares outstanding (post-consolidation) | 32,156,950 | 17,218,672 |
Notes:
(1) The net income (loss) and comprehensive income (loss) for the three and nine months ended September 30, 2021 include a change in fair value of derivative liability for USD warrants of a gain of $30,562,044 and a loss of $15,278,305, respectively, and would otherwise be losses of $6,721,545 and $13,827,350 for the net loss, and $6,586,644 and $13,756,298 for the comprehensive loss, respectively.
(2) Shareholders’ equity and working capital as at September 30, 2021 includes a fair value of derivative liability for USD warrants of $16,890,998 and would otherwise be shareholders’ equity of $58,180,673 and working capital of $37,401,095.
| 2021 Q3 | 2021 Q2 | 2020 Q3 | ||||
| Revenue | $ | 1,896,992 | $ | 1,981,872 | $ | 1,453,905 |
| Cost of goods sold | $ | (1,123,942) | $ | (1,253,279) | $ | (893,441) |
| Gross profit | $ | 773,050 | $ | 728,593 | $ | 560,464 |
| Gross margin – percentage | 40.8% | 36.8% | 38.5% | |||
| Operating expenses | $ | (8,006,957) | $ | (3,340,952) | $ | (2,852,003) |
| Operating loss | $ | (7,233,907) | $ | (2,612,359) | $ | (2,291,539) |
| Operating loss per share - basic | $ | (0.24) | $ | (0.10) | $ | (0.15) |
| Operating loss per share - diluted | $ | (0.22) | $ | (0.10) | $ | (0.15) |
| Other income (expense) | $ | 31,074,406 (3) | $ | (5,409,861) (3) | $ | 91,228 |
| Other comprehensive income | $ | 134,901 | $ | 9,684 | $ | (1,232) |
| Comprehensive income (loss) | $ | 23,975,400 | $ | (8,095,356) | $ | (2,451,453) |
| Comprehensive income (loss) per share - basic | $ | 0.79 | $ | (0.30) | $ | (0.14) |
| Comprehensive income (loss) per share - diluted | $ | 0.75 | $ | (0.30) | $ | (0.14) |
