Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

v3.19.3
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Loss for the period $ (1,605,871) $ (1,991,804)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of intangible assets 2,801 6,659
Change in fair value of derivative liability 220
Shares issued for services 4,843 4,139
Warrants issued for services   30,661
Stock option expense 50,985 132,902
Performance stock unit expense 61,514
Changes in operating assets and liabilities    
Interest, taxes and other receivables (44,556) 27,849
Prepaid expenses and deposits 56,534 203,462
Accounts payable and accrued liabilities (616,974) (568,199)
Related party payables (113,908) 7,674
Net cash used in operating activities (2,266,146) (2,084,923)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 6,582,966
Warrants exercised for cash 26,550
Series A preferred stock dividend (2,089) (2,089)
Net cash provided by (used in) financing activities 6,607,427 (2,089)
Increase (decrease) in cash and cash equivalents 4,341,281 (2,087,012)
Cash and cash equivalents - beginning of period 3,718,758 5,971,995
Cash and cash equivalents - end of period $ 8,060,039 $ 3,884,983