Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Interim Statements of Cash Flows (Unaudited)

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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Loss for the period $ (3,345,922) $ (3,801,501)
Adjustments to reconcile net loss to net cash used in operating activities    
Amortization of intangible assets 5,602 10,746
Change in fair value of derivative liability (1,041)
Shares issued for services 8,187 6,756
Warrants issued for services 34,672 27,802
Stock option expense 210,837 255,653
Performance stock unit expense 123,028
Changes in operating assets and liabilities    
Prepaid expenses and deposits 157,255 728,276
Interest, taxes and other receivables (4,389) 29,188
Accounts payable and accrued liabilities (993,766) (420,679)
Related party payables (48,534) (8,104)
Net cash used in operating activities (3,976,058) (3,049,876)
Cash flows from financing activities    
Net proceeds from the issuance of shares and warrants 6,582,966
Net proceeds from the exercise of warrants 26,550 784,961
Series A preferred stock dividend (4,178) (4,178)
Net cash provided by financing activities 6,605,338 780,783
Increase (decrease) in cash and cash equivalents 2,629,280 (2,269,093)
Cash and cash equivalents - beginning of period 3,718,758 5,971,995
Cash and cash equivalents - end of period $ 6,348,038 $ 3,702,902