3 months Ended June 30 2022
Revenue= 0
Operating expenses 1,344,755 and 6 months 2,387,718
Total loss and comprehensive loss for the 6 months 2,366,970
Weighted average number of common shares outstanding 155,601,999 (Was 63,374,776)
Notes accompanying:
“These unaudited condensed interim consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities in the normal course of business as they come due. There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $2,363,784 and had a negative cash flow from operating activities of $2,005,963 for the six months ended June 30, 2022, and has accumulated $46,111,996 of losses as at June 30, 2022. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Company’s ability to continue as a going concern. These unaudited condensed interim consolidated financial statements do not include any adjustments and classifications of assets and liabilities, which might be necessary should the Company be unable to continue its operations. Such adjustments could be material.”
Source:SEDAR.com