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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:        
Net income (loss) for the period $ (2,427,973) $ 1,638,306 $ (6,032,537) $ (4,840,661)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Stock option compensation 644,722 644,722 31,043
Depreciation 31,611 33,000 97,668 98,565
Loss (gain) on marketable equity securities (3,613) 34,378 (5,783) 134,943
Loss on disposition of property, plant and equipment 30,476   30,476  
Income tax (134,994) (4,347,907) (845,184) (4,347,907)
Changes in non-cash working capital:        
    Decrease in income tax receivable 3,204,812
Net decrease (increase) in prepaid   expense and other 271,068 422,510 (51,059) 493,273
Net increase (decrease) in payables   and accrued expenses (362,555) (782,734) (30,908) 1,286,772
Net cash used in operating activities (1,951,258) (3,002,447) (2,987,793) (7,143,972)
Cash Flows from Investing Activities:        
Purchase of property, plant and equipment (46,753) (6,525) (46,753) (10,010)
Proceeds from sale of property, plant and equipment 98,649 98,649
Net cash provided by (used in) investing activities 51,896 (6,525) 51,896 (10,010)
Cash Flows from Financing Activities:        
Return of capital (75,540,237)
Net cash used in financing activities (75,540,237)
Change in Cash and Cash Equivalents:        
Net decrease in cash and cash equivalents (1,899,362) (3,008,972) (2,935,897) (82,694,219)
Cash and cash equivalents - beginning of period 60,785,602 67,961,106 61,822,137 147,646,353
Cash and cash equivalents - end of period $ 58,886,240 $ 64,952,134 $ 58,886,240 $ 64,952,134