XML 82 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Interim Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue $ 390,723 $ 279,394 $ 1,025,695 $ 639,538
Cost of Sales        
Opening inventory 24,738 115,733 18,550 53,964
Depreciation 105,990 98,823 302,816 291,134
Less: closing inventory (27,538) (73,795) (27,538) (73,795)
Total cost of sales 235,723 246,369 804,803 570,786
Gross profit 155,000 33,025 220,892 68,752
Operating expenses        
Management compensation-stock- based compensation 85,000 332,500 750,000 1,997,500
Management compensation-fees 81,800 82,619 243,778 256,377
Marketing 5,785   252,462  
Professional fees 63,357 246,245 270,328 383,287
Interest expense 152,952 90,939 408,382 267,958
Office and administration 62,906 39,182 176,850 102,767
Rent and occupancy 33,024 54,925 92,085 123,842
Insurance 17,508 14,172 45,518 44,757
Filing fees 2,546 1,479 31,643 11,518
Amortization of financing costs 88,956   154,721  
Directors' compensation (14,648) 766 (1,948) 2,331
Repairs and maintenance 4,219 1,471 8,973 20,240
Total operating expenses 583,405 864,298 2,432,792 3,210,577
Net loss (428,405) (831,273) (2,211,900) (3,141,825)
Other comprehensive income (loss)        
Foreign exchange gain (loss) 25,828 (27,107) (51,649) (6,093)
Comprehensive loss $ (402,577) $ (858,380) $ (2,263,549) $ (3,147,918)
Net loss per share-basic and diluted (in dollars per share) $ (0.01) $ (0.02) $ (0.05) $ (0.08)
Weighted average number of common shares outstanding- basic and diluted (in shares) 43,082,783 40,003,672 42,285,041 39,222,148
Direct wages and benefits [Member]        
Cost of Sales        
Total cost of sales $ 71,347 $ 41,526 $ 180,379 $ 125,634
Equipment rental, delivery, fuel and repairs and maintenance [Member]        
Cost of Sales        
Total cost of sales 24,053 41,354 228,535 102,552
Utilities [Member]        
Cost of Sales        
Total cost of sales 19,309 22,755 79,535 54,643
Outside contractors [Member]        
Cost of Sales        
Total cost of sales 17,824 (27) 22,526 16,654
Cost of Goods and Service Benchmark [Member]        
Cost of Sales        
Total cost of sales $ 263,261 $ 320,164 $ 832,341 $ 644,581