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Income taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income taxes  
Schedule of components of income taxes

Year ended December 31,

2021

2020

2019

 

Foreign

    

$

(13,229,828)

    

$

(27,215,385)

    

$

(25,268,373)

Domestic

 

(23,897,475)

 

(26,263,427)

 

(2,791,434)

Net loss

$

(37,127,303)

$

(53,478,812)

$

(28,059,807)

Summary of reconciliation of the effect of applying federal statutory rate to the net loss and the effective income tax rate

Year ended December 31,

 

2021

2020

2019

 

Statutory federal income tax rate

    

21.0

%  

21.0

%  

21.0

%

Earnings in jurisdictions taxed at rates different from the statutory U.S. federal tax rate

 

(0.1)

%  

0.2

%  

0.4

%

Permanent differences

 

%  

1.7

%  

3.7

%

Changes in valuation allowance

 

(18.2)

%  

(22.5)

%  

(25.1)

%

Other

 

(2.7)

%  

(0.4)

%  

%

Effective income tax rate

 

%  

%  

%

Summary of significant components of deferred taxes

December 31,

2021

2020

Deferred tax assets:

    

  

    

  

Net operating loss carryforward

$

38,773,870

$

32,183,004

Stock compensation

3,341,338

1,358,554

Lease liability

47,677

70,192

Gross deferred tax assets

 

42,162,885

 

33,611,750

Valuation allowance

 

(42,115,543)

 

(33,541,533)

Total deferred tax assets

 

47,342

 

70,217

Deferred tax liabilities:

 

 

Fixed assets

 

(818)

 

(1,130)

Right of use asset

(46,524)

(69,087)

Total deferred tax liabilities

 

(47,342)

 

(70,217)

Net deferred tax assets (liabilities)

$

$