| Schedule of warrants issued and outstanding |
Warrants - Issued and Outstanding
|
|
|
|
|
|
|
|
|
|
Number
|
|
Amount
|
|
Balance as of December 31, 2018
|
|
16,359,058
|
|
$
|
23,983,372
|
|
Exercise of Warrants
|
|
(298,200)
|
|
|
(916,389)
|
|
Fair value and foreign currency adjustments
|
|
–
|
|
|
13,807,141
|
|
Balance as of December 31, 2019
|
|
16,060,858
|
|
$
|
36,874,124
|
|
|
|
|
|
|
|
|
Exercise of Warrants
|
|
(5,574,446)
|
|
$
|
(57,468,050)
|
|
Fair value adjustments
|
|
–
|
|
|
163,512,709
|
|
Foreign currency adjustments
|
|
–
|
|
|
9,030,828
|
|
Balance as of December 31, 2020
|
|
10,486,412
|
|
$
|
151,949,611
|
|
| Schedule of fair value adjustment relating to derivative liabilities |
The fair value adjustment relating to derivative liabilities has been reflected in the financial statements under “Fair value loss on financial liabilities” as detailed below:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
|
|
December 31,
|
|
December 31,
|
|
|
|
2020
|
|
2019
|
|
Loss from FV adjustment on Warrants
|
|
$
|
(163,512,709)
|
|
$
|
(13,807,141)
|
|
Loss from FV adjustment on Class A Restricted Voting Shares
|
|
|
–
|
|
|
(101,455,740)
|
|
Loss from FV adjustment on make-whole provision
|
|
|
(225,125)
|
|
|
(3,972,266)
|
|
Loss from FV adjustment on contingent consideration
|
|
|
(304,430)
|
|
|
–
|
|
Total
|
|
$
|
(164,042,264)
|
|
$
|
(119,235,147)
|
|