Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Changes in Equity

v3.19.2
Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($)
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Deficit
Statutory Reserve
Accumulated Other Comprehensive Loss
Non-controlling Interest
Total
Beginning balance at Dec. 31, 2017 $ 7,028 $ 11,490,285 $ (3,517,654) $ 6,578 $ (91,994) $ (585,394) $ 7,308,849
Beginning balance, Shares at Dec. 31, 2017 70,278,622            
Treasury stock purchase $ (522,500) (522,500)
Treasury stock purchase, Shares   (520,000)          
Stock-based compensation and service fees 526,348 526,348
Foreign currency translation adjustment 52,678 160 52,838
Net loss for the year (1,481,579) (69,390) (1,550,969)
Ending balance at Mar. 31, 2018 $ 7,028 12,016,633 $ (522,500) (4,999,233) 6,578 (39,316) (654,624) 5,814,566
Ending balance, Shares at Mar. 31, 2018 70,278,622   (520,000)          
Common shares issued in equity raise, net of fees associated with equity raise $ 311 4,529,984 4,530,295
Common shares issued in equity raise, net of fees associated with equity raise, Shares 3,107,000            
Common shares issued for services $ 17 466,983 467,000
Common shares issued for services, Shares 175,000            
Stock-based compensation and service fees 1,021,173 1,021,173
Foreign currency translation adjustment (96,088) (119) (96,207)
Net loss for the year (1,294,394) (49,421) (1,343,815)
Ending balance at Jun. 30, 2018 $ 7,356 18,034,773 $ (522,500) (6,293,627) 6,578 (135,404) (704,164) 10,393,012
Ending balance, Shares at Jun. 30, 2018 73,560,622   (520,000)          
Beginning balance at Dec. 31, 2018 $ 7,383 24,153,378 $ (522,500) (11,291,776) 6,578 (236,860) (862,200) 11,254,003
Beginning balance, Shares at Dec. 31, 2018 73,830,751   (520,000)          
Issuance of common stock upon cashless excercise of options $ 35 (35)
Issuance of common stock upon cashless excercise of options, Shares 350,856            
Issuance of common stock upon cashless exercise of stock warrants $ 16 (16)
Issuance of common stock upon cashless exercise of stock warrants, Shares 158,932            
Stock-based compensation and service fees 2,272,747 2,272,747
Foreign currency translation adjustment 44,680 (1,198) 43,482
Net loss for the year (4,405,816) (99,113) (4,504,929)
Ending balance at Mar. 31, 2019 $ 7,434 26,426,074 $ (522,500) (15,697,592) 6,578 (192,180) (962,511) 9,065,303
Ending balance, Shares at Mar. 31, 2019 74,340,539   (520,000)          
Common shares issued for services $ 13 313,788 313,801
Common shares issued for services, Shares 120,812            
S-3 financing $ 171 2,111,710 2,111,881
S-3 financing, Shares 1,714,288            
Stock-based compensation and service fees 1,524,139 1,524,139
Foreign currency translation adjustment (36,003) 1,900 (34,103)
Net loss for the year (4,357,224) (81,599) (4,438,823)
Ending balance at Jun. 30, 2019 $ 7,618 $ 30,375,711 $ (522,500) $ (20,054,816) $ 6,578 $ (228,183) $ (1,042,210) $ 8,542,198
Ending balance, Shares at Jun. 30, 2019 76,175,639   (520,000)