Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Equity (Unaudited)

v3.19.3
Condensed Consolidated Statements of Changes in Equity (Unaudited) - 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 three months ended (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 5,056,332 5,056,643
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 494,825 494,825
Foreign currency translation adjustment (96,088) (119) (96,207)
Net loss for the three months ended (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)          
Refundable deposit exchange for common shares 2,000,000 2,000,000
Repayment made for Share Subscription Agreement   $ (100) 100
Repayment made for Share Subscription Agreement, Shares   (1,000,000)              
Common shares issued in equity raise, net of fees associated with equity raise $ 93 2,007,981 2,008,074
Common shares issued in equity raise, net of fees associated with equity raise, Shares   939,450              
Common shares issued for services $ 7 167,943 167,950
Common shares issued for services, Shares   60,679              
Stock-based compensation and service fees 612,081 612,081
Foreign currency translation adjustment (93,856) (213) (94,069)
Net loss for the three months ended (2,344,670) (58,581) (2,403,251)
Ending balance at Sep. 30, 2018   $ 7,356 22,822,878 $ (522,500) (8,638,297) 6,578 (229,260) (762,958) 12,683,797
Ending balance, Shares at Sep. 30, 2018   73,560,751   (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 exercise of options $ 35 (35)
Issuance of common stock upon cashless exercise of options, Shares 350,856            
Issuance of common stock upon exercise of warrants $ 16 (16)
Issuance of common stock upon execrise of 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 three months ended (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            
Sale of common stock $ 171 1,411,710 1,411,881
Sale of common stock, 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 three months ended (4,357,224) (81,599) (4,438,823)
Ending balance at Jun. 30, 2019   $ 7,618 29,675,711 $ (522,500) (20,054,816) 6,578 (228,183) (1,042,210) 7,842,198
Ending balance, Shares at Jun. 30, 2019   76,175,639   (520,000)          
Common shares issued for services   $ 11 391,856 391,867
Common shares issued for services, Shares   115,417              
Stock-based compensation and service fees 1,916,193 1,916,193
Foreign currency translation adjustment (73,840) 4,452 (69,388)
Net loss for the three months ended   (3,858,195) (475,863) (4,334,058)
Ending balance at Sep. 30, 2019   $ 7,629 $ 31,983,760 $ (522,500) $ (23,913,011) $ 6,578 $ (302,023) $ (1,513,621) $ 5,746,812
Ending balance, Shares at Sep. 30, 2019   76,291,056   (520,000)