| Schedule of Reconciliation Between IFRS Net Loss and GAAP Net Loss |
The reconciliation between IFRS net loss and
GAAP net loss for the year ended December 31, 2023 in the Company’s consolidated statements of operations and comprehensive income
(loss) is as follows:
Schedule
of Reconciliation Between IFRS Net Loss and GAAP Net Loss
| | |
Note | |
Year Ended
December 31, 2023 | |
| Net loss and comprehensive loss - IFRS | |
| |
$ | (34,206,432 | ) |
| Operating expenses | |
(a), (c), (d) | |
| 281,088 | |
| Interest expenses | |
(a), (b) | |
| (185,660 | ) |
| Change in fair value of derivative liability | |
(c) | |
| (946,649 | ) |
| Other immaterial changes | |
| |
| 88,568 | |
| Net loss and comprehensive loss - GAAP | |
| |
$ | (34,969,085 | ) |
Net losses per share were as follows:
| | |
Years Ended December 31, 2023 | |
| | |
IFRS | | |
GAAP | |
| Net loss per share attributable to ordinary shareholders: | |
| | | |
| | |
| Basic and diluted | |
$ | (0.30 | ) | |
$ | (0.30 | ) |
|
| Schedule of Conversion Adjustments Impacting the Consolidated Balance Sheet |
Conversion adjustments impacting the Company’s
consolidated balance sheet as of January 1, 2024 were as follows:
Schedule
of Conversion
Adjustments Impacting the Consolidated Balance Sheet
| | |
Note | |
IFRS | | |
Adjustments | | |
GAAP | |
| Assets: | |
| |
| | | |
| | | |
| | |
| Accounts receivable, net | |
| |
$ | 2,441,490 | | |
$ | 88,568 | | |
$ | 2,530,058 | |
| Property and equipment, net | |
(a) | |
| 23,856,852 | | |
| (1,969,265 | ) | |
| 21,887,587 | |
| Right of use assets, net | |
(a) | |
| - | | |
| 2,447,069 | | |
| 2,447,069 | |
| Intangible assets, net | |
(d) | |
| 3,390,000 | | |
| (339,000 | ) | |
| 3,051,000 | |
| Total conversion adjustments | |
| |
| | | |
$ | 227,372 | | |
| | |
| | |
| |
| | | |
| | | |
| | |
| Liabilities and Stockholders’ Equity: | |
| |
| | | |
| | | |
| | |
| Accounts payable and other accrued liabilities | |
| |
$ | 6,924,900 | | |
$ | 60,717 | | |
$ | 6,985,617 | |
| Lease liabilities, short term | |
(a) | |
| 175,858 | | |
| 32,766 | | |
| 208,624 | |
| Lease liabilities, net of current portion | |
(a) | |
| 2,104,789 | | |
| 244,861 | | |
| 2,349,650 | |
| Notes payable, net of current | |
(b) | |
| 11,210,000 | | |
| (3,147,110 | ) | |
| 8,062,890 | |
| Derivative liabilities, long term | |
(c) | |
| 147,667 | | |
| 946,649 | | |
| 1,094,316 | |
| Share capital | |
(b), (c) | |
| 91,815,797 | | |
| 2,852,142 | | |
| 94,667,939 | |
| Accumulated deficit | |
(a), (b), (c), (d) | |
| (96,363,268 | ) | |
| (762,653 | ) | |
| (97,125,921 | ) |
| Total conversion adjustments | |
| |
| | | |
$ | 227,372 | | |
| | |
|