| SHARE CAPITAL |
NOTE 13 – SHARE
CAPITAL
Preferred shares
| |
|
Number of
shares |
|
|
Total |
|
| Balance, December 31, 2020 |
|
|
- |
|
|
$ |
- |
|
| Issuance of preferred shares1 |
|
|
4,000,000 |
|
|
|
4,000 |
|
| Conversion of preferred shares to ordinary shares |
|
|
(3,409,078 |
) |
|
|
(3,409 |
) |
| Redemption of preferred shares2 |
|
|
(590,922 |
) |
|
|
(591 |
) |
| Balance, September 30, 2021 |
|
|
- |
|
|
$ |
- |
|
|
1 |
On
January 8, 2021, the Company issued 4,000,000 of its Series A Convertible Preferred Shares, par value $0.001 per share (“Series
A Preferred Shares”), at a purchase price of $1.00 per share and a stated value of $1.10 per share, in a registered direct offering. |
| | 2 | On May 27, 2021, the Company redeemed 590,922 Series A Preferred Shares and repurchased 793,192 ordinary shares that were converted following the failure to file the 10-K from the purchaser for aggregate consideration of $1,450,000. |
Ordinary shares
| |
|
Number of
shares |
|
|
Total |
|
| Balance, December 31, 2020 |
|
|
79,302,428 |
|
|
$ |
79,302 |
|
| Issuance of ordinary shares1 |
|
|
3,625,954 |
|
|
|
3,626 |
|
| Conversion of preferred shares to ordinary shares |
|
|
3,805,775 |
|
|
|
3,806 |
|
| Repurchase of ordinary shares2 |
|
|
(793,192 |
) |
|
|
(793 |
) |
| Balance, September 30, 2021 |
|
|
85,940,965 |
|
|
$ |
85,941 |
|
| | 1 | On March 8, 2021, the Company sold 3,625,954 ordinary shares at a price of $1.31 per share, and 2,719,464 five-year warrants to purchase ordinary shares at an exercise price of $1.31 per share, in a registered direct offering. |
| | 2 | On May 27, 2021, the Company redeemed 590,922 Series A Preferred Shares and repurchased 793,192 ordinary shares that were converted following the failure to file the 10-K from the purchaser for aggregate consideration of $1,450,000. |
|