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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING AND ADMINISTRATIVE EXPENSES        
Research and development $ 539,770 $ 31,153 $ 657,737 $ 291,828
General and administrative 552,246 158,469 1,356,990 1,057,073
TOTAL OPERATING AND ADMINISTRATIVE EXPENSES 1,092,016 189,622 2,014,727 1,348,901
LOSS FROM OPERATIONS (1,092,016) (189,622) (2,014,727) (1,348,901)
OTHER (EXPENSE) INCOME        
Interest income 17 1,108 494 2,314
Interest expense (58,827) (152,757)
Realized gain on marketable securities 4,435
Change in fair value of derivative liability 104,718 65,207 141,907 341,107
TOTAL OTHER INCOME (EXPENSES) 45,908 66,315 (10,356) 347,856
LOSS BEFORE TAX (1,046,108) (123,307) (2,025,083) (1,001,045)
INCOME TAX EXPENSE
NET LOSS (1,046,108) (123,307) (2,025,083) (1,001,045)
Other Comprehensive Loss - net of tax        
Foreign exchange translation income (loss) 736 (20) (599) (7,398)
TOTAL COMPREHENSIVE LOSS $ (1,045,372) $ (123,327) $ (2,025,682) $ (1,008,443)
Net loss per common share - Basic and Diluted $ (0.10) $ (0.01) $ (0.20) $ (0.10)
Weighted average common shares - Basic and Diluted 10,275,758 10,261,419 10,274,005 10,261,419