Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

5. REVERSE TAKEOVER: Schedule of Excess Consideration (Tables)

v3.21.2
5. REVERSE TAKEOVER: Schedule of Excess Consideration (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Excess Consideration

 

 

 

Consideration paid:

 

 

Common shares deemed issued

$

27,031,042

Preferred shares deemed issued

 

5,637,175

Finder's fee - common shares

 

8,502,900

Finder's fee - preferred shares

 

13,204,609

Fair value of warrants

 

303,749

Fair value of stock options

 

486,518

 

$

55,165,993

 

 

 

Net identifiable assets acquired:

 

 

Cash and cash equivalents

$

1,822,156

Accounts receivable

 

2,229

Prepaid expenses

 

794,538

Promissory note receivable

 

4,169,009

Right-of-use asset

 

91,402

Convertible loan receivable

 

17,597,600

Accounts payable

 

(898,303)

Lease liability

 

(118,119)

 

$

23,460,512

Listing expense

$

31,705,481