Condensed Consolidated Interim Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 30, 2017 |
Jun. 30, 2016 |
|
| Revenue | ||||
| Sales, hardware | $ 304,578 | $ 150,080 | $ 515,205 | $ 327,363 |
| Sales, services | 93,556 | 28,007 | 206,305 | 124,731 |
| Total Revenue | 398,134 | 178,087 | 721,510 | 452,094 |
| Cost of goods sold | 241,395 | 100,312 | 431,204 | 234,026 |
| Gross Profit | 156,739 | 77,775 | 290,306 | 218,068 |
| Expenses | ||||
| Advertising | 32,283 | 7,414 | 77,441 | 22,191 |
| Consulting and business development fees | 28,568 | 47,072 | 65,974 | 106,255 |
| Depreciation | 751 | 2,588 | 2,153 | 5,171 |
| Foreign exchange gain | (8,600) | (25,016) | ||
| General and administrative | 45,280 | 48,033 | 93,906 | 84,895 |
| Management fees | 59,881 | 82,680 | 130,211 | 141,118 |
| Professional fees | 16,911 | 5,987 | 16,911 | 6,851 |
| Salaries | 128,190 | 73,656 | 241,128 | 173,979 |
| Stock-based compensation | 142,440 | 5,100 | 151,298 | 20,090 |
| Travel | 19,284 | 11,767 | 56,625 | 29,007 |
| Total Expenses | 464,988 | 284,297 | 810,631 | 589,557 |
| Loss Before Other Income (Expense) | (308,249) | (206,522) | (520,325) | (371,489) |
| Other Income (Expense) | ||||
| Accretion of discounts on convertible debentures | (12,862) | (1,900) | (12,883) | (3,736) |
| Change in fair value of derivative liabilities | 21,200 | 14,770 | (1,217) | 4,713 |
| Interest expense | (2,478) | (18,151) | (2,725) | (30,965) |
| Total Other Income (Expense) | 5,860 | (5,281) | (16,825) | (29,988) |
| Net Loss for the Period | (302,389) | (211,803) | (537,150) | (401,477) |
| Other Comprehensive Income (Loss) | ||||
| Foreign currency translation loss | (14,377) | (1,300) | (31,472) | (13,534) |
| Comprehensive Loss for the Period | $ (316,766) | $ (213,103) | $ (568,622) | $ (415,011) |
| Net Loss per Share, Basic and Diluted | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.01) |
| Weighted Average Number of Common Shares Outstanding | 34,692,723 | 29,313,949 | 33,924,924 | 28,891,384 |