Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

23. Subsequent Events


Warrants exercised


Subsequent to year end, warrants were exercised for 1,150,776 shares of common stock for gross proceeds of $2,876,940, additionally, brokers warrants were exercised for 208,333 shares of common stock for gross proceeds of $624,999 and other debenture warrants were exercised for 36,709 shares for gross proceeds of $171,839.


Deferred purchase consideration


The deferred purchase consideration of €333,300 ($407,552) was repaid.


Convertible debenture


The remaining convertible debenture of CDN $35,000 ($27,442), including interest thereon was repaid.


Line of Credit


On January 11, 2021, the company repaid the outstanding balance of $500,000 on the revolving line of credit at Metropolitan Commercial Bank in full.


The Company has evaluated subsequent events through the date the financial statements were issued, other than disclosed above, we did not identify any other subsequent events that would have required adjustment or disclosure in the financial statements.