Annual report pursuant to Section 13 and 15(d)

Convertible Debentures (Tables)

v3.21.1
Convertible Debentures (Tables)
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Convertible Debenture

   

December 31, 2020

  December 31, 2019
Principal Outstanding                
Opening balance   $ 3,464,737     $ 8,529,751  
Repaid     (2,778,349 )      
Conversion to equity     (634,431 )     (5,240,736 )
Foreign exchange movements     (24,515 )     175,722  
      27,442       3,464,737  
Accrued Interest                
Opening balance     524,227       520,523  
Interest expense     207,595       719,004  
Repaid     (619,992 )      
Conversion to equity     (103,958 )     (731,731 )
Foreign exchange movements     (767 )     15,504  
      7,105       524,227  
Debenture Discount                
Opening balance     (627,627 )     (4,587,228 )
Amortization     627,627       3,959,601  
            (627,627 )
Convertible Debentures, net   $ 34,547     $ 3,361,337