Here is the Convertible Debenture issuance schedule - obviously April and May had the biggest slug of warrants associated and June is decent but less than half what April was:
Convertible Debentures |
Loan |
Equity Component |
Accretion |
Debt Component |
Issued April 3, 2019 (net of issue costs) |
$1,293,519 |
$(242,004) |
$338,988 |
$1,390,503 |
Issued May 3, 2019 (net of issue costs) |
806,893 |
(151,842) |
218,159 |
873,210 |
Issued June 3, 2019 (net of issue costs) |
496,995 |
(93,278) |
117,481 |
521,198 |
Issued August 2, 2019 (net of issue costs) |
290,365 |
(54,978) |
62,683 |
298,070 |
Issued September 19, 2019 (net of issue costs) |
122,965 |
(23,019) |
22,905 |
122,851 |
Effect of foreign exchange rate changes |
- |
- |
- |
135,414 |
Balance December 31, 2020 |
$3,010,737 |
$(565,121) |
$760,216 |
$3,341,246 |
This tabel is from the December 31 2020 financials