Quarterly report pursuant to Section 13 or 15(d)

Revision of Prior Period Interim Financial Statements (Tables)

v3.21.1
Revision of Prior Period Interim Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]  
Schedule of Condensed Consolidated Statement of Operations and Comprehensive Loss

Condensed Consolidated Statement of Operations and Comprehensive Loss

 

    Three months ended June 30, 2018  
    As reported     Adjustment     Revised  
Impairment of goodwill   $ 27,129,963     $ (27,129,963 )   $ —  
Loss on acquisition of Bow Energy Ltd.     —       32,999,330       32,999,330  
Net loss     (29,277,038 )     (5,869,367 )     (35,146,405 )
Net loss attributable to common stockholders     (29,321,044 )     (5,869,367 )     (35,190,411 )
Loss per share – Basic and diluted     (0.24 )     (0.05 )     (0.29 )
Comprehensive loss   $ (29,367,691 )   $ (5,869,367 )   $ (35,237,058 )
Schedule of Condensed Consolidated Statement of Changes in Stockholders' Equity

Condensed Consolidated Statement of Changes in Stockholders’ Equity

 

    As at June 30, 2018  
    As reported     Adjustment     Revised  
Accumulated deficit   $ (40,644,427 )   $ (5,869,367 )   $ (46,513,794 )
Total stockholders’ equity   $ 19,085,435     $ (5,869,367 )   $ 13,216,068  
Schedule of Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

 

    Three months ended June 30, 2018  
    As reported     Adjustment     Revised  
Operating activities                        
Net loss   $ (29,277,038 )   $ (5,869,367 )   $ (35,146,405 )
Adjustment to reconcile net loss to net cash used in operating activities:                        
Impairment of goodwill     27,129,963       (27,129,963 )     —  
Loss on acquisition of Bow Energy Ltd.   $ —     $ 32,999,330     $ 32,999,330