Climate Change Data

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Negative cash flow from operations and inability to finance day-to-day activities through operations.
• COVID-19 pandemic's potential adverse impact on workforce, economy, and financial markets.
• Dependence on one major customer (HP).
• Dependence on executive officers and directors.
• Potential conflicts of interest among executive officers, directors, security holders, and affiliates.
• Cybersecurity risks and attacks.
• Dependence on subsidiaries for cash flows.
• Inadequate insurance coverage against all future risks.
• Compliance with laws and regulations.
• Limited operating history and minimal revenues.
• Potential for losses over an extended period.
• Risks associated with future acquisitions or strategic investments.
• Need for additional funding for growth plans.
• Inability to retain existing users or add new users.
• Inability to keep up with industry trends or technological developments.
• Risks related to international operations.
• Privacy concerns and potential regulatory changes.
• Impact of natural events on operations.
• Risks related to regulation (trade, export controls, foreign corrupt practices).
• Risks related to the company's common shares and warrants (volatility, penny stock classification, delisting).
• Potential adverse tax consequences for U.S. holders.
• Increased costs associated with operating as a reporting company.

Mitigation Strategies

• Completed a public offering with proceeds of approximately US$11 million.
• Implemented work-from-home requirements, modified employee travel policies, and shifted corporate events to virtual formats in response to the COVID-19 pandemic.
• Seeking to diversify customer base.
• Maintaining insurance coverage.
• Monitoring and complying with applicable laws and regulations.
• Implementing growth strategies (increase applications and verticals, integrate into more devices, develop global reach, add more prizing partners, constantly improve outcomes).
• Exploring potential acquisitions and strategic investments.
• Raising additional funds through stock and debt issuances.
• Investing in new technology and industry developments.
• Implementing measures to mitigate cybersecurity risks.
• Developing and maintaining effective internal controls over financial reporting.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Davidson & Company LLP