40-F/A Filing

REAL BROKERAGE INC CIK: 1862461 FY 2021

Filing Information

Form Type	40-F/A
Accession Number	`0001062993-22-010220`
Period End Date	20211231
Filing Date	20220414
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	form40fa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 32 Cash Flow Statement 68 Stockholders Equity 24

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$21.23M	USD	Point-in-time
Cash	`Cash`	$29.08M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$47.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$47.00K	USD	Point-in-time
Investments in available-for-sale securities at fair value	`CurrentFinancialAssetsAvailableforsale`	-	USD	Point-in-time
Investments in available-for-sale securities at fair value	`CurrentFinancialAssetsAvailableforsale`	$8.81M	USD	Point-in-time
Trade receivables	`CurrentTradeReceivables`	$117.00K	USD	Point-in-time
Trade receivables	`CurrentTradeReceivables`	$254.00K	USD	Point-in-time
Other receivables	`OtherCurrentReceivables`	$23.00K	USD	Point-in-time
Other receivables	`OtherCurrentReceivables`	$221.00K	USD	Point-in-time
Prepaid expenses and deposits	`CurrentPrepaidExpenses`	$448.00K	USD	Point-in-time
Prepaid expenses and deposits	`CurrentPrepaidExpenses`	$89.00K	USD	Point-in-time
TOTAL CURRENT ASSETS	`CurrentAssets`	$21.70M	USD	Point-in-time
TOTAL CURRENT ASSETS	`CurrentAssets`	$38.66M	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	-	USD	Point-in-time
Intangible assets	`IntangibleAssetsOtherThanGoodwill`	$451.00K	USD	Point-in-time
Goodwill	`Goodwill`	$602.00K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipment`	$14.00K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipment`	$170.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$109.00K	USD	Point-in-time
Right-of-use assets	`RightofuseAssets`	$193.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`NoncurrentAssets`	$207.00K	USD	Point-in-time
TOTAL NON-CURRENT ASSETS	`NoncurrentAssets`	$1.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$40.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$21.91M	USD	Point-in-time
Accounts payable and accrued liabilities	`TradeAndOtherCurrentPayables`	$6.60M	USD	Point-in-time
Accounts payable and accrued liabilities	`TradeAndOtherCurrentPayables`	$815.00K	USD	Point-in-time
Other Payables	`OtherCurrentPayables`	$64.00K	USD	Point-in-time
Other Payables	`OtherCurrentPayables`	$3.35M	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$91.00K	USD	Point-in-time
Lease liabilities	`CurrentLeaseLiabilities`	$85.00K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`CurrentLiabilities`	$10.05M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`CurrentLiabilities`	$964.00K	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	$130.00K	USD	Point-in-time
Lease liabilities	`NoncurrentLeaseLiabilities`	$40.00K	USD	Point-in-time
Accrued stock-based compensation	`AccrualsClassifiedAsNoncurrent`	$2.27M	USD	Point-in-time
Accrued stock-based compensation	`AccrualsClassifiedAsNoncurrent`	$15.00K	USD	Point-in-time
Warrants outstanding	`WarrantsOutstandingClassifiedAsNonCurrent`	-	USD	Point-in-time
Warrants outstanding	`WarrantsOutstandingClassifiedAsNonCurrent`	$639.00K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`NoncurrentLiabilities`	$2.95M	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`NoncurrentLiabilities`	$145.00K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$12.99M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.11M	USD	Point-in-time
Share Premium	`SharePremium`	$63.40M	USD	Point-in-time
Share Premium	`SharePremium`	$21.67M	USD	Point-in-time
Stock-based compensation reserves	`CapitalReserve`	$2.76M	USD	Point-in-time
Stock-based compensation reserves	`CapitalReserve`	$6.72M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-30.13M	USD	Point-in-time
Deficit	`RetainedEarnings`	$-18.45M	USD	Point-in-time
Other Reserves	`OtherReserves`	$-347.00K	USD	Point-in-time
Other Reserves	`OtherReserves`	-	USD	Point-in-time
Treasury Stock, at cost	`TreasuryShares`	$12.64M	USD	Point-in-time
Treasury Stock, at cost	`TreasuryShares`	-	USD	Point-in-time
EQUITY ATTRIBUTABLE TO OWNERS	`EquityAttributableToOwnersOfParent`	$27.00M	USD	Point-in-time
EQUITY ATTRIBUTABLE TO OWNERS	`EquityAttributableToOwnersOfParent`	$5.98M	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	-	USD	Point-in-time
Non-controlling interests	`NoncontrollingInterests`	$14.82M	USD	Point-in-time
TOTAL EQUITY	`Equity`	$27.00M	USD	Point-in-time
TOTAL EQUITY	`Equity`	$-11.94M	USD	Point-in-time
TOTAL EQUITY	`Equity`	$20.80M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`EquityAndLiabilities`	$40.00M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`EquityAndLiabilities`	$21.91M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenue`	$121.68M	USD	Annual
Revenues	`Revenue`	$16.56M	USD	Annual
Cost of Sales	`CostOfSales`	$14.40M	USD	Annual
Cost of Sales	`CostOfSales`	$110.59M	USD	Annual
Gross Profit	`GrossProfit`	$11.09M	USD	Annual
Gross Profit	`GrossProfit`	$2.15M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.57M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.66M	USD	Annual
Marketing expenses	`SalesAndMarketingExpense`	$905.00K	USD	Annual
Marketing expenses	`SalesAndMarketingExpense`	$7.81M	USD	Annual
Research and Development Expenses	`ResearchAndDevelopmentExpense`	$405.00K	USD	Annual
Research and Development Expenses	`ResearchAndDevelopmentExpense`	$3.98M	USD	Annual
Other income	`OtherIncome`	$249.00K	USD	Annual
Other income	`OtherIncome`	$168.00K	USD	Annual
Operating Loss	`ProfitLossFromOperatingActivities`	$-11.02M	USD	Annual
Operating Loss	`ProfitLossFromOperatingActivities`	$-2.65M	USD	Annual
Listing expenses	`ListingExpenses`	-	USD	Annual
Listing expenses	`ListingExpenses`	$835.00K	USD	Annual
Finance expenses	`FinanceCosts`	$140.00K	USD	Annual
Finance expenses	`FinanceCosts`	$662.00K	USD	Annual
Net Loss	`ProfitLoss`	$-11.68M	USD	Annual
Net Loss	`ProfitLoss`	$-3.62M	USD	Annual
Unrealized losses on available for sale investment portfolio	`GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax`	$-352.00K	USD	Annual
Unrealized losses on available for sale investment portfolio	`GainsLossesOnRemeasuringAvailableforsaleFinancialAssetsNetOfTax`	-	USD	Annual
Foreign currency translation adjustment	`GainsLossesOnExchangeDifferencesOnTranslationNetOfTax`	-	USD	Annual
Foreign currency translation adjustment	`GainsLossesOnExchangeDifferencesOnTranslationNetOfTax`	$5.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncome`	$-3.62M	USD	Annual
Comprehensive loss	`ComprehensiveIncome`	$-12.03M	USD	Annual
Basic and diluted loss per share	`DilutedEarningsLossPerShare`	$-0.07	USD	Annual
Basic and diluted loss per share	`DilutedEarningsLossPerShare`	$-0.04	USD	Annual
Weighted-average shares, basic and diluted	`AdjustedWeightedAverageShares`	170.48M	shares	Annual
Weighted-average shares, basic and diluted	`AdjustedWeightedAverageShares`	101.85M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Total loss and comprehensive loss	`ComprehensiveIncome`	$-3.62M	USD	Annual
Total loss and comprehensive loss	`ComprehensiveIncome`	$-12.03M	USD	Annual
Depreciation	`AdjustmentsForDepreciationAndAmortisationExpense`	$213.00K	USD	Annual
Depreciation	`AdjustmentsForDepreciationAndAmortisationExpense`	$91.00K	USD	Annual
Equity-settled share-based payment transactions	`AdjustmentsForSharebasedPayments`	$4.03M	USD	Annual
Equity-settled share-based payment transactions	`AdjustmentsForSharebasedPayments`	$1.14M	USD	Annual
Listing expenses	`AdjustmentsForListingExpenses`	$459.00K	USD	Annual
Gain on available-for-sale investment portfolio	`AdjustmentsForGainOnAvailableForSaleInvestmentPortfolio`	$-223.00K	USD	Annual
Gain on available-for-sale investment portfolio	`AdjustmentsForGainOnAvailableForSaleInvestmentPortfolio`	-	USD	Annual
Unrealized loss on available-for-sale investment portfolio	`AdjustmentsForUnrealizedLossOnAvailableForSaleInvestmentPortfolio`	$352.00K	USD	Annual
Finance expenses	`AdjustmentsForFinanceCosts`	$140.00K	USD	Annual
Finance expenses	`AdjustmentsForFinanceCosts`	$565.00K	USD	Annual
Stock compensation payable (RSU)	`AdjustmentsForStockCompensationPayableRestrictedStockUnit`	$15.00K	USD	Annual
Stock compensation payable (RSU)	`AdjustmentsForStockCompensationPayableRestrictedStockUnit`	$2.25M	USD	Annual
Trade receivables	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	$-137.00K	USD	Annual
Trade receivables	`AdjustmentsForDecreaseIncreaseInTradeAccountReceivable`	$-61.00K	USD	Annual
Other receivables	`AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables`	$-211.00K	USD	Annual
Other receivables	`AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables`	$198.00K	USD	Annual
Prepaid expenses and deposits	`AdjustmentsForDecreaseIncreaseInPrepaidExpenses`	$-359.00K	USD	Annual
Prepaid expenses and deposits	`AdjustmentsForDecreaseIncreaseInPrepaidExpenses`	$-56.00K	USD	Annual
Accounts payable and accrued liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	$479.00K	USD	Annual
Accounts payable and accrued liabilities	`AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables`	$5.79M	USD	Annual
Other payables	`AdjustmentsForIncreaseDecreaseInOtherOperatingPayables`	$24.00K	USD	Annual
Other payables	`AdjustmentsForIncreaseDecreaseInOtherOperatingPayables`	$3.29M	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`CashFlowsFromUsedInOperatingActivities`	$-1.60M	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`CashFlowsFromUsedInOperatingActivities`	$3.94M	USD	Annual
Investments in available-for-sale securities	`PurchaseOfAvailableforsaleFinancialAssets`	$8.94M	USD	Annual
Investments in available-for-sale securities	`PurchaseOfAvailableforsaleFinancialAssets`	-	USD	Annual
Purchase of property and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$172.00K	USD	Annual
Purchase of property and equipment	`PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities`	$16.00K	USD	Annual
Acquisition of subsidiaries consolidated for the first time	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	$1.10M	USD	Annual
Acquisition of subsidiaries consolidated for the first time	`CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities`	-	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`CashFlowsFromUsedInInvestingActivities`	$-10.21M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`CashFlowsFromUsedInInvestingActivities`	$-16.00K	USD	Annual
Proceeds from private placement	`ProceedsFromIssueOfOrdinaryShares`	-	USD	Annual
Proceeds from private placement	`ProceedsFromIssueOfOrdinaryShares`	$2.09M	USD	Annual
Additional proceeds from Qualifying Transaction	`AdditionalProceedsFromQualifyingTransaction`	-	USD	Annual
Additional proceeds from Qualifying Transaction	`AdditionalProceedsFromQualifyingTransaction`	$321.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	$26.48M	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromExerciseOfWarrants`	-	USD	Annual
Proceeds from Pipe Transaction	`ProceedsFromPipeTransaction`	$20.40M	USD	Annual
Proceeds from Pipe Transaction	`ProceedsFromPipeTransaction`	-	USD	Annual
Proceeds from issuance of convertible debt	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	-	USD	Annual
Proceeds from issuance of convertible debt	`ProceedsFromBorrowingsClassifiedAsFinancingActivities`	$250.00K	USD	Annual
Purchase of common shares for Restricted Share Unit (RSU) Plan	`PaymentsOfOtherEquityInstruments`	$12.64M	USD	Annual
Purchase of common shares for Restricted Share Unit (RSU) Plan	`PaymentsOfOtherEquityInstruments`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	-	USD	Annual
Proceeds from exercise of stock options	`ProceedsFromExerciseOfOptions`	$207.00K	USD	Annual
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$127.00K	USD	Annual
Payment of lease liabilities	`PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities`	$84.00K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`CashFlowsFromUsedInFinancingActivities`	$13.95M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`CashFlowsFromUsedInFinancingActivities`	$22.93M	USD	Annual
Net change in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$21.31M	USD	Annual
Net change in cash and cash equivalents	`IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges`	$7.68M	USD	Annual
Cash and equivalents, beginning of year	`CashAndCashEquivalents`	$53.00K	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalents`	$29.08M	USD	Point-in-time
Cash and equivalents, beginning of year	`CashAndCashEquivalents`	$21.23M	USD	Point-in-time
Fluctuations in foreign currency	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$171.00K	USD	Annual
Fluctuations in foreign currency	`EffectOfExchangeRateChangesOnCashAndCashEquivalents`	$-141.00K	USD	Annual
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalents`	$53.00K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalents`	$29.08M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalents`	$21.23M	USD	Point-in-time
Conversion of real series A preferred shares	`ConversionOfSeriesAPreferredShares`	$11.75M	USD	Annual
Conversion of real series A preferred shares	`ConversionOfSeriesAPreferredShares`	-	USD	Annual
Increase in ROU against lease liabilities	`AdditionsToRightofuseAssets`	$84.00K	USD	Annual
Increase in ROU against lease liabilities	`AdditionsToRightofuseAssets`	$69.00K	USD	Annual
Warrants liability from acquisition	`WarrantsLiabilityFromAcquisition`	$65.00K	USD	Annual
Warrants liability from acquisition	`WarrantsLiabilityFromAcquisition`	-	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`Equity`	$27.00M	USD	Point-in-time
Balance	`Equity`	$-11.94M	USD	Point-in-time
Balance	`Equity`	$20.80M	USD	Point-in-time
Total loss and comprehensive loss	`ComprehensiveIncome`	$-3.62M	USD	Annual
Total loss and comprehensive loss	`ComprehensiveIncome`	$-12.03M	USD	Annual
Exercise of warrants	`IncreaseDecreaseThroughExerciseOfWarrantsEquity`	$26.48M	USD	Annual
Acquisitions of commons shares for Restricted Share Unit (RSU) plan	`CancellationOfTreasuryShares`	$12.64M	USD	Annual
Shares issued to former ADL shareholders	`IncreaseDecreaseThroughSharesIssuedToFormerADLShareholders`	$271.00K	USD	Annual
Increase in ADL shares and options	`IncreaseDecreaseThroughADLSharesAndOptions`	$459.00K	USD	Annual
Shares issued via private placement	`IncreaseDecreaseThroughPrivatePlacement`	$1.59M	USD	Annual
Release of vested common shares from employee benefit trusts	`IncreaseDecreaseThroughReleaseOfVestedCommonSharesFromEmployeeBenefitTrusts`	$229.00K	USD	Annual
Conversion of shares	`IncreaseDecreaseThroughConversionOfConvertibleInstruments`	-	USD	Annual
Conversion of shares	`IncreaseDecreaseThroughConversionOfConvertibleInstruments`	$11.75M	USD	Annual
Conversion of convertible debt	`IncreaseDecreaseThroughConversionOfConvertibleDebt`	$250.00K	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$207.00K	USD	Annual
Exercise of stock options	`IncreaseDecreaseThroughExerciseOfOptions`	$2.00K	USD	Annual
Shares issued via private placement	`IncreaseDecreaseThroughPrivatePlacementTwo`	$500.00K	USD	Annual
Shares issued via Pipe transaction	`IncreaseDecreaseThroughSharesIssuedViaPipeTransaction`	$14.82M	USD	Annual
Warrants issued via Pipe transaction	`IncreaseDecreaseThroughWarrantsIssuedViaPipeTransaction`	$5.58M	USD	Annual
Equity-settled share-based payment	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$1.14M	USD	Annual
Equity-settled share-based payment	`IncreaseDecreaseThroughSharebasedPaymentTransactions`	$3.96M	USD	Annual
Balance	`Equity`	$27.00M	USD	Point-in-time
Balance	`Equity`	$-11.94M	USD	Point-in-time
Balance	`Equity`	$20.80M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.