Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Financial instruments and financial risk management (Tables)

v3.21.1
Financial instruments and financial risk management (Tables)
12 Months Ended
Dec. 31, 2020
Financial instruments and financial risk management  
Schedule of contractual maturities of non-derivative financial liabilities

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

Between one 

 

More than

At December 31, 2020

    

Within one year

    

and five years

    

 five years

Trade payables

 

$

1,001,773

 

 

 —

 

 

 —

Accrued liabilities

 

 

2,179,134

 

 

 —

 

 

 —

Due to related parties

 

 

280,432

 

 

 —

 

 

 —

Lease liabilities

 

 

576,232

 

 

373,889

 

 

125,652

 

 

$

4,037,571

 

$

373,889

 

$

125,652

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

Between one 

 

More than 

At December 31, 2019

    

Within one year

    

and five years

    

five years

Trade payables

 

$

535,048

 

 

 —

 

 

 —

Accrued liabilities

 

 

894,350

 

 

 —

 

 

 —

Due to related parties

 

 

212,562

 

 

 —

 

 

 —

Shareholder loan

 

 

1,602

 

 

 —

 

 

 —

Lease liabilities

 

 

466,679

 

 

468,465

 

 

194,105

 

 

$

2,110,241

 

$

468,465

 

$

194,105

 

Schedule of financial assets and liabilities that are denominated in US dollars

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

    

2020

    

2019

Cash and cash equivalents

 

$

127,126,440

 

$

8,143,357

Restricted cash

 

 

63,250

 

 

63,250

Receivables

 

 

162,315

 

 

148,901

Lease liabilities

 

 

(646,616)

 

 

(557,713)

Trade payables and accrued liabilities

 

 

(1,921,536)

 

 

(81,700)

 

 

$

124,783,853

 

$

7,716,095

 

Schedule of classification of financial instruments

 

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

 

2020

 

2019

Amortized cost:

 

  

 

 

  

 

Cash and cash equivalents

 

$

129,450,676

 

$

8,560,624

Restricted cash

 

 

143,800

 

 

142,201

Receivables

 

 

159,664

 

 

111,400

 

 

$

129,754,140

 

$

8,814,225

 


 

 

 

 

 

 

 

 

 

    

December 31, 

 

December 31, 

 

    

2020

    

2019

Non-derivative financial liabilities:

 

  

 

 

  

 

Trade payable and accrued liabilities

 

$

3,461,339

 

$

1,641,960

Shareholder loan

 

 

 —

 

 

1,602

Lease liabilities

 

 

1,075,773

 

 

1,129,249

Derivative financial liabilities:

 

 

  

 

 

  

Derivative liability

 

 

17,899,855

 

 

5,456,265

 

 

$

22,436,967

 

$

8,229,076