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

Financial instruments and financial risk management (Tables)

v3.19.1
Financial instruments and financial risk management (Tables)
12 Months Ended
Dec. 31, 2018
Financial Instruments and Financial Risk Management [Abstract]  
Schedule of contractual maturities of non-derivative financial liabilities
At December 31, 2018   Within one year     Between one
and five years
    More than
five years
 
Trade payables   $ 718,953       -       -  
Accrued liabilities     543,908       -       -  
Customer deposits     303,076       -       -  
Shareholder loan     6,230       -       -  
    $ 1,572,157     $ -     $ -  

 

At December 31, 2017   Within one year     Between one
and five years
    More than
five years
 
Bank loan   $ 123,637     $ -     $ -  
Trade payables     474,334       -       -  
Accrued liabilities     649,456       -       -  
Customer deposits     362,829       -       -  
Shareholder loan     10,383       -       -  
Promissory note     1,500,000       -       -  
    $ 3,120,639     $ -     $ -  
Schedule of classification of financial instruments
    December 31,
2018
    December 31,
2017
 
Cash and cash equivalents   $ 18,102,872     $ 5,596,635  
Trade receivables     51,164       -  
Trade payables     (382,087 )     (138,794 )
    $ 17,771,949     $ 5,457,841  
Schedule of financial assets and liabilities that are denominated in US dollars

Financial assets included in the statement of financial position are as follows:

 

    December 31,
2018
    December 31,
2017
 
Loans and receivables:                
Cash and cash equivalents   $ 18,926,933     $ 8,610,996  
Receivables     1,190,689       243,639  
    $ 20,117,622     $ 8,854,635  

 

Financial liabilities included in the statement of financial position are as follows:

 

    December 31,
2018
    December 31,
2017
 
Non-derivative financial liabilities:                
Bank loan   $ -     $ 123,637  
Trade payable and accrued liabilities     1,262,861       1,123,790  
Customer deposits     303,076       362,829  
Shareholder loan     6,230       10,383  
Promissory note     -       1,500,000  
Derivative financial liabilities:                
Derivative liability     4,752,875       3,655,690  
    $ 6,325,042     $ 6,776,329