Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Lease liabilities

v3.19.3
Lease liabilities
9 Months Ended
Sep. 30, 2019
Lease liabilities.  
Lease liabilities

8.Lease liabilities

Lease obligations relate to the Company’s rent of office space and warehouse space. The term of the leases expire on November 1, 2020, July 1, 2020, September 1, 2021 and August 1, 2022 with the Company holding an option to renew for the office space for a further five years.

As at September 30, 2019, the contractual undiscounted cash flows related to leases were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Present value of

 

 

Future minimum

 

 

 

 

minimum lease

 

 

lease payments

 

Interest

 

payments

Less than one year

 

$

746,394

 

$

112,511

 

$

633,883

Between one and five years

 

 

976,313

 

 

158,926

 

 

817,387

More than five years

 

 

196,044

 

 

12,579

 

 

183,465

 

 

$

1,918,751

 

$

284,016

 

 

1,634,735

Current portion of lease liabilities

 

 

  

 

 

  

 

 

633,883

Non-current portion of lease liabilities

 

 

  

 

 

  

 

$

1,000,852