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

Significant accounting policies and basis of preparation (Tables)

v3.19.3
Significant accounting policies and basis of preparation (Tables)
9 Months Ended
Sep. 30, 2019
Significant accounting policies and basis of preparation  
Schedule of property, plant and equipment

 

 

 

 

Class of plant and equipment

    

Amortization rate

Furniture and equipment

 

20%

Computer equipment

 

33%

Computer software

 

50%

Vehicles

 

33%

Leasehold improvements

 

over term of lease

Right of use assets

 

over term of lease

Production tooling and molds

 

per unit produced

 

Schedule of operating and finance lease liabilities

 

 

 

 

 

Operating lease commitment at December 31, 2018 as disclosed in the Company’s consolidated financial statement

    

$

2,148,834

Discounting effect using the incremental borrowing rate at January 1, 2019

 

 

178,677

 

 

 

1,970,157

Extension options reasonably certain to be exercised

 

 

136,809

Lease liabilities recognized at January 1, 2019

 

$

2,106,966