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Interim Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Current    
Cash and cash equivalents $ 4,930,689 $ 3,472,776
Term deposits 1,025,347 1,000,000
Accounts receivable (Note 4) 5,869,170 5,889,813
Inventory (Note 5) 10,739,258 8,372,476
Prepaid expenses 348,148 302,447
Total current assets 22,912,612 19,037,512
Property, equipment and leaseholds, net (Note 6) 5,186,746 5,142,041
Patents (Note 7) 17,808 30,137
Right of use assets (Note 3) 253,067 483,113
Intangible assets (Note 8) 2,644,000 2,776,000
Long term deposits (Note 9) 8,540 8,540
Investments (Note 10) 5,515,348 4,776,167
Goodwill (Note 8) 2,534,275 2,534,275
Deferred tax asset 299,603 299,603
Total Assets 39,371,999 35,087,388
Current    
Accounts payable 1,073,883 558,105
Accrued liabilities 957,979 1,225,804
Deferred revenue 259,083 314,277
Income taxes payable 4,396,735 2,540,348
Short term line of credit (Note 11) 1,489,154 2,116,073
Current portion of lease liability (Note 3) 96,695 287,900
Current portion of long term debt (Note 12) 861,618 848,794
Total current liabilities 9,135,147 7,891,301
Lease liability (Note 3) 156,372 195,213
Deferred income tax liability 233,751 233,751
Long term debt (Note 12) 1,712,338 2,998,844
Total Liabilities 11,237,608 11,319,109
Stockholders’ Equity    
Capital stock (Note 15) Authorized: 50,000,000 common shares with a par value of $0.001 each; 1,000,000 preferred shares with a par value of $0.01 each Issued and outstanding: 12,327,246 (December 31, 2020: 12,260,545) common shares 12,327 12,261
Capital in excess of par value 16,849,411 16,633,190
Other comprehensive loss (783,837) (872,121)
Accumulated earnings 9,223,154 5,433,198
Total stockholders’ equity – controlling interest 25,301,055 21,206,528
Non-controlling interests (Note 16) 2,833,336 2,561,751
Total Stockholders’ Equity 28,134,391 23,768,279
Total Liabilities and Stockholders’ Equity $ 39,371,999 $ 35,087,388