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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2020
Disclosure of detailed information about intangible assets [abstract]  
INTANGIBLE ASSETS [Text Block]

11. INTANGIBLE ASSETS

The following is a continuity of the cost and accumulated amortization and impairment losses of intangible assets for the year ended December 31, 2020:

aaa   Customer
Relationships
    Domain
Names
(1)
    Technology(2)     Other (1)     Total  
Cost, beginning of year $ 8,500   $ 4,300   $ 22,164   $ 205   $ 35,169  
Additions           1,837         1,837  
Cost, end of year $ 8,500   $ 4,300   $ 24,001   $ 205   $ 37,006  
Accumulated amortization and impairment losses, beginning of year $ 4,321   $   $ 18,042   $   $ 22,363  
Amortization for the year   850         1,636         2,486  
Impairment loss           27         27  
Accumulated amortization and impairment losses, end of year $ 5,171   $   $ 19,705   $   $ 24,876  
Carrying amounts as at December 31, 2020 $ 3,329   $ 4,300   $ 4,296   $ 205   $ 12,130  

 

(1) Domain names and Other which includes patents and trademarks are deemed to have indefinite useful lives and are therefore not amortized. The Corporation's classification of certain intangible assets with indefinite useful lives is based on the expectation that these assets will continue to contribute to the Corporation's net cash inflows on an indefinite basis. The determination of these assets as having indefinite useful lives is based on judgment that includes an analysis of relevant factors, including the expected usage of the asset, anticipated renewal of the licenses, the typical life cycle of the asset and anticipated changes in the market demand for the products and services that the asset helps generate.         

(2) Technology includes technological assets acquired through acquisitions and internally developed software.

The following is a continuity of the cost and accumulated amortization and impairment losses of intangible assets for the year ended December 31, 2019:

    Customer
Relationships
    Domain
Names(1)
    Technology(2)     Other (1)     Total  
Cost, beginning of year $ 8,500   $ 4,300   $ 21,017   $ 205   $ 34,022  
Additions           1,147         1,147  
Cost, end of year $ 8,500   $ 4,300   $ 22,164   $ 205   $ 35,169  
Accumulated amortization and impairment losses, beginning of year $ 3,471   $   $ 16,599   $   $ 20,070  
Amortization for the year   850         1,443         2,293  
Accumulated amortization and impairment losses, end of year $ 4,321   $   $ 18,042   $   $ 22,363  
Carrying amounts as at December 31, 2019 $ 4,179   $ 4,300   $ 4,122   $ 205   $ 12,806  

 

(1) Domain names and Other which includes patents and trademarks are deemed to have indefinite useful lives and are therefore not amortized. The Corporation's classification of certain intangible assets with indefinite useful lives is based on the expectation that these assets will continue to contribute to the Corporation's net cash inflows on an indefinite basis. The determination of these assets as having indefinite useful lives is based on judgment that includes an analysis of relevant factors, including the expected usage of the asset, anticipated renewal of the licenses, the typical life cycle of the asset and anticipated changes in the market demand for the products and services that the asset helps generate.         

(2) Technology includes technological assets acquired through acquisitions and internally developed software.

During the year ended December 31, 2020, an amount of $6,203 was recognized as research and development expenses in employment costs in the consolidated statements of comprehensive (loss) income (2019 - $8,262).