Note 9 - Investments

12 Months Ended

Dec. 31, 2022

Statement Line Items [Line Items]

Disclosure of investments other than investments accounted for using equity method [text block]

9. INVESTMENTS

The continuity of the Company’s investments in equity securities is as follows:

	December 31,			December 31,
	2022			2021
		$			$
Equity securities, beginning of year		1,179			11,951
Disposition of equity securities at fair value		(1,111	)		(6,371	)
Unrealized loss for the period		(57	)		(4,401	)
Equity securities, end of year		11			1,179

During the year ended December 31, 2022, the Company disposed of certain equity securities held as investments. The proceeds on disposition were $1,111 ( December 31, 2021: $6,371). In addition, the Company recognized a gain on disposal of $964 (net of $147 tax) ( December 31, 2021: $5,026 net of $784 tax) which was transferred from other comprehensive income (loss) to deficit. During the year ended December 31, 2022, the Company recorded an unrealized loss of $57 ( December 31, 2021: $4,401) on its investment in equity securities designated as fair value through other comprehensive income (“FVTOCI”) instruments. A deferred tax benefit related to this unrealized loss was also recorded for the year ended December 31, 2022 amounting to $7 ( December 31, 2021: $597) in other comprehensive loss.