FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2019

FINANCIAL RISK MANAGEMENT

Schedule of financial liabilities measured at fair value

As at December 31, 2017:

	Level 1		Level 2		Level 3		Total
Financial liabilities at fair value through profit and loss
2017 Convertible Notes	$	—	$	—	$	20,007,559	$	20,007,559
Derivative warrant financial liability from financing	$	—	$	—	$	36,829,030	$	36,829,030

As at December 31, 2018:

	Level 1		Level 2		Level 3		Total
Financial liabilities at fair value through profit and loss
2017 Convertible Notes	$	—	$	—	$	14,617,336	$	14,617,336
Derivative warrant financial liability from financing	$	—	$	—	$	190,303	$	190,303

As at December 31, 2019:

	Level 1		Level 2		Level 3		Total
Financial liabilities at fair value through profit and loss
2017 Convertible Notes	$	—	$	—	$	5,400,189	$	5,400,189
2019 Convertible Notes	$	—	$	—	$	9,265,480	$	9,265,480

Schedule of carrying amounts of financial assets and financial liabilities

		December 31,		December 31,		December 31,
	Note	2019		2018		2017
Amortized cost
Cash and cash equivalents	6	$	5,292,833	$	9,242,809	$	17,507,157
Accounts receivable	7		715,696		647,143		1,334,923
Restricted cash	11		462,874		439,736		478,260
		$	6,471,403	$	10,329,688	$	19,320,340
Other financial liabilities at amortized cost
Accounts payable and accrued liabilities (current)	14	$	7,794,456	$	4,610,560	$	1,844,955
Accrued liabilities (non-current)	14		1,186,601		2,241,979		—
Financial liabilities at fair value through profit and loss
2017 Convertible Notes (current)	17	$	5,400,189		1,423,224		4,261,597
2019 Convertible Notes (current)	17		1,090,561		—		—
Derivative liability from financing (current)			—		—		19,997,345
2017 Convertible Notes (non-current)	17		—		13,194,112		15,745,962
2019 Convertible Notes (non-current)	17		8,174,919		—		—
Derivative warrant liability from financing (non-current)			—		190,303		16,831,685
		$	23,646,726	$	21,660,178	$	58,681,544

Summary of ageing of trades payables

Trade payables were aged as follows as at December 31, 2019 and do not include accrued liabilities. All trades payables are current liabilities:

		Total
Current	$	1,534,577
31-60 days		825,097
Over 60 days		1,633,529
	$	3,993,203

Summary of analysis of the contractual maturities of the non-derivative accrued liabilities

The following is an analysis of the contractual maturities of the Company’s non-derivative accrued liabilities as at December 31, 2019:

	Within One Year		Between One and Two Years
Collaboration, license and settlement agreements (undiscounted)	$	1,250,000	$	1,250,000
	$	1,250,000	$	1,250,000