FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2020

FINANCIAL RISK MANAGEMENT

Schedule of financial liabilities measured at fair value

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

As at December 31, 2020:

	Level 1		Level 2		Level 3		Total
Financial liabilities at fair value through profit and loss
2019 Convertible Notes	$	—	$	—	$	6,195,357	$	6,195,357
2020 Convertible notes and warrants and derivative warrant liabilities	$	—	$	—	$	1,522,054	$	1,522,054

Schedule of carrying amounts of financial assets and financial liabilities

	Note	2020		2019		2018
Assets at amortized cost
Cash and cash equivalents	6	$	12,935,860	$	5,292,833	$	9,242,809
Accounts receivable	7		987,057		715,696		647,143
Restricted cash	11		470,460		462,874		439,736
		$	14,393,377	$	6,471,403	$	10,329,688
Other financial liabilities at amortized cost
Accounts payable and accrued liabilities (current)	14	$	7,243,500	$	7,794,456	$	4,610,560
Accounts payable and accrued liabilities (non-current)	14		—		1,186,601		2,241,979
Financial liabilities at fair value through profit and loss
2017 Convertible Notes (current)	16(b)	$	—	$	5,400,189	$	1,423,224
2017 Convertible Notes (non-current)	16(b)		—		—		13,194,112
2017 Derivative warrant liability (current)	16(b)		—		—		190,303
2019 Convertible Notes (current)	16(c)		38,633		1,090,561		—
2019 Convertible Notes (non-current)	16(c)		6,156,724		8,174,919		—
2020 Convertible Notes (current)	16(d)		37,525		—		—
2020 Convertible notes and warrants and derivative warrant liabilities (non-current)	16(d)		1,484,529		—		—
		$	14,960,911	$	23,646,726	$	21,660,178

Summary of ageing of trades payables

Trade payables were aged as follows as at December 31, 2020 and do not include accrued liabilities. All trades payables are current liabilities:

		Total
Current	$	1,612,254
31-60 days		869,498
Over 60 days		1,223,874
	$	3,705,626

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, 2020:

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