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RIGHT OF USE ASSET (Tables)
12 Months Ended
Dec. 31, 2020
RIGHT OF USE ASSET  
Summary of right of use assets

 

 

 

 

COST

    

Total

Balance at January 1, 2019 on adoption of IFRS 16

 

$

1,407,704

Impairment of right-of-use asset

 

 

(231,773)

Impairment reversal

 

 

156,366

Sublease

 

 

(274,965)

Balance as at December 31, 2019

 

$

1,057,333

Addition and lease  modification

 

 

478,281

Balance as at December 31, 2020

 

$

1,535,614

 

 

 

 

ACCUMULATED DEPRECIATION

 

 

  

Balance at January 1, 2019 on adoption of IFRS 16

 

 

 —

Depreciation for the year

 

 

336,860

Balance at December 31, 2019

 

$

336,860

Depreciation for the year 

 

 

368,203

Balance as at December 31, 2020

 

$

705,063

 

 

 

 

NET BOOK VALUE

 

 

 

As at January 1, 2019,

 

$

1,407,704

As at December 31, 2019

 

$

720,473

As at December 31, 2020

 

$

830,551