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Intangible assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

 

 

 

Professional

Services

Agreements

 

 

Patents

 

 

Total

 

Cost

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2018

 

$

215,844,537

 

 

$

532,598

 

 

$

216,377,135

 

Additions through asset acquisitions (note 4)

 

 

40,646,723

 

 

 

—

 

 

 

40,646,723

 

Balance as at December 31, 2018

 

$

256,491,260

 

 

$

532,598

 

 

$

257,023,858

 

Additions through asset acquisitions and adjustments

   (note 4)

 

 

18,622,130

 

 

 

—

 

 

$

18,622,130

 

Balance as at December 31, 2019

 

$

275,113,390

 

 

$

532,598

 

 

$

275,645,988

 

 

 

 

Professional

Services

Agreements

 

 

Patents

 

 

Total

 

Accumulated depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Balance as at January 1, 2018

 

$

45,752,303

 

 

$

497,417

 

 

$

46,249,720

 

Amortization expense

 

 

31,387,429

 

 

 

2,446

 

 

 

31,389,875

 

Balance as at December 31, 2018

 

$

77,139,732

 

 

$

499,863

 

 

$

77,639,595

 

Amortization expense and adjustments (note 4)

 

 

34,895,944

 

 

 

2,256

 

 

 

34,898,200

 

Balance as at December 31, 2019

 

$

112,035,676

 

 

$

502,119

 

 

$

112,537,795

 

 

 

 

Professional

Services

Agreements

 

 

Patents

 

 

Total

 

Net book value

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

$

163,077,714

 

 

$

30,479

 

 

$

163,108,193

 

December 31, 2018

 

$

179,351,528

 

 

$

32,735

 

 

$

179,384,263

 

Summary of Amortization Expense to be Incurred by Company Over Next Five Years

 

Based on the Company’s professional services agreements in place at December 31, 2019, the Company anticipates that the amortization expense to be incurred by the Company over the next five years is as follows:

 

 

 

Amortization

Expense

 

For professional services agreements as at December 31, 2019:

 

 

 

 

2020

 

$

37,438,739

 

2021

 

 

32,132,360

 

2022

 

 

25,411,084

 

2023

 

 

21,264,710

 

2024

 

 

19,339,571

 

 

 

$

135,586,464