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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Recovery

Income tax recovery varies from the amounts that would be computed by applying the expected Canadian federal and provincial statutory income tax rate of 27% (2020 – 27%) to loss before income taxes as shown in the following table:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

Computed recoveries at Canadian federal and

   provincial tax rates

 

$

(21,300

)

 

$

(7,856

)

Change in valuation allowance

 

 

21,354

 

 

 

7,821

 

Investment tax credits earned

 

 

(2,279

)

 

 

(1,689

)

Tax attributes expired/utilized

 

 

692

 

 

 

764

 

Non-deductible expenditures

 

 

2,033

 

 

 

1,135

 

Other

 

 

(506

)

 

 

(432

)

Income tax recovery

 

$

(6

)

 

$

(257

)

 

Schedule of Net Deferred Income Tax Assets

 

 

December 31,

 

 

 

2021

 

 

2020

 

Scientific research and experimental development pool

 

$

32,505

 

 

$

29,580

 

Investment tax credits

 

 

27,271

 

 

 

25,411

 

Non-capital losses

 

 

53,453

 

 

 

35,803

 

Depreciable assets

 

 

7,667

 

 

 

6,635

 

Deferred financing fees

 

 

7,252

 

 

 

1,689

 

Deferred revenue

 

 

-

 

 

 

983

 

Other

 

 

826

 

 

 

533

 

Less - valuation allowance

 

 

(128,509

)

 

 

(100,111

)

Net deferred income tax assets

 

$

465

 

 

$

523