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Other Income (Tables)
 9 Months Ended
Sep. 30, 2020
Other Income  
Schedule of other income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended

    

Nine months ended

 

 

September 30, 2020

 

September 30, 2019

 

September 30, 2020

 

September 30, 2019

Paycheck Protraction Program Loan1

 

$

 —

 

$

 —

 

$

185,284

 

$

 —

Industrial Research Assistance Program Funding

 

 

 —

 

 

 —

 

 

243,936

 

 

 —

Canada Emergency Wage Subsidy

 

 

27,127

 

 

 —

 

 

106,961

 

 

 —

Miscellaneous income

 

 

 —

 

 

17,711

 

 

10,141

 

 

71,639

 

 

$

27,127

 

$

17,711

 

$

546,322

 

$

71,639

 

1  On May 21, 2020, the Company entered into a promissory note evidencing an unsecured loan in the amount of US$133,700 made to the Company under the Paycheck Protection Program (the “Loan”). The Paycheck Protection Program (or “PPP”) was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration. The Loan to the Company was made through BMO Harris Bank National Association (the “Lender”).