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Intangible Assets
9 Months Ended
Sep. 30, 2019
Intangible Assets [Text Block]

8. Intangible Assets

 

 

June 30, 2019

 

 

December 31, 2018

 

Technology license (net of accumulated amortization of $881 (2018- $731))

$

1,120

 

$

1,270

 

Customer list-limited life-$9,298 CAD (net of accumulated amortization of $907)

 

7,021

 

 

 

Trademarks-indefinite life-$14,817 CAD

 

11,188

 

 

 

Environmental compliance approvals-indefinite life- $282,700 CAD

 

213,467

 

 

133,919

 

 

$

232,796

 

$

135,189

 

On May 6, 2015, the Company acquired an exclusive license from Syngas SDN BHD ("Syngas"), a Malaysian company to use Syngas intellectual property within North America for a period of five years for $1 consideration, renewable every five years upon written request. Syngas manufactures equipment that produces liquid transportation fuel from plastic waste material. The Company issued 20,000 common shares of the Company to an introducing party, determined to be valued at $2,000.

On March 14, 2019, the Company incurred fees to register various trademarks in the United States and Canada in the amount $11,188 ($14,817 CAD).

On September 15, 2017, the Company acquired the environmental compliance approvals on the purchase of certain assets of Astoria from BDO Canada Limited (“BDO") under an asset purchase agreement (the "APA").

Effective May 24, 2019, the Company acquired an additional environmental compliance approval of $75,510 ($100,000 CAD) and a customer list $7,021 ($9,298 CAD), net of accumulated amortization of $685 ($907 CAD), relating to certain municipal contracts (forty-five-month life) on the purchase of the shares of 1684567.