LEASES

12 Months Ended

Dec. 31, 2020

The Company has entered into commercial operating leases for the use of offices and warehouses as lessee. These leases have original terms not exceeding 10 years. These leases have varying terms, escalation clauses and renewal rights.

Information pertaining to lease amounts recognized in our consolidated financial statements is summarized as follows:

	For the year ended December 31,
	2019 $		2020 $
Operating lease cost:
Operating lease cost		51,403		73,273
Short-term lease cost		4,669		6,451
		56,072		79,724

Supplemental cash flow information
Operating cash flows from operating leases	41,237	72,756
Right-of-use obtained in exchange for new operating lease liabilities	99,129	95,020

Weighted-average remaining lease term (years)
Operating leases			4.43				3.91

As of December 31, 2019 and 2020, the weighted-average discount rate for operating leases was 9.17% and 8.40%, respectively.

	Operating leases
As of December 31, 2020:	_$_
Maturities of lease liabilities
2021		77,895
2022		80,851
2023		72,352
2024		34,526
2025		23,712
After 2025		9,835
Total lease payments		299,171
Less: Imputed interest		(46,795	)
Present value of lease liabilities		252,376

As of December 31, 2019 and 2020, the Company has additional operating leases, primarily for offices, that have not yet commenced of $12,968 and $30,404 respectively, with lease terms not exceeding 5 years.