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Prepayments and Other Current Assets
12 Months Ended
Dec. 31, 2020
Prepaid Expense And Other Assets Current [Abstract]  
Prepayments and Other Current Assets

6. Prepayments and Other Current Assets

 

Prepayments and other current assets are comprised of the following items:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

Deposits

 

$

15,976

 

 

$

25,490

 

Taxes receivable

 

 

12,122

 

 

 

6,165

 

Prepayments

 

 

6,542

 

 

 

5,847

 

ABG finance receivable - current

 

 

 

 

 

671

 

Total

 

$

34,640

 

 

$

38,173

 

 

Deposits include advance payments on future purchases of inventory to secure supply. During the year ended December 31, 2020, the Company reached agreement with certain suppliers to terminate supply agreements. As a result, deposits have been written down by $4,934 in the Cannabis segment and were recorded in cost of sales in the statements of net loss and comprehensive loss (refer to Note 5).