Deferred grant income

12 Months Ended

Dec. 31, 2021

Deferred grant income

Deferred grant income

11. Deferred grant income:

	December 31,		December 31,
	2021		2020
Deferred grant income	$	–	$	377,313
Less: current portion of deferred grant income		–		176,746
Long term portion of deferred grant income	$	–	$	200,567

The deferred grant income is due to the benefit of the interest rate concession as part of the Loan (see note 10(a)(iii)). As a result of the forgiveness of the Loan, all previously unamortized deferred grant income was recorded as forgiveness of loan payable in the consolidated statements of net loss and comprehensive loss.