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Loans And Borrowings (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Disclosure of detailed information about borrowings [abstract]    
Disclosure of Detailed Information About Borrowings Explanatory
The Company’s loans and borrowings are described in Note 12 to the 2021 Annual Financial Statements. The carrying value of loans and borrowings by entities controlled by the Company are as follows:
 
 
 
 
 
March 31, 2022
 
 
 
December 31, 2021
 
Term loan (a)   $ 8,878,345     $ 9,275,683  
Nations Interbanc facility
2
     2,911,501       2,639,143  
Debenture payable to Industry Canada     27,430       26,412  
Loan payable to related party     335,129       335,860  
Oracle financing     714,197       826,418  
Other loans and financing     259,573       112,085  
Total
 
$
13,126,175
 
 
$
13,215,601
 
 
 
 
 
 
 
 
 
 
Current
 
$
12,480,038
 
 
$
12,447,939
 
Non-current   $ 646,137     $ 767,662  
Total
1
 
$
13,126,175
 
 
$
13,215,601
 
 
 
 
1
Note 16(b) includes the reconciliation of liabilities to cash flows arising from financing
activities.
 
2
Nations advanced $3,053,250 under the factor and security agreement and was repaid $2,907,550 in the three months ended March 31, 2022 (three months ended March 31, 2021 - $1,516,107 advances and $2,200,370 repayments).
 
The carrying value of loans and borrowings by entities controlled by the Company are as follows:
 
     
December 31, 2021 
     
December 31, 2020 
  
     
Term loan
    $ 9,275,683       $ 10,928,055   
     
Nations Interbanc facility
      2,639,143         1,137,360   
     
Debenture payable to Industry Canada
      26,412         76,227   
     
Loan payable to related party
1
      335,860         318,428   
     
Oracle financing
2
      826,418         427,250   
     
Other loans and financing
      112,085         264,980   
     
Total
3
   
$
13,215,601 
 
   
$
13,152,300 
 
     
Current
      12,447,939         3,431,251   
     
Non-current
      767,662         9,721,049   
     
 
   
$
                  13,215,601 
 
   
$
                13,152,300 
 
 
 
1
 
Loan assumed as part of CSA Acquisition (Note 17(d)) which bears interest at 6% and matures in January 2023. Interest is payable annually and accrued interest is included in trade payables and accrued liabilities.
 
 
2
 
Financing arrangements provided by Oracle Credit Corporation (“Oracle”) bearing interest between 6.2% and 6.6%. Interest is due in quarterly installments with loans maturing in May 2023 and February 2024. During the year ended December 31, 2021, proceeds from additional funding received was $577,378 (December 31, 2020 - $495,944)
 
 
 
3
 
Note 30(b) includes the reconciliation of movements of liabilities to cash flows arising from financing activities.