XML 60 R37.htm IDEA: XBRL DOCUMENT v3.22.2.2
Other Income / Expense
 9 Months Ended
Sep. 30, 2022
Text Block [Abstract]  
Other Income / Expense
NOTE 17 - OTHER INCOME / EXPENSE
a) Finance Costs
 
    
Three months ended September 30,
     
Nine months ended September 30,
  
    
2022
     
2021
     
2022
    
2021
  
Interest on loans and borrowings
   
$
786,061
     
$
247,525
     
$
1,917,618
    
$
781,033
  
Interest on convertible debentures
     
609,756
       
1,320,886
       
3,064,106
      
4,426,119
  
Interest on lease liabilities
     
108,031
       
70,899
       
309,448
      
225,753
  
Transaction costs expensed
     
115,856
       
76,324
       
364,501
      
530,898
  
Other finance
costs (income)
     
(18,566
) 
     
(3,199
) 
     
34,095
      
(68,855
) 
    
 
 
     
 
 
     
 
 
    
 
 
  
Total finance costs
   
$
1,601,138
 
   
$
1,712,435
 
   
$
5,689,768
 
  
$
5,894,948
 
    
 
 
     
 
 
     
 
 
    
 
 
  
 
b) Fair value (gain) loss on derivatives
 
    
Three months ended September 30,
     
Nine months ended September 30,
  
    
2022
     
2021
     
2022
    
2021
  
Gain on warrant liability remeasurement
1
    $ (2,359,935 )     $ (280,177 )     $ (7,359,015 )    $ (280,177 ) 
Gain on embedded derivatives
2
      (4,122 )       372,115        (36,641 )      (791,944 ) 
Loss on substantial modification and conversion
      —          8,571,881        —         8,571,881  
Deferred charge loss
2
      —          —          —         1,615,102  
    
 
 
     
 
 
     
 
 
    
 
 
  
Total fair value (gain) loss on derivatives
   
$
(2,364,057
) 
   
$
8,663,819
 
   
$
(7,395,656
) 
  
$
9,114,862
 
    
 
 
     
 
 
     
 
 
    
 
 
  
 
1
Unrealized change in fair value (Note 12).
2
Associated with the 2021 Debentures. Transactions detailed in the 2021 Annual Financial Statements.
c) Other income
 
    
Three months ended September 30,
     
Nine months ended September 30,
  
    
2022
     
2021
     
2022
    
2021
  
Government assistance
1
   
$
—  
     
$
(1,612,053
) 
   
$
(637,942
) 
  
$
(3,729,796
) 
Government loan forgiveness
     
—  
       
(787,699
) 
     
—  
      
(1,086,781
) 
Derecognition of contingent consideration
     
(368,806
) 
     
(1,973
) 
     
(368,806
) 
    
(574,235
) 
Fair
value adjustment to royalty receivable
2
     
(3,394,455
) 
     
—  
       
(3,394,455
) 
    
—  
  
Loss
on deconsolidation of subsidiary
2
     
210,488
       
—  
       
210,488
      
—  
  
Other
     
(117,537
) 
     
(4,809
) 
     
(141,887
) 
    
(81,030
) 
    
 
 
     
 
 
     
 
 
    
 
 
  
Total other income
   
$
(3,670,310
) 
   
$
(2,406,534
) 
   
$
(4,332,602
) 
  
$
(5,471,842
) 
    
 
 
     
 
 
     
 
 
    
 
 
  
 
1
Majority of government assistance are grants from the Canadian Government for wage and rental subsidies.
2
 
See Note 15.