Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Text Block [Abstract]

Summary of amounts recognized in net loss

	Year Ended December 31,
	2021			2020			2019
Current tax expense
Current year		157,303			(295,709	)		181,895
Changes in estimates related to prior years		–			–			–
		157,303			(295,709)			181,895
Deferred tax expense (recovery)
Origination and reversal of temporary differences		(13,161,689	)		(10,744,803	)		(6,261,674	)
Change in unrecognized deferred income tax assets		11,339,580			10,076,594			3,569,361
		(1,822,109)			(668,209)			(2,692,313)
Tax expense (recovery)	$	(1,664,806)		$	(963,918)		$	(2,510,418)

Summary of reconciliation of effective tax rate

	Year Ended December 31,
	2021			2020			2019
Loss before taxes	$	(46,364,119)		$	(35,824,882)		$	(30,405,252)
Statutory income tax rate 1		27	%		27	%		27	%
Income tax recovery at statutory rate		(12,518,312)			(9,672,718)			(8,209,418)
Increase (decrease) in taxes resulting from:
Change in deferred tax assets not recognized		11,339,580			10,076,594			3,569,361
Foreign tax rate and other foreign tax differences		(2,089,761)			(2,293,503)			(1,015,536)
Change in enacted rates		608,064			(58,050)			–
Share issuance costs and other		(828,082)			126,247			49,210
Non-deductible transaction costs		38,776			424,828			2,664,789
Other non-deductible items		1,784,929			432,684			431,176
Tax expense (recovery)	$	(1,664,806)		$	(963,918)		$	(2,510,418)

1  Comprised of the Canadian Federal effective corporate tax rate of 15.0% and blended provincial tax rates.

Summary of significant components of the company's deferred income tax asset (liabilities)

The significant components of the Company’s deferred income tax asset (liabilities) are as follows:

	At December 31, 2020		Recovery/ (expense) through earnings		Recovery/ (expense) through equity		Recovery/ (expense) through OCI		At December 31, 2021
Property and equipment	$	261,661	$	(195,977)	$	–	$	2,575	$	68,259
Intangible assets		(5,012,355)		1,415,370		–		73,801		(3,523,184)
Loans and accrued liabilities		(1,714,850)		1,471,654		–		(1,816)		(245,012)
Share issuance costs		27,453		25,467		–		–		52,920
Foreign exchange		–		(6,765)		–		24		(6,741)
Non-capital losses/net operating losses		2,269,186		(887,640)		–		(18,845)		1,362,701
Total	$	(4,168,905)	$	1,822,109	$	–	$	55,739	$	(2,291,057)

	At December 31, 2019		Acquired in business combinations		Recovery/ (expense) through earnings		Recovery/ (expense) through equity		Recovery/ (expense) through OCI		At December 31, 2020
Property and equipment	$	–	$	(376)	$	263,436	$	–	$	(1,399)	$	261,661
Intangible assets		(5,321,008)		(1,136,429)		1,280,692		–		164,390		(5,012,355)
Loans and accrued liabilities		(1,696,435)		–		(41,233)		24,000		(1,182)		(1,714,850)
Share issuance costs		–		–		27,453		–		–		27,453
Foreign exchange		(39,533)		–		39,533		–		–		0
Non-capital losses/net operating losses		3,202,361		–		(901,672)		–		(31,503)		2,269,186
Total	$	(3,854,615)	$	(1,136,805)	$	668,209	$	24,000	$	130,306	$	(4,168,905)

Summary of deferred tax assets not recognized and tax losses carried forward

	Year Ended December 31,
	2021		2020
Net operating losses - United States	$	77,415,498	$	55,395,751
Non-capital losses - Canada		68,018,286		45,619,846
Foreign tax losses		157,602		865,599
Investment tax credits and research and development expenditures		6,603,163		6,603,287
Property and equipment		948,765		753,467
Share issuance costs		6,510,677		1,282,965
Other		2,046,890		1,922,194
	$	161,700,881	$	112,443,109