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.