OTHER INCOME

6 Months Ended

Jun. 30, 2020

OTHER (EXPENSE) INCOME

OTHER (EXPENSE) INCOME

NOTE 5 OTHER INCOME

The following is a summary of other income for the three and six months ended June 30, 2020 and 2019:

	Three months ended June 30,				Six months ended June 30,
	2020		2019		2020		2019
COVID Relief	$	2,691	$	—	$	2,691	$	—
Unrealized and realized (loss) gain on investments (note 5)		279		925		(619)		1,752
Foreign currency gain (loss)		60		(537)		1,868		(374)
Other income, net		14		75		41		132
Total other income	$	3,044	$	463	$	3,981	$	1,510

In response to COVID-19, the United States and Canadian governments enacted significant relief measures to support businesses directly and adversely impacted by the pandemic. During Q2 2020, the Company secured $1.9 million of relief from the US government under the paychecks protection (“PPP”) program. The funds are fully forgivable so long as sufficient eligible expenditures are incurred in a 24 week period. The Company expects to comply with the forgiveness criteria. The income from the PPP program is recognized on a systematic basis as eligible forgivable expenditures are incurred. As at June 30, 2020, $1.2 million has been recognized as other income. The Company also secured $1.5 million of government relief in Canada through the Canadian Emergency Wage Subsidy program all of which has been recognized in other income.