RECEIVABLES, PREPAIDS AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2024

RECEIVABLES, PREPAIDS AND OTHER CURRENT ASSETS

RECEIVABLES, PREPAIDS AND OTHER CURRENT ASSETS

NOTE 6 RECEIVABLES, PREPAIDS AND OTHER CURRENT ASSETS

Receivables, prepaids and other current assets as at December 31, 2024 and 2023 consist of the following:

	December 31, 2024		December 31, 2023
Government sales tax receivable	$	3,918	$	2,511
Prepaids and other assets		3,568		3,067
Receivables, prepaids and other current assets	$	7,486	$	5,578

As at December 31, 2024, the $3.9 million balance of government sales tax receivable included $2.5 million of HST receivable attributable to the Canadian operations (December 31, 2023 ­­­­­– $1.3 million). The timing of receipt of these funds is uncertain due to ongoing review conducted by local tax authorities.

In Mexico, Argentina, and Canada, sales taxes are assessed on purchases of materials and services and sales of products. Businesses are generally entitled to recover the taxes they have paid related to purchases of materials and services, either as a refund or as a credit against future taxes payable.