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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Income (Loss) before Income Taxes | For financial reporting purposes, income (loss) from continuing operations before income taxes includes the following components:
|  | Year ended December 31,
|  | 2020 |  | 2019 |  | 2018
Rest of World |  | $ | 12,679 |  |  | $ | 1,169,007 |  |  | $ | (20,923) |
United States |  | (85,952) |  |  | (3,070) |  |  | — |
Total |  | $ | (73,273) |  |  | $ | 1,165,937 |  |  | $ | (20,923) |
Schedule of Expense for Income Taxes | Income tax expense consists of the following components:
|  | Year ended December 31,
|  | 2020 |  | 2019 |  | 2018
Current: |  |  |  |  |  |
Rest of World |  | $ | 1,024 |  |  | $ | — |  |  | $ | — |
United States |  | 323 |  |  | — |  |  | — |
Total |  | $ | 1,347 |  |  | $ | — |  |  | $ | — |
Deferred: |  |  |  |  |  |
Rest of world |  | $ | — |  |  | $ | — |  |  | $ | — |
United States |  | — |  |  | — |  |  | — |
Total |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Effective Income Tax Rate Reconciliation | Reconciliation of the expected income tax to the effective tax rate in continuing operations is as follows:
|  | Year ended,
|  | 2020 |  | 2019 |  | 2018
Income (loss) before income taxes |  | $ | (73,273) |  |  | $ | 1,165,937 |  |  | $ | (20,923) |
Effective income tax rate |  | 26.5 | % |  | 26.5 | % |  | 26.5 | %
Expected income tax expense (benefit) |  | $ | (19,417) |  |  | $ | 308,973 |  |  | $ | (5,545) |
Non-taxable income |  | (711) |  |  | (2,156) |  |  | 14 |
Non-deductible share-based compensation |  | 2,498 |  |  | 2,839 |  |  | 2,466 |
Non-deductible expenses |  | 1,364 |  |  | 764 |  |  | — |
Non-deductible transaction costs |  | 3,146 |  |  | 1,523 |  |  | — |
Effect of provincial tax rate difference |  | (15) |  |  | (44) |  |  | (64) |
Effect of tax rates outside of Canada |  | (362) |  |  | 70 |  |  | — |
Fair value gain on financial liabilities |  | (34,250) |  |  | (338,409) |  |  | — |
Changes in valuation allowance |  | 48,227 |  |  | 25,808 |  |  | 3,437 |
Other |  | 867 |  |  | 632 |  |  | (308) |
Income tax expense (recovery), net |  | $ | 1,347 |  |  | $ | — |  |  | $ | — |
Schedule of Deferred Tax Assets and Liabilities | The following table summarizes the significant components of the Company’s deferred tax assets and liabilities as of December 31, 2020 and December 31, 2019:
|  | As of |  |
|  | 2020 |  | 2019 |  |
Deferred assets: |  |  |  |  |  |
Tax loss carryforwards |  | $ | 67,476 |  |  | $ | 30,908 |  |  |
Interest expense carryforwards |  | 1,407 |  |  | — |  |  |
Deferred financing costs |  | 4,233 |  |  | 5,690 |  |  |
Share issuance cost |  | 1,573 |  |  | 2,217 |  |  |
Finance lease obligation |  | 1,953 |  |  | 1,491 |  |  |
Plant and equipment |  | 5,945 |  |  | 871 |  |  |
Investment |  | 307 |  |  | 395 |  |  |
Intangible asset |  | 4,218 |  |  | — |  |  |
Reserve |  | 1,858 |  |  | — |  |  |
Other |  | 570 |  |  | 482 |  |  |
Total deferred tax assets |  | 89,540 |  |  | 42,054 |  |  |
Less valuation allowance |  | (85,935) |  |  | (36,948) |  |  |
Net deferred tax assets |  | 3,605 |  |  | 5,106 |  |  |
Deferred tax liabilities: |  |  |  |  |  |
Inventory |  | — |  |  | (1,227) |  |  |
Plant and equipment |  | — |  |  | — |  |  |
Intangible assets |  | — |  |  | (2,126) |  |  |
Investment |  | — |  |  | — |  |  |
License |  | (1,662) |  |  | (293) |  |  |
Right-of-use assets |  | (1,943) |  |  | (1,460) |  |  |
Total deferred tax liabilities |  | (3,605) |  |  | (5,106) |  |  |
Net deferred tax liability |  | $ | — |  |  | $ | — |  |  |
Summary of Income Tax Examinations |
Jurisdiction |  | Open Years
Canada |  | 2016 – 2020
United States |  | 2018 – 2020
Israel |  | 2019 – 2020
Summary of Valuation Allowance | The following table outlines the movements in the valuation allowance:
| Balance at beginning of year |  | Change due to foreign exchange |  | Increase |  | Balance at end of year
Year ended December 31, 2020 | $ | (36,948) |  |  | $ | (693) |  |  | $ | (48,294) |  |  | $ | (85,935) |
Year ended December 31, 2019 | (7,931) |  |  | (998) |  |  | (28,019) |  |  | (36,948) |

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- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=121610041&loc=d3e36027-109320 + Details
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