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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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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.

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