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OTHER INCOME
 9 Months Ended
Sep. 30, 2020
OTHER (EXPENSE) INCOME  
OTHER (EXPENSE) INCOME

NOTE 5 OTHER INCOME

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

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Three months ended September 30,

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Nine months ended September 30,

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2020

    

2019

    

2020

    

2019

COVID Relief

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$

2,628

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$

—

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$

5,319

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$

—

Unrealized and realized (loss) gain on investments (note 6)

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—

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3,220

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(619)

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4,972

Foreign currency (loss) gain

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(132)

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1,616

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1,736

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1,242

Other (expense) income, net

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(406)

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(63)

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(365)

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69

Total other income

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$

2,090

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$

4,773

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$

6,071

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$

6,283

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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 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 income from the PPP program is recognized on a systematic basis as eligible forgivable expenditures are incurred. As at September 30, 2020, the full amount has been recognized as other income. The Company also secured $3.4 million of government relief in Canada through the Canadian Emergency Wage Subsidy program all of which has been recognized in other income.