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OTHER INCOME

12 Months Ended

Dec. 31, 2020

OTHER INCOME

OTHER INCOME

NOTE 5 OTHER INCOME

The following is a summary of other income (expense) for the years ended December 31, 2020, 2019, and 2018:

​	​	​	​	​	​	​	​	​
​	Year ended December 31,
​	2020			2019		​	2018
COVID-19 Relief	$	6,420	​	$	—	​	$	—
Unrealized and realized (loss) gain on investments (Note 6)	​	(619)	​	​	5,259	​	​	(3,324)
Foreign currency gain	​	1,078	​	​	1,697	​	​	3,922
Other income, net	​	14	​	​	184	​	​	570
Total other income	$	6,893	​	$	7,140	​	$	1,168

​

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 paycheck protection (“PPP”) program. The funds are fully forgivable as 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 December 31, 2020, the full amount has been recognized as other income, as the Company is reasonably assured that it is in compliance with the forgiveness criteria of incurring the eligible expenses for forgiveness within the required time frame.  The Company also secured $4.5 million of government relief in Canada through the Canadian Emergency Wage Subsidy program all of which has been recognized in other income.

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- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(7))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(9))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

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X

- References

No definition available.

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