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COMMITMENTS
 9 Months Ended
Sep. 30, 2021
Note 17 - COMMITMENTS

17. 

COMMITMENTS

  

The Company has a cost sharing agreement to reimburse Oniva for a percentage of its overhead expenses, to reimburse 100% of its out-of-pocket expenses incurred on behalf of the Company, and to pay a percentage fee based on Oniva’s total overhead and corporate expenses. The agreement may be terminated with one-month notice by either party. Transactions and balances with Oniva are disclosed in Note 10.

 

The Company and its subsidiaries have various operating lease agreements for their office premises, use of land, and equipment. Commitments in respect of these lease agreements are as follows:

 

 

 

September 30,

2021

 

 

December 31,

2020

 

Not later than one year

 

$64

 

 

$20

 

Later than one year and not later than five years

 

 

83

 

 

 

14

 

Later than five years

 

 

156

 

 

 

3

 

 

 

$303

 

 

$37

 

 

Office lease payments recognized as an expense during the nine months ended September 30, 2021, totalled $11 (September 30, 2020 - $10).