XML 55 R11.htm IDEA: XBRL DOCUMENT
v3.22.1

CASH AND CASH EQUIVALENTS | 12 Months Ended
--- | ---
Dec. 31, 2021
CASH AND CASH EQUIVALENTS | 6. CASH AND CASH EQUIVALENTS SCHEDULE OF CASH AND CASH EQUIVALENTS
|  | December 31, 2021 |  |  | December 31, 2020 |
Cash held in banks |  | $ | 22,729,212 |  |  | $ | 1,839,871 |
Guaranteed investment certificates |  |  | 346,501 |  |  |  | 142,545 |
Cash and Cash Equivalents |  | $ | 23,075,713 |  |  | $ | 1,982,416 |
On March 27, 2020, the Company purchased a $142,000 guaranteed investment certificate (“GIC”) to secure its credit cards. The terms of the GIC are for 1 year at a rate of 0.50% per annum. On March 27, 2021 the company renewed the GIC for $142,710 for 1 year at a rate of 0.10% per annum. On May 28, 2021, the Company purchased an additional $140,000 GIC to further secure its credit cards. The terms of the GIC are for 1 year at a rate of 0.35% per annum. On December 21, 2021, the Company purchased an additional $50,000 USD GIC to further secure its credit cards. The terms of the GIC are for 1 year at 0.05% per annum. All GIC’s must be maintained and renewed upon maturity until such time as the associated credit cards are cancelled.

X
- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration