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INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
SCHEDULE OF INCOME TAX

 

   December 31, 2021   December 31, 2020      December 31, 2019  
Loss before income taxes  $16,202,972   $8,015,813    $ 11,095,507  
Canadian statutory rates        27%     27 %
Expected income tax recovery   4,196,600    2,164,000      2,996,000  
Impact of different foreign statutory tax rates   34,900    -      -  
Non-deductible items   116,400    (687,000)     (2,043,000 )
Share issue costs   887,600    -      -  
Adjustments to prior years provision versus statutory tax returns   376,500    189,000      (388,000 )
Differences between prior year provision and final tax return   (206,000)    (535,000)     (18,000 )
Change in deferred tax asset not recognized   (5,406,000)   (1,131,000)     (547,000 )
Income tax  $-   $-    $ -  
SCHEDULE OF DEFERRED TAXES

The Company’s unrecognized deductible temporary differences and unused tax losses for which no deferred tax asset is recognized consist of the following amounts:

 

  December 31, 2021   December 31, 2020      December 31, 2019  
Deferred income tax assets (liabilities):                  
Share issuance costs  $728,000   $30,000    $ -  
Non-capital losses   7,043,000    3,656,000      2,439,000  
Property and equipment   449,000    457,000      581,000  
Capital gain reserve   74,000    -      -  
Scientific Research and Experimental Development   291,000    57,000     

49,000

  
Total deferred income tax assets  $8,585,000   $4,200,000    $ 3,069,000  
Deferred income tax not recognized   (8,585,000)   (4,200,000)     (3,069,000 )
Net deferred tax assets  $-   $-    $ -