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Lease Liability
12 Months Ended
Dec. 31, 2020
Lease liabilities [abstract]  
Lease Liability

As part of the Eastmain acquisition, the Company acquired a right-of-use asset for a 5-year lease of office space that commenced on April 1, 2019. At the date of the acquisition, the right-of-use asset and corresponding lease liability were measured at fair value as part of the purchase price allocation (note 4ii).

 

The right-of-use asset is recorded in property and equipment (note 7), and the corresponding lease liability was as follows:

 

   

At December 31

 2020

 
Balance, beginning of year   $ -  
Additions, upon acquisition of Eastmain (note 4ii)     259  
Interest expense     14  
Lease payments     (25 )
Balance, end of the year   $ 248  
         
Classified as:        
Current   $ 55  
Non-current     193  
    $ 248  

 

   

Under

1 year

   

Between

1 – 2 years

   

Between

3 – 5 years

     Total  
Remaining lease payments $     55     $ 70     $ 123     $ 248