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Intangible assets

12 Months Ended

Dec. 31, 2019

Changes in intangible assets other than goodwill [abstract]

Intangible assets

12. Intangible asset

Intangible asset as at December 31, 2019 is as follows:

		$
Cost
Balance, December 31, 2018		—
Acquisition of Prismic Pharmaceuticals Inc.		24,648,915
Additions		389,640
Effects of foreign exchange		(186,463	)
Balance, December 31, 2019		24,852,092
Accumulated amortization
Balance, December 31, 2018		—
Amortization		2,534,047
Effects of foreign exchange		(40,887	)
Balance, December 31, 2019		2,493,160
Carrying value
Balance, December 31, 2018		—
Balance, December 31, 2019		22,358,932

The Company acquired intellectual property as part of the acquisition of Prismic on June 28, 2019. Refer to Note 5 for additional details. The life of the intellectual property has been determined to be 5 years. Amortization of the intellectual property commenced on the date of acquisition.

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- Definition

The entire disclosure for intangible assets.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 38
-IssueDate 2019-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI
-URIDate 2019-03-27

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