XML 37 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

INTANGIBLE ASSETS, NET | 12 Months Ended
--- | ---
Dec. 31, 2024
Intangible Assets Net |
INTANGIBLE ASSETS, NET |
8. | INTANGIBLE ASSETS, NET
SCHEDULE OF INTANGIBLE ASSETS
|  | Development Costs |  |  | E-Wave License |  |  | Clear RF Patent + Supplier relationship |  |  | Total |
Cost: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2022 |  | $ | 16,709,798 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 18,553,692 |
Additions |  |  | 2,271,000 |  |  |  | - |  |  |  | - |  |  |  | 2,271,000 |
Balance at December 31, 2023 |  | $ | 18,980,858 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 20,824,752 |
Cost, balance |  | $ | 18,980,858 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 20,824,752 |
Additions |  |  | 2,004,087 |  |  |  | - |  |  |  | - |  |  |  | 2,004,087 |
Balance at December 31, 2024 |  | $ | 20,984,945 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 22,828,839 |
Cost, balance |  | $ | 20,984,945 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 22,828,839 |
Accumulated Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2022 |  | $ | 9,722,267 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 11,566,161 |
Additions |  |  | 1,401,861 |  |  |  | - |  |  |  | - |  |  |  | 1,401,861 |
Balance at December 31, 2023 |  | $ | 11,124,128 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 12,968,022 |
Accumulated Amortization, balance |  | $ | 11,124,128 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 12,968,022 |
Additions |  |  | 1,295,953 |  |  |  | - |  |  |  | - |  |  |  | 1,295,953 |
Impairment in value |  |  | 279,828 |  |  |  | - |  |  |  | - |  |  |  | 279,828 |
Balance at December 31, 2024 |  | $ | 12,699,909 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 14,543,803 |
Accumulated Amortization, balance |  | $ | 12,699,909 |  |  | $ | 1,321,257 |  |  | $ | 522,637 |  |  | $ | 14,543,803 |
Net Book Value: |  |  | 8,285,036 |  |  |  | - |  |  |  | - |  |  |  | 8,285,036 |
Balance at December 31, 2023 |  | $ | 7,856,730 |  |  | $ | - |  |  | $ | - |  |  | $ | 7,856,730 |
Balance at December 31, 2024 |  | $ | 8,285,036 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,285,036 |
Net Book Value, balance |  | $ | 8,285,036 |  |  | $ | - |  |  | $ | - |  |  | $ | 8,285,036 |
Development Costs Development costs are internally generated and are capitalized in accordance with the IAS 38, Intangible Assets. On an annual basis, the Company assesses capitalized development costs for indicators of impairment or when facts or circumstances suggest the carrying amount may exceed its recoverable amount. The Company engaged a third-party evaluator to determine the recoverable amount of the intangible assets at both December 31, 2024 and at December 31, 2023 based on the replacement cost method for costs related to devices under development and the royalty relief method for the devices for sales. The royalty relief method used an estimated royalty rate of 10.75% in both 2024 and 2023 and WACC of 22% in 2024 (2023-21.0%). Based on the results of their valuation, management determined that on December 31, 2024, one of the intangible assets fair value was $279,828 lower than its net book value as of the valuation date and was therefore impaired by $279,828. At December 31, 2023, management determined that the recoverable amount was equal to, or in excess of the carrying amount, and no impairment was recorded. The Company amortizes the capitalized development costs over a 4 year period from the date of completion of development. During the twelve months ended December 31, 2024 the Company incurred $625,023 (December 31, 2023 -$578,356) in product development costs which did not satisfy the criteria for capitalization and were recorded in profit and loss. Siyata Mobile Inc. Notes to the Consolidated Financial Statements (Expressed in US dollars) As at and for the years ended December 31, 2024 and 2023

X
- References No definition available. + Details
Name: | SYTA_IntangibleAssetsAbstract
Namespace Prefix: | SYTA_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration