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TRADE AND AMOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2021

TRADE AND AMOUNTS RECEIVABLE

Trade And Amounts Receivable

5. TRADE AND AMOUNTS RECEIVABLE

The Company’s trade and amounts receivable are recorded at amortized cost. The trade and other receivables balance as at December 31, 2021 and December 31, 2020 consists of trade accounts receivable, amounts recoverable from the Government of Canada for Harmonized Sales Taxes (“HST”) and other receivables.

		December 31, 2021				December 31, 2020
Thousands of United States dollars
Trade accounts receivable		$	5,565			$	254
Allowance for expected credit losses			(1,252	)			-
HST receivable			259				459
Other receivables			752				209
Total		$	5,324			$	922

Changes in the trade accounts receivable allowance in the year ended December 31, 2021 relate to establishing an allowance for expected credit losses. There were no write-offs of trade receivables during the year. The Company has no amounts written-off that are still subject to collection enforcement activity as at December 31, 2021. There was an additional $0.1 million of expected credit losses recorded in other receivables as at December 31, 2021. The Company’s aging of trade accounts receivable is as follows:

		December 31, 2021
Thousands of United States dollars
Current		$	3,880
1-30 Days			544
31-60 Days			137
61-90 Days			478
91-180 Days			461
180+ Days			65
Total trade receivables		$	5,565