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Right-of-use assets | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2022
Disclosure Of Right Of Use Assets [Abstract] |  |
Right-of-use assets [Text Block] | 8. Right-of-use assets The following table presents right-of-use assets for KWESST:
|  | Offices |  |  | Printer |  |  | Total |
Balance at December 31, 2018 | $ | 254,159 |  | $ | 13,120 |  | $ | 267,279 |
Depreciation |  | (76,248 | ) |  | (6,559 | ) |  | (82,807 | )
Balance at December 31, 2019 | $ | 177,911 |  | $ | 6,561 |  | $ | 184,472 |
Additions |  | 571,604 |  |  | - |  |  | 571,604 |
Termination |  | (139,787 | ) |  | - |  |  | (139,787 | )
Depreciation |  | (92,567 | ) |  | (3,282 | ) |  | (95,849 | )
Balance at September 30, 2020 (as previously reported) |  | 517,161 |  |  | 3,279 |  |  | 520,440 |
Correction of an error |  | (192,864 | ) |  | - |  |  | (192,864 | )
Balance at September 30, 2020 (as adjusted) | $ | 324,297 |  | $ | 3,279 |  | $ | 327,576 |
During the nine months ended September 30, 2020, KWESST terminated an office lease agreement due to breach of contract by the former landlord and de-recognized the related right-of-use asset and lease obligations (see Note 12). As a result, KWESST entered into a new office lease agreement with a 74-month lease term starting from March 1, 2020. In connection with this new lease, KWESST made a total deposit of $33,726 to be released only at the end of this lease. This deposit was initially recorded at fair value, discounted using the implied interest rate in the lease. At September 30, 2020, $19,341 was the carrying value and reported as non-current deposit in the consolidated statements of financial position. Subsequently, during the year ended September 30, 2021, management made an adjustment for a correction in the application of IFRS 16, Leases, to the new office lease entered in the prior year, whereby future variable payments were erroneously included in the calculation of the lease obligations. The following summarizes the effects of this correction to the prior year's comparatives. Consolidated statements of financial position as at September 30, 2020:
|  | Previously Reported |  |  | Adjustment |  |  | Adjusted |
Trade and other receivables | $ | 479,291 |  | $ | 1,626 |  | $ | 480,917 |
Right-of-assets | $ | 520,440 |  | $ | (192,864 | ) | $ | 327,576 |
Deposit (non-current) | $ | 22,337 |  | $ | (2,996 | ) | $ | 19,341 |
Total assets | $ | 5,507,011 |  | $ | (194,234 | ) | $ | 5,312,777 |
Lease obligations (current) | $ | 78,358 |  | $ | (34,230 | ) | $ | 44,128 |
Lease obligations (non-current) | $ | 496,394 |  | $ | (188,485 | ) | $ | 307,909 |
Total liabilities | $ | 1,650,628 |  | $ | (222,715 | ) | $ | 1,427,913 |
Deficit | $ | (6,102,058 | ) | $ | 28,481 |  | $ | (6,073,577 | )
Consolidated statements of changes in shareholders' equity (deficit) for the nine months ended September 30, 2020:
|  | Previously Reported |  |  | Adjustment |  |  | Adjusted |
Deficit | $ | (6,102,058 | ) | $ | 28,481 |  | $ | (6,073,577 | )
Total shareholders' equity (deficit) | $ | 3,856,383 |  | $ | 28,481 |  | $ | 3,884,864 |
| 8. Right-of-use assets The following table presents our right-of-use assets:
|  | Offices |  |  | Printer |  |  | Total |
Balance at September 30, 2020 |  | 324,297 |  |  | 3,279 |  |  | 327,576 |
Depreciation |  | (58,083 | ) |  | (3,279 | ) |  | (61,362 | )
Balance at September 30, 2021 | $ | 266,214 |  | $ | - |  | $ | 266,214 |
Depreciation |  | (58,083 | ) |  | - |  |  | (58,083 | )
Balance at September 30, 2022 | $ | 208,131 |  | $ | - |  | $ | 208,131 |
In connection with our current lease, we made a total deposit of $33,726 to be released only at the end of this lease. This was initially recorded at fair value, discounted using the implied interest rate in the lease. At September 30, 2022, $23,604 (2021 - $21,367) was the carrying value and reported as non-current deposit in the consolidated statements of financial position.

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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2022-03-24 -Paragraph 53 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2022-en-r&anchor=para_53&doctype=Standard -URIDate 2022-03-24 + Details
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