Trade and other receivables

9 Months Ended

12 Months Ended

Sep. 30, 2020

Sep. 30, 2022

5. Trade and other receivables

The following table presents trade and other receivables for KWESST:

		September 30, 2020		December 31, 2019
Trade receivables	$	210,795	$	1,191
Sales tax recoverable		142,797		55,684
Investment tax credits refundable		127,325		162,928
Total	$	480,917	$	219,803

There was no impairment of trade and other receivables during the nine months ended September 30, 2020 (2019 - $nil).

5. Trade and other receivables

The following table presents a breakdown of our trade and other receivables:

		September 30,		September 30,
		2022		2021
Trade receivables	$	114,877	$	-
Unbilled revenue		8,881		308,728
Sales tax recoverable		48,124		183,761
Investment tax credits refundable		-		206,762
Total	$	171,882	$	699,251

There was no impairment of trade and other receivables during the year ended September 30, 2022 (2021 - $nil).

The following table presents changes in unbilled receivables:

		September 30,			September 30,
		2022			2021
Balance, beginning of year	$	308,728		$	-
Revenue billed during the year		(308,728	)
Revenue in excess of billings, net of amounts transferred to trade accounts receivable		8,881			308,728
Amounts written off		-			-

Balance, end of year	$	8,881		$	308,728
Current	$	8,881		$	308,728
Non-current	$	-		$	-