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Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Intangible Assets [Abstract] |
Intangible Assets | 11. Intangible Assets
Cost: |  | Software |  | Licences |  | Total
Balance, December 31, 2021 |  | $ | — |  | $ | 389,456 |  |  | $ | 389,456 |
Acquisitions (note 4) |  |  | 17,548 |  |  | 24,648,224 |  |  |  | 24,665,772 |
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd. |  |  | — |  |  | (350,670 | ) |  |  | (350,670 | )
Movement in exchange rates |  |  | 633 |  |  | (23,521 | ) |  |  | (22,888 | )
Balance, December 31, 2022 |  |  | 18,181 |  |  | 24,663,489 |  |  |  | 24,681,670 |
Movement in exchange rates |  |  | 1,373 |  |  | 809 |  |  |  | 2,182 |
Balance, December 31, 2023 |  | $ | 19,554 |  | $ | 24,664,298 |  |  | $ | 24,683,852 |
Accumulated amortization: |  | Software |  | Licences |  | Total
Balance, December 31, 2021 |  | $ | — |  | $ | 130,354 |  |  | $ | 130,354 |
Amortization |  |  | 7,550 |  |  | 2,464,822 |  |  |  | 2,472,372 |
Impact of loss of control of Bophelo Bio Science & Wellness (Pty) Ltd. |  |  | — |  |  | (140,268 | ) |  |  | (140,268 | )
Movement in exchange rates |  |  | 704 |  |  | 9,914 |  |  |  | 10,618 |
Balance, December 31, 2022 |  |  | 8,254 |  |  | 2,464,822 |  |  |  | 2,473,076 |
Amortization |  |  | 7,525 |  |  | 2,464,823 |  |  |  | 2,472,348 |
Movement in exchange rates |  |  | 1,213 |  |  | — |  |  |  | 1,213 |
Balance, December 31, 2023 |  | $ | 16,992 |  | $ | 4,929,645 |  |  | $ | 4,946,637 |
Impairment: |  | Software |  | Licences |  | Total
Balance, December 31, 2022 and 2021 |  | $ | — |  | $ | — |  | $ | —
Impairment |  |  | 2,070 |  |  | 15,935,463 |  |  | 15,937,533
Balance, December 31, 2023 |  | $ | 2,070 |  | $ | 15,935,463 |  | $ | 15,937,533
Net book value |  | Software |  | Licences |  | Total
Balance, December 31, 2022 |  | $ | 9,927 |  | $ | 22,198,667 |  | $ | 22,208,594
Balance, December 31, 2023 |  | $ | 492 |  | $ | 3,799,190 |  | $ | 3,799,682
The Company’s intangible assets consists of computer software program with a carrying value of $492 (2022 — $9,927), and licenses consisting of a cannabis distribution license with a carrying value of $16,073 at December 31, 2023 (2022 — $15,264) and a cannabis API manufacturing and GMP license with a carrying value of $3,783,117 (2022 — $22,183,403). During the year ended December 31, 2022, the Company derecognized a cannabis operator’s license with a net book value of $210,402 in connection with the loss of control of Bophelo Bio Science and Wellness (Pty) Ltd. (note 4). The Company considered indicators of impairment at December 31, 2023 and 2022. Pursuant to the Company’s upcoming sale of RPK (note 23), its Portuguese subsidiary, the Company impaired a portion of its intangible assets and recognized an impairment loss of $15,937,533 in the consolidated statements of loss and comprehensive loss during the year ended December 31, 2023. At December 31, 2023, the remaining useful life of the Company’s finite life intangible assets is approximately 1.5 years. The Company’s cannabis distribution license has been classified as an indefinite-life intangible asset as the Company expects to maintain this asset and the end point of the useful life of such asset cannot be determined. The Company evaluates the assumption of the indefinite life of the cannabis distribution license at least annually.

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