Summary of Patent Rights |
For the nine months ended September 30, 2020
|
|
Cost
|
|
|
Accumulated Amortization & Impairment Losses
|
|
|
Net Book
Value
|
|
Balance at December 31, 2019
|
|
$
|
1,856,750
|
|
|
$
|
(255,005
|
)
|
|
$
|
1,601,745
|
|
Additions during the period
|
|
|
175,852
|
|
|
|
-
|
|
|
|
175,852
|
|
Amortization in the period
|
|
|
-
|
|
|
|
(25,230
|
)
|
|
|
(25,230
|
)
|
Balance at September 30, 2020
|
|
$
|
2,032,602
|
|
|
$
|
(280,235
|
)
|
|
$
|
1,752,367
|
|
For the year ended December 31, 2019
|
|
Cost
|
|
|
Accumulated Amortization & Impairment Losses
|
|
|
Net Book
Value
|
|
Balance at December 31, 2018
|
|
$
|
1,398,713
|
|
|
$
|
(226,228
|
)
|
|
$
|
1,172,485
|
|
Additions during the year
|
|
|
458,037
|
|
|
|
-
|
|
|
|
458,037
|
|
Amortization in the year
|
|
|
-
|
|
|
|
(28,777
|
)
|
|
|
(28,777
|
)
|
Balance at December 31, 2019
|
|
$
|
1,856,750
|
|
|
$
|
(255,005
|
)
|
|
$
|
1,601,745
|
|
|