| PATENT RIGHTS |
|
For the year ended December 31, 2020
|
|
Cost
|
|
|
Accumulated
Amortization
|
|
|
Net Book
Value
|
|
|
Balance at December 31, 2019
|
|
$
|
1,856,750
|
|
|
$
|
(255,005
|
)
|
|
$
|
1,601,745
|
|
|
Impairment losses
|
|
|
(45,981
|
)
|
|
|
-
|
|
|
|
(45,981
|
)
|
|
Additions during the year
|
|
|
318,958
|
|
|
|
-
|
|
|
|
318,958
|
|
|
Amortization in the year
|
|
|
-
|
|
|
|
(96,744
|
)
|
|
|
(96,744
|
)
|
|
Balance at December 31, 2020
|
|
$
|
2,129,727
|
|
|
$
|
(351,749
|
)
|
|
$
|
1,777,978
|
|
|
For the year ended December 31, 2019
|
|
Cost
|
|
|
Accumulated
Amortization
|
|
|
Net Book
Value
|
|
|
Balance at December 31, 2018
|
|
$
|
1,398,713
|
|
|
$
|
(226,228
|
)
|
|
$
|
1,172,485
|
|
|
Impairment losses
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
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
|
|
For the year ended December 31, 2020, the Company recorded impairment charges of $45,981 on certain older patent applications which have been abandoned.
|