Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Statement [LineItems]  
Estimated Useful Life of Assets

The Company records amortization using the straight-line method over the estimated useful lives of the capital assets as follow:


a)  Computer Equipment


3 years

b)  Furniture and Fixtures


3 – 5 years

c)  Leasehold Improvements


Term of the lease

Summary of Original Classification of Company's Financial Assets and Financial Liabilities

The following table shows the original classification under IAS 39 and the new classification under IFRS 9 for each of the Company’s financial assets and financial liabilities at January 1, 2018, (there is no change to the carrying amounts of the financial instruments from this change).


Financial Instrument


IAS 39 Classification



Financial Asset


Cash and cash equivalents


Loans and receivables


Amortized cost

Amounts receivable


Loans and receivables


Amortized cost

Financial Liabilities


Accounts payable and accrued liabilities


Other financial liabilities


Amortized Cost