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

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

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Disclosure of detailed information about property, plant and equipment [abstract]

PROPERTY, PLANT, AND EQUIPMENT

6. PROPERTY, PLANT AND EQUIPMENT

		Machinery		Computer Equipment		Furniture & Fixtures		Leasehold Improvements		Total
		$		$		$		$		$
Cost
As at December 31, 2019		--		--		--		--		--
Additions		153		49		54		24		280
As at December 31, 2020		153		49		54		24		280
Additions		134		173		18		45		370
As at December 31, 2021		287		222		72		69		650
Amortization
As at December 31, 2019		--		--		--		--		--
Depreciation expense		-		13		20		2		35
As at December 31, 2020		--		13		20		2		35
Depreciation expense		72		49		15		15		151
As at December 31, 2021		72		62		35		17		186

Net Book Value
As at December 31, 2020		153		36		34		22		245
As at December 31, 2021		215		160		37		52		464