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

Income Taxes (Tables)

v3.22.2.2
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Income Tax Text Block Abstract  
Schedule of income taxes at statutory rates
    2021     2020     2019  
    ($)     ($)     ($)  
Loss for the year     (17,847,892 )     (6,911,040 )     (7,256,326 )
                         
Expected income tax (recovery)     (4,819,000 )     (1,866,000 )     (1,959,000 )
Change in statutory, foreign tax, foreign exchange rates and other     294,000       275,000       398,000  
Permanent differences     1,107,000       403,000       260,000  
Share issue costs     432,000      
-
      (116,000 )
Adjustment to prior years provision versus statutory tax returns     -       (35,000 )     3,133,000  
Change in unrecognized deductible temporary differences     2,986,000       1,223,000       (1,716,000 )
Income tax expense    
-
     
-
     
-
 

 

Schedule of deferred income taxes
    2021     2020     2019  
    ($)     ($)     ($)  
Non-capital losses carry-forward     11,751,000       7,841,000       6,824,000  
Exploration and evaluation assets     1,470,000       1,470,000       1,477,000  
Share issuance costs     735,000       109,000       154,000  
Debt with accretion     (70,000 )     (70,000 )     (98,000 )
Intangible assets     179,000       1,336,000       1,236,000  
Other deferreds     37,000       -       -  
Allowable capital losses     3,801,000       3,592,000       3,579,000  
Property and equipment     35,000       64,000       59,000  
      17,938,000       14,342,000       13,231,000  
Unrecognized deferred tax assets     (17,938,000 )     (14,342,000 )     (13,231,000 )

 

Schedule of deferred income taxes unused tax credits and unused tax losses
Temporary Differences   2021     Expiry Date Range   2020     Expiry Date Range
    ($)         ($)      
Non-capital losses available for future periods - US     29,390,000     2036 to indefinite     14,880,000     2036 to indefinite
Non-capital losses available for future periods - Canada     20,664,000      2026 to 2040     17,215,000     2026 to 2039
Allowable capital losses     14,077,000      No expiry date     13,304,000     No expiry date
Property and equipment     128,000      No expiry date     273,000     No expiry date
Intangible asset     853,000      No expiry date     6,364,000     No expiry date
Exploration and evaluation assets     5,446,000      No expiry date     5,446,000     No expiry date
Share issuance costs     2,724,000      2040 to 2044     401,000     2040 to 2043