| PROPERTY AND EQUIPMENT |
7. PROPERTY AND EQUIPMENT
|
|
|
Computers
|
|
Right of Use
Asset
|
|
Total
|
| |
|
($)
|
|
($)
|
|
($)
|
|
Cost
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
181,390 |
|
|
749,202 |
|
930,592 |
|
|
Additions
|
|
65,329 |
|
|
—
|
|
65,329 |
|
|
At December 31, 2022
|
|
246,719 |
|
|
749,202 |
|
995,921 |
|
|
Additions
|
|
—
|
|
|
—
|
|
—
|
|
|
Disposals
|
|
(192,361 |
)
|
|
—
|
|
(192,361 |
)
|
|
At September 30, 2023
|
|
54,358 |
|
|
749,202 |
|
803,560 |
|
| |
|
|
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
113,079 |
|
|
523,579 |
|
636,658 |
|
|
Amortization for the period
|
|
39,667 |
|
|
225,623 |
|
265,290 |
|
|
At December 31, 2022
|
|
152,746 |
|
|
749,202 |
|
901,948 |
|
|
Amortization for the period
|
|
22,344 |
|
|
—
|
|
22,344 |
|
|
Disposals
|
|
(135,692 |
)
|
|
—
|
|
(135,692 |
)
|
|
At September 30, 2023
|
|
39,398 |
|
|
749,202 |
|
788,600 |
|
| |
|
|
|
|
|
|
|
|
|
Carrying amounts
|
|
|
|
|
|
|
|
|
|
At December 31, 2021
|
|
68,311 |
|
|
225,623 |
|
293,934 |
|
|
At December 31, 2022
|
|
93,973 |
|
|
—
|
|
93,373 |
|
|
At September 30, 2023
|
|
14,960 |
|
|
—
|
|
14,960 |
|
On April 30, 2023, the Company vacated its leased office space in Los Angeles, CA in accordance with the termination of the lease. Upon vacating the office space, the Company sold or disposed of excess office furniture and equipment, including a majority of the Company’s computers that are no longer needed by the current workforce.
As of September 30, 2023, the Company operates using a fully remote workforce and does not have any long-term lease agreements for office space or other long-term assets. As such, the remaining right-of-use asset balance is $0.
|
7. PROPERTY AND EQUIPMENT
|
|
|
Computers
|
|
Right of
Use Asset
|
|
Total
|
| |
|
($)
|
|
($)
|
|
($)
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2020
|
|
88,329 |
|
|
772,755 |
|
|
861,084 |
|
|
Additions
|
|
108,974 |
|
|
—
|
|
|
108,974 |
|
|
Foreign currency adjustment
|
|
(15,913 |
)
|
|
(23,553 |
)
|
|
(39,466 |
)
|
|
At December 31, 2021
|
|
181,390 |
|
|
749,202 |
|
|
930,592 |
|
|
Additions
|
|
65,329 |
|
|
—
|
|
|
65,329 |
|
|
At December 31, 2022
|
|
246,719 |
|
|
749,202 |
|
|
995,921 |
|
| |
|
|
|
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2020
|
|
82,286 |
|
|
337,695 |
|
|
419,981 |
|
|
Amortization for the year
|
|
30,793 |
|
|
185,884 |
|
|
216,677 |
|
|
At December 31, 2021
|
|
113,079 |
|
|
523,579 |
|
|
636,658 |
|
|
Amortization for the period
|
|
39,667 |
|
|
225,623 |
|
|
265,290 |
|
|
At December 31, 2022
|
|
152,746 |
|
|
749,202 |
|
|
901,948 |
|
| |
|
|
|
|
|
|
|
|
|
|
Carrying amounts
|
|
|
|
|
|
|
|
|
|
|
At December 31, 2020
|
|
6,043 |
|
|
435,060 |
|
|
441,103 |
|
|
At December 31, 2021
|
|
68,311 |
|
|
225,623 |
|
|
293,934 |
|
|
At December 31, 2022
|
|
93,973 |
|
|
0 |
|
|
93,373 |
|
|