Annual report pursuant to Section 13 and 15(d)

Deferred Purchase Consideration (Tables)

v3.21.1
Deferred Purchase Consideration (Tables)
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Deferred Purchase Consideration

Description  

December 31,

2020

 

December 31,

2019

Principal Outstanding        
Promissory note due to non-related parties   $ 1,802,384     $ 2,745,811  
Additional earnout earned     —         336,810  
Settled by the issuance of common shares     (724,467 )     (616,387 )
Repayment in cash     (1,105,455 )     (607,555 )
Foreign exchange movements     52,972       (56,295 )
      25,434       1,802,384  
Present value discount on future payments                
Present value discount     (120,104 )     (242,089 )
Amortization     114,333       117,192  
Foreign exchange movements     (1,990 )     4,793  
      (7,761 )     (120,104 )
Deferred purchase consideration, net   $ 17,673     $ 1,682,280