INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Effective tax rate

In Thousands of US Dollars
Description	2020			2019			2018
Net loss for the year, before income taxes	$	(11,738	)	$	(13,162	)	$	(10,594	)
Net loss attributable to the Bahamas		(11,012	)		(12,841	)		(10,416	)
Net loss attributable the United States		(725	)		(321	)		(178	)
Domestic tax rate applicable to the Corporation		21	%		21	%		21	%
Income taxes at domestic tax statutory rate		(152	)		(67	)		(37	)
Change in valuation allowance		152			67			37
Deferred tax provision (recovery)	$	-		$	-		$	-

Summary of Unrecognized deferred tax assets

In Thousands of US Dollars
Description	2020		2019		2018
Tax loss carry forward	$	1,386	$	1,402	$	1,558
Patents capitalized and amortized for tax purposes		0		0		4
Unrecognized deferred tax assets	$	1,386	$	1,402	$	1,568

Summary of Net operating loss carryforwards for origination and expiration

In Thousands of US Dollars
Year Originated	Year of Expiration	Amount		Year Originated	Year of Expiration	Amount
2001	2021		664	2011	2031		480
2002	2022		522	2012	2032		177
2003	2023		564	2013	2033		121
2004	2024		353	2014	2034		70
2005	2025		264	2015	2035		127
2006	2026		355	2016	2036		147
2007	2027		.373	2017	2037		140
2008	2028		351	2018	2038		194
2009	2029		86	2019	2039		337
2010	2030		541	2020	2040		732
		Total				$	6,598