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LIQUIDITY RISK
 12 Months Ended
Dec. 31, 2022
LIQUIDITY RISK  
LIQUIDITY RISK

NOTE 27 - LIQUIDITY RISK

 

Liquidity risk is the risk that the Corporation will not be able to meet its financial obligations as they fall due. The Corporation manages liquidity risk through the management of its capital structure, as outlined in Capital Disclosures above. The Corporation does not have an operating credit facility and has historically financed its activities primarily through an equity financing with various investment companies and the issuance of convertible notes.

 

The following are the contractual maturities of financial liabilities:

 

In Thousands of US Dollars

Description

 

Carrying Amount

 

 

Less than

1 year

 

 

1 year to

5 years

 

Accounts payable and accrued liabilities

 

 

 

 

 

 

 

 

 

December 31, 2022

 

$2,107

 

 

$2,107

 

 

$-

 

December 31, 2021

 

$1,949

 

 

$1,786

 

 

$163