LIABILITY FOR RIGHT-OF-USE BUILDING

12 Months Ended

Dec. 31, 2023

Liability For Right-of-use Building

LIABILITY FOR RIGHT-OF-USE BUILDING

NOTE 11 - LIABILITY FOR RIGHT-OF-USE BUILDING

As at December 31, 2022, the Company accrued $922,918 (CAD $1,250,000) for a non-refundable deposit related to the right-of-use building lease which increased the right-of-use asset (Note 5) by $922,918, and also increased accounts payable and accrued liabilities (Note 7) by $922,918.

Supplementary information on the Company’s operating lease liabilities for the years ended December 31, 2023 and 2022 included the following: 

	2023		2022
Interest	$	963,149	$	926,897
Amortization and depreciation	$	98,968	$	269,875
Finance lease related expenses	$	770,189	$	730,917