XML 56 R37.htm IDEA: XBRL DOCUMENT v3.21.2
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change in Intangible Assets

The change in intangible assets for the years ending December 31, 2020 and 2019 are as follows:

 

    2020  
    Patent     Website     Trademarks     Total  
Cost                                
Balance–January 1, 2020   $ 51,250     $ 3,500     $ 4,644     $ 59,394  
Additions     7,456       -       506       7,962  
Balance–December 31, 2020   $ 58,706     $ 3,500     $ 5,150     $ 67,356  
                                 
Accumulated Depreciation                                
Balance–January 1, 2020   $ (2,249 )   $ -     $ -     $ (2,249 )
Additions     (2,159 )     -       -       (2,159 )
Balance–December 31, 2020   $ (4,408 )   $ -     $ -     $ (4,408 )
                                 
Net amount as at December 31, 2020   $ 54,298     $ 3,500     $ 5,150     $ 62,948  

 

    2019  
    Patent     Website     Trademarks     Total  
Cost                                
Balance–January 1, 2019   $ 10,574     $ 3,500     $ -     $ 14,074  
Additions     40,676       -       4,644       45,320  
Balance–December 31, 2019   $ 51,250     $ 3,500     $ 4,644     $ 59,394  
                                 
Accumulated Depreciation                                
Balance–January 1, 2019   $ (1,401 )   $ -     $ -     $ (1,401 )
Additions     (848 )     -       -       (848 )
Balance–December 31, 2019   $ (2,249 )   $ -     $ -     $ (2,249 )
                                 
Net amount as at December 31, 2019   $ 49,001     $ 3,500     $ 4,644     $ 57,145  

Schedule of Amortization of Patent

Amortization of the patent over the next five years and beyond December 31, 2020 is as follows:

 

2021   $ 2,160  
2022   $ 2,160  
2023   $ 2,160  
2024   $ 2,160  
2025   $ 2,160  
2026 and later   $ 38,201