Commitments |
12 Months Ended |
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Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments [Text Block] |
11. Commitments and Contingencies Commitments The Company has initiated a project to expand the existing manufacturing facility. The Company has signed agreements in the amount of Euro 1,911 thousand (2,169 thousand) with three suppliers with respect to equipment for solvent film manufacturing. As at December 31, 2021 an amount of Euro 1,425 thousand (1,618 thousand) has been paid with respect to these agreements (note 6). Contingencies The government authorities have assessed the Company with respect to sales taxes claimed on certain expenses between 2017 and 2020, which the government is denying. The sales tax assessments amount to $243,000 (including interest and penalties of $28,000), which was paid to avoid further interest and penalties. The Company disagrees with the government's position and the sales tax assessments are under appeal. In the event the Company is unsuccessful in its appeal, sales taxes expenses would increase by $215,000 and net earnings would decrease by $215,000. |