Deferred Government Assistance

12 Months Ended

Dec. 31, 2023

Deferred Government Assistance [Abstract]

Deferred Government Assistance

19. Deferred Government Assistance

Deferred Government Assistance

	As of December 31,
	2023			2022
SDTC(1)	$	572,267		$	799,490
Deferred government assistance(2)		409,835			319,017
		982,102			1,118,507
Less: current portion		(590,954	)		(799,490	)
	$	391,148		$	319,017

(1)

On May 15, 2018, we entered into an agreement with the Canada Foundation for Sustainable Development Technology a (“SDTC”) for $4.2 million. The contribution provides funding for eligible costs incurred relating to the further development and demonstration of technology related to solar cells in connection with the project entitled “Enabling solar flight a testing ground for lightweight and efficient solar panels”. On March 30, 2021, we have received an additional 5% contribution from SDTC of $0.2 million. During the year ended December 31, 2023, we have recognized $0.1 million (2022: $Nil) as government assistance in the Consolidated Statements of Operations and Comprehensive Loss.

(2)

On November 10, 2022, we entered into an agreement with the EDC for $1.5 million. The contribution provides funding for eligible costs incurred relating to improvement of the Thurso facilities and the acquisition of digital production equipment. On December 20, 2022, we have received approximately $1.1 million of the total contribution and as of December 31, 2023 we have recognized $0.4 million in deferred government assistance. During the year ended December 31, 2023, we have recognized $Nil (2022: $Nil) as government assistance in the Consolidated Statements of Operations and Comprehensive Loss.

Government Assistance Recognized in the Consolidated Statements of Operations and Comprehensive Loss

	Year ended December 31,
	2023		2022
SR&ED	$	434,517	$	—
SDTC		85,915		—
Payroll subsidies		62,324		77,075
Amortization of deferred government assistance		—		3,047
R&D tax credit		—		138,410
	$	582,756	$	218,532