Deferred Government Assistance (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Government Assistance [Abstract]

Schedule of 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.

Summary of Government Assistance Recognized in 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