SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

SCHEDULE OF GEOGRAPHICAL INFORMATION

On a consolidated basis, the Company operates geographically in Singapore, China (collectively “Asia”), the United States and Canada. Geographical information is as follows:

2021
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	537,647	$	291,772	$	20,959,707	$	21,789,126
Investment in joint venture		1,445,251		-		-		1,445,251
Property and equipment		2,787,273		276,961		-		3,064,234
Patents and licenses		-		528,476		-		528,476
Right of use asset		150,134		176,756		-		326,890
Total Assets	$	4,920,305	$	1,273,965	$	20,959,707	$	27,153,977

POET TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

17. SEGMENT INFORMATION (Continued)

Year Ended December 31,	Asia			US			Canada			Consolidated
Revenue	$	209,100		$	-		$	-		$	209,100
Selling, marketing and administration	$	(1,563,829	)	$	(5,460,915	)	$	(2,030,784	)	$	(9,055,528	)
Research and development		(4,849,553	)		(2,679,452	)		(636,123	)		(8,165,128	)
Gain on contribution of intellectual property to joint venture		2,587,500			-			-			2,587,500
Interest expense		(35,043	)		(32,632	)		(296,944	)		(364,619	)
Forgiveness of Covid-19 government support loans		-			186,747			-			186,747
Other income, including interest		-			-			75,084			75,084
Share of loss in joint venture		(1,142,249	)		-			-			(1,142,249	)
Net loss	$	(4,794,074	)	$	(7,986,252	)	$	(2,888,767	)	$	(15,669,093	)

2020
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	304,450	$	69,874	$	7,117,287	$	7,491,611
Property and equipment		2,982,496		203,258		-		3,185,754
Patents and licenses		-		438,677		-		438,677
Right of use asset		289,542		231,144		-		520,686
Total Assets	$	3,576,488	$	942,953	$	7,117,287	$	11,636,728

The Year Ended December 31,	Asia			US			Canada			Consolidated
Selling, marketing and administration	$	(1,182,054	)	$	(5,495,161	)	$	(1,460,783	)	$	(8,137,998	)
Research and development		(3,269,873	)		(1,447,729	)		(1,916,715	)		(6,634,317	)
Interest expense		(20,181	)		(24,474	)		(893,248	)		(937,903	)
Credit loss on receivable from the sale of discontinued operation		-			-			(2,500,000	)		(2,500,000	)
Other income, including interest		-			-			41,148			41,148
Net loss	$	(4,472,108	)	$	(6,967,364	)	$	(6,729,598	)	$	(18,169,070	)

2019
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	86,849	$	22,523	$	20,150,022	$	20,259,394
Property and equipment		3,055,906		87,154		-		3,143,060
Patents and licenses		-		452,384		-		452,384
Right of use asset		222,517		-		-		222,517
Total Assets	$	3,365,272	$	562,061	$	20,150,022	$	24,077,355

POET TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

17. SEGMENT INFORMATION (Continued)

The Year Ended December 31,	Asia			US			Canada			Consolidated
Selling, marketing and administration	$	(217,416	)	$	(5,126,260	)	$	(1,353,711	)	$	(6,697,387	)
Research and development		(218,900	)		(107,161	)		(1,757,754	)		(2,083,815	)
Impairment of long lived assets		-			-			(1,764,459	)		(1,764,459	)
Interest expense		(4,705	)		-			(815,206	)		(819,911	)
Amortization of debt issuance costs		-			-			(372,340	)		(372,340	)
Other income, including interest		-			-			10,540			10,540
Income tax recovery		-			292,740			-			292,740
Net loss from continuing operations		(441,021	)		(4,940,681	)		(6,052,930	)		(11,434,632	)
Income from discontinued operations, net of taxes		5,481,757			-			-			5,481,757
Net income (loss)	$	5,040,736		$	(4,940,681	)	$	(6,052,930	)	$	(5,952,875	)