DEBTS PAYABLE & SENIOR SECURED NOTES (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Disclosure of detailed information about borrowings [line items] |
|
| Schedule of the future debt obligation |
The Corporation has the following gross obligations as of December 31, 2020, which are expected to be payable in the following respective periods:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Less than 1 year
|
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1-5 years
|
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> 5 years
|
|
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Total
|
|
Trade payables and accrued liabilities
|
|
$
|
17,606,599
|
|
$
|
–
|
|
$
|
–
|
|
$
|
17,606,599
|
|
Lease obligations
|
|
|
4,307,052
|
|
|
16,593,868
|
|
|
41,707,890
|
|
|
62,608,810
|
|
Purchase consideration
|
|
|
9,053,057
|
|
|
–
|
|
|
–
|
|
|
9,053,057
|
|
Income tax payable
|
|
|
21,585,523
|
|
|
–
|
|
|
–
|
|
|
21,585,523
|
|
Debt Payable
|
|
|
8,644,633
|
|
|
54,867,766
|
|
|
–
|
|
|
63,512,399
|
|
Contingent consideration
|
|
|
–
|
|
|
27,500,000
|
|
|
–
|
|
|
27,500,000
|
|
Senior secured notes
|
|
|
–
|
|
|
110,000,000
|
|
|
–
|
|
|
110,000,000
|
|
Accrued interest payable
|
|
|
–
|
|
|
3,301,155
|
|
|
–
|
|
|
3,301,155
|
|
|
|
$
|
61,196,864
|
|
$
|
212,262,789
|
|
$
|
41,707,890
|
|
|
315,167,543
|
|
| Debt payable |
|
| Disclosure of detailed information about borrowings [line items] |
|
| Schedule of debt |
|
|
|
|
|
|
|
|
Debts payable
|
|
As of December 31, 2019
|
|
$
|
43,995,661
|
|
Acquired through combinations and acquisitions [Note 1 and 4]
|
|
|
25,131,964
|
|
Incurred
|
|
|
–
|
|
Less: repayment
|
|
|
(5,615,225)
|
|
Total debts payable, undiscounted as of December 31, 2020
|
|
|
63,512,400
|
|
Less: discounted to fair value
|
|
|
(1,279,819)
|
|
Total debts payable as of December 31, 2020
|
|
$
|
62,232,581
|
|
Total accrued interest payable related to debts payable as of December 31, 2020
|
|
$
|
2,510,059
|
The details of debts payable were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020
|
|
|
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Related party debt
|
|
Non-related party debt
|
|
Total debt
|
|
Principal payments
|
|
$
|
31,616,879
|
|
$
|
31,895,521
|
|
$
|
63,512,400
|
|
Less: current portion
|
|
|
4,747,367
|
|
|
3,897,266
|
|
|
8,644,633
|
|
Total non-current debt, undiscounted
|
|
$
|
26,869,512
|
|
$
|
27,998,255
|
|
$
|
54,867,767
|
|
Less: discount to fair value
|
|
|
–
|
|
|
(1,279,819)
|
|
|
(1,279,819)
|
|
Total non-current debt
|
|
$
|
26,869,512
|
|
$
|
26,718,436
|
|
$
|
53,587,948
|
|
| Schedule of the future debt obligation |
|
|
|
|
|
|
Future debt obligations (per year)
|
|
|
|
|
2021
|
|
$
|
8,644,633
|
|
2022
|
|
|
5,611,722
|
|
2023
|
|
|
11,446,496
|
|
2024
|
|
|
37,809,549
|
|
2025
|
|
|
–
|
|
Total debt obligations
|
|
$
|
63,512,400
|
|
| Senior secured notes |
|
| Disclosure of detailed information about borrowings [line items] |
|
| Schedule of debt |
|
|
|
|
|
|
|
|
Senior secured notes
|
|
As of December 31, 2019
|
|
$
|
–
|
|
Debt issued
|
|
|
110,000,000
|
|
Debt repaid
|
|
|
–
|
|
Debt issuance costs
|
|
|
(6,437,895)
|
|
Debt issuance costs amortized
|
|
|
90,858
|
|
Total senior secured notes payable as of December 31, 2020
|
|
$
|
103,652,963
|
|
Total accrued interest payable related to senior secured notes as of December 31, 2020
|
|
$
|
791,096
|
|