Annual report pursuant to Section 13 and 15(d)

Note 15 - Income Taxes (Tables)

v3.22.0.1
Note 15 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31,

 
   

2021

   

2020

 

Deferred tax assets (liabilities):

               

Non-capital losses carried forward

  $ 17,596     $ 14,321  

Research and development expenditures

    817       817  

Share issue costs

    608       837  

Patents and other

    309       300  

Accruals

    76       6  

Property and equipment

    (13 )     (14 )

Total deferred tax asset, net

    19,393       16,267  

Valuation allowance

    (19,393 )     (16,267 )

Net deferred tax asset

  $     $  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

December 31,

 
   

2021

   

2020

 

Statutory income tax rate

    27.0 %     27.0 %

Income tax recovery based on statutory rate

  $ (3,656 )   $ (3,274 )

Share-based compensation

    421       498  

Prior-year true-ups

    134       84  

Share issuance costs

    (41 )     (728 )

Australian research and development incentive

    2       (102 )

Other

    42       15  

Change in valuation allowance

    3,126       3,534  

Income tax expense

  $ 28     $ 27  
Summary of Operating Loss Carryforwards [Table Text Block]
   

Amount

(In thousands)

 

Expiration Years

Non-capital income tax losses, net

  $ 61,584  

Beginning 2026

Research and development expense carry forwards

    3,027  

Indefinitely

Tax credits

    483  

Beginning 2021