Annual report pursuant to Section 13 and 15(d)

Income taxes (Tables)

v3.10.0.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Taxes  
Schedule of Effective Income Tax Rate Reconciliation

 

 

 

 

 

 

 

Year ended December 31,

 

2018

 

2017

 

2016

 

$

 

$

 

$

Income (loss) before income taxes

4,564

 

76

 

(3,027)

 

 

 

 

 

 

Statutory rate

26.50%

 

26.50%

 

26.50%

 

 

 

 

 

 

Statutory rate

1,209

 

20

 

(804)

State tax

335

 

 -

 

 -

Permanent differences

(164)

 

91

 

154

True-Ups and Other

422

 

17,115

 

(110)

Effect of Foreign Tax Rate Difference

(379)

 

355

 

(28)

Change in valuation allowance

(1,423)

 

(17,581)

 

771

Total

 -

 

 -

 

(17)

 

Schedule of Deferred Tax Assets and Liabilities

 

 

 

 

 

 

 

As at December 31,

 

2018

 

2017

 

2016

 

$

 

$

 

$

Future income tax assets

 

 

 

 

 

Deferred tax assets

10,162

 

9,617

 

15,344

Net operating loss carry forwards

27,554

 

30,250

 

41,634

Less:  valuation allowance

(37,716)

 

(39,867)

 

(56,978)

Net future income tax assets

 -

 

 -

 

 -

 

Summary of Valuation Allowance

 

 

 

 

 

 

Income tax recovery (expense)

2018

 

2017

 

2016

 

$

 

$

 

$

Current income tax recovery (expense)

 -

 

 -

 

17

 

 

 

 

 

 

 

 -

 

 -

 

17

 

Summary of Operating Loss Carryforwards [Table Text Block]

 

 

 

 

 

 

Income tax loss carry forwards

 

 

 

 

 

Canadian (expiring 2026)

 

 

 

 

32,698,487

United States (expiring 2018 - 2031)

 

 

 

 

78,753,407