Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2021shares | |
Entity Addresses [Line Items] | |
Entity Registrant Name | TOWER ONE WIRELESS CORP. |
Entity Central Index Key | 0001579026 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2021 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Registration Statement | false |
Document Annual Report | true |
Document Transition Report | false |
Document Shell Company Report | false |
Entity Well-known Seasoned Issuer | No |
Entity Voluntary Filer | No |
Entity Interactive Data Current | No |
Entity's Reporting Status Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 100,473,582 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2021 |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Shell Company | false |
Entity File Number | 000-55103 |
Entity Incorporation, State or Country Code | Z4 |
Entity Address, Address Line One | 600-535 Howe Street |
Entity Address, City or Town | Vancouver |
Entity Address, Postal Zip Code | V6C 2Z4 |
Entity Address, Country | CA |
Title of 12(b) Security | CLASS A COMMON SHARES |
Document Accounting Standard | International Financial Reporting Standards |
Auditor Name | Smythe LLP |
Auditor Location | Vancouver, Canada |
Auditor Firm ID | 995 |
Business Contact [Member] | |
Entity Addresses [Line Items] | |
Contact Personnel Name | Alejandro Ochoa |
Entity Address, Address Line One | 600-535 Howe Street |
Entity Address, City or Town | Vancouver |
Entity Address, Postal Zip Code | V6C 2Z4 |
Entity Address, Country | CA |
City Area Code | 917 |
Local Phone Number | 546-3016 |
Contact Personnel Email Address | nick@toweronewireless.com |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Current Assets | ||
Cash | $ 1,059,386 | $ 122,759 |
Amounts receivable | 4,819,388 | 1,166,502 |
Prepaid expenses and deposits | 452,249 | 371,013 |
Deferred cost | 1,223,395 | 0 |
Asset held for sale | 0 | 30,967 |
Total current assets | 7,554,418 | 1,691,241 |
Long-term prepaid expenses and deposits | 2,910,956 | 0 |
Intangible assets | 0 | 1,357,658 |
Right-of-use assets | 2,536,594 | 1,885,433 |
Property and equipment | 8,885,003 | 6,175,128 |
Total Assets | 21,886,971 | 11,109,460 |
Current Liabilities | ||
Accounts payable and accrued liabilities | 10,039,853 | 4,368,281 |
Income tax payable | 554,777 | 610,977 |
Interest payable | 668,805 | 650,278 |
Deferred revenue | 0 | 278,443 |
Customer deposits | 5,301,501 | 5,621,307 |
Current portion of lease liabilities | 193,402 | 92,308 |
Current portion of loans payable | 4,208,925 | 3,440,732 |
Loans from related parties | 1,560,394 | 3,870,748 |
Current portion of bonds payable | 1,776,077 | 1,882,750 |
Total current liabilities | 24,303,734 | 20,815,824 |
Long-term portion of lease liabilities | 2,139,003 | 1,593,370 |
Long-term portion of loans payable | 10,112,949 | 143,855 |
Long-term portion of bonds payable | 129,500 | 0 |
Total Liabilities | 36,685,186 | 22,553,049 |
Shareholders' Deficiency | ||
Share capital | 17,481,406 | 16,900,668 |
Subscriptions receivable | (41,600) | (30,000) |
Shares issuable | 130,000 | 0 |
Contributed surplus | 1,678,992 | 1,706,089 |
Non-controlling interest | (2,825,829) | (4,532,457) |
Deficit | (32,247,379) | (25,352,460) |
Accumulated other comprehensive income | 1,026,195 | (135,429) |
Total Shareholders' Deficiency | (14,798,215) | (11,443,589) |
Total Liabilities and Shareholders' Deficiency | $ 21,886,971 | $ 11,109,460 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Profit or loss [abstract] | |||
Revenues | $ 10,687,626 | $ 9,126,082 | $ 5,413,594 |
Cost of sales | 6,265,803 | 4,951,013 | 2,879,546 |
Gross profit | 4,421,823 | 4,175,069 | 2,534,048 |
Expenses | |||
Advertising and promotion | 235,243 | 133,726 | 46,789 |
Amortization | 1,436,058 | 1,260,439 | 1,261,964 |
Bad debts | 78,056 | 38,410 | 150,551 |
Foreign exchange | (397,940) | 540,633 | 21,576 |
Interest, financing charges and accretion | 2,127,429 | 1,205,657 | 1,912,553 |
Maintenance and operations | 984,171 | 942,370 | 1,001,161 |
Office and miscellaneous | 884,896 | 869,732 | 963,460 |
Professional fees and consulting | 1,780,545 | 2,395,170 | 2,366,030 |
Share-based compensation | 130,000 | 0 | 0 |
Travel | 103,369 | 154,043 | 214,065 |
Total Expenses | 7,361,827 | 7,540,180 | 7,938,149 |
Loss before other items | (2,940,004) | (3,365,111) | (8,203,072) |
Other items | |||
Loss on extinguishment of debt | 0 | 0 | (393,026) |
Impairment of intangible assets | (1,056,716) | 0 | 0 |
Impairment of property and equipment | (393,478) | (441,292) | (1,306,767) |
Impairment of advances and loans receivable | 0 | 0 | (224,975) |
Write-off of VAT receivable | 0 | 0 | (48,735) |
Gain (loss) on net monetary position | (118,821) | 318,659 | (711,090) |
Total other income (expenses) | (1,569,015) | (122,633) | 144,378 |
Net loss before income taxes | (4,509,019) | (3,487,744) | (8,088,694) |
Current income tax expense | (85,269) | (186,560) | (380,863) |
Deferred income tax recovery | 0 | 0 | 322,289 |
Net loss | (4,594,288) | (3,674,304) | (8,147,268) |
Other comprehensive income: | |||
Foreign exchange translation adjustment | 1,139,917 | 508,446 | (327,696) |
Comprehensive loss | (3,454,371) | (3,165,858) | (8,474,964) |
Net loss attributable to: | |||
Shareholders of the Company | (4,185,480) | (2,364,633) | (4,977,237) |
Non-controlling interest | (408,808) | (1,309,671) | (3,170,031) |
Net loss | (4,594,288) | (3,674,304) | (8,147,268) |
Other comprehensive income attributable to: | |||
Shareholders of the Company | 1,016,895 | 373,945 | (155,147) |
Non-controlling interest | 123,022 | 134,501 | (172,549) |
Other comprehensive income | $ 1,139,917 | $ 508,446 | $ (327,696) |
Loss per common share - basic and diluted | $ (0.05) | $ (0.04) | $ (0.13) |
Weighted average common shares outstanding | 97,423,247 | 93,867,588 | 63,389,446 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity (Deficiency) - CAD ($) | Number of Common shares [Member] | Subscriptions Receivable [Member] | Shares Issuable [Member] | Contributed Surplus [Member] | Deficit [Member] | Accumulated other comprehensive income [Member] | Deficiency Attributable to Shareholders of the Company [Member] | Non-controlling interests [Member] | Total |
Balance at Dec. 31, 2018 | $ 16,876,382 | $ (30,000) | $ 2,089,462 | $ (19,009,676) | $ (354,227) | $ (428,059) | $ 162,471 | $ (265,588) | |
Balance, shares at Dec. 31, 2018 | 93,389,446 | ||||||||
Warrants issued | 608,440 | 608,440 | 608,440 | ||||||
Obligation to issue warrants | 180,714 | 180,714 | 180,714 | ||||||
Extinguishment of convertible debenture | (574,895) | (574,895) | (574,895) | ||||||
Adjustment on acquisition of controlled subsidiary | (106,990) | (106,990) | 869 | (106,121) | |||||
Adjustment on disposition of controlled subsidiary | 508,444 | 508,444 | (178,047) | 330,397 | |||||
Net loss | (4,977,237) | (4,977,237) | (3,170,031) | (8,147,268) | |||||
Other comprehensive income (loss) | (155,147) | (155,147) | (172,549) | (327,696) | |||||
Balance at Dec. 31, 2019 | $ 16,876,382 | (30,000) | 2,303,721 | (23,585,459) | (509,374) | (4,944,730) | (3,357,287) | (8,302,017) | |
Balance, shares at Dec. 31, 2019 | 93,389,446 | ||||||||
Warrants expired | (597,632) | 597,632 | |||||||
Shares issued as penalty to the convertible debt lenders | $ 24,286 | 24,286 | 24,286 | ||||||
Shares issued as penalty to the convertible debt lenders (shares) | 714,286 | ||||||||
Net loss | (2,364,633) | (2,364,633) | (1,309,671) | (3,674,304) | |||||
Other comprehensive income (loss) | 373,945 | 373,945 | 134,501 | 508,446 | |||||
Balance at Dec. 31, 2020 | $ 16,900,668 | (30,000) | 1,706,089 | (25,352,460) | (135,429) | (6,911,132) | (4,532,457) | (11,443,589) | |
Balance, shares at Dec. 31, 2020 | 94,103,732 | ||||||||
Warrants expired | (33,545) | 33,545 | |||||||
Adjustment on acquisition of controlled subsidiary | $ 569,520 | (2,742,984) | 144,730 | (2,028,734) | 1,992,491 | (36,243) | |||
Adjustment on acquisition of controlled subsidiary (shares) | 6,300,000 | ||||||||
Adjustment on disposition of controlled subsidiary | (78) | (78) | |||||||
Units issued for cash - bonds attached | $ 12,760 | (11,600) | 6,448 | 7,608 | 7,608 | ||||
Units issued for cash - bonds attached (shares) | 69,850 | ||||||||
Share issuance costs | $ (1,542) | (1,542) | (1,542) | ||||||
Shares issuable for vested PSU's | $ 130,000 | 130,000 | 130,000 | ||||||
Net loss | (4,185,480) | (4,185,480) | (408,808) | (4,594,288) | |||||
Other comprehensive income (loss) | 1,016,895 | 1,016,895 | 123,022 | 1,139,917 | |||||
Balance at Dec. 31, 2021 | $ 17,481,406 | $ (41,600) | $ 130,000 | $ 1,678,992 | $ (32,247,379) | $ 1,026,196 | $ (11,972,385) | $ (2,825,830) | $ (14,798,215) |
Balance, shares at Dec. 31, 2021 | 100,473,582 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities | |||
Net loss | $ (4,594,288) | $ (3,674,304) | $ (8,147,268) |
Items not affecting cash: | |||
Accretion | 0 | 0 | 107,376 |
Accrued interest | 603,282 | 493,901 | 583,883 |
Amortization | 1,436,058 | 1,260,439 | 1,261,964 |
Allowance for VAT | 0 | 0 | 48,375 |
Gain on sale of towers | (1,763,936) | (453,216) | (664,446) |
Deferred income tax recovery | 0 | 0 | (322,289) |
Foreign exchange | 952,316 | 962,181 | 2,719,037 |
Gain on net monetary position | (64,322) | (1,323,265) | (1,921,376) |
Share-based compensation | 130,000 | 0 | 0 |
Impairment | 1,450,196 | 441,292 | 1,306,767 |
Impairment of advances and loans receivable | 0 | 0 | 224,975 |
Loss on extinguishment of debt | 0 | 0 | 393,026 |
Changes in non-cash working capital items | (3,566,169) | 2,691,191 | 7,529,242 |
Cash provided by (used in) operating activities | (5,416,863) | 398,219 | 3,119,626 |
Cash flows from investing activities | |||
Cash received from disposition | 0 | 72,396 | 258,001 |
Cash paid for acquisitions | (36,243) | 0 | (106,121) |
Cash received in acquisition of T3 Ecuador | 1,218 | 0 | 0 |
Cash received on sale of towers | 3,795,509 | 1,204,942 | 0 |
Addition of property and equipment | (5,834,167) | (2,656,546) | (3,634,144) |
Cash used in investing activities | (2,073,683) | (1,379,208) | (3,482,264) |
Cash flows from financing activities | |||
Units issued for cash, net | 6,066 | 0 | 0 |
Repayment of convertible debts | 0 | (745,000) | (750,000) |
Proceeds from (repayment of) bonds payable, net | (49,846) | 0 | 859,560 |
Loans received | 12,388,018 | 2,533,479 | 1,173,953 |
Repayment of loans | (200,694) | (66,258) | (1,467,004) |
Loans from related parties | 0 | 713,646 | 1,969,187 |
Repayment of loans from related parties | (2,749,778) | (833,951) | (1,140,500) |
Lease payments | (1,009,469) | (553,130) | (570,512) |
Cash provided by financing activities | 8,373,297 | 1,048,786 | 74,684 |
Foreign exchange on cash | 42,876 | (1,667) | (1,520) |
Change in cash | 936,627 | 66,130 | (289,474) |
Cash, beginning | 122,759 | 56,629 | 346,103 |
Cash, ending | 1,059,386 | 122,759 | 56,629 |
Property and equipment additions in accounts payable and accrued liabilities | 2,433,874 | 901,653 | 1,019,581 |
Cash paid for interest | 1,513,947 | 368,390 | 635,717 |
Cash paid for income taxes | $ 0 | $ 0 | $ 0 |
NATURE OF OPERATIONS AND GOING
NATURE OF OPERATIONS AND GOING CONCERN | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of Nature of operations and going concern [Abstract] | |
NATURE OF OPERATIONS AND GOING CONCERN | 1. NATURE OF OPERATIONS AND GOING CONCERN Tower One Wireless Corp. ("Tower One" or the "Company") is a pure-play, build-to-suit ("BTS") tower owner, operator and developer of multitenant communications structures. The Company's primary business is the leasing of space on communications sites to mobile network operators ("MNOs"). The Company offers tower-related services in the largest Spanish speaking countries in Latin America: Argentina, Colombia and Mexico. These tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the Company's site leasing business, including the addition of new tenants and equipment on its sites. A long-term site lease is in hand with a tenant prior to undergoing construction. Tower One was incorporated under the laws of the Province of British Columbia, Canada on September 12, 2005. On October 14, 2011, the Company became a reporting company in British Columbia and was approved by the Canadian Securities Exchange ("CSE") and commenced trading on November 16, 2011. The Company's registered office is located at Suite 605, 815 Hornby Street, Vancouver, BC, Canada V6Z 2E6. These consolidated financial statements have been prepared on the basis of accounting principles applicable to a going concern, and accordingly, do not purport to give effect to adjustments which may be required should the Company be unable to achieve the objectives above as a going concern. The net realizable value of the Company's assets may be materially less than the amounts recorded in these consolidated financial statements should the Company be unable to realize its assets and discharge its liabilities in the normal course of business. At December 31, 2021, the Company had a working capital deficiency of $16,749,316 (2020 - $19,124,583) and an accumulated deficit of $32,247,379 (2020 - $25,352,460) which has been funded primarily by loans from related parties and third parties. Ongoing operations of the Company are dependent upon the Company's ability to generate sufficient revenues in the future, receive continued financial support and complete equity financings. These factors raise substantial doubt about the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Such adjustments could be material. The outbreak of the novel strain of coronavirus ("COVID-19") has resulted in governments worldwide enacting emergency measures to constrain the spread of the virus. These measures, which include the implementation of travel bans, self-imposed quarantine periods, self-isolation, physical and social distancing and the closure of non-essential businesses, have caused significant disruption to businesses globally, which has resulted in an uncertain and challenging economic environment. The duration and impact of the COVID-19 pandemic are unknown at this time. COVID-19 did not have a significant impact on the Company's site leasing business and tower sales. Moreover, COVID-19 did not have any impact on the Company's ability to collect receivables from its customers. |
STATEMENT OF COMPLIANCE AND BAS
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Statement Of Compliance And Basis Of Presentation [Abstract] | |
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION | 2. STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board ("IASB"). These consolidated financial statements were approved and authorized for issue by the Board of Directors on May 2, 2022. (b) Basis of Presentation and Consolidation These consolidated financial statements were prepared on a historical cost basis, except for financial instruments classified as fair value through profit or loss. In addition, these consolidated financial statements have been prepared using the accrual basis of accounting, except for cash flow information. The presentation currency of the consolidated financial statements is Canadian dollars. These consolidated financial statements include the accounts of the following entities as at December 31, 2021 and 2020: Entity Country Percentage of Functional currency 2021 2020 Subsidiaries Tower One Wireless Corp. ("Tower One") Canada Parent Parent Canadian dollar Tower Two SAS ("Tower Two") Argentina 100% 100% Argentine Peso Tower Three SAS ("Tower Three") Colombia 100% 100% Colombian Peso Tower 3 SA ("Tower 3") Argentina 100% 100% Argentine Peso Innervision SAS ("Innervision") Colombia 100% 100% Colombian Peso Evolution Technology SA ("Evolution") Argentina 91.25% 65% Argentine Peso Tower Construction & Technical Services, LLC ("TCTS") USA 50% 50% US dollar Tower One Wireless Mexico S.A. de C.V. ("Mexmaken") Mexico 90% 90% Mexican Peso Towerthree Wireless del Ecuador S.A. ("T3 Ecuador") Ecuador 90% N/A US dollar All significant inter-company balances and transactions have been eliminated on consolidation. Subsidiaries are entities controlled by the Company. Control is based on whether an investor has power over the investee, exposure or rights to variable returns from its involvement with the investee, and the ability to use its power over the investee to affect the amount of returns. Non-controlling interests in the net assets are identified separately from the Company's deficiency. The non-controlling interest consists of the non-controlling interest as at the date of the original acquisition plus the noncontrolling interest's share of changes in equity or deficiency since the date of acquisition. (c) Use of Estimates and Judgments The Company makes estimates and assumptions about the future that affect the reported amounts of assets and liabilities. Actual results may differ from these estimates and assumptions. Estimates and judgments are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognized in the period in which the estimates are revised if the revision affects only that period or in the period of the revision and further periods if the review affects both current and future periods. Significant areas requiring the use of management estimates include the following: (i) The Company records intangible assets purchased in a business combination at their fair value. Following initial recognition, the Company carries the value of intangible assets at cost less accumulated amortization and any accumulated impairment losses. Amortization is recorded on a straight-line basis based upon management's estimate of the useful life and residual value. The estimates are reviewed at least annually and are updated if expectations change as a result of technical obsolescence or legal and other limits to use. A change in the useful life or residual value will impact the reported carrying value of the intangible assets resulting in a change in related amortization expense. (ii) The Company has applied estimates with respect to the valuation of shares issued for non-cash consideration. Shares are valued first at the fair value of goods or services received, and if this not readily determinable, at the fair value of the equity instruments granted at the date the Company receives the goods or services. The Company measures the cost of equity-settled transactions at the fair value of the equity instruments on the date they are granted. Estimating fair value for share-based compensation transactions requires determining the most appropriate valuation model, which is dependent on the terms and conditions of the grant. This estimate also requires determining the most appropriate inputs to the valuation model including the fair value of the underlying common shares, the expected life of the share option, volatility and dividend yield. The fair value of the underlying common shares is assessed as the quoted market price on grant date. The assumptions and models used for estimating fair value for share-based compensation transactions are discussed in Note 21. (iii) Amortization is recorded on a declining balance basis based upon management's estimate of the useful life and residual value. The estimates are reviewed at least annually and are updated if expectations change as a result of the physical condition, technical obsolescence or legal and other limits to use. A change in the useful life or residual value will impact the reported carrying value of towers and equipment resulting in a change in related amortization expense. (iv) The Company uses estimation in determining the incremental borrowing rate used to measure the lease liabilities. This rate represents the rate that the Company would incur to obtain the funds necessary to purchase the asset of a similar value, with similar payment terms and security in a similar economic environment. (v) The Company provides for doubtful debts by analyzing the historical default experience and current information available about a customer's credit worthiness on an account by account basis. Uncertainty relates to the actual collectability of customer balances that can vary from the Company's estimation. At December 31, 2021, the Company has an allowance for doubtful accounts of $76,517 (2020 - $36,381). (vi) Determining the amount of impairment of goodwill, intangible assets, and property and equipment requires an estimation of the recoverable amount, which is defined as the higher of fair value less the cost of disposal or value in use. Many factors used in assessing recoverable amounts are outside of the control of management and it is reasonably likely that assumptions and estimates will change from period to period. Use of Judgments Critical accounting judgments are accounting policies that have been identified as being complex or involving subjective judgments or assessments with a significant risk of material adjustment in the year: (i) The assessment of whether the going concern assumption is appropriate requires management to take into account all available information about the future, which is at least, but not limited to, twelve months from the end of the reporting period. The Company is aware that material uncertainties related to events or conditions that raise substantial doubt upon the Company's ability to continue as a going concern. Further information regarding going concern is outlined in Note 1. (ii) As at December 31, 2021, the Company holds 50% interest in a joint arrangement. The Company has joint control of the arrangement whereby the parties that have joint control have rights to the assets, and obligations for the liabilities, relating to the arrangement on a proportionate basis. Those parties are called joint operators. None of the parties involved have unilateral control of a joint operation. The Company accounts for its interest in joint operations by recognizing its share of assets, liabilities, revenues and expenses in accordance with its contractually conferred rights and obligations. This assessment is performed on a continuous basis. (iii) The measurement of income taxes payable and deferred income tax assets and liabilities requires management to make judgments in the interpretation and application of the relevant tax laws. The actual amount of income taxes only becomes final upon filing and acceptance of the tax return by the relevant tax authorities, which occurs subsequent to the issuance of the consolidated financial statements. (iv) In accordance with the substance of the contractual arrangement, convertible debentures are compound financial instruments that are accounted for separately by their components: a financial liability and an equity instrument. The identification of convertible debenture components is based on interpretations of the substance of the contractual arrangement and therefore requires judgment from management. The separation of the components affects the initial recognition of the convertible debenture at issuance and the subsequent recognition of interest on the liability component. The determination of the fair value of the liability is also based on a number of assumptions, including contractual future cash flows, discount factors and the presence of any derivative financial instruments. (v) Judgment is required in determining whether an asset meets the criteria for classification as "assets held for sale" in the consolidated statements of financial position. Criteria considered by management include the existence of and commitment to a plan to dispose of the assets, the expected selling price of the assets, the expected time frame of the completion of the anticipated sale and the period of time any amounts have been classified within assets held for sale. The Company reviews the criteria for assets held for sale each period and reclassifies such assets to or from this financial position category as appropriate. In addition, there is a requirement to periodically evaluate and record assets held for sale at the lower of their carrying value and fair value less costs to sell. Judgment is applied in determining whether disposal groups represent a component of the entity, the results of which should be recorded as discontinued operations in the consolidated statements of comprehensive loss. (vi) At the end of each reporting period, management makes a judgment whether there are any indications of impairment of its property and equipment and intangibles. If there are indications of impairment, management performs an impairment test on a cash-generating unit basis. The impairment test compares the recoverable amount of the asset to its carrying amount. The recoverable amount is the higher of the asset's value in use (present value of the estimated future cash flows) and its estimated fair value less costs of disposal. (vii) The determination of the functional currency for the Company and its subsidiaries was based on management's judgment of the underlying transactions, events and conditions relevant to each entity. The determination of whether an entity operates in a hyperinflationary economy was based on management's judgment of the underlying economic condition of the country the entity operates in. (viii) The Company applies judgment in determining whether the contract contains an identified asset, whether the Company has the right to control the asset, and the lease term. The lease term is based on considering facts and circumstances, both qualitative and quantitative, that can create economic incentive to exercise renewal options. (ix) Judgment is required in applying IFRS 9 Financial Instruments (x) Judgement is required in determining whether an acquisition of an entity, asset or group of assets is considered a business in accordance with the criteria provided under IFRS 3, Business Combinations |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | 3. SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies used in the preparation of these consolidated financial statements: Loss per share Basic loss per share is computed by dividing the net loss for the period by the weighted average number of common shares outstanding during the period. To compute diluted loss per share, adjustments are made to common shares outstanding. The weighted average number of common shares outstanding is adjusted to include the number of additional common shares that would be outstanding if, at the beginning of the period or at time of issuance, all options and warrants were exercised. The proceeds from exercise are assumed to be used to purchase the Company's common shares at their average market price during the period. For the years presented, this calculation proved to be anti-dilutive. Revenue recognition The Company generates revenues from the supply of various goods and services. i. Leases in which a significant portion of the risks and rewards of ownership are retained by the Company are classified as operating leases. Assets under operating leases are included in property and equipment. Leasing revenue from operating leases is recognized as the leasing services are provided. ii. Tower sales revenue is recognized when the control over the tower is transferred to the customer. The Company recognizes revenue after: the contract is identified; performance obligations are identified; the transaction price is determined; the transaction price is allocated to the various performance obligations (if multiple performance obligations are identified); and ultimately, once the performance obligation is satisfied. iii. Revenues from consulting, installation, technical and maintenance services are recognized when the services are completed. Unbilled revenues represents services performed but not yet billed. Foreign currency translation The results and financial position of a subsidiary whose functional currency is not the currency of a hyperinflationary economy is translated into the presentation currency using the following procedures: i. ii. iii. For practical reasons, a rate that approximates the exchange rates at the dates of the transactions, for example an average rate for the period, is often used to translate income and expense items. For the year ended December 31, 2021, an unrealized foreign exchange translation gain of $1,139,917 (2020 - $508,446) was recorded under accumulated other comprehensive loss as a result of changes in the value of the Colombian Peso, Argentine Peso, Mexican Peso and US dollars with respect to the Canadian dollar. The results and financial position of a subsidiary whose functional currency is the currency of a hyperinflationary economy are translated into the presentation currency using the following procedures: i. ii. When an entity's functional currency is the currency of a hyperinflationary economy, the entity shall restate its financial statements in accordance with IAS 29 Financial Reporting in Hyperinflationary Economies Property and equipment Property and equipment is stated at cost less accumulated amortization and accumulated impairment loss. Amortization expense for towers begins in the month of transfer of each tower from construction in progress to towers. Costs not clearly related to the procurement, manufacturing and implementation are expensed as incurred. Towers represent cellular towers owned by the Company. The towers are operated at various sites and under contractual license agreements. • • Costs of assets in the course of construction are capitalized as construction in progress. Upon completion, the cost of construction is transferred to the appropriate category of property and equipment and amortization commences when the asset is available for its intended use. An asset's residual value, useful life and amortization method are reviewed at each financial year end and adjusted if appropriate. When parts of an item of equipment have different useful lives, they are accounted for as separate items (major components) of equipment. Gains and losses on disposal of an item of equipment are determined by comparing the proceeds from disposal with the carrying amount of the equipment and are recognized in profit or loss. Intangible assets Intangible assets consist of master lease agreement acquired by the Company. Acquired lease agreements are carried at cost less accumulated amortization and impairment losses. Intangible assets with indefinite lives are not amortized but are tested annually for impairment. Any impairment of intangible assets is recognized in the consolidated statement of comprehensive loss but increases in intangible asset values are not recognized subsequently. Amortization expense for intangible assets is calculated on the straight-line basis over its estimated useful life. Estimated useful lives of intangible assets are the shorter of the economic life and the period the right is legally enforceable. The assets' useful lives are reviewed, and adjusted if appropriate, at each statement of financial position date. The useful life of the Company's intangible assets, consisting of master lease agreements, is estimated to be 10 years. Impairment Non-financial assets are tested for impairment whenever events or changes in circumstances indicate that an asset's carrying amount may be less than its recoverable amount. Management uses its judgment to estimate these inputs and any changes to these inputs could have a material impact on the impairment calculation. For impairment testing, non-financial assets that do not generate independent cash flows are grouped together into CGU, which represent the levels at which largely independent cash flows are generated. An impairment loss is recognized in earnings to the extent that the carrying value of an asset, CGU or group of CGU's exceeds its estimated recoverable amount. The recoverable amount of an asset, CGU or group of CGU's is the greater of its value in use and its fair value less cost to sell. Value in use is calculated as the present value of the estimated future cash flows discounted at appropriate pre -tax discount rates. An impairment loss relating to a specific asset reduces the carrying value of the asset. An impairment loss relating to a group of CGU's is allocated on a pro-rata basis to reduce the carrying value of the assets in the units comprising the group. A previously recognized impairment loss related to non- financial assets is assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss related to non-financial assets is reversed if there is a subsequent increase in the recoverable amount. An impairment loss is reversed only to the extent that the asset's carrying value does not exceed the carrying value that would have been determined, net of depreciation or amortization, if no loss had been recognized. Share capital Common shares are classified as equity. Transaction costs directly attributable to the issue of common shares and share options are recognized as a deduction from equity, net of any tax effects. Common shares issued for consideration other than cash, are valued based on their market value at the date the shares are issued. The Company applies the residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the more easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. The Company considers the fair value of common shares issued in a private placement to be the more easily measurable component and the common shares are valued at their fair value, as determined by the closing quoted bid price on the announcement date. The balance, if any, is allocated to the attached warrants. Any fair value attributed to the warrants is recorded as contributed surplus. Share-based compensation Share-based compensation to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The amount recognized as an expense is adjusted to reflect the number of awards expected to vest. The offset to the recorded cost is to contributed surplus. Consideration received on the exercise of stock options is recorded as share capital and the related amount in contributed surplus is transferred to share capital. Charges for options that are forfeited before vesting are reversed from contributed surplus. For those options that expire or are forfeited after vesting, the recorded value is transferred to deficit. Income taxes Income tax expense consisting of current and deferred tax expense is recognized in the consolidated statement of comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at period-end, adjusted for amendments to tax payable with regard to previous years. Deferred tax assets and liabilities and the related deferred income tax expense or recovery are recognized for deferred tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. Provisions Provisions are recorded when a present legal or constructive obligation exists as a result of past events where it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the statement of financial position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount receivable can be measured reliably. Financial instruments Financial assets - Classification The Company classifies its financial assets in the following categories: • • The classification depends on the Company's business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses are either recorded in profit or loss or OCI. Financial assets - Measurement At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss ("FVTPL"), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVTPL are expensed in profit or loss. Financial assets are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. Subsequent measurement of financial assets depends on their classification. • • • The Company has classified its cash and amounts receivables as FVTPL. Financial liabilities The Company classifies its financial liabilities into the following categories: • • A financial liability is classified as at FVTPL if it is classified as held-for-trading or is designated as such on initial recognition. Directly attributable transaction costs are recognized in profit or loss as incurred. The fair value changes to financial liabilities at FVTPL are presented as follows: • • The Company does not designate any financial liabilities at FVTPL. Other non-derivative financial liabilities are initially measured at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these liabilities are measured at amortized cost using the effective interest method. The Company has classified its accounts payable and accrued liabilities, interest payable, convertible debentures, loans payable, loans from related parties, customer deposits, bonds payable and lease liability as amortized cost. Convertible debentures The component parts of compound instruments (convertible debentures) issued by the Company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument. Conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instruments is an equity instrument. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible instruments. This amount is recorded as a liability on an amortized cost basis using the effective interest method until extinguished upon conversion. The conversion option classified as equity is determined by deducting the fair value of the liability component from the face value of the compound instrument as a whole. This is recognized and included in equity, net of income tax effects, and is not subsequently remeasured. In addition, the conversion option classified as equity will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. When the conversion option remains unexercised at the maturity date of the convertible note, the balance recognized in equity will be transferred to deficit. No gain or loss is recognized in the profit or loss upon conversion or expiration of the conversion option. Transaction costs that relate to the issue of the convertible notes are allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are recognized directly in equity. Transaction costs relating to the liability component are included in the carrying amount of the liability component and are amortized over the lives of the convertible notes using the effective interest method. Substantial modification of convertible debentures Modification is deemed to be substantial if the net present value of the cash flows under the modified terms, including any fees paid or received, is a least 10 percent different from the net present value of the remaining cash flows of the liability prior to the modification, both discounted at the original effective interest rate of the liability prior to the modification. A substantial modification of the terms of an existing financial liability is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The consideration paid, represented by the fair value of the modified convertible debentures are allocated to the liability and equity components of the original convertible debentures at the date of the extinguishment. The method used in allocating the consideration paid and transaction costs to the separate components of the original convertible debentures is consistent with that used in the original allocation to the separate components of the original convertible debentures of the proceeds received by the Company when the original convertible debentures were issued. Once the allocation of the consideration is made, any resulting gain or loss is treated as follows: • • Joint arrangements The Company applies IFRS 11 Joint Arrangements When the Company undertakes its activities under joint operations, the Company as a joint operator recognizes in relation to its interest in a joint operation: • • • • • The Company accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses. Leases At inception, the Company assesses whether a contract contains an embedded lease. A contract contains a lease when the contract conveys a right to control the use of an identified asset for a period of time in exchange for consideration. The Company, as lessee, is required to recognize a right-of-use asset ("ROU asset"), representing its right to use the underlying asset, and a lease liability, representing its obligation to make lease payments. The Company recognizes a ROU asset and a lease liability at the commencement of the lease. The ROU asset is initially measured based on the present value of lease payments, plus initial direct cost, less any incentives received. It is subsequently measured at cost less accumulated amortization, impairment losses and adjusted for certain remeasurements of the lease liability. The ROU asset is amortized from the commencement date over the shorter of the lease term or the useful life of the underlying asset. The ROU asset is subject to testing for impairment if there is an indicator of impairment. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by the interest rate implicit in the lease, or if that rate cannot be readily determined, the incremental borrowing rate. The incremental borrowing rate is the rate which the operation would have to pay to borrow over a similar term and with similar security, the funds necessary to obtain an asset of similar value to the ROU asset in a similar economic environment. Lease payments included in the measurement of the lease liability are comprised of: • • • • • • • The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or a rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. Variable lease payments that do not depend on an index or a rate not included in the initial measurement of the ROU asset and lease liability are recognized as an expense in profit or loss in the period in which they are incurred. |
HYPERINFLATION
HYPERINFLATION | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Detailed Information About Hyperinflation [Abstract] | |
HYPERINFLATION | 4. HYPERINFLATION In July 2018, the Argentine three-year cumulative rate of inflation for consumer prices and wholesale prices reached a level in excess of 100%. As a result, in accordance with IAS 29, Financial Reporting in Hyperinflationary Economies On the application of IAS 29, the Company used the conversion coefficient derived from the combination of the "IPC Nacional and the IPIM" (the national consumer price index and the national wholesale price index) published by the National Statistics and Census Institution in Argentina. Furthermore, a formal resolution (number 539/018) from de "FACPCE" (Federación Argentina de Consejos Profesionales de Ciencias Económicas) was issued and has been followed in the calculations. As the consolidated financial statements of the Company have been previously presented in Canadian dollars, a stable currency, the comparative period amounts do not require restatement. The level of the IPC at December 31, 2021 was 582.45 (2020 - 385.76), which represents an increase of 50.9% over the IPC at December 31, 2020. Monetary assets and liabilities are not restated because they are already expressed in terms of the monetary unit current as at December 31, 2021. Non-monetary assets, liabilities, equity, and expenses (items that are not already expressed in terms of the monetary unit as at December 31, 2021) are restated by applying the index at the end of the reporting period. The effect of inflation on the Argentine subsidiary's net monetary position.is included in the consolidated statements of loss as a gain on net monetary position. The application of IAS 29 results in the adjustment for the loss of purchasing power of the Argentine peso recorded in the consolidated statements of comprehensive loss. In a period of inflation, an entity holding an excess of monetary assets over monetary liabilities loses purchasing power, which results in a loss on the net monetary position. This loss/gain is derived as the difference resulting from the restatement of non-monetary assets, liabilities and equity. As per IAS 21, The Effects of Changes in Foreign Exchange Rates As a result of the change in the conversion coefficient during the year ended December 31, 2021, the Company recognized a net monetary loss of $118,821 (2020 - gain $318,659) to adjust transactions recorded during the period into a measuring unit current as of December 31, 2021. |
TOWER CONSTRUCTION & TECHNICAL
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Acquisition Of Tower Construction Technical Services Inc [Abstract] | |
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. | 5. TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. On October 18, 2017, the Company entered into an Escrow Agreement with the shareholders of Tower Construction & Technical Services, Inc. ("TCTS") to acquire 70% ownership interest in TCTS. On March 1, 2019, the Company entered into an agreement to acquire the remaining 30% ownership interest of TCTS for total purchase price of $106,121 (US$80,000). As the Company previously controlled TCTS, the transaction resulted in a change to the Company ownership stake and was accounted for as an equity transaction. The $106,990 difference between the acquisition of $869 non-controlling interest and $106,121 fair value of consideration paid was recognized directly in deficit. On August 1, 2019, the Company entered into a Joint Venture Agreement with a third party, Enervisa US LLC ("Enervisa") and sold 50% of outstanding shares of TCTS for $330,397 (US$250,000) to fund the operation of TCTS. The Company determines that the sale of the 50% of TCTS shares did not constitute a loss of control. The issuance of the shares is accounted for an equity transaction and resulting a non-controlling interest of $698,030. The non-controlling interest consists of $519,983 of Enervisa's share of TCTS's net loss for the period from January 1, 2019 to August 1, 2019 which is included in net loss attributable to non-controlling interests on the consolidated statement of changes in equity (deficiency). During the years ended December 31, 2020 and 2019, the Company received $72,396 and $258,001, respectively, for the sale of 50% of the outstanding shares of TCTS. During the year ended December 31, 2021, there was no changes in ownership. |
ACQUISITION OF INNERVISION TELE
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Acquisition Innervision Telecom Sas [Abstract] | |
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") | 6. ACQUISITION OF INNERVISION TELECOM S.A.S. ("INNERVISION") As at December 31, 2018, the Company owned 90% of Innervision through its wholly owned subsidiary Tower Three S.A.S ("Tower Three"). In October 2019, the Company completed the acquisition of the remaining common shares of Innervision not previously owned by Tower Three. The Company acquired the remaining 10% interest for total purchase price of $2,685 ($7,000,000 Colombian Peso). As the Company previously controlled Innervision, the transaction resulted in a change to the Company's ownership stake and was accounted for as an equity transaction. The difference between the non-controlling interest and the fair value of consideration paid was recognized directly in deficit. |
ACQUISITION OF EVOLUTION TECHNO
ACQUISITION OF EVOLUTION TECHNOLOGY SA | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Acquisition Of Evolution Technology SAAbstract | |
ACQUISITION OF EVOLUTION TECHNOLOGY SA | 7. ACQUISITION OF EVOLUTION TECHNOLOGY SA On March 30, 2017, the Company entered into a Share Purchase Offer Agreement with the shareholders of Evolution Technology SA ("Evotech") to acquire a 65% ownership interest. Since its incorporation on March 10, 2016, Evotech has obtained various permits for constructing cellular towers and also has master lease agreements with major telecom carriers in Argentina. To obtain the 65% ownership interest, the Company paid US$350,000 and issued 1,500,000 common shares with a fair value of $480,000 to the shareholders of Evotech. In addition, the Company is committed to contribute the funds necessary for Evotech to construct 50 towers, or a lower number of towers to be agreed between the parties, for up to a total maximum amount of US$3,500,000. The Company determined that the acquisition of Evotech constituted a business combination as Evotech has inputs, processes and outputs. As such the Company has applied the acquisition method of accounting. As part of the acquisition of Evotech, the Company acquired Evotech's master lease agreement, which was recorded as an intangible asset. In June 2021, the Company acquired an additional 26.25% of common shares of Evotech not previously owned by Tower One for total purchase price of $36,243 (U$30,000) cash and the issuance of 6,300,000 common shares with a fair value of $569,520, increasing its ownership from 65% to 91.25%. As the Company previously controlled Evotech, the transaction resulted in a change to the Company's ownership stake and was accounted for as an equity transaction. The carrying amount of Evotech's non-controlling interest on the date of the acquisition was $2,656,655 and the carrying amount of AOCI on the date of acquisition was $192,974. $ Consideration paid 605,764 Net change to non-controlling interest (26.25%/35%*$2,656,655) 1,992,491 Net change to AOCI (26.25%/35%*$192,974) 144,729 Increase in equity attributable to the Company 2,742,984 The increase in equity attributable to the Company of $2,742,984 was recognized directly in deficit. |
ACQUISITION OF TOWERTHREE WIREL
ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Business Combinations [abstract] | |
ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA | 8. ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA On September 20, 2021, the Company entered into a Share Transfer Agreement with the sole shareholder of Towerthree Wireless Del Ecuador SA ("T3 Ecuador") to acquire a 90% ownership interest. Since its incorporation in 2019, T3 Ecuador had minimal operations and held preliminary agreements with certain municipalities where the cities offices provided T3 Ecuador with a list of public spaces that T3 Ecuador are authorized to build towers on. In consideration for the 90% ownership interest, the Company paid $920 (US$720). The Company determined that T3 Ecuador did not meet the IFRS 3, Business Combinations As the transaction was determined to be outside the scope of IFRS 3, it was accounted for as an asset acquisition and the cost of the acquisition was allocated to the group of assets acquired and liabilities assumed on the basis of their relative fair values at the acquisition date. The net assets acquired in the acquisition of T3 Ecuador relating to the 90% ownership interest is summarized as follows: Fair value of T3 Ecuador net assets acquired $ Cash 1,296 Taxes receivable 9,012 Property and equipment 74,067 Intangible asset 1,624 Accounts payable (399 ) Loans from related parties (84,680 ) Total fair value of T3 Ecuador net assets acquired 920 As the transaction was determined to be an asset acquisition, and the Company acquired 90% ownership interest, the Company recognized non-controlling interest equal to the 10% non-controlling proportionate share of the net assets acquired and liabilities assumed of $78. As at December 31, 2021, the Company completed an impairment analysis in accordance with IAS 36 Impairment of Assets |
COLLABORATION AGREEMENT
COLLABORATION AGREEMENT | 12 Months Ended |
Dec. 31, 2021 | |
Collaborative Arrangement Disclosure [Abstract] | |
COLLABORATION AGREEMENT | 9. COLLABORATION AGREEMENT On April 6, 2021, Tower 3 entered into a Collaboration Agreement with Commerk S.A.S. ("Commerk") to operate collaboratively on the development, construction and operation of telecommunication tower projects in Colombia ("Projects"). Tower 3 and Commerk each have equal voting rights and ownership to 50% of all assets, liabilities, revenues and expenses relating to Projects operated under the Collaboration Agreement. The term of the Collaboration Agreement is for seven years, with automatic successive renewal terms of additional seven-year periods, provided that neither of the parties has expressed its intention to terminate the agreement at least thirty calendar days prior to the expiration of the initial or extended term. Pursuant to the Collaboration Agreement, Commerk will provide equity contributions towards the tower projects that will be entrusted to Tower 3. The contributions will be handed over monthly after submitting evidence of the telecommunication towers placed in service during the preceding month and the amount shall be determined based on the cash flow associated to the towers in service during the month. The equity contributions provided by Commerk accrue interest at a rate of 6.2% per annum and will accrue from the date contribution is received by Tower 3. As at December 31, 2021, the outstanding balance of equity contributions is $3,820,652 (COP $12,039,984,363) (2020 - $ nil |
NON-CONTROLLING INTEREST (NCI)
NON-CONTROLLING INTEREST (NCI) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Noncontrolling Interests [Abstract] | |
NON-CONTROLLING INTEREST (NCI) | 10. NON-CONTROLLING INTEREST (NCI) The following table presents the summarized financial information for Evotech, TCTS, Mexmaken and T3 Ecuador, the Company's subsidiaries which have NCI's. This information represents amounts before intercompany eliminations. December 31, December 31, $ $ Current assets 1,094,709 1,145,246 Non-current assets 2,068,951 4,079,106 Current liabilities 12,291,899 14,046,168 Non-current liabilities 474,381 898,146 Revenues for the year ended 1,396,899 7,934,906 Net loss for the year ended (1,778,017 ) (1,150,056 ) The net change in non-controlling interest is as follows: Total $ Balance, December 31, 2019 (3,357,287 ) Share of loss for the year (1,772,196 ) Currency translation adjustment 597,026 Balance, December 31, 2020 (4,532,457 ) Change in ownership interest 1,992,413 Share of loss for the year (408,808 ) Currency translation adjustment 123,022 Balance, December 31, 2021 (2,825,830 ) As of December 31, 2021, the Company held a 50% ownership in TCTS, 90% ownership in Mexmaken, 91.25% ownership in Evolution and 90% ownership in T3 Ecuador with $1,754,611, $44,462, $1,020,454 and $6,303 (2020 - $953,706, $791,573, $2,787,178 and $ nil |
PREPAID EXPENSES AND DEPOSITS
PREPAID EXPENSES AND DEPOSITS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Prepaid Expenses And Deposits [Abstract] | |
PREPAID EXPENSES AND DEPOSITS | 11. PREPAID EXPENSES AND DEPOSITS 2021 2020 $ $ Prepaid expenses 451,435 82,216 Prepaid inventory - 5,974 Advances to suppliers 2,910,956 282,216 Other advances 814 607 Total prepaid expenses and deposits 3,363,205 371,013 Current portion 452,249 371,013 Long-term portion 2,910,956 - 3,363,205 371,013 |
DEFERRED COST
DEFERRED COST | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Deferred Cost [Abstract] | |
DEFERRED COST | 12. DEFERRED COST During the year ended December 31, 2021, the Company entered into a construction contract whereby the Company agreed to construct certain towers for a non-related party. In accordance with IFRS 15, the Company shall recognize the revenue for the construction of each tower upon completion of the tower. During the year ended December 31, 2021, the Company incurred $1,223,395 in deferred costs relating to the construction of the towers that had not been completed. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
INTANGIBLE ASSETS | 13. INTANGIBLE ASSETS Master lease $ Cost Balance, December 31, 2020 and 2019 1,982,354 Impairment (1,982,354 ) Balance, December 31, 2021 - Accumulated amortization Balance, December 31, 2019 379,926 Additions 245,070 Balance, December 31, 2020 624,696 Additions 302,564 Impairment (927,260 ) Balance, December 31, 2021 - Net book value Balance, December 31, 2020 1,357,658 Balance, December 31, 2021 - As at December 31, 2021, the Company had no tower structures or sites remaining under the master lease agreements as they had all been sold pursuant to the Asset Transfer Agreement (Note 15). As a result, the Company completed an impairment analysis in accordance with IAS 36 Impairment of Assets, and determined that the Company has no estimated future cash inflows derived from the continued use of the master lease agreements, and the value in use of the asset is $nil. As a result, the Company recognized impairment of $1,055,094 to reduce the carrying amount of the master lease agreements to $nil based on Level 3 of the fair value hierarchy. |
RIGHT-OF-USE ASSETS AND LEASE L
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of quantitative information about leases for lessee [abstract] | |
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES | 14. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES The Company has a lease agreement for its land lease. The continuity of the ROU asset for the years ended December 31, 2021 and 2020 are as follows: Right-of-use asset $ Balance, December 31, 2019 2,706,368 Additions 702,473 Cancellation (1,086,971 ) Depreciation (262,540 ) Impact of foreign exchange (375,830 ) Monetary adjustment for hyperinflationary economy 201,933 Balance, December 31, 2020 1,885,433 Addition 1,995,512 Cancellation (650,407 ) Depreciation (310,493 ) Impact of foreign exchange (383,451 ) Balance, December 31, 2021 2,536,594 The continuity of the lease liability for the years ended December 31, 2021 and 2020 are as follows: Lease liability $ Balance, December 31, 2019 2,703,129 Additions 702,473 Cancellation (1,199,643 ) Lease payments (553,130 ) Lease interest 374,216 Impact of foreign exchange (341,367 ) Balance, December 31, 2020 1,685,678 Additions 1,995,513 Cancellation (516,369 ) Lease payments (1,009,469 ) Lease interest 530,609 Impact of foreign exchange (353,557 ) Balance, December 31, 2021 2,332,405 Current portion 193,402 Long-term portion 2,139,003 2,332,405 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
PROPERTY AND EQUIPMENT | 15. PROPERTY AND EQUIPMENT During the years ended December 31, 2021 and 2020, due primarily to the cancellation of tenant lease agreements, an indicator of impairment existed resulting in a test of recoverable amount of the assets and recognition of an impairment loss of $393,478 and $441,292, respectively. A value in use calculation is not applicable as the Company does not have any expected cash flows from using the assets. In estimating the fair value less costs of disposal, management did not have observable or unobservable inputs to estimate the recoverable amount greater than $nil. As this valuation technique requires management's judgment and estimates of the recoverable amount, it is classified within Level 3 of the fair value hierarchy. During the year ended December 31, 2021, the Company entered into an Asset Transfer Agreement with a non-related party whereby the Company agreed to sell certain tower structures, sites, and related contracts located in Argentina for total proceeds of $3,870,126. On August 9, 2021, the Asset Transfer Agreement closed and all tower structures, sites and related contracts were transferred to the non-related party. Upon closing, the Company recognized the proceeds as revenue, and reclassified the carrying amount of the assets from property and equipment to cost of goods sold. Towers Construction in progress Furniture and equipment Total Cost $ $ $ $ Balance, December 31, 2019 8,646,258 485,220 381,408 9,512,886 Monetary adjustment for hyperinflationary economy 701,648 644,005 (101,325 ) 1,244,328 Additions - 2,502,896 35,722 2,538,618 Transfer from CIP to towers 1,574,686 (1,574,686 ) - - Reclasification to assets held for sale - (30,967 ) - (30,967 ) Towers sold (3,888,708 ) - - (3,888,708 ) Impaired/cancelled towers/equipment - (416,588 ) (24,704 ) (441,292 ) Foreign exchange movement (1,518,126 ) (15,623 ) (79,364 ) (1,613,113 ) Balance, December 31, 2020 5,515,758 1,594,257 211,737 7,321,752 Monetary adjustment for hyperinflationary economy - - 17,918 17,918 Additions 484,087 6,919,509 36,859 7,440,455 Transfer from CIP to towers 5,024,541 (5,024,541 ) - - Towers sold (2,351,025 ) (550,924 ) (11,997 ) (2,913,946 ) Impaired/cancelled towers/equipment - (393,478 ) - (393,478 ) Foreign exchange movement (1,126,886 ) (553,863 ) (21,943 ) (1,702,692 ) Balance, December 31, 2021 7,546,475 1,990,960 232,574 9,770,009 Accumulated Amortization Balance, December 31, 2019 741,248 - 39,592 780,840 Monetary adjustment for hyperinflationary economy 116,704 - 6,292 122,996 Additions 708,546 - 44,283 752,829 Tower sold (322,512 ) - (9,730 ) (332,242 ) Foreign exchange movement (165,439 ) - (12,360 ) (177,799 ) Balance, December 31, 2020 1,078,547 - 68,077 1,146,624 Monetary adjustment for hyperinflationary economy (48,406 ) - 2,002 (46,404 ) Additions 780,705 - 42,296 823,001 Towers sold (804,215 ) - (7,729 ) (811,944 ) Foreign exchange movement (221,134 ) - (5,137 ) (226,271 ) Balance, December 31, 2021 785,497 - 99,509 885,006 Net book value December 31, 2020 4,437,211 1,594,257 143,660 6,175,128 December 31, 2021 6,760,978 1,990,960 133,065 8,885,003 |
ASSETS HELD FOR SALE
ASSETS HELD FOR SALE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of analysis of single amount of discontinued operations [abstract] | |
ASSETS HELD FOR SALE | 16. ASSETS HELD FOR SALE During the year ended December 31, 2020, the Company entered into an asset purchase agreement with a third party whereby the Company agreed to sell certain towers in Argentina. The sale was not completed as of December 31, 2020, and accordingly the Company has reclassified the towers from property and equipment to assets held for sale on the consolidated statement of financial position. The carrying value reported represents the lower of the net book value and fair value less costs to sell. During the year ended December 31, 2021, the Company sold the assets held for sale towers of $30,967 for $36,961. During the year ended December 31, 2019, the Company entered into an asset purchase agreement with a third party whereby the Company agreed to sell certain towers in Argentina. The sale was not completed as of December 31, 2019, and accordingly the Company has reclassified the towers from property and equipment to assets held for sale on the consolidated statement of financial position. The carrying value reported represents the lower of the net book value and fair value less costs to sell. During the year ended December 31, 2020, the Company sold the assets held for sale towers of $751,726 for proceeds of $1,204,942. |
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of convertible debentures [Abstract] | |
CONVERTIBLE DEBENTURES | 17. CONVERTIBLE DEBENTURES Prior to December 2019 On June 12, 2018, the Company issued secured convertible debentures to a third party for gross proceeds of $1,000,000. The convertible debentures were due one year from the date of issuance and accrue interest at a rate of 1% per month, payable monthly. The third party had the option to convert the principal amounts into common shares of the Company at $0.20 per common share, subject to adjustment in certain events. In connection with the convertible debentures, the Company also issued 5,000,000 share purchase warrants to the holders exercisable at a price of $0.25 per common share for a period of one year. The Company also incurred cash debt issuance costs of $76,791. On November 13, 2018, the convertible debentures were amended for a new conversion price of $0.10 per common share. The share purchase warrants were also amended with an extended expiry date of November 13, 2019, and an updated exercise price of $0.125 per common share. In connection with the amendments, the Company issued 5,000,000 additional share purchase warrants to the purchasers exercisable at a price of $0.125 per common share, subject to certain adjustments in certain events with an expiry date of November 13, 2019. On November 13, 2018, the Company issued secured convertible debentures to a third party for gross proceeds of $500,000. The convertible debentures were due seven months from the date of issuance and accrue interest at a rate of 1% per month, payable monthly. The third party had the option to convert the principal amounts into common shares of the Company at $0.10 per common share until June 12, 2019, subject to adjustment in certain events. In connection with the convertible debentures, the Company also issued 5,000,000 share purchase warrants to the holders exercisable at a price of $0.125 per common share for a period of one year until November 13, 2019. The Company also incurred cash debt issuance costs of $46,295. In June 2019, the Company repaid $750,000 of the convertible debentures and extended the term with the existing lenders to November 2019. In consideration for the term extension of the convertible debentures, the Company reached an agreement with the lenders to amend existing warrants (the "Amended Warrants") that were issued to such lenders on June 12, 2018 (as amended on November 13, 2018) and November 13, 2018 in connection with the convertible debenture issuances and amendments. The Amended Warrants are exercisable at a price of $0.09 per common share and expire on November 13, 2019. In connection with the Amended Warrants, the Company also issued new common share purchase warrants (the "New Warrants") to each holder of the Amended Warrants, resulting in an aggregate of 15,000,000 New Warrants being issued. Each New Warrant entitled the holder thereof to acquire one common share of the Company at an exercise price of $0.09 per common share, with each New Warrant set to expire on November 13, 2020. The Company has the right to repurchase all of the Amended Warrants and New Warrants for $300,000 in aggregate at any time before their respective exp iry dates. In September 2019, the Company further extended the term with the existing lenders to December 2019. In consideration for the extension of financing terms with existing lenders, the Company reached an agreement with such lenders to pay a 10% penalty on the total outstanding amounts of the principal. During the year ended December 31, 2019, the Company paid the penalty of $75,000. In December 2019, the Company further extended the term with the existing lenders to February 2020. In consideration for the extension of financing terms with existing lenders, the Company reached an agreement with such lenders to pay a 1% penalty on the total outstanding amounts of the principal, as well as an additional 2% penalty on the total outstanding amounts of the principal to be added to the principal if the outstanding amounts are not repaid by January 14, 2020. During the year ended December 31, 2019, the Company paid the penalty of $7,500. Year ended December 31, 2020 In March 2020, the Company further extended the term with the existing lenders to June 2020. In consideration for the extension of financing terms with existing lenders, the Company reached an agreement with such lenders to pay a penalty to be satisfied by issuing 714,286 common shares. During the year ended December 31, 2020, the Company issued the 714,286 common shares, with a fair value of $24,286, and recorded the penalty as interest expense in the consolidated statement of comprehensive loss. In June 2020, the Company repaid the convertible debenture balance of $745,000 in full. With this repayment, the Company repaid in full the convertible debenture loan balance and discharged the security interest associated with the loan. A reconciliation of the convertible debentures is as follows: $ Balance at December 31, 2019 745,000 Cash items: Repayment of convertible debt (745,000 ) Balance at December 31, 2020 and 2021 - During the year ended December 31, 2021, the Company incurred interest expense of $nil (2020 - $19,280) on the convertible debentures. |
LOANS PAYABLE
LOANS PAYABLE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [abstract] | |
LOANS PAYABLE | 18. LOANS PAYABLE As at December 31, 2021 and 2020, the loans payable are summarized as follows: 2021 2020 Currency Terms $ $ a 1,423,139 1,356,793 USD Unsecured, due on demand b 317,330 - Colombian Pesos Secured, repayable quarterly until Oct 2027. c 2,538,643 - Colombian Pesos Secured, due on demand. d 3,820,652 412,567 Colombian Pesos Secured, due on completion of related projects e 5,288,629 614,265 Colombian Pesos Secured, due on April 2028 f 676,115 790,309 Colombian Pesos Unsecured, due on Oct 2023 g 42,677 79,567 Colombian Pesos Unsecured, repayable monthly until May 2023 h 93,468 150,984 Colombian Pesos Unsecured, repayable monthly until Dec 2023 i 121,221 148,245 Mexican Pesos Unsecured, due on demand j - 31,857 Argentine Pesos Unsecured, due on demand 14,321,874 3,584,587 4,208,925 3,440,732 Current portion of loans payable 10,112,949 143,855 Long term portion of loans payable 14,321,874 3,584,587 a) b) c) d) e) On September 14, 2021, the Company entered into a loan agreement with a lender whereby the Company was loaned a total of COP $40,463,000,000 for the purpose of funding the development of certain towers. The loan is secured against the towers funded by the loan proceeds as well as the economic rights for collection of tower rents relating to such towers, bears interest at 4.39% + IBR 6 months per annum, and is due in May 2031. As at December 31, 2021, a principal amount of $5,288,629 (COP $16,666,003,681) (2020 - $nil (COP $nil)) remains outstanding. f) g) h) i) j) During the year ended December 31, 2021, the interest rates on the loans payable ranged from 0% to 18% (2020 - 0% to 41%). During the year ended December 31, 2021, the Company has incurred interest expense of $432,576 (2020 - $144,473) on the loans payable, of which $307,863 (US$240,875) (2020 - $88,018 (US$64,725)) remains payable and has been recorded within interest payable on the consolidated statement of financial position. |
BONDS PAYABLE
BONDS PAYABLE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Bonds Payable [Abstract] | |
BONDS PAYABLE | 19. BONDS PAYABLE Prior to December 31, 2019, the Company issued a total of 19,543 bonds at a price of $100 each for gross proceeds of $1,954,300. The bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% paid monthly, and mature September 21, 2021. During the year ended December 31, 2021, the Company repaid 1,707 (2020 - nil) bonds through cash payments totaling $170,700 (2020 - $ nil On October 20, 2021, the Company issued 72 Class B Units for aggregate proceeds of $7,200. Each Class B Unit consisted of one Class B Bond and 50 Class A Common Shares of the Company. The Class B Bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% payable monthly, and mature on September 30, 2023. The $7,200 proceeds for the Class B Units were allocated to the 3,600 Class A Common Shares for $696 and the 72 Class B Bonds for $6,504. In connection with the issuance of the Units, the Company issued 4,267 Agent Warrants and paid a cash commission of $576. The Agent Warrants are exercisable at a price of $0.125 per share for a period of 36 months from the date of issuance. The 4,267 Agent Warrants were issued on October 19, 2021 with a fair value of $372 as calculated using the Black-Scholes option pricing model. The total debt financing costs of $948 were allocated to the Class B Bonds as debt issuance costs for $856, which will be amortized over the term of the Bonds at the effective interest rate and to the issuance of 3,600 Class A Common Shares for $92, which were recognized as share issuance costs On November 16, 2021, the Company issued 37 Class A Units and 437 Class B Units for aggregate proceeds of $3,700 and $43,700, respectively. Each Class A Unit consisted of one Class A Bond and 25 Class A Common Shares of the Company. Each Class B Unit consisted of one Class B Bond and 50 Class A Common Shares of the Company. The Class A Bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% payable monthly, and mature on September 30, 2022. The Class B Bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% payable monthly, and mature on September 30, 2023. The $3,700 proceeds for the Class A Units were allocated to the 925 Class A Common Shares for $174 and the 37 Class A Bonds for $3,526. The $43,700 proceeds for the Class B Units were allocated to the 21,850 Class A Common Shares for $4,085 and the 437 Class B Bonds for $39,615. In connection with the issuance of the Units, the Company issued 36,114 Agent Warrants and paid a cash commission of $3,681. The Agent Warrants are exercisable at a price of $0.105 per Share for a period of 36 months from the date of issuance. The 36,114 Agent Warrants were issued on November 16, 2021 with a fair value of $2,260 as calculated using the Black-Scholes option pricing model. The total debt financing costs of $5,941 were allocated to the Class A Bonds as debt issuance costs for $344, which will be amortized over the term of the Bonds at the effective interest rate, to the Class B Bonds as debt issuance costs for $5,061, which will be amortized over the term of the Bonds at the effective interest rate, and to the issuance of 22,775 Class A Common Shares for $536, which were recognized as share issuance costs. On December 14, 2021, the Company issued 167 Class A Units and 786 Class B Units for aggregate proceeds of $16,700 and $78,600, respectively. Each Class A Units consisted of one Class A Bond and 25 Class A Common Shares of the Company. Each Class B Units consisted of one Class B Bond and 50 Class A Common Shares of the Company. The Class A Bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% payable monthly, and mature on September 30, 2022. The Class B Bonds are secured against all present and after-acquired personal property of the Company, incur interest at a rate of 10% payable monthly, and mature on September 30, 2023. The $16,700 proceeds for the Class A Units were allocated to the 4,175 Class A Common Shares for $719 and the 167 Class A Bonds for $15,981. The $78,600 proceeds for the Class B Units were allocated to the 39,300 Class A Common Shares for $7,086 and the 786 Class B Bonds for $71,514. In connection with the issuance of the Units, the Company issued 80,253 Agent Warrants and paid a cash commission of $7,123. The Agent Warrants are exercisable at a price of $0.095 per Share for a period of 36 months from the date of issuance. The 80,252 Agent Warrants were issued on December 14, 2021 with a fair value of $3,816 as calculated using the Black-Scholes option pricing model. The total debt financing costs of $10,939 were allocated to the Class A Bonds as debt issuance costs for $1,439, which will be amortized over the term of the Bonds at the effective interest rate, to the Class B Bonds as debt issuance costs for $8,586, which will be amortized over the term of the Bonds at the effective interest rate, and to the issuance of 43,475 Class A Common Shares for $914, which were recognized as share issuance costs. The fair value of the share purchase warrants were calculated using the Black-Scholes model using the following weighted average assumptions: 2021 2020 Share price at date of grant $ 0.074 - Exercise price $ 0.099 - Expected life 3 years - Expected volatility 134.05% - Risk free interest rate 1.05% - Expected dividend yield 0% - Expected forfeiture rate 0% - The fair value of the equity portion relating to the common shares, cash debt issuance costs and fair value of the share purchase warrants were applied against the carrying value of the bonds. During the year ended December 31, 2021, the Company recorded an amortization expense related to the debt issuance costs of $72,673 (2020 - $95,399) reducing the total discount to $27,922 (2020 - $71,549). As at December 31, 2021, the carrying value of the bonds are $1,905,577 (2020 - $1,882,750). During the year ended December 31, 2021, the Company has incurred interest expense of $192,188 (2020 - $195,973) on the bonds payable, of which $30,324 (2020 - $nil) remains payable and has been recorded within interest payable on the consolidated statement of financial position. |
RELATED PARTY TRANSACTIONS AND
RELATED PARTY TRANSACTIONS AND BALANCES | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |
RELATED PARTY TRANSACTIONS AND BALANCES | 20. RELATED PARTY TRANSACTIONS AND BALANCES Loans payable to related parties include loans and advances received from related individuals and companies related to directors and officers of the Company. As at December 31, 2021 and 2020, the Company has the following loan balances with related parties: 2021 2020 Currency Rate Terms $ $ 1,560,394 3,839,459 USD 12%-18% Unsecured, due on demand - 18,546 Colombian Pesos 0% Unsecured, due on demand - 12,743 Argentine Pesos 18% Unsecured, due on demand 1,560,394 3,870,748 During the year ended December 31, 2021, the Company has incurred interest expense of $702,495 (US$549,717) (2020 - $352,439 (US$262,994)) in connection with the related party loans noted above. As at December 31, 2021, $168,741 (2020 - $562,260) of unpaid interest and loan penalties have been included within interest payable on the consolidated statement of financial position. In September 2019, the Company consolidated loan balances with certain related party lenders and extended the maturity date of these amounts to March 30, 2020. In consideration for the extension of the maturity date of the loans, the Company agreed to issue 2,381,301 share purchase warrants to the holders. The share purchase warrants will be exercisable at a price of $0.09 per common share for a period of five years. As at December 31, 2021, these warrants have not yet been issued. Key management personnel receive compensation in the form of short-term employee benefits, share-based compensation, and post-employment benefits. Key management personnel include the Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer. The remuneration of key management is as follows (expressed in USD): 2021 2020 $ $ Consulting fees paid to the CEO 267,392 468,300 Consulting fees paid to the COO 207,165 320,300 Consulting fees paid to the CFO 17,000 336,300 491,557 1,124,900 The remuneration of the CEO/COO/CFO are included in professional fees and consulting in the consolidated statements of comprehensive loss. During the years ended December 31, 2021 and 2020, the Company did not grant stock options to directors or officers. As at December 31, 2021, $351,205 (2020 - $692,100) of related party payables are included in accounts payable and accrued liabilities in the consolidated statement of financial position. The amounts are non-interest bearing and due on demand. January 2019 In January 2019, the Company renegotiated the loans with three of the related party lenders to extend the maturity date of the loans. In consideration for the extension of the maturity date of the loans, the Company agreed to incur total penalties of $212,312 (US$160,000) which were added to the principal balance of the loans. In addition, the Company agreed to add the interest accrued as of the date of renegotiation of $539,236 (US$395,259) to the principal balance of the loans. The renegotiation of the loans was deemed to be an extinguishment of the original liabilities and $212,312 was recorded as a loss on extinguishment. September 2019 In September 2019, the Company consolidated loan balances with certain related party lenders and extended the maturity date of these amounts to March 30, 2020. In consideration for the extension of the maturity date of the loans, the Company agreed to issue 2,381,301 share purchase warrants to the holders with a fair value of $180,714. The share purchase warrants are exercisable at a price of $0.09 per common share for a period of five years. As at December 31, 2020, these warrants have not yet been issued. The fair value of the obligation to issue the share purchase warrants was calculated using the Black-Scholes model and the following weighted average assumptions: Share price at date of grant $0.08 Exercise price $0.09 Expected life 5 years Expected volatility 174.99% Risk free interest rate 1.49% Expected dividend yield 0% Expected forfeiture rate 0% The consolidation of the loans and the issuance of the warrants was deemed to be an extinguishment of the original liabilities and $180,714 was recorded as a loss on extinguishment. |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of classes of share capital [abstract] | |
SHARE CAPITAL | 21. SHARE CAPITAL a) Unlimited 1,500,000 1,000,000 As at December 31, 2021 and 2020, there were no preferred shares outstanding. b) During the year ended December 31, 2021: • • • • In connection with the issuance of the Units, the Company issued 36,114 Agent Warrants and paid a cash commission of $3,681. The Agent Warrants are exercisable at a price of $0.105 per Share for a period of 36 months from the date of issuance. The 36,114 Agent Warrants were issued on November 16, 2021 with a fair value of $2,260 as calculated using the Black-Scholes option pricing model. The total debt financing costs of $5,941 were allocated to the Class A Bonds as debt issuance costs for $344, to the Class B Bonds as debt issuance costs for $5,061, and to the issuance of 22,775 Class A Common Shares for $536, which was recognized as share issuance costs. • In connection with the issuance of the Units, the Company issued 80,253 Agent Warrants and paid a cash commission of $7,123. The Agent Warrants are exercisable at a price of $0.095 per Share for a period of 36 months from the date of issuance. The 80,252 Agent Warrants were issued on December 14, 2021 with a fair value of $3,816 as calculated using the Black-Scholes option pricing model. The total debt financing costs of $10,939 were allocated to the Class A Bonds as debt issuance costs for $1,439, to the Class B Bonds as debt issuance costs for $8,586, and to the issuance of 43,475 Class A Common Shares for $914, which was recognized as share issuance costs. During the year ended December 31, 2020: • There were no share issuances during the year ended December 31, 2019. c) A continuity of warrants for the years ended December 31, 2021 and 2020 is as follows: Number Weighted average $ Balance December 31, 2019 32,215,433 0.11 Expired (31,293,653 ) 0.11 Balance December 31, 2020 921,780 0.09 Issued 120,634 0.10 Expired (921,780 ) 0.09 Balance, December 31, 2021 120,634 0.10 During the year ended December 31, 2021, a total of 921,780 (2020 - 31,293,653) warrants expired unexercised. Upon expiry of the warrants, $33,535 (2020 - $597,632) was reclassified from contributed surplus to deficit. The following table summarizes the share purchase warrants outstanding and exercisable as at December 31, 2021: Number of warrants outstanding Exercise price Expiry date $ 4,267 0.125 October 19, 2024 36,114 0.105 November 16, 2024 80,253 0.095 December 14, 2024 120,634 As at December 31, 2021, the warrants outstanding have a weighted average life remaining of 2.93 years (2020 - 0.75 years). d) The Company has established a stock option plan for directors, employees, and consultants. Under the Company's stock option plan, the exercise price of each option is determined by the Board, subject to the Discounted Market Price policies of the Canadian Stock Exchange. The aggregate number of shares issuable pursuant to options granted under the plan is limited to 10% of the Company's issued shares at the time the options are granted. The aggregate number of options granted to any one optionee in a 12-month period is limited to 5% of the issued shares of the Company. There were no stock options granted during the years ended December 31, 2021 and 2020. A continuity of stock options for the years ended December 31, 2021 and 2020 is as follows: Number Weighted average $ Balance, December 31, 2021 and 2020 1,275,000 0.30 As at December 31, 2021, the following stock options were outstanding and exercisable: Options outstanding Options exercisable Exercise price Remaining life (years) Expiry Date $ 325,000 325,000 0.45 0.21 March 17, 2022 950,000 950,000 0.25 1.13 February 17, 2023 1,275,000 1,275,000 0.30 0.90 e) On September 8, 2021, the Company approved an Omnibus Equity Incentive Plan, which is designed to provide certain consultants of the Company with the opportunity to acquire Performance Share Units ("PSU's") of the Company as an award for achieving certain performance criteria. Each PSU represents the right to receive one common share of the Company and will become vested if the participant achieves the performance criteria within the performance cycle set forth in the grant notice. On September 8, 2021, the Company granted an aggregate of 2,000,000 PSU's to certain consultants. During the year ended December 31, 2021, the performance criteria was met and the 2,000,000 PSU's vested. Subsequent to the year ended December 31, 2021, the Company issued 2,000,000 common shares (Note 29). As at December 31, 2021, the Company recognized share-based compensation and shares issuable of $130,000 related to vested PSU's. |
CAPITAL DISCLOSURE
CAPITAL DISCLOSURE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Capital Disclosure [Abstract] | |
CAPITAL DISCLOSURE | 22. CAPITAL DISCLOSURE The Company manages its shareholders' deficiency, loans and convertible debts as capital. The Company's objective when managing capital is to safeguard the Company's ability to continue as a going concern in order to pursue the development of its assets and to maintain a flexible capital structure which optimizes the cost of capital at an acceptable risk. The Company manages the capital structure and adjusts it considering changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new shares, issue debt or acquire or dispose of assets. In order to facilitate the management of its capital requirements, the Company prepares expenditure budgets that are updated as necessary depending on various factors, including successful capital deployment and general industry conditions. As at December 31, 2021, the shareholders' deficiency was $14,798,215 (2020 - $11,443,589). The Company is not subject to any externally imposed capital requirements. The Company did not change its approach to capital management during the year ended December 31, 2021. |
FINANCIAL INSTRUMENTS AND RISK
FINANCIAL INSTRUMENTS AND RISK | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [abstract] | |
FINANCIAL INSTRUMENTS AND RISK | 23. FINANCIAL INSTRUMENTS AND RISK As at December 31, 2021, the Company's financial instruments consist of cash, amounts receivable, accounts payable and accrued liabilities, customer deposits, interest payable, convertible debentures, loans payable, loans from related parties, bonds payable and lease liabilities. The Company provides information about financial instruments that are measured at fair value, grouped into Level 1 to 3 based on the degree to which the inputs used to determine the fair value are observable. a. b. c. Cash is measured using level 1 fair value inputs. The carrying values of the amounts receivable, accounts payable and accrued liabilities, customer deposits, interest payable, convertible debentures and loans from related parties approximate their fair values because of the short-term nature of these instruments. The bond payable, loan payable and lease liabilities are classified as level 3. The Company is exposed in varying degrees to a variety of financial instrument related risks. The Board of Directors approves and monitors the risk management processes, inclusive of documented investment policies, counterparty limits, and controlling and reporting structures. The type of risk exposure and the way in which such exposure is managed is provided as follows: Credit Risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. To minimize the credit risk the Company places cash with a high credit quality financial institution. With respect to its accounts receivable, the Company assesses the credit rating of all customers and maintains provisions for potential credit losses, and any such losses to date have been within management's expectations. The Company's credit risk with respect to accounts receivable and maximum exposure thereto is $4,819,388 (2020 - $1,166,502). Accounts receivable are shown net of provision of credit losses of $7,617 (2020 - $36,381). The following table summarizes the amounts that make up accounts receivable: 2021 2020 $ $ Accounts receivable 2,996,655 198,801 Accruals 900,675 400,020 Taxes receivable 862,528 491,658 Other receivables 59,530 76,023 Total accounts receivable 4,819,388 1,166,502 The following table summarizes the aging of accounts receivable as at December 31, 2021: Carrying Current 0 - 30 Days 31 - 60 Days 61 - 90 Days > 90 Days $ $ $ $ $ $ Accounts receivable 2,996,655 2,717,464 151,481 29,711 3,621 94,378 Liquidity Risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company's objective in managing liquidity risk is to ensure that it has sufficient liquidity available to meet its liabilities when due. The Company uses cash to settle its financial obligations as they fall due. The ability to do this relies on the Company's ability to collect its revenue in a timely manner, continuous support from shareholders and investors and maintain sufficient cash on hand. To the extent that the Company does not believe it has sufficient liquidity to meet its current obligations, the Board of Directors considers securing additional funds through issuances of equity and debt or partnering transactions. The Company monitors its risk of shortage of funds by monitoring the maturity dates of existing trade and other accounts payable. The following table summarizes the maturities of the Company's financial liabilities as at December 31, 2021 based on the undiscounted contractual cash flows: Carrying amount Contractual cash flows Less than 1 year 1 - 3 years 4 - 5 Years After 5 years $ $ $ $ $ $ Accounts payable and accrued liabilities 10,039,853 10,039,853 10,039,853 - - - Interest payable 668,805 668,805 294,826 - - 373,979 Loans payable 14,321,874 14,321,874 4,208,925 232,288 95,266 9,785,395 Loans from related parties 1,560,394 1,560,394 1,560,394 - - - Bonds payable 1,905,577 1,905,577 - 1,905,577 - - Lease liability 2,332,405 8,871,097 790,036 2,370,107 1,397,191 4,389,367 Total 30,828,908 37,367,600 16,894,034 4,507,973 1,492,456 14,548,741 The Company has a working capital deficiency as of December 31, 2021 of $16,749,316. Customer deposits consist of funds received from customers in advance of towers sold. As of December 31, 2021, the Company received $5,301,501 (2020 - $5,621,307) in customer deposits. Currency Risk The Company generates revenues and incurs expenses and capital expenditures primarily in Canada, Colombia, Argentina, USA and Mexico and is exposed to the resulting risk from changes in foreign currency exchange rates. Some administrative and head office related expenses are incurred in Canada. In addition, the Company holds financial assets and liabilities in foreign currencies that expose the Company to foreign exchange risks. Assuming all other variables remain constant, a 7% (2020 - 17%) weakening or strengthening of the Colombia Peso, Argentine Peso, US dollar and Mexican Peso against the Canadian dollar would result in approximately $1,639,528 (2020 - $470,007) foreign exchange loss or gain in the consolidated statement of comprehensive loss. The Company has not hedged its exposure to currency fluctuations. At December 31, 2021, the Company had the following financial instruments denominated in foreign currencies: Argentine Colombian Mexican Pesos United States Dollars Total $ $ $ $ $ Cash 95,002 750,276 8,891 130,955 985,125 Amounts receivable 433,233 6,608,587 419,240 692 7,461,725 Accounts payable and accrued liabilities (159,733 ) (7,145,543 ) (584,213 ) (480,830 ) (8,370,319 ) Customer deposits - (4,382,299 ) (917,284 ) (1,917 ) (5,301,501 ) Interest payable - (465,313 ) - - (465,313 ) Lease liability - (2,244,504 ) (87,901 ) - (2,332,405 ) Loans payable - (12,777,514 ) (121,221 ) - (12,898,735 ) Net 368,502 (19,656,310 ) (1,282,488 ) (351,100 ) (20,921,396 ) Interest Rate Risk Interest rate risk is the risk that future cash flows of the Company's assets and liabilities can change due to a change in interest rates. Loans payable have a fixed interest rate between 12% and 18%, and cash earns interest at a nominal rate. The Company is not exposed to significant interest rate risk. Fair value estimates of financial instruments are made at a specific point in time, based on relevant information about financial markets and specific financial instruments. As these estimates are subjective in nature, involving uncertainties and matters of significant judgment, they cannot be determined with precision. Changes in assumptions can significantly affect estimated fair values. |
ECONOMIC DEPENDENCE
ECONOMIC DEPENDENCE | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of acquisition of economic dependence [Abstract] | |
ECONOMIC DEPENDENCE | 24. ECONOMIC DEPENDENCE For the year ended December 31, 2021, 82% of total revenues were generated with three major customers (2020 - 75% with two major customers). The loss of one or more of these customers could have a material adverse effect on the Company's financial position and results of operations. The following table represents sales to individual customers exceeding 10% of the Company's annual revenues for the years ended December 31, 2021 and 2020: 2021 2020 $ $ Customer A 4,345,189 5,134,327 Customer B 2,997,731 1,871,092 Customer C 1,429,481 N/A |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended |
Dec. 31, 2021 | |
Supplemental Cash Flow Information [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION | 25. SUPPLEMENTAL CASH FLOW INFORMATION 2021 2020 2019 $ $ $ Changes in non-cash working capital items: Amounts receivable (3,892,623 ) 542,054 (1,341,845 ) Prepaid expenses and deposits (3,200,676 ) (131,697 ) 83,535 Deferred Cost (1,223,395 ) - - Unbilled revenues - 111,845 (107,099 ) Other receivable - - 67,143 Bank indebtedness - - (39,464 ) Accounts payable and accrued liabilities 4,581,698 612,050 (725,292 ) Interest payable 18,527 292,365 488,997 Deferred revenue (278,443 ) (167,096 ) 259,182 Customer deposits 431,106 1,184,170 8,470,889 Income tax payable (2,363 ) 247,500 373,196 (3,566,169 ) 2,691,191 7,529,242 |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
SEGMENTED INFORMATION | 26. SEGMENTED INFORMATION The Company has three operating segments, which are the locations in which the Company operates. The reportable segments are the Company's Argentinian, Colombian, American and Mexican operations. A breakdown of revenues, short-term assets, long-term assets and net income for each reportable segment as at and for the years ended December 31, 2021 and 2020 is reported below. Argentina Colombia Mexico United States of Other Total $ $ $ $ $ $ December 31, 2021: Current assets 534,112 6,043,886 428,915 128,887 418,618 7,554,418 Property and equipment 18,445 10,668,693 1,767,875 38,753 (697,807 ) 11,793,959 Other non-current assets - 2,375,403 161,191 - - 2,536,594 Total assets 552,557 19,087,982 2,357,981 167,640 (279,189 ) 21,886,971 Revenues: Tower rental revenue 678,002 2,014,364 147,902 - - 2,840,268 Service revenue - 3,416,385 - - 2,182,516 5,598,901 Sales of towers 2,238,087 - 10,370 - - 2,248,457 Total revenues 2,916,089 5,430,749 158,272 - 2,182,516 10,687,626 Net income (loss) (1,287,808 ) 1,083,294 (611,696 ) 14,443 (3,792,521 ) (4,594,288 ) Argentina Colombia Mexico United States of Other Total $ $ $ $ $ $ December 31, 2020: Current assets 679,144 448,193 465,316 1,938 96,650 1,691,241 Property and equipment 2,680,675 2,989,580 437,596 51,278 15,999 6,175,128 Other non-current assets 773,279 976,278 135,876 - 1,357,658 3,243,091 Total assets 4,133,098 4,414,051 1,038,788 53,216 1,470,307 11,109,460 Revenues: Tower rental revenue 945,647 550,418 278,281 - - 1,774,346 Service revenue - - - 346,317 626,319 972,636 Sales revenue 1,244,773 14,439 5,119,888 - - 6,379,100 Total revenues 2,190,420 564,857 5,398,169 346,317 626,319 9,126,082 Net income (loss) (2,388,551 ) 328,258 1,078,190 1,261,084 (3,953,285 ) (3,674,304 ) |
LEGAL DISCLOSURE
LEGAL DISCLOSURE | 12 Months Ended |
Dec. 31, 2021 | |
Legal Proceedings Provision Abstract | |
LEGAL DISCLOSURE | 27. LEGAL DISCLOSURE a) b) |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |
INCOME TAXES | 28. INCOME TAXES The tax effect (computed by applying the federal and provincial/state statutory rates in the jurisdictions the Company and its subsidiary operate) of the significant temporary differences, which comprise deferred income tax assets and liabilities, are as follows: 2021 2020 $ $ Net loss before income taxes (4,594,288 ) (3,674,304 ) Statutory income tax rate 27% 27% Income tax recovery (1,240,458 ) (992,062 ) Differences between Canadian and foreign tax rates (83,782 ) (95,362 ) Permanent differences and others (249,362 ) (76,522 ) Impact of foreign exchange (125,223 ) 142,767 Under provided in prior years 96,482 363,357 Effect of change in income tax rates 4,187 164,204 Temporary differences 1,657,957 316,758 Change in unrecognized losses 25,468 363,420 85,269 186,560 Current income tax expense 85,269 186,560 Deferred income tax recovery - - - - The tax effected items that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities at December 31, 2021 and 2020 are as follows: 2021 2020 $ $ Deferred income tax assets: Non-capital loss carry-forwards 88,066 487,721 Property and equipment 23,524 - Lease liabilities 722,166 501,470 Deferred income tax assets 833,756 989,191 Deferred income tax liabilities: Excess of carrying value over tax value of right-of-use assets (784,732 ) (561,508 ) Excess of carrying value over tax value of intangible assets (10,084 ) (389,728 ) Excess of carrying value over tax value of bonds payable (38,940 ) (19,317 ) Excess of carrying value over property and equipment - (18,638 ) Unrecognized deductible temporary differences (833,756 ) (989,191 ) Unrecognized deductible temporary differences - - Significant unrecognized tax benefits and unused taxes for which no deferred tax assets are recognized as of December 31, 2021 and 2020 are as follows: 2021 2020 $ $ Non-capital losses carried forward 25,418,239 24,441,678 Property and equipment 3,426 7,337 Share issuance costs 333 17,556 Capital losses carried forward 3,294,836 3,294,836 Lease liabilities 36,157 36,157 Unrecognized deductible temporary differences 28,752,991 27,797,564 As at December 31, 2021, the Company has non-capital losses carried forward of approximately $25,666,000 (2020 - $26,814,000) including $19,967,000 (2020 - $19,956,000) in Canada, $5,233,000 (2020 - $4,012,000) in Argentina, $ nil nil |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
SUBSEQUENT EVENTS | 29. SUBSEQUENT EVENTS The following events occurred subsequent to December 31, 2021: On January 10, 2022, the Company issued 2,000,000 common shares in relation to PSUs that vested during the year ended December 31, 2021 (Note 21 (e)). On January 18, 2022, the Company settled a debt in the amount of $1,039,751 owed by the Company to a certain creditor in exchange for 16,273,267 common shares at a deemed price of $0.064 On March 17, 2022, 325,000 stock options expired (Note 21). The Company repaid a total of $146,000 of bonds payable, in which a total of $207,700 was subject to repayment as at December 31, 2021. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Loss per share | Loss per share Basic loss per share is computed by dividing the net loss for the period by the weighted average number of common shares outstanding during the period. To compute diluted loss per share, adjustments are made to common shares outstanding. The weighted average number of common shares outstanding is adjusted to include the number of additional common shares that would be outstanding if, at the beginning of the period or at time of issuance, all options and warrants were exercised. The proceeds from exercise are assumed to be used to purchase the Company's common shares at their average market price during the period. For the years presented, this calculation proved to be anti-dilutive. |
Revenue recognition | Revenue recognition The Company generates revenues from the supply of various goods and services. i. Leases in which a significant portion of the risks and rewards of ownership are retained by the Company are classified as operating leases. Assets under operating leases are included in property and equipment. Leasing revenue from operating leases is recognized as the leasing services are provided. ii. Tower sales revenue is recognized when the control over the tower is transferred to the customer. The Company recognizes revenue after: the contract is identified; performance obligations are identified; the transaction price is determined; the transaction price is allocated to the various performance obligations (if multiple performance obligations are identified); and ultimately, once the performance obligation is satisfied. iii. Revenues from consulting, installation, technical and maintenance services are recognized when the services are completed. Unbilled revenues represents services performed but not yet billed. |
Foreign currency translation | Foreign currency translation The results and financial position of a subsidiary whose functional currency is not the currency of a hyperinflationary economy is translated into the presentation currency using the following procedures: i. ii. iii. For practical reasons, a rate that approximates the exchange rates at the dates of the transactions, for example an average rate for the period, is often used to translate income and expense items. For the year ended December 31, 2021, an unrealized foreign exchange translation gain of $1,139,917 (2020 - $508,446) was recorded under accumulated other comprehensive loss as a result of changes in the value of the Colombian Peso, Argentine Peso, Mexican Peso and US dollars with respect to the Canadian dollar. The results and financial position of a subsidiary whose functional currency is the currency of a hyperinflationary economy are translated into the presentation currency using the following procedures: i. ii. When an entity's functional currency is the currency of a hyperinflationary economy, the entity shall restate its financial statements in accordance with IAS 29 Financial Reporting in Hyperinflationary Economies |
Property and equipment | Property and equipment Property and equipment is stated at cost less accumulated amortization and accumulated impairment loss. Amortization expense for towers begins in the month of transfer of each tower from construction in progress to towers. Costs not clearly related to the procurement, manufacturing and implementation are expensed as incurred. Towers represent cellular towers owned by the Company. The towers are operated at various sites and under contractual license agreements. • • Costs of assets in the course of construction are capitalized as construction in progress. Upon completion, the cost of construction is transferred to the appropriate category of property and equipment and amortization commences when the asset is available for its intended use. An asset's residual value, useful life and amortization method are reviewed at each financial year end and adjusted if appropriate. When parts of an item of equipment have different useful lives, they are accounted for as separate items (major components) of equipment. Gains and losses on disposal of an item of equipment are determined by comparing the proceeds from disposal with the carrying amount of the equipment and are recognized in profit or loss. |
Intangible assets | Intangible assets Intangible assets consist of master lease agreement acquired by the Company. Acquired lease agreements are carried at cost less accumulated amortization and impairment losses. Intangible assets with indefinite lives are not amortized but are tested annually for impairment. Any impairment of intangible assets is recognized in the consolidated statement of comprehensive loss but increases in intangible asset values are not recognized subsequently. Amortization expense for intangible assets is calculated on the straight-line basis over its estimated useful life. Estimated useful lives of intangible assets are the shorter of the economic life and the period the right is legally enforceable. The assets' useful lives are reviewed, and adjusted if appropriate, at each statement of financial position date. The useful life of the Company's intangible assets, consisting of master lease agreements, is estimated to be 10 years. |
Impairment | Impairment Non-financial assets are tested for impairment whenever events or changes in circumstances indicate that an asset's carrying amount may be less than its recoverable amount. Management uses its judgment to estimate these inputs and any changes to these inputs could have a material impact on the impairment calculation. For impairment testing, non-financial assets that do not generate independent cash flows are grouped together into CGU, which represent the levels at which largely independent cash flows are generated. An impairment loss is recognized in earnings to the extent that the carrying value of an asset, CGU or group of CGU's exceeds its estimated recoverable amount. The recoverable amount of an asset, CGU or group of CGU's is the greater of its value in use and its fair value less cost to sell. Value in use is calculated as the present value of the estimated future cash flows discounted at appropriate pre -tax discount rates. An impairment loss relating to a specific asset reduces the carrying value of the asset. An impairment loss relating to a group of CGU's is allocated on a pro-rata basis to reduce the carrying value of the assets in the units comprising the group. A previously recognized impairment loss related to non- financial assets is assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss related to non-financial assets is reversed if there is a subsequent increase in the recoverable amount. An impairment loss is reversed only to the extent that the asset's carrying value does not exceed the carrying value that would have been determined, net of depreciation or amortization, if no loss had been recognized. |
Share capital | Share capital Common shares are classified as equity. Transaction costs directly attributable to the issue of common shares and share options are recognized as a deduction from equity, net of any tax effects. Common shares issued for consideration other than cash, are valued based on their market value at the date the shares are issued. The Company applies the residual value method with respect to the measurement of shares and warrants issued as private placement units. The residual value method first allocates value to the more easily measurable component based on fair value and then the residual value, if any, to the less easily measurable component. The Company considers the fair value of common shares issued in a private placement to be the more easily measurable component and the common shares are valued at their fair value, as determined by the closing quoted bid price on the announcement date. The balance, if any, is allocated to the attached warrants. Any fair value attributed to the warrants is recorded as contributed surplus. |
Share-based compensation | Share-based compensation Share-based compensation to employees are measured at the fair value of the instruments issued and amortized over the vesting periods. Share-based compensation to non-employees are measured at the fair value of the goods or services received or the fair value of the equity instruments issued, if it is determined the fair value of the goods or services cannot be reliably measured, and are recorded at the date the goods or services are received. The amount recognized as an expense is adjusted to reflect the number of awards expected to vest. The offset to the recorded cost is to contributed surplus. Consideration received on the exercise of stock options is recorded as share capital and the related amount in contributed surplus is transferred to share capital. Charges for options that are forfeited before vesting are reversed from contributed surplus. For those options that expire or are forfeited after vesting, the recorded value is transferred to deficit. |
Income taxes | Income taxes Income tax expense consisting of current and deferred tax expense is recognized in the consolidated statement of comprehensive loss. Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at period-end, adjusted for amendments to tax payable with regard to previous years. Deferred tax assets and liabilities and the related deferred income tax expense or recovery are recognized for deferred tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted or substantively enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that substantive enactment occurs. A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. To the extent that the Company does not consider it probable that a deferred tax asset will be recovered, the deferred tax asset is reduced. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis. |
Provisions | Provisions Provisions are recorded when a present legal or constructive obligation exists as a result of past events where it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the amount of the obligation can be made. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the statement of financial position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount receivable can be measured reliably. |
Financial instruments | Financial instruments Financial assets - Classification The Company classifies its financial assets in the following categories: • • The classification depends on the Company's business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses are either recorded in profit or loss or OCI. Financial assets - Measurement At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss ("FVTPL"), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVTPL are expensed in profit or loss. Financial assets are considered in their entirety when determining whether their cash flows are solely payment of principal and interest. Subsequent measurement of financial assets depends on their classification. • • • The Company has classified its cash and amounts receivables as FVTPL. Financial liabilities The Company classifies its financial liabilities into the following categories: • • A financial liability is classified as at FVTPL if it is classified as held-for-trading or is designated as such on initial recognition. Directly attributable transaction costs are recognized in profit or loss as incurred. The fair value changes to financial liabilities at FVTPL are presented as follows: • • The Company does not designate any financial liabilities at FVTPL. Other non-derivative financial liabilities are initially measured at fair value less any directly attributable transaction costs. Subsequent to initial recognition, these liabilities are measured at amortized cost using the effective interest method. The Company has classified its accounts payable and accrued liabilities, interest payable, convertible debentures, loans payable, loans from related parties, customer deposits, bonds payable and lease liability as amortized cost. Convertible debentures The component parts of compound instruments (convertible debentures) issued by the Company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument. Conversion option that will be settled by the exchange of a fixed amount of cash or another financial asset for a fixed number of the Company's own equity instruments is an equity instrument. At the date of issue, the fair value of the liability component is estimated using the prevailing market interest rate for similar non-convertible instruments. This amount is recorded as a liability on an amortized cost basis using the effective interest method until extinguished upon conversion. The conversion option classified as equity is determined by deducting the fair value of the liability component from the face value of the compound instrument as a whole. This is recognized and included in equity, net of income tax effects, and is not subsequently remeasured. In addition, the conversion option classified as equity will remain in equity until the conversion option is exercised, in which case, the balance recognized in equity will be transferred to share capital. When the conversion option remains unexercised at the maturity date of the convertible note, the balance recognized in equity will be transferred to deficit. No gain or loss is recognized in the profit or loss upon conversion or expiration of the conversion option. Transaction costs that relate to the issue of the convertible notes are allocated to the liability and equity components in proportion to the allocation of the gross proceeds. Transaction costs relating to the equity component are recognized directly in equity. Transaction costs relating to the liability component are included in the carrying amount of the liability component and are amortized over the lives of the convertible notes using the effective interest method. Substantial modification of convertible debentures Modification is deemed to be substantial if the net present value of the cash flows under the modified terms, including any fees paid or received, is a least 10 percent different from the net present value of the remaining cash flows of the liability prior to the modification, both discounted at the original effective interest rate of the liability prior to the modification. A substantial modification of the terms of an existing financial liability is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The consideration paid, represented by the fair value of the modified convertible debentures are allocated to the liability and equity components of the original convertible debentures at the date of the extinguishment. The method used in allocating the consideration paid and transaction costs to the separate components of the original convertible debentures is consistent with that used in the original allocation to the separate components of the original convertible debentures of the proceeds received by the Company when the original convertible debentures were issued. Once the allocation of the consideration is made, any resulting gain or loss is treated as follows: • • |
Joint arrangements | Joint arrangements The Company applies IFRS 11 Joint Arrangements When the Company undertakes its activities under joint operations, the Company as a joint operator recognizes in relation to its interest in a joint operation: • • • • • The Company accounts for the assets, liabilities, revenues and expenses relating to its interest in a joint operation in accordance with the IFRSs applicable to the particular assets, liabilities, revenues and expenses. |
Leases | Leases At inception, the Company assesses whether a contract contains an embedded lease. A contract contains a lease when the contract conveys a right to control the use of an identified asset for a period of time in exchange for consideration. The Company, as lessee, is required to recognize a right-of-use asset ("ROU asset"), representing its right to use the underlying asset, and a lease liability, representing its obligation to make lease payments. The Company recognizes a ROU asset and a lease liability at the commencement of the lease. The ROU asset is initially measured based on the present value of lease payments, plus initial direct cost, less any incentives received. It is subsequently measured at cost less accumulated amortization, impairment losses and adjusted for certain remeasurements of the lease liability. The ROU asset is amortized from the commencement date over the shorter of the lease term or the useful life of the underlying asset. The ROU asset is subject to testing for impairment if there is an indicator of impairment. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by the interest rate implicit in the lease, or if that rate cannot be readily determined, the incremental borrowing rate. The incremental borrowing rate is the rate which the operation would have to pay to borrow over a similar term and with similar security, the funds necessary to obtain an asset of similar value to the ROU asset in a similar economic environment. Lease payments included in the measurement of the lease liability are comprised of: • • • • • • • The lease liability is subsequently increased by the interest cost on the lease liability and decreased by lease payments made. It is remeasured when there is a change in future lease payments arising from a change in an index or a rate, a change in the estimate of the amount expected to be payable under a residual value guarantee, or as appropriate, changes in the assessment of whether a purchase or extension option is reasonably certain to be exercised or a termination option is reasonably certain not to be exercised. Variable lease payments that do not depend on an index or a rate not included in the initial measurement of the ROU asset and lease liability are recognized as an expense in profit or loss in the period in which they are incurred. |
STATEMENT OF COMPLIANCE AND B_2
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Statement Of Compliance And Basis Of Presentation [Abstract] | |
Schedule of Consolidated Financial Statements | Entity Country Percentage of Functional currency 2021 2020 Subsidiaries Tower One Wireless Corp. ("Tower One") Canada Parent Parent Canadian dollar Tower Two SAS ("Tower Two") Argentina 100% 100% Argentine Peso Tower Three SAS ("Tower Three") Colombia 100% 100% Colombian Peso Tower 3 SA ("Tower 3") Argentina 100% 100% Argentine Peso Innervision SAS ("Innervision") Colombia 100% 100% Colombian Peso Evolution Technology SA ("Evolution") Argentina 91.25% 65% Argentine Peso Tower Construction & Technical Services, LLC ("TCTS") USA 50% 50% US dollar Tower One Wireless Mexico S.A. de C.V. ("Mexmaken") Mexico 90% 90% Mexican Peso Towerthree Wireless del Ecuador S.A. ("T3 Ecuador") Ecuador 90% N/A US dollar |
ACQUISITION OF EVOLUTION TECH_2
ACQUISITION OF EVOLUTION TECHNOLOGY SA (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Acquisition Of Evolution Technology SAAbstract | |
Schedule of Consideration paid | $ Consideration paid 605,764 Net change to non-controlling interest (26.25%/35%*$2,656,655) 1,992,491 Net change to AOCI (26.25%/35%*$192,974) 144,729 Increase in equity attributable to the Company 2,742,984 |
ACQUISITION OF TOWERTHREE WIR_2
ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Business Combinations [abstract] | |
Schedule of Assets Acquired and Liabilities Assumed | Fair value of T3 Ecuador net assets acquired $ Cash 1,296 Taxes receivable 9,012 Property and equipment 74,067 Intangible asset 1,624 Accounts payable (399 ) Loans from related parties (84,680 ) Total fair value of T3 Ecuador net assets acquired 920 |
NON-CONTROLLING INTEREST (NCI)
NON-CONTROLLING INTEREST (NCI) (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Noncontrolling Interests [Abstract] | |
Schedule of financial information for subsidiaries | December 31, December 31, $ $ Current assets 1,094,709 1,145,246 Non-current assets 2,068,951 4,079,106 Current liabilities 12,291,899 14,046,168 Non-current liabilities 474,381 898,146 Revenues for the year ended 1,396,899 7,934,906 Net loss for the year ended (1,778,017 ) (1,150,056 ) |
Schedule of net change in non-controlling interest | Total $ Balance, December 31, 2019 (3,357,287 ) Share of loss for the year (1,772,196 ) Currency translation adjustment 597,026 Balance, December 31, 2020 (4,532,457 ) Change in ownership interest 1,992,413 Share of loss for the year (408,808 ) Currency translation adjustment 123,022 Balance, December 31, 2021 (2,825,830 ) |
PREPAID EXPENSES AND DEPOSITS (
PREPAID EXPENSES AND DEPOSITS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Prepaid Expenses And Deposits [Abstract] | |
Schedule of prepaid expenses and deposit | 2021 2020 $ $ Prepaid expenses 451,435 82,216 Prepaid inventory - 5,974 Advances to suppliers 2,910,956 282,216 Other advances 814 607 Total prepaid expenses and deposits 3,363,205 371,013 Current portion 452,249 371,013 Long-term portion 2,910,956 - 3,363,205 371,013 |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of Intangible Assets | Master lease $ Cost Balance, December 31, 2020 and 2019 1,982,354 Impairment (1,982,354 ) Balance, December 31, 2021 - Accumulated amortization Balance, December 31, 2019 379,926 Additions 245,070 Balance, December 31, 2020 624,696 Additions 302,564 Impairment (927,260 ) Balance, December 31, 2021 - Net book value Balance, December 31, 2020 1,357,658 Balance, December 31, 2021 - |
RIGHT-OF-USE ASSETS AND LEASE_2
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of quantitative information about leases for lessee [abstract] | |
Schedule of Right-of-use asset and lease liability | Right-of-use asset $ Balance, December 31, 2019 2,706,368 Additions 702,473 Cancellation (1,086,971 ) Depreciation (262,540 ) Impact of foreign exchange (375,830 ) Monetary adjustment for hyperinflationary economy 201,933 Balance, December 31, 2020 1,885,433 Addition 1,995,512 Cancellation (650,407 ) Depreciation (310,493 ) Impact of foreign exchange (383,451 ) Balance, December 31, 2021 2,536,594 Lease liability $ Balance, December 31, 2019 2,703,129 Additions 702,473 Cancellation (1,199,643 ) Lease payments (553,130 ) Lease interest 374,216 Impact of foreign exchange (341,367 ) Balance, December 31, 2020 1,685,678 Additions 1,995,513 Cancellation (516,369 ) Lease payments (1,009,469 ) Lease interest 530,609 Impact of foreign exchange (353,557 ) Balance, December 31, 2021 2,332,405 Current portion 193,402 Long-term portion 2,139,003 2,332,405 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
Schedule of Property and Equipment | Towers Construction in progress Furniture and equipment Total Cost $ $ $ $ Balance, December 31, 2019 8,646,258 485,220 381,408 9,512,886 Monetary adjustment for hyperinflationary economy 701,648 644,005 (101,325 ) 1,244,328 Additions - 2,502,896 35,722 2,538,618 Transfer from CIP to towers 1,574,686 (1,574,686 ) - - Reclasification to assets held for sale - (30,967 ) - (30,967 ) Towers sold (3,888,708 ) - - (3,888,708 ) Impaired/cancelled towers/equipment - (416,588 ) (24,704 ) (441,292 ) Foreign exchange movement (1,518,126 ) (15,623 ) (79,364 ) (1,613,113 ) Balance, December 31, 2020 5,515,758 1,594,257 211,737 7,321,752 Monetary adjustment for hyperinflationary economy - - 17,918 17,918 Additions 484,087 6,919,509 36,859 7,440,455 Transfer from CIP to towers 5,024,541 (5,024,541 ) - - Towers sold (2,351,025 ) (550,924 ) (11,997 ) (2,913,946 ) Impaired/cancelled towers/equipment - (393,478 ) - (393,478 ) Foreign exchange movement (1,126,886 ) (553,863 ) (21,943 ) (1,702,692 ) Balance, December 31, 2021 7,546,475 1,990,960 232,574 9,770,009 Accumulated Amortization Balance, December 31, 2019 741,248 - 39,592 780,840 Monetary adjustment for hyperinflationary economy 116,704 - 6,292 122,996 Additions 708,546 - 44,283 752,829 Tower sold (322,512 ) - (9,730 ) (332,242 ) Foreign exchange movement (165,439 ) - (12,360 ) (177,799 ) Balance, December 31, 2020 1,078,547 - 68,077 1,146,624 Monetary adjustment for hyperinflationary economy (48,406 ) - 2,002 (46,404 ) Additions 780,705 - 42,296 823,001 Towers sold (804,215 ) - (7,729 ) (811,944 ) Foreign exchange movement (221,134 ) - (5,137 ) (226,271 ) Balance, December 31, 2021 785,497 - 99,509 885,006 Net book value December 31, 2020 4,437,211 1,594,257 143,660 6,175,128 December 31, 2021 6,760,978 1,990,960 133,065 8,885,003 |
CONVERTIBLE DEBENTURES (Tables)
CONVERTIBLE DEBENTURES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of convertible debentures [Abstract] | |
Schedule of maturity of convertible debentures | $ Balance at December 31, 2019 745,000 Cash items: Repayment of convertible debt (745,000 ) Balance at December 31, 2020 and 2021 - |
LOANS PAYABLE (Tables)
LOANS PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [abstract] | |
Schedule of Loans Outstanding | 2021 2020 Currency Terms $ $ a 1,423,139 1,356,793 USD Unsecured, due on demand b 317,330 - Colombian Pesos Secured, repayable quarterly until Oct 2027. c 2,538,643 - Colombian Pesos Secured, due on demand. d 3,820,652 412,567 Colombian Pesos Secured, due on completion of related projects e 5,288,629 614,265 Colombian Pesos Secured, due on April 2028 f 676,115 790,309 Colombian Pesos Unsecured, due on Oct 2023 g 42,677 79,567 Colombian Pesos Unsecured, repayable monthly until May 2023 h 93,468 150,984 Colombian Pesos Unsecured, repayable monthly until Dec 2023 i 121,221 148,245 Mexican Pesos Unsecured, due on demand j - 31,857 Argentine Pesos Unsecured, due on demand 14,321,874 3,584,587 4,208,925 3,440,732 Current portion of loans payable 10,112,949 143,855 Long term portion of loans payable 14,321,874 3,584,587 |
BONDS PAYABLE (Tables)
BONDS PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure Of Bonds Payable [Abstract] | |
Schedule of weighted average assumptions of bonds payable | 2021 2020 Share price at date of grant $ 0.074 - Exercise price $ 0.099 - Expected life 3 years - Expected volatility 134.05% - Risk free interest rate 1.05% - Expected dividend yield 0% - Expected forfeiture rate 0% - |
RELATED PARTY TRANSACTIONS AN_2
RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of Loan Balances with Related Parties | 2021 2020 Currency Rate Terms $ $ 1,560,394 3,839,459 USD 12%-18% Unsecured, due on demand - 18,546 Colombian Pesos 0% Unsecured, due on demand - 12,743 Argentine Pesos 18% Unsecured, due on demand 1,560,394 3,870,748 |
Schedule of Remuneration of Key Management | 2021 2020 $ $ Consulting fees paid to the CEO 267,392 468,300 Consulting fees paid to the COO 207,165 320,300 Consulting fees paid to the CFO 17,000 336,300 491,557 1,124,900 |
Schedule of fair value of obligation to issue share purchase warrants was calculated using Black-Scholes model and weighted average assumptions | Share price at date of grant $0.08 Exercise price $0.09 Expected life 5 years Expected volatility 174.99% Risk free interest rate 1.49% Expected dividend yield 0% Expected forfeiture rate 0% |
SHARE CAPITAL (Tables)
SHARE CAPITAL (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of classes of share capital [abstract] | |
Schedule of continuity of warrants transactions | Number Weighted average $ Balance December 31, 2019 32,215,433 0.11 Expired (31,293,653 ) 0.11 Balance December 31, 2020 921,780 0.09 Issued 120,634 0.10 Expired (921,780 ) 0.09 Balance, December 31, 2021 120,634 0.10 |
Schedule of share purchase warrants outstanding and exercisable | Number of warrants outstanding Exercise price Expiry date $ 4,267 0.125 October 19, 2024 36,114 0.105 November 16, 2024 80,253 0.095 December 14, 2024 120,634 |
Schedule of Continuity of Stock Options | Number Weighted average $ Balance, December 31, 2021 and 2020 1,275,000 0.30 |
Schedule of Stock Options Outstanding and Exercisable | Options outstanding Options exercisable Exercise price Remaining life (years) Expiry Date $ 325,000 325,000 0.45 0.21 March 17, 2022 950,000 950,000 0.25 1.13 February 17, 2023 1,275,000 1,275,000 0.30 0.90 |
FINANCIAL INSTRUMENTS AND RISK
FINANCIAL INSTRUMENTS AND RISK (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of of credit risk of trade receivables | 2021 2020 $ $ Accounts receivable 2,996,655 198,801 Accruals 900,675 400,020 Taxes receivable 862,528 491,658 Other receivables 59,530 76,023 Total accounts receivable 4,819,388 1,166,502 |
Schedule of aging of accounts receivable | Carrying Current 0 - 30 Days 31 - 60 Days 61 - 90 Days > 90 Days $ $ $ $ $ $ Accounts receivable 2,996,655 2,717,464 151,481 29,711 3,621 94,378 |
Schedule of Maturities of Financial Liabilities Undiscounted Contractual Cash Flows | Carrying amount Contractual cash flows Less than 1 year 1 - 3 years 4 - 5 Years After 5 years $ $ $ $ $ $ Accounts payable and accrued liabilities 10,039,853 10,039,853 10,039,853 - - - Interest payable 668,805 668,805 294,826 - - 373,979 Loans payable 14,321,874 14,321,874 4,208,925 232,288 95,266 9,785,395 Loans from related parties 1,560,394 1,560,394 1,560,394 - - - Bonds payable 1,905,577 1,905,577 - 1,905,577 - - Lease liability 2,332,405 8,871,097 790,036 2,370,107 1,397,191 4,389,367 Total 30,828,908 37,367,600 16,894,034 4,507,973 1,492,456 14,548,741 |
Schedule of Financial Instruments Denominated in Foreign Currencies | Argentine Colombian Mexican Pesos United States Dollars Total $ $ $ $ $ Cash 95,002 750,276 8,891 130,955 985,125 Amounts receivable 433,233 6,608,587 419,240 692 7,461,725 Accounts payable and accrued liabilities (159,733 ) (7,145,543 ) (584,213 ) (480,830 ) (8,370,319 ) Customer deposits - (4,382,299 ) (917,284 ) (1,917 ) (5,301,501 ) Interest payable - (465,313 ) - - (465,313 ) Lease liability - (2,244,504 ) (87,901 ) - (2,332,405 ) Loans payable - (12,777,514 ) (121,221 ) - (12,898,735 ) Net 368,502 (19,656,310 ) (1,282,488 ) (351,100 ) (20,921,396 ) |
ECONOMIC DEPENDENCE (Tables)
ECONOMIC DEPENDENCE (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of acquisition of economic dependence [Abstract] | |
Schedule of sales to individual customers exceeding 10% revenues | 2021 2020 $ $ Customer A 4,345,189 5,134,327 Customer B 2,997,731 1,871,092 Customer C 1,429,481 N/A |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Supplemental Cash Flow Information [Abstract] | |
Schedule of Supplemental Cash Flow Information | 2021 2020 2019 $ $ $ Changes in non-cash working capital items: Amounts receivable (3,892,623 ) 542,054 (1,341,845 ) Prepaid expenses and deposits (3,200,676 ) (131,697 ) 83,535 Deferred Cost (1,223,395 ) - - Unbilled revenues - 111,845 (107,099 ) Other receivable - - 67,143 Bank indebtedness - - (39,464 ) Accounts payable and accrued liabilities 4,581,698 612,050 (725,292 ) Interest payable 18,527 292,365 488,997 Deferred revenue (278,443 ) (167,096 ) 259,182 Customer deposits 431,106 1,184,170 8,470,889 Income tax payable (2,363 ) 247,500 373,196 (3,566,169 ) 2,691,191 7,529,242 |
SEGMENTED INFORMATION (Tables)
SEGMENTED INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Schedule of Revenues, Short-Term, Long-Term Assets and Net-Income for Reportable Segment | Argentina Colombia Mexico United States of Other Total $ $ $ $ $ $ December 31, 2021: Current assets 534,112 6,043,886 428,915 128,887 418,618 7,554,418 Property and equipment 18,445 10,668,693 1,767,875 38,753 (697,807 ) 11,793,959 Other non-current assets - 2,375,403 161,191 - - 2,536,594 Total assets 552,557 19,087,982 2,357,981 167,640 (279,189 ) 21,886,971 Revenues: Tower rental revenue 678,002 2,014,364 147,902 - - 2,840,268 Service revenue - 3,416,385 - - 2,182,516 5,598,901 Sales of towers 2,238,087 - 10,370 - - 2,248,457 Total revenues 2,916,089 5,430,749 158,272 - 2,182,516 10,687,626 Net income (loss) (1,287,808 ) 1,083,294 (611,696 ) 14,443 (3,792,521 ) (4,594,288 ) Argentina Colombia Mexico United States of Other Total $ $ $ $ $ $ December 31, 2020: Current assets 679,144 448,193 465,316 1,938 96,650 1,691,241 Property and equipment 2,680,675 2,989,580 437,596 51,278 15,999 6,175,128 Other non-current assets 773,279 976,278 135,876 - 1,357,658 3,243,091 Total assets 4,133,098 4,414,051 1,038,788 53,216 1,470,307 11,109,460 Revenues: Tower rental revenue 945,647 550,418 278,281 - - 1,774,346 Service revenue - - - 346,317 626,319 972,636 Sales revenue 1,244,773 14,439 5,119,888 - - 6,379,100 Total revenues 2,190,420 564,857 5,398,169 346,317 626,319 9,126,082 Net income (loss) (2,388,551 ) 328,258 1,078,190 1,261,084 (3,953,285 ) (3,674,304 ) |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |
Schedule of tax effect computed by applying federal and provincial/state statutory rates | 2021 2020 $ $ Net loss before income taxes (4,594,288 ) (3,674,304 ) Statutory income tax rate 27% 27% Income tax recovery (1,240,458 ) (992,062 ) Differences between Canadian and foreign tax rates (83,782 ) (95,362 ) Permanent differences and others (249,362 ) (76,522 ) Impact of foreign exchange (125,223 ) 142,767 Under provided in prior years 96,482 363,357 Effect of change in income tax rates 4,187 164,204 Temporary differences 1,657,957 316,758 Change in unrecognized losses 25,468 363,420 85,269 186,560 Current income tax expense 85,269 186,560 Deferred income tax recovery - - - - |
Schedule of Significant Components of Deferred Income Tax Assets and Liabilities | 2021 2020 $ $ Deferred income tax assets: Non-capital loss carry-forwards 88,066 487,721 Property and equipment 23,524 - Lease liabilities 722,166 501,470 Deferred income tax assets 833,756 989,191 Deferred income tax liabilities: Excess of carrying value over tax value of right-of-use assets (784,732 ) (561,508 ) Excess of carrying value over tax value of intangible assets (10,084 ) (389,728 ) Excess of carrying value over tax value of bonds payable (38,940 ) (19,317 ) Excess of carrying value over property and equipment - (18,638 ) Unrecognized deductible temporary differences (833,756 ) (989,191 ) Unrecognized deductible temporary differences - - |
Schedule of Significant Unrecognized Tax Benefits and Unused Taxes for which No Deferred Tax Assets are Recognized | 2021 2020 $ $ Non-capital losses carried forward 25,418,239 24,441,678 Property and equipment 3,426 7,337 Share issuance costs 333 17,556 Capital losses carried forward 3,294,836 3,294,836 Lease liabilities 36,157 36,157 Unrecognized deductible temporary differences 28,752,991 27,797,564 |
NATURE OF OPERATIONS AND GOIN_2
NATURE OF OPERATIONS AND GOING CONCERN (Narrative) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of Nature of operations and going concern [Abstract] | ||
Working capital deficiency | $ 16,749,316 | $ 19,124,583 |
Accumulated deficit | $ 32,247,379 | $ 25,352,460 |
STATEMENT OF COMPLIANCE AND B_3
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Narrative) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Statement Of Compliance And Basis Of Presentation [Abstract] | ||
Allowance for doubtful accounts | $ 76,517 | $ 36,381 |
Percentage of voting equity interests acquired in joint arrangement | 50.00% |
STATEMENT OF COMPLIANCE AND B_4
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Schedule of Consolidated Financial Statements) (Details) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2018 | |
Tower One Wireless Corp [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower One Wireless Corp. ("Tower One") | Tower One Wireless Corp. ("Tower One") | |
Country | Canada | Canada | |
Functional currency | Canadian dollar | Canadian dollar | |
Tower Two SAS [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower Two SAS ("Tower Two") | Tower Two SAS ("Tower Two") | |
Country | Argentina | Argentina | |
Percentage of ownership | 100.00% | 100.00% | |
Functional currency | Argentine Peso | Argentine Peso | |
Tower Three SAS [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower Three SAS ("Tower Three") | Tower Three SAS ("Tower Three") | |
Country | Colombia | Colombia | |
Percentage of ownership | 100.00% | 100.00% | |
Functional currency | Colombian Peso | Colombian Peso | |
Tower 3 SA [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower 3 SA ("Tower 3") | Tower 3 SA ("Tower 3") | |
Country | Argentina | Argentina | |
Percentage of ownership | 100.00% | 100.00% | |
Functional currency | Argentine Peso | Argentine Peso | |
Innervision SAS [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Innervision SAS ("Innervision") | Innervision SAS ("Innervision") | |
Country | Colombia | Colombia | |
Percentage of ownership | 100.00% | 100.00% | 90.00% |
Functional currency | Colombian Peso | Colombian Peso | |
Evolution Technology SA [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Evolution Technology SA ("Evolution") | Evolution Technology SA ("Evolution") | |
Country | Argentina | Argentina | |
Percentage of ownership | 91.25% | 65.00% | |
Functional currency | Argentine Peso | Argentine Peso | |
Tower Construction & Technical Services, LLC [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower Construction & Technical Services, LLC ("TCTS") | Tower Construction & Technical Services, LLC ("TCTS") | |
Country | USA | USA | |
Percentage of ownership | 50.00% | 50.00% | |
Functional currency | US dollar | US dollar | |
Tower One Wireless Mexico S.A. de C.V. [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower One Wireless Mexico S.A. de C.V. ("Mexmaken") | Tower One Wireless Mexico S.A. de C.V. ("Mexmaken") | |
Country | Mexico | Mexico | |
Percentage of ownership | 90.00% | 90.00% | |
Functional currency | Mexican Peso | Mexican Peso | |
Tower Three Wireless del Ecuador S.A. [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Towerthree Wireless del Ecuador S.A. ("T3 Ecuador") | Towerthree Wireless del Ecuador S.A. ("T3 Ecuador") | |
Country | Ecuador | Ecuador | |
Percentage of ownership | 90.00% | ||
Functional currency | US dollar | US dollar |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Unrealized foreign exchange translation gain (loss) | $ 1,139,917 | $ 508,446 | $ (327,696) |
Useful life of intangible assets | 10 years | ||
Bottom of range [Member] | Furniture and equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Percentage of amortization annual rates | 10.00% | ||
Top of range [Member] | Furniture and equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Percentage of amortization annual rates | 33.30% |
HYPERINFLATION (Narrative) (Det
HYPERINFLATION (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2021CAD ($) | Dec. 31, 2020CAD ($) | Dec. 31, 2019CAD ($) | |
Disclosure Of Detailed Information About Hyperinflation [Abstract] | |||
Level of price index | 582.45 | 385.76 | |
Price index movements | 50.9 | ||
Description of identity of price index | Monetary assets and liabilities are not restated because they are already expressed in terms of the monetary unit current as at December 31, 2021. Non-monetary assets, liabilities, equity, and expenses (items that are not already expressed in terms of the monetary unit as at December 31, 2021) are restated by applying the index at the end of the reporting period. The effect of inflation on the Argentine subsidiary's net monetary position.is included in the consolidated statements of loss as a gain on net monetary position | ||
Gain (loss) on net monetary position | $ (118,821) | $ 318,659 | $ (711,090) |
TOWER CONSTRUCTION & TECHNICA_2
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. (Narrative) (Details) | Aug. 01, 2019USD ($) | Aug. 01, 2019CAD ($) | Mar. 01, 2019CAD ($) | Aug. 01, 2019CAD ($) | Dec. 31, 2021CAD ($) | Dec. 31, 2020CAD ($) | Dec. 31, 2019CAD ($) | Mar. 01, 2019USD ($) | Mar. 01, 2019CAD ($) | Oct. 18, 2017 |
Disclosure of detailed information about business combination [line items] | ||||||||||
Proceeds from disposition | $ 0 | $ 72,396 | $ 258,001 | |||||||
Profit (loss), attributable to non-controlling interests | (408,808) | (1,309,671) | (3,170,031) | |||||||
Non-controlling interest | $ (2,825,830) | (4,532,457) | (3,357,287) | |||||||
Tower Construction & Technical Services, Inc (TCTS) [Member] | ||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||
Percentage of voting equity interests acquired | 30.00% | 30.00% | 70.00% | |||||||
Purchase price | $ 80,000 | $ 106,121 | ||||||||
Difference between acquisition of non-controlling interest and fair value of consideration paid | $ 106,990 | |||||||||
Non-controlling interest | 869 | |||||||||
Fair value of consideration paid | $ 106,121 | |||||||||
Enervisa US LLC ("Enervisa") [Member] | ||||||||||
Disclosure of detailed information about business combination [line items] | ||||||||||
Percentage of outstanding shares sold | 50.00% | 50.00% | ||||||||
Proceeds from disposition | $ 250,000 | $ 330,397 | $ 72,396 | $ 258,001 | ||||||
Profit (loss), attributable to non-controlling interests | $ 519,983 | |||||||||
Non-controlling interest | $ 698,030 | $ 698,030 |
ACQUISITION OF INNERVISION TE_2
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") (Narrative) (Details) - Innervision Sas [Member] | 1 Months Ended | ||||
Oct. 31, 2019COP ($) | Dec. 31, 2021 | Dec. 31, 2020 | Oct. 31, 2019CAD ($) | Dec. 31, 2018 | |
Disclosure of detailed information about business combination [line items] | |||||
Percentage of ownership | 100.00% | 100.00% | 90.00% | ||
Ownership interest acquired during period | 10.00% | ||||
Purchase price | $ 7,000,000 | $ 2,685 |
ACQUISITION OF EVOLUTION TECH_3
ACQUISITION OF EVOLUTION TECHNOLOGY SA (Narrative) (Details) | Mar. 30, 2017USD ($) | Jun. 30, 2021USD ($) | Jun. 30, 2021CAD ($)Share | Jun. 22, 2021CAD ($)Share | Dec. 31, 2021CAD ($) | Dec. 31, 2019CAD ($) | Dec. 31, 2020CAD ($) | Mar. 30, 2017CAD ($)Share |
Disclosure of detailed information about business combination [line items] | ||||||||
Carrying amount of AOCI | $ 1,026,195 | $ (135,429) | ||||||
Adjustment on acquisition of controlled subsidiary | $ (36,243) | $ (106,121) | ||||||
Evotech [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Consideration paid | $ 605,764 | |||||||
Number of common shares issued | Share | 6,300,000 | 6,300,000 | ||||||
Fair value of acquisition common shares issued | $ 569,520 | $ 569,520 | ||||||
Total purchase price | $ 30,000 | $ 36,243 | ||||||
Common shares acquired percentage | 26.25% | 26.25% | 26.25% | |||||
Non-controlling interest | $ 2,656,655 | |||||||
Carrying amount of AOCI | 192,974 | |||||||
Adjustment on acquisition of controlled subsidiary | $ 2,742,984 | |||||||
Evotech [Member] | Bottom of range [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of ownership | 65.00% | |||||||
Common shares acquired percentage | 26.25% | 26.25% | ||||||
Acquired percentage of AOCI | 26.25% | 26.25% | ||||||
Evotech [Member] | Top of range [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of ownership | 91.25% | |||||||
Common shares acquired percentage | 35.00% | 35.00% | ||||||
Acquired percentage of AOCI | 35.00% | 35.00% | ||||||
Evotech [Member] | Share Purchase Offer Agreement [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Percentage of ownership | 65.00% | |||||||
Consideration paid | $ 350,000 | |||||||
Number of common shares issued | Share | 1,500,000 | |||||||
Fair value of acquisition common shares issued | $ 480,000 | |||||||
Evotech [Member] | Share Purchase Offer Agreement [Member] | Top of range [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Aggregate total maximum amount | $ 3,500,000 |
ACQUISITION OF EVOLUTION TECH_4
ACQUISITION OF EVOLUTION TECHNOLOGY SA (Schedule of Consideration paid) (Details) - CAD ($) | 1 Months Ended | 12 Months Ended | |
Jun. 30, 2021 | Dec. 31, 2021 | Dec. 31, 2019 | |
Disclosure of detailed information about business combination [line items] | |||
Increase in equity attributable to the Company | $ (36,243) | $ (106,121) | |
Evotech [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Consideration paid | $ 605,764 | ||
Net change to non-controlling interest | 1,992,491 | ||
Net change to accumulated other comprehensive income | 144,729 | ||
Increase in equity attributable to the Company | $ 2,742,984 |
ACQUISITION OF TOWERTHREE WIR_3
ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA (Narrative) (Details) - T3 Ecuador [Member] | 1 Months Ended | 12 Months Ended | |
Sep. 20, 2021USD ($) | Dec. 31, 2021CAD ($) | Sep. 20, 2021CAD ($) | |
Disclosure of detailed information about business combination [line items] | |||
Percentage of voting equity interests acquired | 90.00% | 90.00% | |
Fair value of consideration paid | $ 720 | $ 920 | |
Non-controlling proportionate percentage | 10.00% | ||
Net assets acquired and liabilities assumed | $ 78 | ||
Recognized Impairment as of acquisition date | $ 1,624 |
ACQUISITION OF TOWERTHREE WIR_4
ACQUISITION OF TOWERTHREE WIRELESS DEL ECUADOR SA (Schedule of Assets Acquired and Liabilities Assumed) (Details) - T3 Ecuador [Member] | Sep. 20, 2021CAD ($) |
Fair value of T3 Ecuador net assets acquired | |
Cash | $ 1,296 |
Taxes receivable | 9,012 |
Property and equipment | 74,067 |
Intangible asset | 1,624 |
Accounts payable | (399) |
Loans from related parties | (84,680) |
Total fair value of T3 Ecuador net assets acquired | $ 920 |
COLLABORATION AGREEMENT (Narrat
COLLABORATION AGREEMENT (Narrative) (Details) | Apr. 06, 2021 | Dec. 31, 2021COP ($) | Dec. 31, 2021CAD ($) | Dec. 31, 2020CAD ($) | Dec. 31, 2021CAD ($) |
Collaborative Arrangement And Arrangement Other Than Collaborative [Line Items] | |||||
Voting rights and ownership percentage | 90.00% | ||||
Commerk SAS [Member] | Collaboration Agreement [Member] | |||||
Collaborative Arrangement And Arrangement Other Than Collaborative [Line Items] | |||||
Voting rights and ownership percentage | 50.00% | ||||
Actual term of collaboration agreement | 7 years | ||||
Renewal term of collaboration agreement | 7 years | ||||
Interest rate | 6.20% | ||||
Outstanding balance of equity contributions | $ 12,039,984,363 | $ 3,820,652 | |||
Accrued interest on the equity contributions | $ 1,039,294,905 | $ 0 | $ 329,800 |
NON-CONTROLLING INTEREST (NCI_2
NON-CONTROLLING INTEREST (NCI) (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 90.00% | ||
Non-controlling interests | $ (2,825,830) | $ (4,532,457) | $ (3,357,287) |
Tower Construction & Technical Services, Inc (TCTS) [Member] | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 50.00% | 50.00% | |
Non-controlling interests | $ (1,754,611) | $ (953,706) | |
Comercializadora Mexmaken SA De CV [Member] | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 90.00% | 90.00% | |
Non-controlling interests | $ (44,462) | $ (791,573) | |
Evolution Technology SA [Member] | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 91.25% | 91.25% | |
Non-controlling interests | $ (1,020,454) | $ (2,787,178) | |
T3 Ecuador | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 90.00% | ||
Non-controlling interests | $ (6,303) |
NON-CONTROLLING INTEREST (NCI_3
NON-CONTROLLING INTEREST (NCI) (Schedule of Financial Information for Companies Subsidiaries) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Current assets | $ 7,554,418 | $ 1,691,241 | |
Current liabilities | 24,303,734 | 20,815,824 | |
Revenues for the year ended | 10,687,626 | 9,126,082 | $ 5,413,594 |
Net loss for the year ended | (4,594,288) | (3,674,304) | (8,147,268) |
Non-controlling interests [Member] | |||
Net loss for the year ended | (408,808) | (1,309,671) | $ (3,170,031) |
Non-controlling interests [Member] | Evolution, TCTS, Mexmaken and T3 Ecuador [Member] | |||
Current assets | 1,094,709 | 1,145,246 | |
Non-current assets | 2,068,951 | 4,079,106 | |
Current liabilities | 12,291,899 | 14,046,168 | |
Non-current liabilities | 474,381 | 898,146 | |
Revenues for the year ended | 1,396,899 | 7,934,906 | |
Net loss for the year ended | $ (1,778,017) | $ (1,150,056) |
NON-CONTROLLING INTEREST (NCI_4
NON-CONTROLLING INTEREST (NCI) (Schedule of Net Change in Non-controlling Interest) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Noncontrolling Interests [Abstract] | ||
Balance at beginning period | $ (4,532,457) | $ (3,357,287) |
Change in ownership interest | 1,992,413 | |
Share of loss for the year | (408,808) | (1,772,196) |
Currency translation adjustment | 123,022 | 597,026 |
Balance at end of period | $ (2,825,830) | $ (4,532,457) |
PREPAID EXPENSES AND DEPOSITS_2
PREPAID EXPENSES AND DEPOSITS (Schedule of prepaid expenses and deposit) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Prepaid Expenses And Deposits [Abstract] | ||
Prepaid expenses | $ 451,435 | $ 82,216 |
Prepaid inventory | 0 | 5,974 |
Advances to suppliers | 2,910,956 | 282,216 |
Other advances | 814 | 607 |
Total prepaid expenses and deposits | 3,363,205 | 371,013 |
Current portion | 452,249 | 371,013 |
Long-term portion | $ 2,910,956 | $ 0 |
DEFERRED COST (Narrative) (Deta
DEFERRED COST (Narrative) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Deferred Cost [Abstract] | ||
Deferred cost | $ 1,223,395 | $ 0 |
INTANGIBLE ASSETS (Narrative) (
INTANGIBLE ASSETS (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [line items] | |||
Impairment of intangible assets | $ 1,056,716 | $ 0 | $ 0 |
Master lease agreements [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Impairment of intangible assets | $ 1,055,094 |
INTANGIBLE ASSETS (Schedule of
INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [line items] | |||
Impairment | $ (1,056,716) | $ 0 | $ 0 |
Master lease agreements [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Impairment | (1,055,094) | ||
Master lease agreements [Member] | Cost [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning Balance | 1,982,354 | 1,982,354 | |
Impairment | (1,982,354) | ||
Ending Balance | 0 | 1,982,354 | 1,982,354 |
Master lease agreements [Member] | Accumulated Amortization [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning Balance | (624,696) | (379,926) | |
Additions | 302,564 | 245,070 | |
Impairment | (927,260) | ||
Ending Balance | 0 | (624,696) | $ (379,926) |
Master lease agreements [Member] | Net Book Value [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Beginning Balance | 1,357,658 | ||
Ending Balance | $ 0 | $ 1,357,658 |
RIGHT-OF-USE ASSETS AND LEASE_3
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Schedule of Right-of-use asset and lease liability) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Right-of-use asset | ||
Beginning Balance | $ 1,885,433 | $ 2,706,368 |
Additions | 1,995,512 | 702,473 |
Cancellation | (650,407) | (1,086,971) |
Depreciation | (310,493) | (262,540) |
Impact of foreign exchange | (383,451) | (375,830) |
Monetary adjustment for hyperinflationary economy | 201,933 | |
Ending balance | 2,536,594 | 1,885,433 |
Lease liability | ||
Beginning Balance | 1,685,678 | 2,703,129 |
Additions | 1,995,513 | 702,473 |
Cancellation | (516,369) | (1,199,643) |
Lease payments | (1,009,469) | (553,130) |
Lease interest | 530,609 | 374,216 |
Impact of foreign exchange | (353,557) | (341,367) |
Operating lease liability | 2,332,405 | 1,685,678 |
Current portion | 193,402 | 92,308 |
Non-current lease liabilities | 2,139,003 | 1,593,370 |
Lease liabilities | $ 2,332,405 | $ 1,685,678 |
PROPERTY AND EQUIPMENT (Narrati
PROPERTY AND EQUIPMENT (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Impairment loss | $ 393,478 | $ 441,292 | $ 1,306,767 |
Asset Transfer Agreement [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Proceeds from sale of tower structures and sites | $ 3,870,126 |
PROPERTY AND EQUIPMENT (Schedul
PROPERTY AND EQUIPMENT (Schedule of Property and Equipment) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | $ 6,175,128 | ||
Impairment loss recognised in profit or loss, property, plant and equipment | (393,478) | $ (441,292) | $ (1,306,767) |
Balance at end of year | 8,885,003 | 6,175,128 | |
Cost [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 7,321,752 | 9,512,886 | |
Monetary adjustment for hyperinflationary economy | 17,918 | 1,244,328 | |
Additions | 7,440,455 | 2,538,618 | |
Transfer from CIP to towers | 0 | 0 | |
Reclassification to assets held for sale | (30,967) | ||
Towers Sold | (2,913,946) | (3,888,708) | |
Impairment loss recognised in profit or loss, property, plant and equipment | (393,478) | (441,292) | |
Foreign exchange movement | (1,702,692) | (1,613,113) | |
Balance at end of year | 9,770,009 | 7,321,752 | 9,512,886 |
Cost [Member] | Towers [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 5,515,758 | 8,646,258 | |
Monetary adjustment for hyperinflationary economy | 0 | 701,648 | |
Additions | 484,087 | 0 | |
Transfer from CIP to towers | 5,024,541 | 1,574,686 | |
Reclassification to assets held for sale | 0 | ||
Towers Sold | (2,351,025) | (3,888,708) | |
Impairment loss recognised in profit or loss, property, plant and equipment | 0 | 0 | |
Foreign exchange movement | (1,126,886) | (1,518,126) | |
Balance at end of year | 7,546,475 | 5,515,758 | 8,646,258 |
Cost [Member] | Construction in progress [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 1,594,257 | 485,220 | |
Monetary adjustment for hyperinflationary economy | 0 | 644,005 | |
Additions | 6,919,509 | 2,502,896 | |
Transfer from CIP to towers | (5,024,541) | (1,574,686) | |
Reclassification to assets held for sale | (30,967) | ||
Towers Sold | (550,924) | 0 | |
Impairment loss recognised in profit or loss, property, plant and equipment | (393,478) | (416,588) | |
Foreign exchange movement | (553,863) | (15,623) | |
Balance at end of year | 1,990,960 | 1,594,257 | 485,220 |
Cost [Member] | Furniture and equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 211,737 | 381,408 | |
Monetary adjustment for hyperinflationary economy | 17,918 | (101,325) | |
Additions | 36,859 | 35,722 | |
Transfer from CIP to towers | 0 | 0 | |
Reclassification to assets held for sale | 0 | ||
Towers Sold | (11,997) | 0 | |
Impairment loss recognised in profit or loss, property, plant and equipment | 0 | (24,704) | |
Foreign exchange movement | (21,943) | (79,364) | |
Balance at end of year | 232,574 | 211,737 | 381,408 |
Accumulated Amortization [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | (1,146,624) | (780,840) | |
Monetary adjustment for hyperinflationary economy | (46,404) | 122,996 | |
Additions | 823,001 | 752,829 | |
Towers Sold | (811,944) | (332,242) | |
Foreign exchange movement | (226,271) | (177,799) | |
Balance at end of year | (885,006) | (1,146,624) | (780,840) |
Accumulated Amortization [Member] | Towers [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | (1,078,547) | (741,248) | |
Monetary adjustment for hyperinflationary economy | (48,406) | 116,704 | |
Additions | 780,705 | 708,546 | |
Towers Sold | (804,215) | (322,512) | |
Foreign exchange movement | (221,134) | (165,439) | |
Balance at end of year | (785,497) | (1,078,547) | (741,248) |
Accumulated Amortization [Member] | Construction in progress [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 0 | 0 | |
Monetary adjustment for hyperinflationary economy | 0 | 0 | |
Additions | 0 | 0 | |
Towers Sold | 0 | 0 | |
Foreign exchange movement | 0 | 0 | |
Balance at end of year | 0 | 0 | 0 |
Accumulated Amortization [Member] | Furniture and equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | (68,077) | (39,592) | |
Monetary adjustment for hyperinflationary economy | 2,002 | 6,292 | |
Additions | 42,296 | 44,283 | |
Towers Sold | (7,729) | (9,730) | |
Foreign exchange movement | (5,137) | (12,360) | |
Balance at end of year | (99,509) | (68,077) | $ (39,592) |
Net Book Value [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 6,175,128 | ||
Balance at end of year | 8,885,003 | 6,175,128 | |
Net Book Value [Member] | Towers [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 4,437,211 | ||
Balance at end of year | 6,760,978 | 4,437,211 | |
Net Book Value [Member] | Construction in progress [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 1,594,257 | ||
Balance at end of year | 1,990,960 | 1,594,257 | |
Net Book Value [Member] | Furniture and equipment [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Balance at beginning of year | 143,660 | ||
Balance at end of year | $ 133,065 | $ 143,660 |
ASSETS HELD FOR SALE (Narrative
ASSETS HELD FOR SALE (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of analysis of single amount of discontinued operations [abstract] | |||
Asset held for sale | $ 0 | $ 30,967 | $ 751,726 |
Proceeds assets held for sale tower | $ 36,961 | $ 1,204,942 |
CONVERTIBLE DEBENTURES (Narrati
CONVERTIBLE DEBENTURES (Narrative) (Details) - CAD ($) | Dec. 14, 2021 | Nov. 13, 2018 | Jun. 12, 2018 | Nov. 16, 2021 | Oct. 19, 2021 | Jun. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of detailed information about borrowings [line items] | |||||||||||
Proceeds from issue of bonds, notes and debentures | $ 95,300 | $ 47,400 | $ 1,954,300 | ||||||||
Number of warrants issued | 80,252 | ||||||||||
Cash debt issuance costs | $ 170,700 | ||||||||||
Deferred tax liabilities | 833,756 | 989,191 | |||||||||
Current interest payable | 668,805 | 650,278 | |||||||||
Loss on extinguishment of debt | 0 | $ 0 | 393,026 | ||||||||
Warrants [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Number of warrants issued | 80,253 | 36,114 | 4,267 | ||||||||
June 2018 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Proceeds from issue of bonds, notes and debentures | $ 1,000,000 | ||||||||||
Term of convertible debentues | one year | ||||||||||
Borrowings, interest rate | 1.00% | ||||||||||
Conversion price per share | $ 0.10 | $ 0.20 | |||||||||
Cash debt issuance costs | $ 76,791 | ||||||||||
June 2018 [Member] | Warrants [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Common shares issued | 5,000,000 | ||||||||||
Number of warrants issued | 5,000,000 | ||||||||||
Exercise price | $ 0.125 | $ 0.25 | |||||||||
Warrants term | 1 year | ||||||||||
Expiry date of warrants | Nov. 13, 2019 | ||||||||||
November 2018 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Proceeds from issue of bonds, notes and debentures | $ 500,000 | ||||||||||
Term of convertible debentues | seven months | ||||||||||
Borrowings, interest rate | 1.00% | ||||||||||
Conversion price per share | $ 0.10 | ||||||||||
Cash debt issuance costs | $ 46,295 | ||||||||||
November 2018 [Member] | Warrants [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Number of warrants issued | 5,000,000 | ||||||||||
Exercise price | $ 0.125 | ||||||||||
Warrants term | 1 year | ||||||||||
June 2019 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Exercise price | $ 0.09 | ||||||||||
Expiry date of warrants | Nov. 13, 2019 | ||||||||||
Repayment of convertible debt | $ 750,000 | ||||||||||
June 2019 [Member] | Warrants [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Number of warrants issued | 15,000,000 | ||||||||||
Exercise price | $ 0.09 | ||||||||||
Fair value of warrants | $ 300,000 | ||||||||||
September 2019 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Percentage of penalty on outstanding principal | 10.00% | ||||||||||
Penalty on convertible debentures | $ 75,000 | ||||||||||
December 2019 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Percentage of penalty on outstanding principal | 1.00% | ||||||||||
Additional percentage penalty on outstanding principal | 2.00% | ||||||||||
Penalty on convertible debentures | $ 7,500 | ||||||||||
March 2020 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Number of share issued to existing lenders for extension of financing terms | 714,286 | ||||||||||
Common shares issued | 714,286 | ||||||||||
Fair value of common shares | $ 24,286 | ||||||||||
June 2020 [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Repayment of convertible debt | $ 745,000 | ||||||||||
Convertible debentures [Member] | |||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||
Interest expense | $ 0 | 19,280 | |||||||||
Repayment of convertible debt | $ 745,000 |
CONVERTIBLE DEBENTURES (Schedul
CONVERTIBLE DEBENTURES (Schedule of Maturity of Convertible Debentures) (Details) - Convertible debentures [Member] | 12 Months Ended |
Dec. 31, 2020CAD ($) | |
Disclosure of detailed information about borrowings [line items] | |
Balance | $ 745,000 |
Cash items | |
Repayment of convertible debt | (745,000) |
Non-cash items | |
Balance | $ 0 |
LOANS PAYABLE (Narrative) (Deta
LOANS PAYABLE (Narrative) (Details) | Sep. 14, 2021COP ($) | Apr. 02, 2021COP ($) | Mar. 11, 2021COP ($) | Dec. 31, 2021COP ($) | Dec. 31, 2021CAD ($) | Dec. 31, 2020COP ($) | Dec. 31, 2020CAD ($) | Dec. 31, 2021MXN ($) | Dec. 31, 2021USD ($) | Dec. 31, 2021CAD ($) | Oct. 11, 2021COP ($) | Sep. 01, 2021COP ($) | Dec. 31, 2020MXN ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020CAD ($) | Dec. 20, 2020COP ($) | Nov. 10, 2020MXN ($) | Oct. 14, 2020COP ($) | Oct. 14, 2020CAD ($) | May 21, 2020COP ($) | Jan. 16, 2020ARS ($) |
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | $ 14,321,874 | $ 3,584,587 | |||||||||||||||||||
Interest payable | 668,805 | 650,278 | |||||||||||||||||||
Loans Payable 1 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 1,423,139 | 1,356,793 | |||||||||||||||||||
Aggregate principal amount | $ 1,113,663 | $ 1,423,139 | $ 1,061,392 | 1,356,793 | |||||||||||||||||
Loans Payable 1 [Member] | Bottom of range [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings, interest rate | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||||||
Loans Payable 1 [Member] | Top of range [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings, interest rate | 18.00% | 18.00% | 18.00% | 18.00% | |||||||||||||||||
Loans Payable 2 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | $ 317,330 | 0 | |||||||||||||||||||
Aggregate principal amount | $ 1,000,000,000 | 317,330 | $ 1,000,000,000 | 0 | |||||||||||||||||
Borrowings, interest rate | 10.11% | ||||||||||||||||||||
Loans Payable 3 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 2,538,643 | 0 | |||||||||||||||||||
Aggregate principal amount | 8,000,000,000 | 2,538,643 | $ 8,000,000,000 | 0 | |||||||||||||||||
Borrowings, interest rate | 7.02% | ||||||||||||||||||||
Loans Payable 4 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 3,820,652 | 412,567 | |||||||||||||||||||
Borrowings, interest rate | 6.20% | ||||||||||||||||||||
Amount received from preliminary equity contributions | $ 4,536,891,697 | 12,039,984,363 | $ 3,820,652 | $ 1,112,259,832 | $ 412,567 | ||||||||||||||||
Loans Payable 5 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 5,288,629 | 614,265 | |||||||||||||||||||
Aggregate principal amount | $ 40,463,000,000 | $ 31,632,000,000 | 16,666,003,681 | 0 | 5,288,629 | 0 | |||||||||||||||
Borrowings, interest rate basis | 4.39% + IBR 6 months per annum | 4.615% + IBR 6 months per annum | |||||||||||||||||||
Loans Payable 6 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 676,115 | 790,309 | |||||||||||||||||||
Aggregate principal amount | 2,130,633,223 | 2,130,633,223 | 790,309 | $ 2,130,633,223 | $ 676,115 | ||||||||||||||||
Borrowings, interest rate | 12.00% | 12.00% | |||||||||||||||||||
Loans Payable 7 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 42,677 | 79,567 | |||||||||||||||||||
Aggregate principal amount | $ 134,488,293 | 213,431,006 | $ 42,677 | 79,567 | $ 250,000,000 | ||||||||||||||||
Borrowings, interest rate | 10.67% | 10.67% | 10.67% | 10.67% | |||||||||||||||||
Loans Payable 8 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | $ 93,468 | 150,984 | |||||||||||||||||||
Aggregate principal amount | $ 294,545,457 | $ 405,000,000 | 93,468 | 150,984 | $ 405,000,000 | ||||||||||||||||
Borrowings, interest rate | 5.905% | ||||||||||||||||||||
Loans Payable 9 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 121,221 | 148,245 | |||||||||||||||||||
Aggregate principal amount | $ 1,948,351 | 121,221 | $ 2,311,865 | $ 2,311,865 | |||||||||||||||||
Loans Payable 10 [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings | 0 | 31,857 | |||||||||||||||||||
Aggregate principal amount | $ 2,113,800 | ||||||||||||||||||||
Borrowings, interest rate | 18.00% | ||||||||||||||||||||
Loans Payable [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Interest expense | $ 432,576 | $ 144,473 | |||||||||||||||||||
Interest payable | $ 240,875 | $ 307,863 | $ 64,725 | $ 88,018 | |||||||||||||||||
Loans Payable [Member] | Bottom of range [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings, interest rate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||||||||||
Loans Payable [Member] | Top of range [Member] | |||||||||||||||||||||
Disclosure of detailed information about borrowings [line items] | |||||||||||||||||||||
Borrowings, interest rate | 18.00% | 41.00% | 18.00% | 18.00% | 18.00% | 41.00% | 41.00% | 41.00% |
LOANS PAYABLE (Schedule of Loan
LOANS PAYABLE (Schedule of Loans Outstanding) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about borrowings [line items] | ||
Current portion of loans payable | $ 4,208,925 | $ 3,440,732 |
Long term portion of loans payable | 10,112,949 | 143,855 |
Balance | 14,321,874 | 3,584,587 |
Loans Payable 1 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 1,423,139 | $ 1,356,793 |
Currency | USD | USD |
Term of convertible debentues | Unsecured, due on demand | Unsecured, due on demand |
Loans Payable 2 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 317,330 | $ 0 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Secured, repayable quarterly until Oct 2027. | Secured, repayable quarterly until Oct 2027. |
Loans Payable 3 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 2,538,643 | $ 0 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Secured, due on demand. | Secured, due on demand. |
Loans Payable 4 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 3,820,652 | $ 412,567 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Secured, due on completion of related projects | Secured, due on completion of related projects |
Loans Payable 5 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 5,288,629 | $ 614,265 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Secured, due on April 2028 | Secured, due on April 2028 |
Loans Payable 6 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 676,115 | $ 790,309 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Unsecured, due on Oct 2023 | Unsecured, due on Oct 2023 |
Loans Payable 7 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 42,677 | $ 79,567 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Unsecured, repayable monthly until May 2023 | Unsecured, repayable monthly until May 2023 |
Loans Payable 8 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 93,468 | $ 150,984 |
Currency | Colombian Pesos | Colombian Pesos |
Term of convertible debentues | Unsecured, repayable monthly until Dec 2023 | Unsecured, repayable monthly until Dec 2023 |
Loans Payable 9 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 121,221 | $ 148,245 |
Currency | Mexican Pesos | Mexican Pesos |
Term of convertible debentues | Unsecured, due on demand | Unsecured, due on demand |
Loans Payable 10 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 0 | $ 31,857 |
Currency | Argentine Pesos | Argentine Pesos |
Term of convertible debentues | Unsecured, due on demand | Unsecured, due on demand |
BONDS PAYABLE (Narrative) (Deta
BONDS PAYABLE (Narrative) (Details) | Dec. 14, 2021CAD ($)$ / sharesshares | Nov. 16, 2021CAD ($)$ / sharesshares | Oct. 20, 2021CAD ($)$ / sharesshares | Oct. 19, 2021CAD ($)shares | Dec. 31, 2021CAD ($)$ / shares | Dec. 31, 2020CAD ($)$ / shares | Dec. 31, 2019CAD ($) | Dec. 31, 2029 | Dec. 14, 2021$ / shares | Nov. 16, 2021$ / shares | Oct. 19, 2021$ / shares |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Number of bonds issued | 19,543 | ||||||||||
Bonds issued price | $ 100 | ||||||||||
Proceeds from issuance of bonds | $ 95,300 | $ 47,400 | 1,954,300 | ||||||||
Repayments of bonds | $ 1,707 | $ 0 | |||||||||
Cash debt issuance costs | 170,700 | ||||||||||
Amortization expense related to debt issuance costs | 1,436,058 | 1,260,439 | $ 1,261,964 | ||||||||
Bonds payable | 1,905,577 | 1,882,750 | |||||||||
Interest expense on bonds | 192,188 | 195,973 | |||||||||
Interest payable | $ 668,805 | $ 650,278 | |||||||||
Number of warrants issued | shares | 80,252 | ||||||||||
Debt financing costs | $ 10,939 | 5,941 | $ 948 | ||||||||
Proceeds from issue of bonds notes and debentures recognized as share subscriptions received | $ 11,600 | ||||||||||
Exercise price | $ / shares | $ 0.30 | $ 0.30 | |||||||||
Class A Common Shares [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Cash debt issuance costs | $ 92 | ||||||||||
Number of shares issued during period | shares | 50 | 22,775 | |||||||||
Aggregate number of shares issued | shares | 43,475 | 3,600 | 3,600 | ||||||||
Share issue related cost | $ 914 | $ 536 | |||||||||
Class B Bond [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Cash debt issuance costs | 8,586 | 5,061 | $ 856 | ||||||||
Class A Bond [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Cash debt issuance costs | $ 1,439 | $ 344 | |||||||||
Bonds Payable [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Interest rate | 10.00% | ||||||||||
Amortization expense related to debt issuance costs | $ 72,673 | $ 95,399 | |||||||||
Interest payable | 30,324 | 0 | |||||||||
Reduction In debt discount | $ 27,922 | $ 71,549 | |||||||||
Warrants [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Number of warrants issued | shares | 80,253 | 36,114 | 4,267 | ||||||||
Payment of warrant cash commission | $ 7,123 | $ 3,681 | $ 576 | ||||||||
Fair value of warrant issued | 3,816 | 2,260 | 372 | ||||||||
Exercise price | $ / shares | $ 0.095 | $ 0.105 | $ 0.125 | ||||||||
Class B Units [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Proceeds from issuance of bonds | $ 78,600 | $ 43,700 | |||||||||
Proceeds from issuance of units | $ 7,200 | ||||||||||
Number of units issued | shares | 786 | 437 | 72 | ||||||||
Price per unit | $ / shares | $ 100 | $ 100 | $ 100 | ||||||||
Class B Units [Member] | Class A Common Shares [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Proceeds from issuance of bonds | $ 7,086 | $ 4,085 | |||||||||
Cash debt issuance costs | $ 92 | ||||||||||
Number of shares issued during period | shares | 39,300 | 50 | 50 | ||||||||
Aggregate number of shares issued | shares | 21,850 | 3,600 | 3,600 | ||||||||
Proceeds from issue of bonds notes and debentures recognized as share subscriptions received | $ 696 | ||||||||||
Class B Units [Member] | Class B Bond [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Number of bonds issued | 786 | 437 | 72 | ||||||||
Proceeds from issuance of bonds | $ 71,514 | $ 39,615 | $ 6,504 | ||||||||
Interest rate | 10.00% | 10.00% | 10.00% | ||||||||
Cash debt issuance costs | $ 856 | ||||||||||
Debt financing costs | $ 948 | ||||||||||
Price per unit | $ / shares | $ 100 | $ 100 | |||||||||
Maturity date | September 30, 2023 | September 30, 2023 | September 30, 2023 | ||||||||
Class B Units [Member] | Warrants [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Number of warrants issued | shares | 4,267 | ||||||||||
Payment of warrant cash commission | $ 576 | ||||||||||
Class A Units [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Proceeds from issuance of bonds | $ 16,700 | $ 3,700 | |||||||||
Number of units issued | shares | 167 | 37 | |||||||||
Price per unit | $ / shares | $ 100 | $ 100 | |||||||||
Class A Units [Member] | Class A Common Shares [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Proceeds from issuance of bonds | $ 719 | $ 174 | |||||||||
Number of shares issued during period | shares | 25 | 25 | |||||||||
Aggregate number of shares issued | shares | 4,175 | 925 | |||||||||
Class A Units [Member] | Class A Bond [Member] | |||||||||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||||
Number of bonds issued | 167 | 37 | |||||||||
Proceeds from issuance of bonds | $ 15,981 | $ 3,526 | |||||||||
Interest rate | 10.00% | 10.00% | |||||||||
Price per unit | $ / shares | $ 100 | $ 100 | |||||||||
Maturity date | September 30, 2022 | September 30, 2022 |
BONDS PAYABLE (Schedule of Weig
BONDS PAYABLE (Schedule of Weighted Average Assumptions) (Details) - Bonds Payable - Share Purchase Warrants [Member] | 12 Months Ended | |
Dec. 31, 2021yr$ / shares | Dec. 31, 2020yr$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share price at grant date | $ 0.074 | $ 0 |
Exercise price | $ 0.099 | $ 0 |
Expected life (in years) | yr | 3 | 0 |
Expected volatility | 134.05% | 0.00% |
Risk free interest rate | 1.05% | 0.00% |
Expected dividend yield | 0.00% | 0.00% |
Expected forfeiture rate | 0.00% | 0.00% |
RELATED PARTY TRANSACTIONS AN_3
RELATED PARTY TRANSACTIONS AND BALANCES (Narrative) (Details) | 1 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2019CAD ($)$ / sharesshares | Jan. 31, 2019USD ($) | Jan. 31, 2019CAD ($) | Dec. 31, 2021USD ($) | Dec. 31, 2021CAD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2020CAD ($) | Jan. 31, 2019CAD ($) | |
Disclosure of transactions between related parties [line items] | ||||||||
Related party payables | $ 351,205 | $ 692,100 | ||||||
Related Party Loan [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Interest expense | $ 549,717 | 702,495 | $ 262,994 | 352,439 | ||||
Unpaid interest and loan penalties | $ 168,741 | $ 562,260 | ||||||
Penalties | $ 160,000 | $ 212,312 | ||||||
Interest accrued added to principal balance of loans | $ 395,259 | $ 539,236 | ||||||
Loss on extinguishment | $ 212,312 | |||||||
Related Party Share Purchase Warrants [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Share purchase warrants agreed to issue | shares | 2,381,301 | |||||||
Fair value of warrants | $ 180,714 | |||||||
Warrants exercisable price | $ / shares | $ 0.09 | |||||||
Warrant term | 5 years | |||||||
Loss on extinguishment | $ 180,714 |
RELATED PARTY TRANSACTIONS AN_4
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule of Loan Balances with Related Parties) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | ||
Balance | $ 1,560,394 | $ 3,870,748 |
Related Party Loan 1 [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Balance | $ 1,560,394 | 3,839,459 |
Currency | USD | |
Borrowings, maturity | Unsecured, due on demand | |
Related Party Loan 1 [Member] | Bottom of range [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Interest rate | 12.00% | |
Related Party Loan 1 [Member] | Top of range [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Interest rate | 18.00% | |
Related Party Loan 2 [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Balance | $ 0 | 18,546 |
Currency | Colombian Pesos | |
Interest rate | 0.00% | |
Borrowings, maturity | Unsecured, due on demand | |
Related Party Loan 3 [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Balance | $ 0 | $ 12,743 |
Currency | Argentine Pesos | |
Interest rate | 18.00% | |
Borrowings, maturity | Unsecured, due on demand |
RELATED PARTY TRANSACTIONS AN_5
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule of Remuneration of Key Management) (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | ||
Remuneration of key management | $ 491,557 | $ 1,124,900 |
CEO [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Remuneration of key management | 267,392 | 468,300 |
COO [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Remuneration of key management | 207,165 | 320,300 |
CFO [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Remuneration of key management | $ 17,000 | $ 336,300 |
RELATED PARTY TRANSACTIONS AN_6
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule of Fair Value Obligation to Issue Share Purchase Warrants) (Details) - Related Party Share Purchase Warrants [Member] | 12 Months Ended |
Dec. 31, 2020yr$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Share price at grant date | $ 0.08 |
Exercise price | $ 0.09 |
Expected life (in years) | yr | 5 |
Expected volatility | 174.99% |
Risk free interest rate | 1.49% |
Expected dividend yield | 0.00% |
Expected forfeiture rate | 0.00% |
SHARE CAPITAL (Narrative) (Deta
SHARE CAPITAL (Narrative) (Details) | Jan. 10, 2022shares | Dec. 14, 2021CAD ($)$ / sharesshares | Sep. 08, 2021shares | Mar. 17, 2022Share | Jan. 18, 2022CAD ($)$ / sharesshares | Nov. 16, 2021CAD ($)$ / sharesshares | Oct. 20, 2021CAD ($)$ / sharesshares | Oct. 19, 2021CAD ($)shares | Jun. 30, 2021CAD ($)Share | Jun. 22, 2021CAD ($)Share | Apr. 30, 2020CAD ($)shares | Dec. 31, 2021CAD ($)Share$ / sharesshares | Dec. 31, 2020CAD ($)Share$ / sharesshares | Dec. 31, 2019CAD ($) | Dec. 31, 2029 | Dec. 14, 2021$ / shares | Nov. 16, 2021$ / shares | Oct. 19, 2021$ / shares |
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued as penalty to the convertible debt lenders | $ 24,286 | |||||||||||||||||
Shares issued for debt, shares | shares | 714,286 | |||||||||||||||||
Shares issued for debt | $ 24,286 | |||||||||||||||||
Exercise price | $ / shares | $ 0.30 | $ 0.30 | ||||||||||||||||
Proceeds from issuing shares | $ 6,066 | $ 0 | $ 0 | |||||||||||||||
Share-based compensation | $ 130,000 | $ 0 | $ 0 | |||||||||||||||
Weighted average outstanding life | 10 months 24 days | |||||||||||||||||
Percentage of issued shares at time of options granted | 10.00% | |||||||||||||||||
Percentage of issued shares at time of options granted to one optionee | 5.00% | |||||||||||||||||
Number of warrants expired | Share | 921,780 | 31,293,653 | ||||||||||||||||
Weighted average remaining contractual life of exercisable warrants | 2 years 11 months 4 days | 9 months | ||||||||||||||||
Expiration of warrants reversed from contributed surplus to deficit | $ 33,535 | $ 597,632 | ||||||||||||||||
Number of bonds issued | 19,543 | |||||||||||||||||
Bonds issued price | $ 100 | |||||||||||||||||
Number of warrants issued | shares | 80,252 | |||||||||||||||||
Debt financing costs | $ 10,939 | $ 5,941 | $ 948 | |||||||||||||||
Proceeds from issuance of bonds | $ 95,300 | 47,400 | 1,954,300 | |||||||||||||||
Amortization expense related to debt issuance costs | 1,436,058 | 1,260,439 | $ 1,261,964 | |||||||||||||||
Proceeds from issue of bonds notes and debentures recognized as share subscriptions received | $ 11,600 | |||||||||||||||||
Cash debt issuance costs | 170,700 | |||||||||||||||||
Current portion of bonds payable | 1,776,077 | 1,882,750 | ||||||||||||||||
Interest expense on bonds | 192,188 | 195,973 | ||||||||||||||||
Interest payable | $ 668,805 | $ 650,278 | ||||||||||||||||
Evotech [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of common shares issued | Share | 6,300,000 | 6,300,000 | ||||||||||||||||
Fair value of acquisition common shares issued | $ 569,520 | $ 569,520 | ||||||||||||||||
Common shares acquired percentage | 26.25% | 26.25% | ||||||||||||||||
Class B Series I preferred shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares authorized | shares | 1,500,000 | |||||||||||||||||
Class B Series II preferred shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares authorized | shares | 1,000,000 | |||||||||||||||||
Class A Common Shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued, shares | shares | 50 | 22,775 | ||||||||||||||||
Cash debt issuance costs | $ 92 | |||||||||||||||||
Aggregate number of shares issued | shares | 43,475 | 3,600 | 3,600 | |||||||||||||||
Share issue related cost | $ 914 | $ 536 | ||||||||||||||||
Class B Bond [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Cash debt issuance costs | 8,586 | 5,061 | $ 856 | |||||||||||||||
Class A Bond [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Cash debt issuance costs | $ 1,439 | $ 344 | ||||||||||||||||
Number of Common shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued as penalty to the convertible debt lenders (shares) | shares | 714,286 | |||||||||||||||||
Shares issued as penalty to the convertible debt lenders | $ 24,286 | |||||||||||||||||
Warrants [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Exercise price | $ / shares | $ 0.095 | $ 0.105 | $ 0.125 | |||||||||||||||
Number of warrants issued | shares | 80,253 | 36,114 | 4,267 | |||||||||||||||
Payment of warrant cash commission | $ 7,123 | $ 3,681 | $ 576 | |||||||||||||||
Fair value of warrant issued | $ 3,816 | $ 2,260 | 372 | |||||||||||||||
Performance share units [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Share-based compensation | $ 130,000 | |||||||||||||||||
Number of units issued | shares | 2,000,000 | |||||||||||||||||
Number of units vested | shares | 2,000,000 | |||||||||||||||||
Bonds Payable [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Interest rate | 10.00% | |||||||||||||||||
Amortization expense related to debt issuance costs | $ 72,673 | 95,399 | ||||||||||||||||
Interest payable | 30,324 | 0 | ||||||||||||||||
Reduction In debt discount | $ 27,922 | $ 71,549 | ||||||||||||||||
Class B Units [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of units issued | shares | 786 | 437 | 72 | |||||||||||||||
Proceeds from issuance of bonds | $ 78,600 | $ 43,700 | ||||||||||||||||
Proceeds from issuance of units | $ 7,200 | |||||||||||||||||
Price per unit | $ / shares | $ 100 | $ 100 | $ 100 | |||||||||||||||
Class B Units [Member] | Class A Common Shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued, shares | shares | 39,300 | 50 | 50 | |||||||||||||||
Proceeds from issuance of bonds | $ 7,086 | $ 4,085 | ||||||||||||||||
Proceeds from issue of bonds notes and debentures recognized as share subscriptions received | $ 696 | |||||||||||||||||
Cash debt issuance costs | $ 92 | |||||||||||||||||
Aggregate number of shares issued | shares | 21,850 | 3,600 | 3,600 | |||||||||||||||
Class B Units [Member] | Class B Bond [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of bonds issued | 786 | 437 | 72 | |||||||||||||||
Interest rate | 10.00% | 10.00% | 10.00% | |||||||||||||||
Debt financing costs | $ 948 | |||||||||||||||||
Proceeds from issuance of bonds | $ 71,514 | $ 39,615 | $ 6,504 | |||||||||||||||
Price per unit | $ / shares | $ 100 | $ 100 | ||||||||||||||||
Maturity date | September 30, 2023 | September 30, 2023 | September 30, 2023 | |||||||||||||||
Cash debt issuance costs | $ 856 | |||||||||||||||||
Class B Units [Member] | Warrants [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of warrants issued | shares | 4,267 | |||||||||||||||||
Payment of warrant cash commission | $ 576 | |||||||||||||||||
Class A Units [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of units issued | shares | 167 | 37 | ||||||||||||||||
Proceeds from issuance of bonds | $ 16,700 | $ 3,700 | ||||||||||||||||
Price per unit | $ / shares | $ 100 | $ 100 | ||||||||||||||||
Class A Units [Member] | Class A Common Shares [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued, shares | shares | 25 | 25 | ||||||||||||||||
Proceeds from issuance of bonds | $ 719 | $ 174 | ||||||||||||||||
Aggregate number of shares issued | shares | 4,175 | 925 | ||||||||||||||||
Class A Units [Member] | Class A Bond [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Number of bonds issued | 167 | 37 | ||||||||||||||||
Interest rate | 10.00% | 10.00% | ||||||||||||||||
Proceeds from issuance of bonds | $ 15,981 | $ 3,526 | ||||||||||||||||
Price per unit | $ / shares | $ 100 | $ 100 | ||||||||||||||||
Maturity date | September 30, 2022 | September 30, 2022 | ||||||||||||||||
Subsequent Events [Member] | ||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||
Shares issued for debt, shares | shares | 16,273,267 | |||||||||||||||||
Shares issued for debt | $ 1,039,751 | |||||||||||||||||
Shares issued price per share | $ / shares | $ 0.064 | |||||||||||||||||
Number of share options expired | Share | 325,000 | |||||||||||||||||
Number of shares issued due to PSUs vested | shares | 2,000,000 | 2,000,000 |
SHARE CAPITAL (Schedule of Cont
SHARE CAPITAL (Schedule of Continuity of Warrants) (Details) | 12 Months Ended | |
Dec. 31, 2021Share$ / shares | Dec. 31, 2020Share$ / shares | |
Disclosure of classes of share capital [abstract] | ||
Balance | Share | 921,780 | 32,215,433 |
Granted | Share | 120,634 | |
Expired | Share | (921,780) | (31,293,653) |
Balance | Share | 120,634 | 921,780 |
Weighted average exercise price opening balance | $ / shares | $ 0.09 | $ 0.11 |
Weighted average exercise price granted | $ / shares | 0.10 | |
Weighted average exercise price expired | $ / shares | 0.09 | 0.11 |
Weighted average exercise price ending balance | $ / shares | $ 0.10 | $ 0.09 |
SHARE CAPITAL (Schedule of Warr
SHARE CAPITAL (Schedule of Warrants Outstanding and Exercisable) (Details) | 12 Months Ended | ||
Dec. 31, 2021Share$ / shares | Dec. 31, 2020Share$ / shares | Dec. 31, 2019Share$ / shares | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of warrants outstanding | Share | 120,634 | 921,780 | 32,215,433 |
Exercise price | $ / shares | $ 0.10 | $ 0.09 | $ 0.11 |
Warrants outstanding 1 [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of warrants outstanding | Share | 4,267 | ||
Exercise price | $ / shares | $ 0.125 | ||
Expiry date | Oct. 19, 2024 | ||
Warrants outstanding 2 [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of warrants outstanding | Share | 36,114 | ||
Exercise price | $ / shares | $ 0.105 | ||
Expiry date | Nov. 16, 2024 | ||
Warrants outstanding 3 [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of warrants outstanding | Share | 80,253 | ||
Exercise price | $ / shares | $ 0.095 | ||
Expiry date | Dec. 14, 2024 |
SHARE CAPITAL (Schedule of Co_2
SHARE CAPITAL (Schedule of Continuity of Stock Options) (Details) | Dec. 31, 2021Share$ / shares | Dec. 31, 2020Share$ / shares |
Disclosure of classes of share capital [abstract] | ||
Number of options outstanding | Share | 1,275,000 | 1,275,000 |
Exercise price | $ / shares | $ 0.30 | $ 0.30 |
SHARE CAPITAL (Schedule of Stoc
SHARE CAPITAL (Schedule of Stock Options Outstanding and Exercisable) (Details) | 12 Months Ended | |
Dec. 31, 2021Share$ / shares | Dec. 31, 2020Share | |
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||
Number of options outstanding | 1,275,000 | 1,275,000 |
Options exercisable | 1,275,000 | |
Exercise price | $ / shares | $ 0.30 | |
Remaining life (years) | 10 months 24 days | |
Options outstanding 1 [Member] | ||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||
Number of options outstanding | 325,000 | |
Options exercisable | 325,000 | |
Exercise price | $ / shares | $ 0.45 | |
Remaining life (years) | 2 months 15 days | |
Expiry date | March 17, 2022 | |
Options outstanding 2 [Member] | ||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | ||
Number of options outstanding | 950,000 | |
Options exercisable | 950,000 | |
Exercise price | $ / shares | $ 0.25 | |
Remaining life (years) | 1 year 1 month 17 days | |
Expiry date | February 17, 2023 |
CAPITAL DISCLOSURE (Narrative)
CAPITAL DISCLOSURE (Narrative) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure Of Capital Disclosure [Abstract] | ||||
Shareholders' deficiency | $ (14,798,215) | $ (11,443,589) | $ (8,302,017) | $ (265,588) |
FINANCIAL INSTRUMENTS AND RIS_2
FINANCIAL INSTRUMENTS AND RISK (Narrative) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | ||
Accounts receivable | $ 4,819,388 | $ 1,166,502 |
Provision of credit losses | 7,617 | 36,381 |
Working capital deficiency | 16,749,316 | 19,124,583 |
Deposits from customers | $ 5,301,501 | $ 5,621,307 |
Currency Risk [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Confidence interval | 7.00% | 17.00% |
Foreign exchange gain (loss) | $ 1,639,528 | $ 470,007 |
Interest rate risk [Member] | Minimum [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Borrowings, interest rate | 12.00% | |
Interest rate risk [Member] | Maximum [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Borrowings, interest rate | 18.00% |
FINANCIAL INSTRUMENTS AND RIS_3
FINANCIAL INSTRUMENTS AND RISK (Schedule of credit risk of accounts receivable ) (Details) - Credit risk [member] - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | $ 2,996,655 | $ 198,801 |
Accruals | 900,675 | 400,020 |
Taxes receivable | 862,528 | 491,658 |
Other receivables | 59,530 | 76,023 |
Total accounts receivable | $ 4,819,388 | $ 1,166,502 |
FINANCIAL INSTRUMENTS AND RIS_4
FINANCIAL INSTRUMENTS AND RISK (Schedule of credit risk aging of accounts receivable ) (Details) - Credit risk [member] - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | $ 2,996,655 | $ 198,801 |
Current [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | 2,717,464 | |
0 - 30 Days [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | 151,481 | |
31 - 60 Days [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | 29,711 | |
61 - 90 Days [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | 3,621 | |
After 90 Days [Member] | ||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||
Accounts receivable | $ 94,378 |
FINANCIAL INSTRUMENTS AND RIS_5
FINANCIAL INSTRUMENTS AND RISK (Schedule of Maturities of Financial Liabilities Undiscounted Contractual Cash Flows) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Loans payable | $ 4,208,925 | $ 3,440,732 | |
Loans from related parties | 1,560,394 | 3,870,748 | |
Bonds payable | 1,905,577 | 1,882,750 | |
Lease liability | 2,332,405 | $ 1,685,678 | $ 2,703,129 |
Carrying amount [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 10,039,853 | ||
Interest payable | 668,805 | ||
Loans payable | 14,321,874 | ||
Loans from related parties | 1,560,394 | ||
Bonds payable | 1,905,577 | ||
Lease liability | 2,332,405 | ||
Total | 30,828,908 | ||
Contractual cash flows [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 10,039,853 | ||
Interest payable | 668,805 | ||
Loans payable | 14,321,874 | ||
Loans from related parties | 1,560,394 | ||
Bonds payable | 1,905,577 | ||
Lease liability | 8,871,097 | ||
Total | 37,367,600 | ||
Less than 1 year [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 10,039,853 | ||
Interest payable | 294,826 | ||
Loans payable | 4,208,925 | ||
Loans from related parties | 1,560,394 | ||
Bonds payable | 0 | ||
Lease liability | 790,036 | ||
Total | 16,894,034 | ||
1 - 3 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 0 | ||
Loans payable | 232,288 | ||
Loans from related parties | 0 | ||
Bonds payable | 1,905,577 | ||
Lease liability | 2,370,107 | ||
Total | 4,507,973 | ||
4 - 5 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 0 | ||
Loans payable | 95,266 | ||
Loans from related parties | 0 | ||
Bonds payable | 0 | ||
Lease liability | 1,397,191 | ||
Total | 1,492,456 | ||
After 5 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 373,979 | ||
Loans payable | 9,785,395 | ||
Loans from related parties | 0 | ||
Bonds payable | 0 | ||
Lease liability | 4,389,367 | ||
Total | $ 14,548,741 |
FINANCIAL INSTRUMENTS AND RIS_6
FINANCIAL INSTRUMENTS AND RISK (Schedule of Financial Instruments Denominated in Foreign Currencies) (Details)) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | $ 1,059,386 | $ 122,759 | $ 56,629 | $ 346,103 |
Lease liability | (2,332,405) | (1,685,678) | $ (2,703,129) | |
Loans payable | (4,208,925) | (3,440,732) | ||
Loans from related parties | (1,560,394) | $ (3,870,748) | ||
Currency risk [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 985,125 | |||
Amounts receivable | 7,461,725 | |||
Accounts payable and accrued liabilities | (8,370,319) | |||
Customer deposits | (5,301,501) | |||
Interest payable | (465,313) | |||
Lease liability | (2,332,405) | |||
Loans payable | (12,898,735) | |||
Net | (20,921,396) | |||
Currency risk [Member] | Argentinian Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 95,002 | |||
Amounts receivable | 433,233 | |||
Accounts payable and accrued liabilities | (159,733) | |||
Customer deposits | 0 | |||
Interest payable | 0 | |||
Lease liability | 0 | |||
Loans payable | 0 | |||
Net | (368,502) | |||
Currency risk [Member] | Colombian Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 750,276 | |||
Amounts receivable | 6,608,587 | |||
Accounts payable and accrued liabilities | (7,145,543) | |||
Customer deposits | (4,382,299) | |||
Interest payable | (465,313) | |||
Lease liability | (2,244,504) | |||
Loans payable | (12,777,514) | |||
Net | (19,656,310) | |||
Currency risk [Member] | Mexican Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 8,891 | |||
Amounts receivable | 419,240 | |||
Accounts payable and accrued liabilities | (584,213) | |||
Customer deposits | (917,284) | |||
Interest payable | 0 | |||
Lease liability | (87,901) | |||
Loans payable | (121,221) | |||
Net | (1,282,488) | |||
Currency risk [Member] | United States Dollars [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 130,955 | |||
Amounts receivable | 692 | |||
Accounts payable and accrued liabilities | (480,830) | |||
Customer deposits | (1,917) | |||
Interest payable | 0 | |||
Lease liability | 0 | |||
Loans payable | 0 | |||
Net | $ (351,100) |
ECONOMIC DEPENDENCE (Narrative)
ECONOMIC DEPENDENCE (Narrative) (Details) - Customers | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Economic Dependence Narrative Details [Abstract] | ||
Percentage of revenue of major customers | 82.00% | 75.00% |
Number of sales customers | 3 | 2 |
ECONOMIC DEPENDENCE (Schedule o
ECONOMIC DEPENDENCE (Schedule of sales to individual customers exceeding 10% revenues) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of major customers [line items] | |||
Revenues | $ 10,687,626 | $ 9,126,082 | $ 5,413,594 |
Customer A [Member] | |||
Disclosure of major customers [line items] | |||
Revenues | 4,345,189 | 5,134,327 | |
Customer B [Member] | |||
Disclosure of major customers [line items] | |||
Revenues | 2,997,731 | 1,871,092 | |
Customer C [Member] | |||
Disclosure of major customers [line items] | |||
Revenues | $ 1,429,481 |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION (Schedule of Supplemental Cash Flow Information) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Supplemental Cash Flow Information [Abstract] | |||
Amounts receivable | $ (3,892,623) | $ 542,054 | $ (1,341,845) |
Prepaid expenses and deposits | (3,200,676) | (131,697) | 83,535 |
Deferred Cost | (1,223,395) | 0 | 0 |
Unbilled revenues | 0 | 111,845 | (107,099) |
Other receivable | 0 | 0 | 67,143 |
Bank indebtedness | 0 | 0 | (39,464) |
Accounts payable and accrued liabilities | 4,581,698 | 612,050 | (725,292) |
Interest payable | 18,527 | 292,365 | 488,997 |
Deferred revenue | (278,443) | (167,096) | 259,182 |
Customer deposits | 431,106 | 1,184,170 | 8,470,889 |
Income tax payable | (2,363) | 247,500 | 373,196 |
Changes in non-cash working capital items | $ (3,566,169) | $ 2,691,191 | $ 7,529,242 |
SEGMENTED INFORMATION (Narrativ
SEGMENTED INFORMATION (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2021 | |
Disclosure of operating segments [abstract] | |
Number of operating segments | three |
SEGMENTED INFORMATION (Segmente
SEGMENTED INFORMATION (Segmented Information-term, Long-term Assets And Net-income For Reportable Segment) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of operating segments [line items] | |||
Current assets | $ 7,554,418 | $ 1,691,241 | |
Total Assets | 21,886,971 | 11,109,460 | |
Revenues: | |||
Total revenue | 10,687,626 | 9,126,082 | $ 5,413,594 |
Net income (loss) | (4,594,288) | (3,674,304) | $ (8,147,268) |
Argentina [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 534,112 | 679,144 | |
Property and equipment | 18,445 | 2,680,675 | |
Other non-current assets | 0 | 773,279 | |
Total Assets | 552,557 | 4,133,098 | |
Revenues: | |||
Tower rental revenue | 678,002 | 945,647 | |
Service revenue | 0 | 0 | |
Sales revenue | 2,238,087 | 1,244,773 | |
Total revenue | 2,916,089 | 2,190,420 | |
Net income (loss) | (1,287,808) | (2,388,551) | |
Colombia [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 6,043,886 | 448,193 | |
Property and equipment | 10,668,693 | 2,989,580 | |
Other non-current assets | 2,375,403 | 976,278 | |
Total Assets | 19,087,982 | 4,414,051 | |
Revenues: | |||
Tower rental revenue | 2,014,364 | 550,418 | |
Service revenue | 3,416,385 | 0 | |
Sales revenue | 0 | 14,439 | |
Total revenue | 5,430,749 | 564,857 | |
Net income (loss) | 1,083,294 | 328,258 | |
Mexico [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 428,915 | 465,316 | |
Property and equipment | 1,767,875 | 437,596 | |
Other non-current assets | 161,191 | 135,876 | |
Total Assets | 2,357,981 | 1,038,788 | |
Revenues: | |||
Tower rental revenue | 147,902 | 278,281 | |
Service revenue | 0 | 0 | |
Sales revenue | 10,370 | 5,119,888 | |
Total revenue | 158,272 | 5,398,169 | |
Net income (loss) | (611,696) | 1,078,190 | |
United States of America [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 128,887 | 1,938 | |
Property and equipment | 38,753 | 51,278 | |
Other non-current assets | 0 | 0 | |
Total Assets | 167,640 | 53,216 | |
Revenues: | |||
Tower rental revenue | 0 | 0 | |
Service revenue | 0 | 346,317 | |
Sales revenue | 0 | 0 | |
Total revenue | 0 | 346,317 | |
Net income (loss) | 14,443 | 1,261,084 | |
Other [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 418,618 | 96,650 | |
Property and equipment | (697,807) | 15,999 | |
Other non-current assets | 0 | 1,357,658 | |
Total Assets | (279,189) | 1,470,307 | |
Revenues: | |||
Tower rental revenue | 0 | 0 | |
Service revenue | 2,182,516 | 626,319 | |
Sales revenue | 0 | 0 | |
Total revenue | 2,182,516 | 626,319 | |
Net income (loss) | (3,792,521) | (3,953,285) | |
Total [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 7,554,418 | 1,691,241 | |
Property and equipment | 11,793,959 | 6,175,128 | |
Other non-current assets | 2,536,594 | 3,243,091 | |
Total Assets | 21,886,971 | 11,109,460 | |
Revenues: | |||
Tower rental revenue | 2,840,268 | 1,774,346 | |
Service revenue | 5,598,901 | 972,636 | |
Sales revenue | 2,248,457 | 6,379,100 | |
Total revenue | 10,687,626 | 9,126,082 | |
Net income (loss) | $ (4,594,288) | $ (3,674,304) |
LEGAL DISCLOSURE (Narrative) (D
LEGAL DISCLOSURE (Narrative) (Details) | Dec. 31, 2021ARS ($) | Dec. 31, 2021CAD ($) | Jun. 03, 2021CAD ($) |
Quilmes [Member] | |||
Disclosure of geographical areas [line items] | |||
Claims against Evolution for dismantling towers | $ 1,489,005 | $ 18,536 | |
Asset Transfer Agreement [Member] | |||
Disclosure of geographical areas [line items] | |||
Amount of maximum liability | $ 300,000 |
INCOME TAXES (Narrative) (Detai
INCOME TAXES (Narrative) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | $ 25,666,000 | $ 26,814,000 |
Canada [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | 19,967,000 | 19,956,000 |
Argentina [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | 5,233,000 | 4,012,000 |
Mexico [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | ||
United States of America [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | $ 466,000 | $ 2,846,000 |
INCOME TAXES (Schedule of Tax E
INCOME TAXES (Schedule of Tax Effect Computed by Applying Federal and Provincial/State Statutory Rates) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |||
Net loss before income taxes | $ (4,594,288) | $ (3,674,304) | $ (8,147,268) |
Statutory income tax rate | 27.00% | 27.00% | |
Income tax recovery | $ (1,240,458) | $ (992,062) | |
Differences between Canadian and foreign tax rates | (83,782) | (95,362) | |
Permanent differences and others | (249,362) | (76,522) | |
Impact of foreign exchange | (125,223) | 142,767 | |
Under provided in prior years | 96,482 | 363,357 | |
Effect of change in income tax rates | 4,187 | 164,204 | |
Temporary differences | 1,657,957 | 316,758 | |
Change in unrecognized losses | 25,468 | 363,420 | |
Total tax effects | 85,269 | 186,560 | |
Current income tax expense | 85,269 | 186,560 | 380,863 |
Deferred income tax recovery | 0 | 0 | $ (322,289) |
Total income tax expense (recovery) | $ 0 | $ 0 |
INCOME TAXES (Schedule of Signi
INCOME TAXES (Schedule of Significant Components of Deferred Income Tax Assets and Liabilities) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | $ 833,756 | $ 989,191 |
Deferred income tax liability | (833,756) | (989,191) |
Net deferred tax asset (liability) | 0 | 0 |
Non-capital loss carry-forwards [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 88,066 | 487,721 |
Property and equipment [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 23,524 | 0 |
Lease liabilities [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 722,166 | 501,470 |
Excess of carrying value over tax value of right-of-use assets [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax liability | (784,732) | (561,508) |
Excess of carrying value over tax value of intangible assets [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax liability | (10,084) | (389,728) |
Excess of carrying value over tax value of bonds payable [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax liability | (38,940) | (19,317) |
Excess of carrying value over property and equipment [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax liability | $ 0 | $ (18,638) |
INCOME TAXES (Schedule of unrec
INCOME TAXES (Schedule of unrecognized tax benefits and unused taxes) (Details) - CAD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | $ 28,752,991 | $ 27,797,564 |
Non-capital losses carried forward [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | 25,418,239 | 24,441,678 |
Property and equipment [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | 3,426 | 7,337 |
Share issuance costs [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | 333 | 17,556 |
Capital losses carried forward [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | 3,294,836 | 3,294,836 |
Lease liabilities [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Unrecognized deductible temporary differences | $ 36,157 | $ 36,157 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) | Jan. 10, 2022shares | Mar. 17, 2022Share | Jan. 18, 2022CAD ($)$ / sharesshares | Apr. 30, 2020CAD ($)shares | Dec. 31, 2021CAD ($)shares |
Disclosure of non-adjusting events after reporting period [line items] | |||||
Shares issued for debt | $ 24,286 | ||||
Shares issued for debt, shares | shares | 714,286 | ||||
Subsequent Events [Member] | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Number of shares issued due to PSUs vested | shares | 2,000,000 | 2,000,000 | |||
Shares issued for debt | $ 1,039,751 | ||||
Shares issued for debt, shares | shares | 16,273,267 | ||||
Shares issued price per share | $ / shares | $ 0.064 | ||||
Number of share options expired | Share | 325,000 | ||||
Repayment of bonds payable | $ 146,000 | ||||
Bonds subject to repayment at year end | $ 207,700 |