17. LEASE LIABILITIES
|12 Months Ended|
Dec. 31, 2020
|17. LEASE LIABILITIES||
The Company's leases are comprised of leases premises and offices. The Company's liabilities as of December 31, 2020 were as follows:
The Company has a lease for manufacturing and distribution facility in San Diego, which expires on October 15, 2022. The lease was accounted for under IFRS 16, using an incremental borrowing rate of 6.00%. The Company recognized a right-of-use asset of $392,188 and a corresponding lease liability of $392,469.
Total lease payments are as follows:
The Company has a lease for office space in Concord, which expires on October 1, 2022. The Company's future monthly rental payments for this office space are approximately $72,450.
The entire disclosure for leases.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef