Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

13. INTANGIBLE ASSETS AND GOODWILL: Schedule of Finite-Lived Intangible Assets and Goodwill (Tables)

v3.21.2
13. INTANGIBLE ASSETS AND GOODWILL: Schedule of Finite-Lived Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Finite-Lived Intangible Assets and Goodwill

 

 

 

Platinum Vapes

license

 

Platinum Vapes

brand

 

1251881

B.C. Ltd.

license

 

Total

Cost

 

 

 

 

 

 

 

 

Balances, December 31, 2019

$

-

$

-

$

-

$

-

Acquired from Platinum Vapes

 

29,907,250

 

33,991,500

 

-

 

63,898,750

Acquired from 1251881 B.C. Ltd.

 

-

 

-

 

101,887,000

 

101,887,000

Additions

 

-

 

-

 

-

 

-

Disposals

 

-

 

-

 

-

 

-

Translation Adjustment

 

(1,005,610)

 

(1,142,940)

 

-

 

(2,148,550)

Balance, December 31, 2020

$

28,901,640

$

32,848,560

$

101,887,000

$

163,637,200

Accumulated amortization

 

 

 

 

 

 

 

 

Balances, December 31, 2019

$

-

$

-

$

-

$

-

Amortization

 

-

 

-

 

10,658,167

 

10,658,167

Disposals

 

-

 

-

 

-

 

-

Translation Adjustment

 

-

 

-

 

-

 

-

Balance, December 31, 2020

$

-

$

-

$

10,658,167

$

10,658,167

Balances, December 31, 2019

$

-

$

-

$

-

$

-

Balances, December 31, 2020

$

28,901,640

$

32,848,560

$

91,228,833

$

152,979,033