Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2019shares | |
Cover [Abstract] | |
Entity Registrant Name | TOWER ONE WIRELESS CORP. |
Entity Central Index Key | 0001579026 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2019 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Entity a Well-known Seasoned Issuer | No |
Entity a Voluntary Filer | No |
Entity Interactive Data Current | No |
Entity Filer Category | Non-accelerated Filer |
Entity Common Stock, Shares Outstanding | 93,389,446 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2019 |
Document Annual Report | true |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Transition Report | false |
Document Shell Company Report | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash | $ 56,629 | $ 346,103 |
Amounts receivable | 1,808,397 | 454,024 |
Prepaid expenses and deposits | 234,091 | 308,153 |
Unbilled revenues | 109,064 | |
Assets held for sale | 751,726 | 1,116,376 |
Total current assets | 2,959,907 | 2,224,656 |
Other receivables | 292,118 | |
Intangible assets other than goodwill | 1,602,728 | 1,843,589 |
Right-of-use asset | 2,706,368 | |
Property and equipment | 8,732,046 | 8,221,477 |
Total assets | 16,001,049 | 12,581,840 |
Current Liabilities | ||
Bank indebtedness | 39,464 | |
Trade and other current payables | 4,035,983 | 3,705,748 |
Income tax payable | 380,863 | |
Interest payable | 357,913 | 408,152 |
Deferred revenue | 443,500 | 182,878 |
Customer deposits | 8,526,085 | |
Current portion of lease liabilities | 206,079 | |
Convertible debentures | 745,000 | 1,387,624 |
Promissory note payable | 1,780,822 | |
Loans payable | 1,263,055 | 1,537,930 |
Loans from related parties | 4,060,187 | 2,616,584 |
Total current liabilities | 20,018,665 | 11,659,202 |
Long-term portion of lease liabilities | 2,497,050 | |
Bonds payable | 1,787,351 | 865,937 |
Deferred income tax liability | 0 | 322,289 |
Total Liabilities | 24,303,066 | 12,847,428 |
Shareholders' Deficiency | ||
Share capital | 16,876,382 | 16,876,382 |
Share subscriptions | (30,000) | (30,000) |
Contributed surplus | 2,303,721 | 2,089,462 |
Non-controlling interest | (3,357,287) | 162,471 |
Deficit | (23,585,459) | (19,009,676) |
Accumulated other comprehensive loss | (509,374) | (354,227) |
Total Shareholders' Equity | (8,302,017) | (265,588) |
Total Equity and Liabilities | $ 16,001,049 | $ 12,581,840 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Profit or loss [abstract] | |||
Revenues | $ 5,413,594 | $ 1,556,742 | $ 200,498 |
Cost of sales | 2,879,546 | ||
Gross profit | 2,534,048 | 1,556,742 | 200,498 |
Expenses | |||
Advertising and promotion | 46,789 | 1,403,270 | 1,199,150 |
Amortization | 1,261,964 | 436,902 | 94,468 |
Bad debts | 150,551 | ||
Foreign exchange | 2,820,547 | 754,999 | |
Interest, financing charges and accretion | 1,912,553 | 769,322 | 380,864 |
Maintenance and operations | 1,001,161 | 1,517,698 | 301,915 |
Office and miscellaneous | 949,670 | 675,553 | 128,184 |
Professional fees and consulting | 2,366,030 | 1,834,575 | 1,710,312 |
Share-based compensation | 1,913,692 | 3,693,799 | |
Transfer agent and filing fees | 13,790 | 44,983 | |
Travel | 214,065 | 201,888 | 333,366 |
Total Expenses | 10,737,120 | 9,552,882 | 7,842,058 |
Loss before other items | (8,203,072) | (7,996,140) | (7,641,560) |
Other items | |||
Listing expense | (1,144,167) | ||
Loss on extinguishment of debt | (393,026) | ||
Impairment | (1,306,767) | (2,132,942) | (461,360) |
Impairment of advances and loans receivable | (224,975) | (225,732) | (286,289) |
Write-off of VAT receivable | (48,735) | (13,859) | (435,301) |
Gain on net monetary position | 2,087,881 | 924,340 | |
Total other income (expenses) | 114,378 | (1,448,193) | (2,327,117) |
Net loss before income taxes | (8,088,694) | (9,444,333) | (9,968,677) |
Current income tax expense | (380,863) | 0 | 0 |
Deferred income tax recovery | 322,289 | 313,048 | 105,000 |
Net loss | (8,147,268) | (9,131,285) | (9,863,677) |
Item that will not be reclassified to profit or loss | |||
Foreign exchange translation adjustment | (327,696) | (480,132) | (59,631) |
Comprehensive loss | (8,474,964) | (9,611,417) | (9,923,308) |
Net loss attributable to: | |||
Shareholders of the Company | (4,977,237) | (9,112,971) | (9,583,550) |
Non-controlling interest | (3,170,031) | (18,314) | (280,127) |
Net loss | (8,147,268) | (9,131,285) | (9,863,677) |
Other comprehensive loss attributable to: | |||
Shareholders of the Company | (155,147) | (326,928) | (18,120) |
Non-controlling interest | (172,549) | (153,204) | (41,241) |
Other comprehensive loss | $ (327,696) | $ (480,132) | $ (59,361) |
Loss per common share - basic and diluted | $ (0.13) | $ (0.10) | $ (0.16) |
Weighted average common shares outstanding | 63,389,446 | 88,307,259 | 58,115,156 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Equity (Deficiency) - CAD ($) | Number of Common shares [Member] | Subscriptions Receivable [Member] | Contributed Surplus [Member] | Deficit [Member] | Accumulated other comprehensive income [Member] | Deficiency attributable to equity shareholders of the company [Member] | Non-controlling interests [member] | Total |
Balance at Dec. 31, 2016 | $ 4,300 | $ (313,155) | $ (9,179) | $ (318,034) | $ (318,034) | |||
Balance, shares at Dec. 31, 2016 | 10,000 | |||||||
Derecognition of Tower Three shares | (10,000) | |||||||
Shares issuance to Tower Three shareholders | 30,000,000 | |||||||
Recognition of shares issued to Tower One shareholders | $ 1,010,383 | 1,010,383 | 1,010,383 | |||||
Recognition of shares issued to Tower One shareholders, shares | 6,735,885 | |||||||
Shares issued to Rojo | $ 175,000 | 175,000 | 175,000 | |||||
Shares issued to Rojo, shares | 500,000 | |||||||
Share issued for acquisition of Evolution/ controlled subsidiary | $ 480,000 | 480,000 | 480,000 | |||||
Share issued for acquisition of Evolution/ controlled subsidiary, shares | 1,500,000 | |||||||
Acquisition of Evolution | $ 509,524 | 509,524 | ||||||
Exercise of stock options, shares | 11,130,435 | |||||||
Exercise of stock options | $ 5,401,212 | $ (2,715,213) | 2,685,999 | 2,685,999 | ||||
Exercise of warrants | $ 1,132,340 | 1,132,340 | 1,132,340 | |||||
Exercise of warrants, shares | 3,774,466 | |||||||
Shares issued for services | $ 340,000 | 340,000 | 340,000 | |||||
Shares issued for services, shares | 1,000,000 | |||||||
Shares issued for cash, net | $ 2,092,651 | 142,319 | 2,234,970 | 2,234,970 | ||||
Shares issued for cash, net, shares | 15,484,912 | |||||||
Share subscriptions received | $ 170,000 | 170,000 | 170,000 | |||||
Share-based compensation | 3,917,778 | 3,917,778 | 3,917,778 | |||||
Net loss | (9,583,550) | (9,583,550) | (280,127) | (9,863,677) | ||||
Other comprehensive loss | (18,120) | (18,120) | (41,241) | (59,361) | ||||
Balance at Dec. 31, 2017 | $ 10,635,886 | 170,000 | 1,344,884 | (9,896,705) | (27,299) | 2,226,766 | 188,156 | $ 2,414,922 |
Balance, shares at Dec. 31, 2017 | 70,125,698 | |||||||
Exercise of stock options, shares | 5,600,000 | 5,600,000 | ||||||
Exercise of stock options | $ 2,460,301 | (200,000) | (1,200,301) | 1,060,000 | $ 1,060,000 | |||
Exercise of warrants | $ 2,166,300 | 2,166,300 | 2,166,300 | |||||
Exercise of warrants, shares | 8,665,201 | |||||||
Shares issued for services | $ 110,395 | 110,395 | 110,395 | |||||
Shares issued for services, shares | 525,690 | |||||||
Shares issued for subscriptions received | $ 30,000 | (30,000) | ||||||
Shares issued for subscriptions received, shares | 142,857 | |||||||
Shares issued for debt | $ 156,000 | 156,000 | 156,000 | |||||
Shares issued for debt, shares | 780,000 | |||||||
Shares issued for acquisition of Mexmaken | $ 1,312,500 | 1,312,500 | 145,833 | 1,458,333 | ||||
Shares issued for acquisition of Mexmaken, shares | 7,500,000 | |||||||
Share subscriptions received | 30,000 | 30,000 | 30,000 | |||||
Share-based compensation | 1,913,692 | 1,913,692 | 1,913,692 | |||||
Shares Issued During Period Value | $ 5,000 | 5,000 | 5,000 | |||||
Shares Issued During Period | 50,000 | |||||||
Fair value of warrants issued for Bond issuance cost | 28,514 | 28,514 | 28,514 | |||||
Issue of convertible instruments | 2,673 | 2,673 | 2,673 | |||||
Net loss | (9,112,971) | (9,112,971) | (18,314) | (9,131,285) | ||||
Other comprehensive loss | (326,928) | (326,928) | (153,204) | (480,132) | ||||
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 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 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Cash flows from operating activities | |||
Net loss from continuing operations | $ (8,147,268) | $ (9,131,285) | $ (9,863,677) |
Item not affection cash: | |||
Accretion | 107,376 | 70,341 | 219,990 |
Accrued interest | 583,883 | ||
Amortization | 1,261,964 | 436,902 | 94,468 |
Allowance for VAT | 48,735 | 13,859 | 435,301 |
Gain on sale of towers | (664,446) | ||
Deferred income tax recovery | (322,289) | (313,048) | (105,000) |
Foreign exchange | 2,719,037 | 2,131,449 | 389,720 |
Gain on net monetary position | (1,921,376) | (924,340) | |
Impairment | 1,306,767 | 2,358,674 | 292,538 |
Impairment of advances and loans receivable | 224,975 | ||
Listing expense | 1,144,167 | ||
Loss on extinguishment of debt | 393,026 | ||
Share-based compensation | 1,913,692 | 3,693,799 | |
Shares issued for services | 110,395 | 340,000 | |
Changes in non-cash working capital items | 7,529,242 | 2,131,158 | (1,811,433) |
Cash provided by (used in) operating activities | 3,119,626 | (1,202,203) | (5,170,127) |
Cash flows from investing activities | |||
Cash received from acquisitions | 18,436 | 1,382,859 | |
Cash paid for acquisitions | (106,121) | (466,260) | |
Cash received from disposition | 258,001 | ||
Addition of property and equipment | (3,634,144) | (8,436,633) | (2,887,196) |
Cash used in investing activities | (3,482,264) | (8,418,197) | (1,970,597) |
Cash flows from financing activities | |||
Shares issued for cash, net | 30,000 | 3,367,310 | |
Exercise of stock options and warrants | 3,226,300 | 2,686,000 | |
Subscriptions received | 170,000 | ||
Proceeds from convertible debts, net | 1,376,914 | ||
Repayment of convertible debts | (750,000) | ||
Proceeds from bonds payable, net | 859,560 | 888,996 | |
Loans received | 1,173,953 | 1,756,309 | |
Repayment of loans | (1,467,004) | (156,819) | |
Loans from related parties | 1,969,187 | 1,366,710 | 1,317,225 |
Repayment of loans from related parties | (1,140,500) | (534,612) | (125,450) |
Lease payments | (570,512) | ||
Promissory note received | 1,728,480 | ||
Cash provided by financing activities | 74,684 | 9,682,278 | 7,415,085 |
Foreign exchange on cash | (1,520) | ||
Change in cash | (289,474) | 61,878 | 274,361 |
Cash, beginning | 346,103 | 284,225 | 9,864 |
Cash, ending | 56,629 | 346,103 | 284,225 |
Property and equipment additions in accounts payable and accrued liabilities | 1,019,581 | ||
Cash paid for interest | 635,717 | 50,000 | 24,399 |
Cash paid for income taxes | $ 0 | $ 0 | $ 0 |
NATURE OF OPERATIONS AND GOING
NATURE OF OPERATIONS AND GOING CONCERN | 12 Months Ended |
Dec. 31, 2019 | |
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. On January 17, 2017, Tower One completed a Share Exchange Agreement (the "Agreement") with Tower Three SAS ("Tower Three") and the shareholders of Tower Three. According to the Agreement, Tower One acquired Tower Three by issuing shares which resulted in the shareholders of Tower Three obtaining control of the Company (the "Acquisition"). Accordingly, this transaction was recorded as a reverse acquisition for accounting purposes, with Tower Three being identified as the accounting acquirer (Note 5). 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, 2019, the Company had a working capital deficiency of $17,058,758 (2018 - $9,434,546) and an accumulated deficit of $23,585,459 (2018 - $19,009,676) which has been funded primarily by loans from related 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. |
STATEMENT OF COMPLIANCE AND BAS
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION | 12 Months Ended |
Dec. 31, 2019 | |
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 June 15, 2020. Effective January 1, 2019, the Company adopted IFRS 16 Leases ("IFRS 16"). IFRS 16 was adopted retrospectively with no restatement of comparative periods, as permitted by the transition provisions of the standard (Note 3). (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. These consolidated financial statements include the accounts of the following entities as at December 31, 2019: Percentage of Functional Entity Country ownership currency Tower One Wireless Corp. ("Tower One") Canada Parent Canadian dollar Tower Two SAS ("Tower Two") Argentina 100% Argentina Peso Tower Three SAS ("Tower Three") Colombia 100% Colombian Peso Tower 3 SA ("Tower 3") Argentina 100% Argentina Peso Innervision SAS ("Innervision") Colombia 100% Colombian Peso Evolution Technology SA ("Evolution") Argentina 65% Argentina Peso Tower Construction & Technical Services, LLC ("TCTS") USA 50% US dollar Comercializadora Mexmaken, S.A. de C.V. ("Mexmaken") Mexico 90% Mexican Peso These consolidated financial statements include the accounts of the Company and the following subsidiaries as at December 31, 2018: Percentage of Functional Entity Country ownership currency Tower One Wireless Corp. Canada Parent Canadian dollar Tower Two SAS Argentina 100% Argentina Peso Tower Three SAS Colombia 100% Colombian Peso Tower 3 SA Argentina 100% Argentina Peso Innervision SAS Colombia 90% Colombian Peso Evolution Technology SA Argentina 65 Argentina Peso Tower Construction & Technical Services, LLC USA 70 US dollar Comercializadora Mexmaken, S.A. de C.V. Mexico 90% Mexican Peso 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. 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. 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. Determining fair value requires management to use estimates that could be material. 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 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 with employees by reference to the fair value of services performed, and if the fair value of the services performed is not readily determinable, at the fair value of the equity instruments at the date at which 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 18. Actual results may differ from these estimates and assumptions. The estimates and underlying assumptions are reviewed on an ongoing basis. 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. (iii) (iv) (v) Nil (vi) The carrying value of the convertible debentures is subject to management's estimates in determining an appropriate discount rate based on similar instruments with no conversion features. 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. The determination of fair value of assets acquired requires management to make assumptions and estimates about future events. The assumptions and estimates with respect to determining the fair value of the assets acquired require judgment and include estimates of future cash flows. 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 may cast significant doubt upon the Company's ability to continue as a going concern. Further information regarding going concern is outlined in Note 1. (ii) 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. (iii) The determination of the acquirer in business acquisitions is subject to judgment and requires the Company to determine which party obtains control of the combining entities. Management applies judgment in determining control by assessing the following three factors: whether the Company has power; whether the Company has exposure or rights to variable returns; and whether the Company has the ability to use its power to affect the amount of its returns. In exercising this judgment, management reviewed the representation on the Board of Directors and key management personnel, the party that initiated the transaction, and each of the entities' activities. The assessment of whether an acquisition constitutes a business is also subject to judgment and requires the Company to review whether the acquired entity contains all three elements of a business, including inputs, processes and the ability to create output. (iv) The application of the Company's accounting policy for intangible assets expenditures requires judgment in determining whether it is likely that future economic benefits will flow to the Company, which may be based on assumptions about future events or circumstances. Estimates and assumptions may change if new information becomes available. If, after expenditures are capitalized, information becomes available suggesting that the recovery of expenditures is unlikely, the amount capitalized is written off in profit or loss in the period the new information becomes available. (v) 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. (vi) 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 timeframe 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. (vii) 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. (viii) 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. (ix) 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. (x) Judgment is required in applying IFRS 9 Financial Instruments to determine whether the amended terms of the loan agreement is a substantial modification of an existing financial liability and whether it should be accounted for as an extinguishment of the original financial liabilities. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2019 | |
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's leasing revenue is derived from lease arrangements to obtain rights to use the Company's equipment. 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. The Company earns revenue from tower sales. Tower sales revenue is recognized when the control over goods is transferred to the customer. As such, the revenue is recognized 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. The Company also earns revenues from installation, technical and maintenance services. 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, 2019, an unrealized foreign exchange translation loss of $327,696 (2018 - $480,132; 2017 - $59,631) was recorded under accumulated other comprehensive loss as a result of changes in the value of the Colombian Peso, Argentina 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. Amortization of the towers is calculated on the declining-balance basis over the agreement or lease terms Furniture and equipment - between 10% and 33.3% declining balance 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. 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. 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 has adopted a 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: Those to be measured subsequently at fair value (either through Other Comprehensive Income ("OCI"), or through profit or loss), and Those to be measured at amortized cost. 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. Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss that is subsequently measured at amortized cost is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is included as finance income using the effective interest rate method. Fair value through OCI ("FVOCI"): A financial asset measured at FVOCI is measured at fair value with changes in fair value included as "financial asset at fair value through other comprehensive income" in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income remain in OCI when the financial instrument is derecognized or its fair value substantially decreases. Fair value through profit or loss: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVTPL. A gain or loss on an investment that is subsequently measured at FVTPL is recognized in profit or loss in which it arises. The Company has classified its cash, amounts receivables and other receivable as FVTPL. Financial liabilities The Company classifies its financial liabilities into the following categories: Financial liabilities at FVTPL; and Amortized cost. 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 amount of change in the fair value that is attributable to changes in the credit risk of the liability is presented in OCI; and the remaining amount of the change in the fair value is presented in profit or loss. 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 bank indebtedness, 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 or at the instrument's maturity date. The conversion option classified as equity is determined by deducting the amount of the liability component from the fair 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 retained earnings. 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: the amount of gain or loss relating to the original liability component is recognized in profit or loss; and the amount of consideration relating to the original equity component is recognized in equity in contributed surplus. The amount recognized in convertible debentures equity reserve attributable to the extinguished convertible debentures is also transferred to contributed surplus. On January 1, 2019, the Company adopted the following accounting pronouncements retrospectively with no restatement of comparative periods: IFRS 16 Leases The following is the new accounting policy for leases under IFRS 16. 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 the in the period in which they are incurred. The ROU assets are presented within "Right-of-use assets" and the lease liabilities are presented in "Lease liability" on the consolidated statements of financial position. The comparative figures for the 2018 reporting period have not been restated and are accounted for under IAS 17 Leases Determining Whether an Arrangement Contains a Lease The Company applied the exemption not to recognize ROU assets and lease liabilities for leases with less than 12 months of lease term and leases for low-value assets when applying IFRS 16 to leases previously classified as operating leases under IAS 17. The Company has land leases for its towers built on them and is classified as operating leases under IAS 17. Upon transition to IFRS 16, these lease liabilities were measured at the present value of the remaining lease payments and discounted using an incremental borrowing rate of 15% for Tower 3 and Mexmaken, and 35% for Evolution as of January 1, 2019. As a result, the Company, as a lessee, has recognized $1,374,800 as a lease liability, representing its obligation to make lease payments. A ROU asset of the same amount was recognized as a Right-of-use Asset, representing its right to use the underlying asset. The following table summarizes the difference between the operating lease commitments disclosed immediately preceding the date of initial application and lease liability recognized on the consolidated statements of financial position at the date of initial application: Operating lease liability as at December 31, 2018 $ 3,657,296 Effect of discounting at incremental borrowing rate (2,282,496 ) Lease liability recognized as of January 1, 2019 $ 1,374,800 |
HYPERINFLATION
HYPERINFLATION | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019 was 283.44 (2018 - 184.2), which represents an increase of 53.85% over the IPC at December 31, 2018. Monetary assets and liabilities are not restated because they are already expressed in terms of the monetary unit current as at December 31, 2019. Non-monetary assets, liabilities, equity, and expenses (items that are not already expressed in terms of the monetary unit as at December 31, 2019) 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, 2019, the Company recognized a net monetary gain of $2,087,881 (2018 - $924,340) to adjust transactions recorded during the period into a measuring unit current as of December 31, 2019. |
REVERSE ACQUISITION AND LISTING
REVERSE ACQUISITION AND LISTING EXPENSE | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reverse acquisition and listing expense [Abstract] | |
REVERSE ACQUISITION AND LISTING EXPENSE | 5. REVERSE ACQUISITION AND LISTING EXPENSE On January 12, 2017, the Company completed the transactions described in Note 1 by issuing 30,000,000 common shares to the shareholders of Tower Three. For accounting purposes, the Acquisition is considered to be outside the scope of IFRS 3 Business Combinations Share-based Payment Since the share and share-based consideration allocated to the former shareholders of the Company on closing the Acquisition is considered within the scope of IFRS 2, and the Company cannot identify specifically some or all of the goods or service received in return for the allocation of the shares, the value in excess of the net identifiable assets or obligations plus liabilities assumed by the Company acquired on closing was expensed in the statement of comprehensive loss as listing expense. The Company is deemed to have issued 6,735,885 common shares of Tower Three at $0.15 per common share for a fair value of $1,010,383, which is included as consideration to the former shareholders of the Company. The $0.15 value for the above-mentioned shares was based on the fair value from the concurrent private placement. The fair value of all the consideration given and charged to listing expense was comprised of: $ Fair value of share based consideration allocated: Deemed share issuance 1,010,383 Identifiable net obligations assumed: Cash and cash equivalent 1,378,183 Subscriptions received for private placement (1,602,257 ) Other assets 230,097 Liabilities (139,807 ) Total (133,784 ) Total listing expense 1,144,167 |
TOWER CONSTRUCTION & TECHNICAL
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Acquisition Of Tower Construction Technical Services Inc [Abstract] | |
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. | 6. 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. To obtain the 70% ownership interest, the Company committed to operate the business and manage its financial affairs. No cash consideration or equity instruments were issued on this acquisition. The Company determined that the acquisition of TCTS constituted a business combination as it has inputs, processes and outputs. As such, the Company has applied the acquisition method of accounting. The following table presents assets and liabilities based on their estimated fair values, which is the same as the carrying values, at the date of the acquisition of 70% ownership interests: $ Liabilities assumed: Bank indebtedness (52,042 ) Accounts payable (5,201 ) Due to related parties (127,655 ) Net liabilities of TCTS (184,898 ) Net assets attributed to non-controlling interest — Net liabilities assumed (184,898 ) The excess of net liabilities over consideration paid was written off to loss on investments as the future profitability of TCTS is uncertain. 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 attributable to non-controlling interests on the consolidated statement of changes in equity (deficiency). As at December 31, 2019, the Company has received $258,001 for the sale of 50% of the outstanding shares of TCTS. |
ACQUISITION OF INNERVISION TELE
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Acquisition Innervision Telecom Sas [Abstract] | |
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") | 7. 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 COMERCIALIZADORA
ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Business Combinations [abstract] | |
ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. | 8. ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. On April 3, 2018, the Company entered into a Share Purchase Offer Agreement with the shareholders of Comercializadora Mexmaken, S.A. de C.V. ("Mexmaken") to acquire a 90% ownership interest. Since its incorporation on September 9, 2015, Mexmaken has obtained two Master Lease Agreement ("MLA") with major Mexican telecom operators, one of which was acquired prior to the Company's acquisition of Mexmaken. To obtain the 90% ownership interest, the Company issued 7,500,000 common shares with a fair value of $1,312,500 to the shareholders of Mexmaken. As part of the acquisition of Mexmaken, the Company also issued common shares to a related party, who was a controlling shareholder of Mexmaken. The Company determined that the acquisition of Mexmaken constituted a business combination as Mexmaken has inputs, processes and outputs. As such the Company has applied the acquisition method of accounting. As part of the acquisition of Mexmaken, the Company acquired Mexmaken’s master lease agreement, which was recorded as an intangible asset. The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed based on their estimated fair values, which is the same as the carrying values, at the date of acquisition and resulting goodwill: $ Fair value of common shares issued 1,312,500 Total consideration 1,312,500 Assets acquired: Cash 18,436 Amounts receivable and prepaid expenses 20,463 Construction in progress 91,339 Furniture and equipment 2,741 Intangible assets 428,000 Goodwill 1,315,258 Less: liabilities assumed Accounts payable (356,404 ) Deferred income tax liability (61,500 ) Net assets of Mexmaken 1,458,333 Net assets attributed to non-controlling interest (145,833 ) Net assets acquired 1,312,500 As at December 31, 2018, the Company completed an impairment analysis in accordance with IAS 36 and determined that the carrying value of the Mexmaken CGU exceeded its fair value based on its value in use. As a result, the Company recognized impairment of $2,132,942, including $1,315,258 of goodwill, $461,597 of property and equipment, $417,587 of intangible asset, and recorded a recovery of deferred income taxes of $61,500. During the year ended December 31, 2019, the Company's ownership on Mexmaken remains at 90%. |
NON-CONTROLLING INTEREST (NCI)
NON-CONTROLLING INTEREST (NCI) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Noncontrolling Interests [Abstract] | |
NON-CONTROLLING INTEREST (NCI) | 9. NON-CONTROLLING INTEREST (NCI) The following table presents the summarized financial information for Evolution, TCTS and Mexmaken, the Company's subsidiaries which have NCI's. This information represents amounts before intercompany eliminations. December 31, 2019 $ Current assets 3,466,115 Non-current assets 9,463,080 Current liabilities 18,306,038 Non-current liabilities 1,691,801 Revenues for the year ended 2,263,370 Net loss for the year ended (6,225,672 ) The net change in non-controlling interest is as follows: Total $ Balance, December 31, 2018 162,471 Change in ownership interest (177,178 ) Share of loss for the year (3,170,031 ) Currency translation adjustment (172,549 ) Balance, December 31, 2019 (3,357,287 ) As of December 31, 2019, the Company held a 50% ownership in TCTS, 90% ownership in Mexmaken and 65% ownership in Evolution with $919,976, $111,962 and $2,325,349 NCI balance, respectively. The Company has recasted comparative information as at December 31, 2018 for the non-controlling interest, to correct losses attributed to non-controlling interests during the year ended December 31, 2019. As a result, the deficiency attributable to shareholders of the company decreased by $223,612 and the non-controlling interest increased by the same amount. There was no impact to the Company's cash flows or profit or loss for the year ended December 31, 2018 and no impact to the consolidated financial statements for the year ended December 31, 2017. |
INTANGIBLE ASSETS
INTANGIBLE ASSETS | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
INTANGIBLE ASSETS | 10. INTANGIBLE ASSETS Master lease $ Cost Balance, December 31, 2017 1,982,354 Acquired through the acquisition of Mexmaken 428,000 Impairment (428,000 ) Balance, December 31, 2018 and 2019 1,982,354 Accumulated amortization Balance, December 31, 2017 59,471 Additions 89,707 Impairment (10,413 ) Balance, December 31, 2018 138,765 Additions 240,861 Balance, December 31, 2019 379,626 Net book value December 31, 2018 1,843,589 December 31, 2019 1,602,728 During the year ended December 31, 2018, due primarily to the lack of revenue generated from the acquired intangible assets, an indicator of impairment existed leading to a test of recoverable amount of the asset. A value in use calculation is not applicable as the Company does not have any expected cash flows from using the asset. 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 |
PROPERTY AND EQUIPMENT
PROPERTY AND EQUIPMENT | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about property, plant and equipment [abstract] | |
PROPERTY AND EQUIPMENT | 11. PROPERTY AND EQUIPMENT During the years ended December 31, 2019 and 2018, due primarily to the cancellation of tenant lease agreements, an indicator of impairment existed leading to a test of recoverable amount of the assets. 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. Towers Construction in progress Furniture and equipment Total Cost Balance, December 31, 2017 1,033,587 1,804,928 60,515 2,899,030 Monetary adjustment for hyperinflationary economy 906,732 504,218 17,275 1,428,225 Obtained through acquisition of Mexmaken — 91,339 2,741 94,080 Additions — 8,413,968 22,665 8,436,633 Transfer from CIP to towers 6,164,373 (6,164,373 ) — — Reclassification to assets held for sale (1,196,745 ) — — (1,196,745 ) Foreign exchange movement (1,678,605 ) (997,950 ) (34,399 ) (2,710,954 ) Impairment (461,597 ) — — (461,597 ) Balance, December 31, 2018 4,767,745 3,652,130 68,797 8,488,672 Monetary adjustment for hyperinflationary economy 1,301,174 68,942 180,070 1,550,186 Additions 71,929 4,405,289 176,507 4,653,725 Transfer from CIP to towers 6,031,951 (6,031,951 ) — — Reclassification to assets held for sale (845,737 ) — — (845,737 ) Towers sold — (167,896 ) — (167,896 ) Impaired/cancelled towers (500,764 ) (786,617 ) (19,386 ) (1,306,767 ) Foreign exchange movement (2,180,040 ) (654,677 ) (24,580 ) (2,859,297 ) Balance, December 31, 2019 8,646,258 485,220 381,408 9,512,886 Accumulated Amortization Balance, December 31, 2017 25,900 — 6,464 32,364 Additions 379,116 — 13,012 392,128 Reclassification to assets held for sale (80,369 ) — — (80,369 ) Foreign exchange movement (70,333 ) — (6,595 ) (76,928 ) Balance, December 31, 2018 254,314 — 12,881 267,195 Monetary adjustment for hyperinflationary economy 71,970 — 1,778 73,748 Additions 673,106 — 30,789 703,895 Reclassification to assets held for sale (94,011 ) — — (94,011 ) Impairment/cancelled towers — — (4,151 ) (4,151 ) Foreign exchange movement (164,131 ) — (1,705 ) (165,836 ) Balance, December 31, 2019 741,248 — 39,592 780,840 Net book value December 31, 2018 4,513,431 3,652,130 55,916 8,221,477 December 31, 2019 7,905,010 485,220 341,816 8,732,046 |
RIGHT-OF-USE ASSETS AND LEASE L
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of quantitative information about leases for lessee [abstract] | |
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES | 12. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES The Company has a lease agreement for its land lease. Upon transition to IFRS 16, the Company recognized $1,374,800 for a ROU asset and $1,374,800 for a lease liability. The continuity of the ROU asset and lease liability for the year ended December 31, 2019 is as follows: Right-of-use asset As at January 1, 2019 $ 1,374,800 Additions 1,721,936 Depreciation (317,208 ) Impact of foreign exchange (370,602 ) Monetary adjustment for hyperinflationary economy 297,442 As at December 31, 2019 $ 2,706,368 Lease liability As at January 1, 2019 $ 1,374,800 Additions 1,721,936 Lease payments (570,512 ) Lease interest 488,484 Impact of foreign exchange (311,579 ) As at December 31, 2019 $ 2,703,129 Current portion $ 206,079 Long-term portion 2,497,050 $ 2,703,129 |
ASSETS HELD FOR SALE
ASSETS HELD FOR SALE | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of analysis of single amount of discontinued operations [abstract] | |
ASSETS HELD FOR SALE | 13. ASSETS HELD FOR SALE 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. Subsequent to year ended December 31, 2019, the Company sold the assets held for sale towers of $751,726 for proceeds of $1,204,942. During the year ended December 31, 2018, the Company entered into an asset purchase agreement ("Agreement") with a third party (the "Purchaser") whereby the Company has agreed to sell certain tower assets in Colombia. The sale was not completed as of December 31, 2018, 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. In connection with the Agreement signed in 2018, the Company received an advance of US$1,300,000 from the Purchaser in the form of a promissory note. The amount is subject to an annual interest rate of 10%, due on demand and is secured by a personal guarantee from the Company's Chief Executive Officer. During the year ended December 31, 2018, the Company incurred interest expense of $14,840 on this promissory note, which remains payable and is recorded within interest payable on the consolidated statement of financial position. The promissory note was cancelled after the tower sale completed in January 2019. As at December 31, 2019, the balance of the promissory note outstanding is $ nil |
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of convertible debentures [Abstract] | |
CONVERTIBLE DEBENTURES | 14. CONVERTIBLE DEBENTURES June 2018 Convertible Debenture In June 2018, the Company issued secured convertible debentures to a third party for gross proceeds of $1,000,000 under the following terms: A term of one year; An interest rate of 1% per month, payable monthly; and Convertible 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. In November 2018, the terms of these convertible debentures were modified as follows: The conversion price was reduced to $0.10 per common share; The expiry date of the original warrants was extended to November 13, 2019; The exercise price of the share purchase warrants was reduced to $0.125 per common share; and 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. The convertible debentures are secured against the assets of the Company and its subsidiaries pursuant to the terms of a general security agreement of the Company issued in favor of the holders. November 2018 Convertible Debenture In November 2018, the Company issued secured convertible debentures to a third party for gross proceeds of $500,000 under the following terms: A term of seven months; An interest rate of 1% per month, payable monthly; and Convertible into common shares of the Company at $0.10 per common share, until June 12, 2019, subject to adjustments in certain events. In connection with the convertible debentures, the Company also issued 5,000,000 share purchase warrants to the purchasers 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. The convertible debentures are secured against the assets of the Company and its subsidiaries pursuant to the terms of a general security agreement of the Company issued in favor of the holders. For accounting purposes, the convertible debentures are separated into their liability and equity components using the residual method. The fair value of the liability component at the time of issue was determined based on an estimated discount rate of 17% for debentures. The fair value of the equity component was determined as the difference between the face value of the convertible debentures and the fair value of the liability component. After initial recognition the liability component is carried on an amortized cost basis and will be accreted to its face value over the term to maturity of the convertible debentures at the effective rate of 25%. During the year ended December 31, 2018, the Company determined the fair value of the equity component of the convertible debentures to be $53,583, offset by transaction costs of $4,397 and a deferred tax liability of $46,513. June 2019 In June 2019, the Company repaid $750,000 of the convertible debentures and extended the term with the existing lenders. In consideration for the extension of financing terms with existing lenders, the Company reached an agreement with such lenders to amend existing warrants (the "Amended Warrants") that were issued to such lenders on (i) June 12, 2018 (as previously amended on November 13, 2018) and (ii) November 13, 2018. The Amended Warrants were amended as follows: The exercise price of the Amended Warrants was amended from $0.125 to $0.09; and The expiry date of the Amended Warrants was extended from November 13, 2019 to November 13, 2020. Concurrent 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 entitles 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 fair value of the New Warrants is $287,272. The fair value of 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 1.42 years Expected volatility 58.15% Risk free interest rate 1.49% Expected dividend yield 0% Expected forfeiture rate 0% 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 expiry dates. The amendment of the convertible debenture was deemed to be an extinguishment of the original liabilities. As such, the equity portion of the original convertible debentures of $2,673 was derecognized and the Amended Warrants were revalued at the extinguishment date using the Black-Scholes model and the weighted average assumptions disclosed above. The fair value of the Amended Warrants at the date of extinguishment was determined to be $287,623. Consequently, $572,222 was recorded as a loss on extinguishment to contributed surplus. September 2019 In September 2019, the Company further extended the term with the existing lenders. 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 under the principal. During the year ended December 31, 2019, the Company paid the penalty of $75,000 and recorded the penalty as interest expense in the consolidated statements of comprehensive loss. December 2019 In December 2019, the Company further extended the term with the existing lenders. 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 under the principal, as well as an additional 2% penalty on the total outstanding amounts under 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 and recorded the penalty as interest expense in the consolidated statements of comprehensive loss. A reconciliation of the convertible debentures is as follows: Balance, December 31, 2017 $ — Cash items Issuance of convertible debt 1,500,000 Non-cash items Equity portion of convertible debt (53,583 ) Transaction costs (118,689 ) Accreted interest 64,896 Debt conversion (5,000 ) Balance at December 31, 2018 $ 1,387,624 Cash items Repayment of convertible debt (750,000 ) Non-cash items Accreted interest 107,376 Extinguishment of debt (745,000 ) Issuance of debt 745,000 Balance at December 31, 2019 $ 745,000 During the period ended December 31, 2019, the Company has incurred interest expense of $127,500 (2018 - $71,836) on the convertible debentures, of which $15,000 (2018 - $21,836) remains payable and has been recorded within interest payable on the consolidated statement of financial position. |
LOANS PAYABLE
LOANS PAYABLE | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about borrowings [abstract] | |
LOANS PAYABLE | 15. LOANS PAYABLE During the year ended December 31, 2019, the loans payable are summarized as follows: Balance, December 31, 2019 2018 Currency Terms CAD $ CAD $ 731,606 1,002,199 USD Unsecured, due on demand 148,158 220,500 Colombian Pesos Unsecured, due on demand 32,545 315,231 Argentina Pesos Unsecured, due on demand 350,746 — Argentina Pesos Unsecured, due January 2020 1,263,055 1,537,930 During the year ended December 31, 2018, the loans payables are summarized as follows: Balance, December 31, 2018 2017 Currency Terms CAD $ CAD $ 410,959 — USD Unsecured, due February 24, 2019 410,959 — USD Unsecured, due March 6, 2019 68,213 — USD Unsecured, due February 19, 2019 112,068 — USD Unsecured, due on demand 220,500 — Colombian Pesos Unsecured, due on demand 315,231 — Argentina Pesos Unsecured, due on demand 1,537,930 — During the year ended December 31, 2018, in connection with a loan, the Company issued 300,000 incentive share purchase warrants exercisable at $0.15 per common share for a period of two years from the date of grant. During the year ended December 31, 2018, the interest rates on the loans payable ranged from 0% to 61%. During the year ended December 31, 2018, the Company has incurred interest expense of $20,052 (US$15,472) on the loans payable, which remains payable and has been recorded within interest payable on the consolidated statement of financial position. The Company has recasted comparative information as at December 31, 2018 for the loans payable, to correct balances received during the year ended December 31, 2018. As a result, the loans payable and foreign exchange expense increased by $431,708. The recast of comparative information had no impact on cash flows. The loans payable balances arose during the year ended December 31, 2018; accordingly, there was no impact to the consolidated financial statements for the year ended December 31, 2017. During the year ended December 31, 2019, the interest rates on the loans payable ranged from 0% to 61%. During the year ended December 31, 2019, the Company has incurred interest expense of $336,817 (US$253,840) on the loans payable, of which $73,615 (US$56,549) 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, 2019 | |
Disclosure Of Bonds Payable [Abstract] | |
BONDS PAYABLE | 16. BONDS PAYABLE During the year ended December 31, 2019, the Company issued a total of 9,880 bonds (2018 - 9,663) at a price of $100 each for gross proceeds of $988,000 (2018 - $966,300). 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. In connection with the bonds issued, the Company paid cash debt issuance costs to an agent of $128,440 (2018 - $77,304) and issued 921,780 (2018 - 740,240) share purchase warrants to the agent with a fair value of $33,545 (2018 - $28,514). The share purchase warrants are exercisable at prices ranging from $0.08 to $0.14 per common share for a period of two years. The fair value of the share purchase warrants was calculated using the Black-Scholes model and the following weighted average assumptions: 2019 2018 Share price at date of grant $0.09 $0.10 Exercise price $0.09 $0.10 Expected life 2 years 2 years Expected volatility 76.65% 92.85% Risk free interest rate 1.68% 2.12% Expected dividend yield 0% 0% Expected forfeiture rate 0% 0% The cash debt issuance costs and fair value of the share purchase warrants were applied against the carrying value of the bond. During the year ended December 31, 2019, the Company recorded an amortization expense related to the debt issuance costs of $95,399 (2018 - $5,455). As at December 31, 2019, the carrying value of the bonds are $1,787,351 (2018 - $865,937). During the year ended December 31, 2019, the Company has incurred interest expense of $177,005 (2018 - $15,038) on the bonds payable, of which $16,599 (2018 - $15,038) 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, 2019 | |
Disclosure of transactions between related parties [abstract] | |
RELATED PARTY BALANCES AND TRANSACTIONS | 17. 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, 2019, the Company has the following loan balances with related parties: Balance, December 31, 2019 2018 Currency Rate Terms CAD $ CAD $ % 4,047,119 2,283,937 USD 12% - 24% Unsecured, due on demand — 207,803 Colombian Pesos 0% Unsecured, due on demand 13,068 124,844 Argentina Pesos 18% Unsecured, due on demand 4,060,187 2,616,584 As at December 31, 2018, the Company has the following loan balances with related parties: Balance, December 31, 2018 2017 Currency Rate Terms CAD $ CAD $ % 2,133,868 1,191,775 USD 0% - 24% Unsecured, due on demand 150,069 — USD 24% Unsecured, due January or February 2019 207,803 — Colombian Pesos 0% Unsecured, due on demand 124,844 — Argentina Pesos 0% Unsecured, due on demand — 148,875 — — Accrued interest and other 2,616,584 1,340,650 In connection with certain related party loans, the Company incurred monthly penalty fees of 10% until June 30, 2018 once the loans reached their initial maturity dates. During the year ended December 31, 2018, the Company paid finance expenses of $528,132 (US$407,500) in connection with these monthly penalties. In connection with a related party loan, the Company issued 250,000 incentive share purchase warrants exercisable at $0.15 per common share for a period of two years from the date of grant. During the year ended December 31, 2018, the Company has incurred interest expense of $311,102 (US$240,043) (2017 - $114,719) in connection with the related party loans noted above. As at December 31, 2018, $335,330 of unpaid interest and loan penalties have been included within interest payable on the consolidated statement of financial position. As at December 31, 2018, the Company had advanced $224,976 to related parties in connection with costs to be incurred on behalf of the Company. This amount was included within other receivables on the consolidated statement of financial position. The amounts advanced are unsecured, non-interest bearing and due on demand. During the year ended December 31, 2019, the Company deemed these amounts to be uncollectable and wrote off the balance. The Company has recasted comparative information as at December 31, 2018 for the loans from related parties, to correct balances received during the year ended December 31, 2019. As a result, the loans from related parties increased by $ 506,804 , the interest payable decreased by $494,934 and foreign exchange expense increased by $11,870. The recast of comparative information had no impact on cash flows. The impacted loans from related parties arose during the year ended December 31, 2018; accordingly, there was no impact to the consolidated financial statements for the year ended December 31, 2017. During the year ended December 31, 2019, the Company has incurred interest expense of $492,729 (US$371,342) in connection with the related party loans noted above. As at December 31, 2019, $252,144 of unpaid interest and loan penalties have been included within interest payable on the consolidated statement of financial position. 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 January 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, 2019, 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. 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): 2019 2018 2017 $ $ $ Consulting fees paid to the CEO 204,000 165,605 151,200 Consulting fees paid to the COO 204,000 114,546 — Consulting fees paid to the CFO* 262,100 99,092 120,055 670,100 379,243 271,255 *The fees paid to the CFO includes amounts paid to the previous CFO of the Company. The remuneration of the CEO/COO/CFO are included in professional fees and consulting in the consolidated statements of comprehensive loss. During the year ended December 31, 2019, the Company granted stock options to directors and officers resulting in share-based compensation of $nil (2018 - $1,913,692; 2017 - $3,693,799). As at December 31, 2019, $147,631 (2018 - |
SHARE CAPITAL
SHARE CAPITAL | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of classes of share capital [abstract] | |
SHARE CAPITAL | 18. SHARE CAPITAL a) 1,500,000 1,000,000 b) No shares were issued during the year ended December 31, 2019. During the year ended December 31, 2018: On April 3, 2018, the Company issued 7,500,000 common shares for acquisition Mexmaken as described in Note 8. On April 3, 2018, the Company issued 780,000 common shares to the parent of the CEO for interest payment of $156,000 (USD$120,000). The Company issued 50,000 common shares pursuant to the exercise of the conversion option of certain convertible debentures as described in Note 14. The Company issued 5,600,000 common shares for gross proceeds of $1,260,000 pursuant to the exercise of stock options. In connection with the exercise of stock options, $1,200,301 was transferred from contributed surplus to share capital. The Company issued 525,690 units for services with a fair value of $110,395. Each unit is comprised of one common share and one share purchase warrant exercisable for one common share at an exercise price of $0.25 for a period of six months. The fair value of the services received was not readily determinable, as such, the common shares were valued at the fair value of common shares on grant date. No value has been allocated to the warrants. The Company issued 142,857 units for the subscriptions received in 2017 in the amount of $30,000. Each unit has the same term as above. Each unit is comprised of one common share and one share purchase warrant exercisable for one common share at an exercise price of $0.25 for a period of six months. On January 8, 2018, the Company extended the expiry date of existing warrants from January 12, 2018 to July 21, 2018. The modification of warrants incurred a share-based compensation of $10,410. The Company also announced warrant price reduction and exercise incentive program. Under the incentive program, the exercise price of all the warrants reduced to $0.25 if exercised prior to March 30, 2018, which was further extended to April 6, 2018. One Incentive Warrant was granted for each warrant exercised. Each Incentive Warrant was exercisable to acquire one common share at a price of $0.40 for six months. The Company engaged an agent to provide services in connection with the incentive program. The company issued the agent such number of new warrants as was equal to 8% of the exercised warrants in this program, entitling the agent to acquire units of the Company at an exercise price of $0.25 per unit, with each unit being comprised of one common share and one non-transferable share purchase warrants entitling the agent to acquire an additional common share of the Company at a price of $0.40 per share for one year. 8,665,201 warrants were exercised under this program and consequently, 8,665,201 Incentive Warrants were issued. The Company received proceeds of $2,166,300 for the exercise of warrants. During the year ended December 31, 2017: The Company closed a non-brokered private placement and issued 15,484,912 units at $0.15 per unit for gross proceeds of $2,322,737. Each unit is comprised of one common share and one share purchase warrant exercisable for one common share at an exercise price of $0.40 for 12 months following the transaction. If the share price trades at $0.60 for 10 consecutive trading days then the warrant holders will receive notice from the Company to accelerate the exercise of the warrants within 10 days or they will expire. The Company paid finders and brokers cash commissions of $87,767 and issued 585,117 broker warrants with the same terms as the warrants in the private placement. The broker warrants have the same terms as those issued as part of the units and have a fair value of $142,319 calculated using the black-scholes option pricing model. On June 19, 2017, the Company announced warrant price reduction and exercise incentive program. Under the incentive program, the exercise price of the warrants issued on January 12, 2017 were reduced to $0.30 if exercised prior to July 21, 2017 and one Incentive Warrant was granted for each warrant exercised. Each Incentive Warrant was exercisable to acquire one common share at a price of $0.50 for one year. As a result, 3,774,466 warrants were exercised under this program and consequently, 3,774,466 Incentive Warrants were issued. The Company received proceeds of $1,132,340 for the exercise of warrants. The Company issued 500,000 common shares to Rojo Resources Ltd. (Rojo). Under an Assignment Agreement whereby the Company would take assignment of all of Rojo's assets in consideration of 500,000 common shares to Rojo. This Assignment Agreement was subsequently terminated and as a result, the fair value of the investment in the amount of $175,000 was fully written off. The Company issued a total of 1,000,000 common shares for services with a fair value of $340,000. The fair value of the services received was not readily determinable, as such, the shares were valued at the fair value of common shares on grant date. The Company issued 14,904,901 common shares for gross proceeds of $3,818,339 pursuant to the exercise of stock options and warrants. In connection with the exercise of stock options and warrants, $2,959,537 was transferred from contributed surplus to share capital. The Company issued common shares in connection with the reverse take-over transaction in Note 5. c) (i) (ii) d) As part of the January 12, 2017 private placement, the Company issued 15,484,912 warrants. Each warrant allowed the holder of the unit to acquire one additional Common Share until January 12, 2018 at an exercise price of $0.40. In addition, the Company issued 585,117 agent warrants as part of the share issue costs. The fair value of the warrants was determined to be $208,211 or $0.36 per warrant using the Black-Scholes option pricing model. The following assumptions were used for the calculation: Exercise price $0.40 Expected life 2 years Expected volatility 225% Risk free interest rate 0.76% Expected dividend yield 0% Expected forfeiture rate 0% On January 8, 2018, the Company modified the expiry date of all existing warrants to July 21, 2018. Share-based compensation of $10,410 was recorded on the agents warrants, based on the following assumptions: Exercise price $0.40 Expected life 0.5 years Expected volatility 81% Risk free interest rate 1.32% Expected dividend yield 0% Expected forfeiture rate 0% A continuity of warrants for the years ended December 31, 2019 and 2018 is as follows: Number Weighted $ Balance, December 31, 2017 16,070,029 0.42 Granted 24,952,622 0.22 Exercised (8,665,201 ) 0.25 Expired (16,066,877 ) 0.43 Balance, December 31, 2018 16,290,573 0.12 Granted 15,924,860 0.09 Balance, December 31, 2019 32,215,433 0.11 The following table summarizes the share purchase warrants outstanding and exercisable as at December 31, 2019: Number of warrants outstanding Exercise price $ Expiry date 113,829 0.14 September 20, 2020 48,448 0.13 September 27, 2020 550,000 0.15 September 30, 2020 31,491 0.11 October 24, 2020 141,913 0.12 October 11, 2020 5,000,000 0.09 November 13, 2020 10,000,000 0.09 November 13, 2020 15,000,000 0.09 November 13, 2020 90,164 0.09 November 26, 2020 25,219 0.11 November 2, 2020 111,700 0.08 December 2, 2020 180,889 0.09 December 30, 2020 921,780 0.09 October 1, 2021 32,215,433 e) 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 year ended December 31, 2019. During the years ended December 31, 2018 and 2017, the Company granted stock options to certain directors, officers and consultants of the Company. The weighted average fair value of the stock options during the year ended December 31, 2018 was determined to be $1.50 (2017 - $0.80) using the Black-Scholes option pricing model. The following weighted average assumptions were used for the calculation: 2019 2018 2017 Share price at grant date — $0.22 $0.25 Exercise price — $0.23 $0.26 Expected life (in years) — 5 2 Expected volatility — 202% 215% Risk free interest rate — 2.07% 0.76% Expected dividend yield — 0% 0% Expected forfeiture rate — 0% 0% A continuity of stock options for the years ended December 31, 2019 and 2018 is as follows: Number Weighted average $ Balance, December 31, 2017 4,564,565 0.28 Granted 8,690,000 0.24 Exercised (5,600,000 ) 0.23 Cancelled or forfeited (6,379,565 ) 0.25 Balance, December 31, 2018 and 2019 1,275,000 0.30 As at December 31, 2019, 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 2.21 March 17, 2022 950,000 950,000 0.25 3.13 February 17, 2023 1,275,000 1,275,000 0.30 2.90 As at December 31, 2018, 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 3.21 March 17, 2022 950,000 950,000 0.25 4.13 February 17, 2023 1,275,000 1,275,000 0.30 3.90 |
CAPITAL DISCLOSURE
CAPITAL DISCLOSURE | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Capital Disclosure [Abstract] | |
CAPITAL DISCLOSURE | 19. CAPITAL DISCLOSURE The Company manages its shareholders' deficiency 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, 2019, the shareholders' deficiency was $23,585,459 (2018 - $19,009,676). 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, 2019. |
FINANCIAL INSTRUMENTS AND RISK
FINANCIAL INSTRUMENTS AND RISK | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about financial instruments [abstract] | |
FINANCIAL INSTRUMENTS AND RISK | 20. FINANCIAL INSTRUMENTS AND RISK As at December 31, 2019, the Company's financial instruments consist of cash, amounts receivable, other receivables, bank indebtedness, accounts payable and accrued liabilities, customer deposits, interest payable, promissory note 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. Level 1 fair value measurements are those derived from quoted prices in active markets for identical assets or liabilities. Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1, that are observable either directly or indirectly. Level 3 fair value measurements are those derived from valuation techniques that include inputs that are not based on observable market data. Cash is measured using level 1 fair value inputs. The carrying values of the amounts receivable, other receivables, bank indebtedness, accounts payable and accrued liabilities, customer deposits, interest payable, promissory note payable, convertible debentures, loans payable and loans from related parties approximate their fair values because of the short-term nature of these instruments. The bond payable and lease liabilities is 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 $1,808,397 (2018 - $454,024). Accounts receivable are shown net of provision of credit losses of $179,868 (2017 - $ nil 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, 2019 based on the undiscounted contractual cash flows: Carrying Contractual Less than 1 - 3 4 - 5 After 5 $ $ $ $ $ $ Accounts payable and accrued liabilities 4,035,983 4,035,983 4,035,983 — — — Interest payable 357,913 357,913 357,913 — — — Convertible debentures 745,000 745,000 745,000 — — — Loans payable 1,263,055 1,263,055 1,263,055 — — — Loans from related parties 4,060,187 4,060,187 4,060,187 — — — Bonds payable 1,787,351 1,954,300 — 1,954,300 — — Lease liability 2,703,129 5,587,147 654,231 1,801,543 1,169,009 1,962,364 Total 14,952,618 18,003,585 11,116,369 3,755,843 1,169,009 1,962,364 The Company has a working capital deficiency as of December 31, 2019 of $17,058,758. Customer deposits consist of funds received from customers in advance of towers sold. As of December 31, 2019, the Company received $8,526,085 (2018 - $ Nil 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 15% weakening or strengthening of the Colombia Peso, Argentina Peso, US dollar and Mexican Peso against the Canadian dollar would result in approximately $1,021,871 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, 2019, the Company had the following financial instruments denominated in foreign currencies: Argentina Colombian Mexican Pesos United States Total $ $ $ $ $ Cash 23,209 3,940 579 17,152 44,880 Amounts receivable 372,833 409,665 225,651 138,712 1,146,861 Accounts payable and accrued liabilities (501,981 ) (912,245 ) (1,133,691 ) (374,901 ) (2,922,818 ) Customer deposits — (4,227,680 ) (4,298,405 ) — (8,526,085 ) Interest payable — — — (357,913 ) (357,913 ) Lease liability (557,751 ) (851,590 ) (1,293,788 ) — (2,703,129 ) Loans payable (383,291 ) (41,845 ) — (837,919 ) (1,263,055 ) Loans from related parties (13,068 ) — — (4,047,119 ) (4,060,187 ) Net (1,060,049 ) (5,619,755 ) (6,499,654 ) (5,461,988 ) (18,641,446 ) 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, 2019 | |
Disclosure of acquisition of economic dependence [Abstract] | |
ECONOMIC DEPENDENCE | 21. ECONOMIC DEPENDENCE For the year ended December 31, 2019, all revenues were generated with ten customers (2018 - seven 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: December 31, 2019 Customer A $ 3,069,670 Customer B $ 736,959 |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
SEGMENTED INFORMATION | 22. 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, 2019 and 2018 is reported below. Argentina Colombia Mexico United States of Other Total $ $ $ $ $ $ December 31, 2019: Current assets 1,846,046 532,959 298,605 268,518 13,779 2,959,907 Property and equipment 3,390,632 1,997,048 3,243,634 85,612 15,120 8,732,046 Other non-current assets 669,687 808,973 1,204,380 5,328 1,620,728 4,309,096 Total assets 5,930,365 3,338,980 4,746,619 359,458 1,649,627 16,001,049 Revenues: Tower rental revenue 1,102,810 292,848 244,978 — — 1,640,636 Service revenue — — — 561,759 — 561,759 Sales revenue — 3,069,670 141,529 — — 3,211,199 Total revenues 1,102,810 3,362,518 386,507 561,759 — 5,413,594 Net income (loss) (4,042,521 ) 1,249,291 (994,550 ) (1,322,940 ) (3,036,548 ) (8,147,268 ) December 31, 2018: Current assets 84,539 227,898 376,301 140,919 1,327,857 2,157,514 Property and equipment 6,801,551 194,932 1,069,171 155,823 — 8,221,477 Other non-current assets 67,142 — — — 2,135,707 2,202,849 Total assets 6,953,232 422,830 1,445,472 296,742 3,463,564 12,581,840 Revenues: Tower rental revenue 490,202 161,826 — — — 652,028 Service revenue — — — 904,714 — 904,714 Total revenues 490,202 161,826 — 904,714 — 1,556,742 Net income (loss) 458,157 (201,313 ) (386,363 ) 149,812 (8,708,000 ) (8,687,707 ) |
SUPPLEMENTAL CASH FLOW INFORMAT
SUPPLEMENTAL CASH FLOW INFORMATION | 12 Months Ended |
Dec. 31, 2019 | |
Supplemental Cash Flow Information [Abstract] | |
SUPPLEMENTAL CASH FLOW INFORMATION | 23. SUPPLEMENTAL CASH FLOW INFORMATION 2019 2018 2017 $ $ $ Changes in non-cash working capital items: Amounts receivable (1,341,845 ) (356,479 ) (526,241 ) Prepaid expenses and deposits 83,535 (186,290 ) (7,832 ) Unbilled revenues (107,099 ) — — Other receivable 67,143 (277,682 ) (14,436 ) Bank indebtedness (39,464 ) (8,632 ) — Accounts payable and accrued liabilities (725,292 ) 2,380,469 (1,262,924 ) Interest payable 488,997 401,104 — Deferred revenue 259,182 178,668 — Customer deposits 8,470,889 — — Income tax payable 373,196 — — 7,529,242 2,131,158 (1,811,433 ) |
LEGAL DISCLOSURE
LEGAL DISCLOSURE | 12 Months Ended |
Dec. 31, 2019 | |
Legal Proceedings Provision Abstract | |
LEGAL DISCLOSURE | 24. The cities of Quilmes, Bolivar and San Rafael filed claims against Evolution for dismantling towers in the respective cities. Quilmes is claiming a fine of $29,780 (1,489,005 Argentina Pesos) and San Rafael is claiming a fine of $4,200 (420,000 Argentina Pesos). Both fines have been accrued by the Company. The outcome of these legal proceeding cannot be determined at December 31, 2019 and no additional amounts have been accrued. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |
INCOME TAXES | 25. 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: 2019 2018 2017 $ $ $ Net loss before income taxes (8,147,268 ) (9,131,285 ) (9,968,677 ) Statutory income tax rate 27% 32% 26% Income tax expense (recovery) (2,199,762 ) (2,922,011 ) (2,591,856 ) Differences between Canadian and foreign tax rates (113,858 ) — — Permanent differences and others (706,889 ) (303,048 ) 1,457,000 Impact of foreign exchange 509,162 — — Effect of change in income tax rates — (37,000 ) ( 6,000 ) Temporary differences 466,969 57,000 — Change in unrecognized losses 2,102,952 2,892,011 1,035,856 Net deferred tax (recovery) 58,574 (313,048 ) (105,000 ) Current income tax expense 380,863 — — Deferred income tax recovery (322,289 ) (313,048 ) (105,000 ) 58,574 (313,048 ) (105,000 ) The tax effected items that give rise to significant portions of the deferred income tax assets and deferred income tax liabilities at December 31, 2019 and 2018 are as follows: December 31, December 31, Deferred income tax assets Non-capital loss carry-forwards $ 607,610 $ 222,711 Lease liabilities 824,005 — Capital assets — 139,000 Share issuance costs — 14,000 Capital losses — 4,000 Deferred income tax assets $ 1,431,615 $ 379,711 Excess of carrying value over tax value of right-of-use assets $ (852,881 ) $ — Excess of carrying value over tax value of intangible assets (560,756 ) (645,000 ) Excess of carrying value over tax value of convertible debentures — (30,000 ) Excess of carrying value over tax value of bonds payable (17,978 ) (27,000 ) Deferred income tax liability $ (1,431,615 ) $ (702,000 ) Net deferred tax asset (liability) $ — $ (322,289 ) Significant unrecognized tax benefits and unused taxes for which no deferred tax assets are recognized as of December 31, 2019 are as follows: December 31, Non-capital losses carried forward $ 19,451,150 Property and equipment 15,068 Share issuance costs 35,107 Capital losses carried forward 3,294,836 Lease liabilities 36,157 Unrecognized deductible temporary differences $ 22,832,318 As at December 31, 2019, the Company has non-capital losses carried forward of approximately $24,633,000 (2018 - $16,298,000) including $16,364,000 (2018 - $13,638,000) in Canada, $5,016,000 (2018 - $940,000) in Argentina, $ nil |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
SUBSEQUENT EVENTS | 26. SUBSEQUENT EVENTS Subsequent to the year ended December 31, 2019, (1) (2) |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
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's leasing revenue is derived from lease arrangements to obtain rights to use the Company's equipment. 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. The Company earns revenue from tower sales. Tower sales revenue is recognized when the control over goods is transferred to the customer. As such, the revenue is recognized 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. The Company also earns revenues from installation, technical and maintenance services. 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, 2019, an unrealized foreign exchange translation loss of $327,696 (2018 - $480,132; 2017 - $59,631) was recorded under accumulated other comprehensive loss as a result of changes in the value of the Colombian Peso, Argentina 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. Amortization of the towers is calculated on the declining-balance basis over the agreement or lease terms Furniture and equipment - between 10% and 33.3% declining balance 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 asset | 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. 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. 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 has adopted a 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 payments | 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: Those to be measured subsequently at fair value (either through Other Comprehensive Income ("OCI"), or through profit or loss), and Those to be measured at amortized cost. 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. Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortized cost. A gain or loss that is subsequently measured at amortized cost is recognized in profit or loss when the asset is derecognized or impaired. Interest income from these financial assets is included as finance income using the effective interest rate method. Fair value through OCI ("FVOCI"): A financial asset measured at FVOCI is measured at fair value with changes in fair value included as "financial asset at fair value through other comprehensive income" in other comprehensive income. Accumulated gains or losses recognized through other comprehensive income remain in OCI when the financial instrument is derecognized or its fair value substantially decreases. Fair value through profit or loss: Assets that do not meet the criteria for amortized cost or FVOCI are measured at FVTPL. A gain or loss on an investment that is subsequently measured at FVTPL is recognized in profit or loss in which it arises. The Company has classified its cash, amounts receivables and other receivable as FVTPL. Financial liabilities The Company classifies its financial liabilities into the following categories: Financial liabilities at FVTPL; and Amortized cost. 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 amount of change in the fair value that is attributable to changes in the credit risk of the liability is presented in OCI; and the remaining amount of the change in the fair value is presented in profit or loss. 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 bank indebtedness, 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 or at the instrument's maturity date. The conversion option classified as equity is determined by deducting the amount of the liability component from the fair 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 retained earnings. 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: the amount of gain or loss relating to the original liability component is recognized in profit or loss; and the amount of consideration relating to the original equity component is recognized in equity in contributed surplus. The amount recognized in convertible debentures equity reserve attributable to the extinguished convertible debentures is also transferred to contributed surplus. On January 1, 2019, the Company adopted the following accounting pronouncements retrospectively with no restatement of comparative periods: |
IFRS 16 Leases | IFRS 16 Leases The following is the new accounting policy for leases under IFRS 16. 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 the in the period in which they are incurred. The ROU assets are presented within "Right-of-use assets" and the lease liabilities are presented in "Lease liability" on the consolidated statements of financial position. The comparative figures for the 2018 reporting period have not been restated and are accounted for under IAS 17 Leases Determining Whether an Arrangement Contains a Lease The Company applied the exemption not to recognize ROU assets and lease liabilities for leases with less than 12 months of lease term and leases for low-value assets when applying IFRS 16 to leases previously classified as operating leases under IAS 17. The Company has land leases for its towers built on them and is classified as operating leases under IAS 17. Upon transition to IFRS 16, these lease liabilities were measured at the present value of the remaining lease payments and discounted using an incremental borrowing rate of 15% for Tower 3 and Mexmaken, and 35% for Evolution as of January 1, 2019. As a result, the Company, as a lessee, has recognized $1,374,800 as a lease liability, representing its obligation to make lease payments. A ROU asset of the same amount was recognized as a Right-of-use Asset, representing its right to use the underlying asset. The following table summarizes the difference between the operating lease commitments disclosed immediately preceding the date of initial application and lease liability recognized on the consolidated statements of financial position at the date of initial application: Operating lease liability as at December 31, 2018 $ 3,657,296 Effect of discounting at incremental borrowing rate (2,282,496 ) Lease liability recognized as of January 1, 2019 $ 1,374,800 |
STATEMENT OF COMPLIANCE AND B_2
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Statement Of Compliance And Basis Of Presentation [Abstract] | |
Schedule of Consolidated Financial Statements | These consolidated financial statements include the accounts of the following entities as at December 31, 2019: Percentage of Functional Entity Country ownership currency Tower One Wireless Corp. ("Tower One") Canada Parent Canadian dollar Tower Two SAS ("Tower Two") Argentina 100% Argentina Peso Tower Three SAS ("Tower Three") Colombia 100% Colombian Peso Tower 3 SA ("Tower 3") Argentina 100% Argentina Peso Innervision SAS ("Innervision") Colombia 100% Colombian Peso Evolution Technology SA ("Evolution") Argentina 65% Argentina Peso Tower Construction & Technical Services, LLC ("TCTS") USA 50% US dollar Comercializadora Mexmaken, S.A. de C.V. ("Mexmaken") Mexico 90% Mexican Peso These consolidated financial statements include the accounts of the Company and the following subsidiaries as at December 31, 2018: Percentage of Functional Entity Country ownership currency Tower One Wireless Corp. Canada Parent Canadian dollar Tower Two SAS Argentina 100% Argentina Peso Tower Three SAS Colombia 100% Colombian Peso Tower 3 SA Argentina 100% Argentina Peso Innervision SAS Colombia 90% Colombian Peso Evolution Technology SA Argentina 65 Argentina Peso Tower Construction & Technical Services, LLC USA 70 US dollar Comercializadora Mexmaken, S.A. de C.V. Mexico 90% Mexican Peso |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Table) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Schedule of Operating Lease Commitments | Operating lease liability as at December 31, 2018 $ 3,657,296 Effect of discounting at incremental borrowing rate (2,282,496 ) Lease liability recognized as of January 1, 2019 $ 1,374,800 |
REVERSE ACQUISITION AND LISTI_2
REVERSE ACQUISITION AND LISTING EXPENSE (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of reverse acquisition and listing expense [Abstract] | |
Schedule of fair value of all consideration given and charged to listing expense | $ Fair value of share based consideration allocated: Deemed share issuance 1,010,383 Identifiable net obligations assumed: Cash and cash equivalent 1,378,183 Subscriptions received for private placement (1,602,257 ) Other assets 230,097 Liabilities (139,807 ) Total (133,784 ) Total listing expense 1,144,167 |
TOWER CONSTRUCTION & TECHNICA_2
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Acquisition Of Tower Construction Technical Services Inc [Abstract] | |
Schedule of assets acquired and liabilities assumed | $ Liabilities assumed: Bank indebtedness (52,042 ) Accounts payable (5,201 ) Due to related parties (127,655 ) Net liabilities of TCTS (184,898 ) Net assets attributed to non-controlling interest — Net liabilities assumed (184,898 ) |
ACQUISITION OF COMERCIALIZADO_2
ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Business Combinations [abstract] | |
Schedule of Assets Acquired and Liabilities Assumed | The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed based on their estimated fair values, which is the same as the carrying values, at the date of acquisition and resulting goodwill: $ Fair value of common shares issued 1,312,500 Total consideration 1,312,500 Assets acquired: Cash 18,436 Amounts receivable and prepaid expenses 20,463 Construction in progress 91,339 Furniture and equipment 2,741 Intangible assets 428,000 Goodwill 1,315,258 Less: liabilities assumed Accounts payable (356,404 ) Deferred income tax liability (61,500 ) Net assets of Mexmaken 1,458,333 Net assets attributed to non-controlling interest (145,833 ) Net assets acquired 1,312,500 |
NON-CONTROLLING INTEREST (NCI)
NON-CONTROLLING INTEREST (NCI) (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Noncontrolling Interests [Abstract] | |
Schedule of financial information for subsidiaries | December 31, 2019 $ Current assets 3,466,115 Non-current assets 9,463,080 Current liabilities 18,306,038 Non-current liabilities 1,691,801 Revenues for the year ended 2,263,370 Net loss for the year ended (6,225,672 ) |
Schedule of net change in non-controlling interest | Total $ Balance, December 31, 2018 162,471 Change in ownership interest (177,178 ) Share of loss for the year (3,170,031 ) Currency translation adjustment (172,549 ) Balance, December 31, 2019 (3,357,287 ) |
INTANGIBLE ASSETS (Tables)
INTANGIBLE ASSETS (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of Intangible Assets | Master lease $ Cost Balance, December 31, 2017 1,982,354 Acquired through the acquisition of Mexmaken 428,000 Impairment (428,000 ) Balance, December 31, 2018 and 2019 1,982,354 Accumulated amortization Balance, December 31, 2017 59,471 Additions 89,707 Impairment (10,413 ) Balance, December 31, 2018 138,765 Additions 240,861 Balance, December 31, 2019 379,626 Net book value December 31, 2018 1,843,589 December 31, 2019 1,602,728 |
PROPERTY AND EQUIPMENT (Tables)
PROPERTY AND EQUIPMENT (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2017 1,033,587 1,804,928 60,515 2,899,030 Monetary adjustment for hyperinflationary economy 906,732 504,218 17,275 1,428,225 Obtained through acquisition of Mexmaken — 91,339 2,741 94,080 Additions — 8,413,968 22,665 8,436,633 Transfer from CIP to towers 6,164,373 (6,164,373 ) — — Reclassification to assets held for sale (1,196,745 ) — — (1,196,745 ) Foreign exchange movement (1,678,605 ) (997,950 ) (34,399 ) (2,710,954 ) Impairment (461,597 ) — — (461,597 ) Balance, December 31, 2018 4,767,745 3,652,130 68,797 8,488,672 Monetary adjustment for hyperinflationary economy 1,301,174 68,942 180,070 1,550,186 Additions 71,929 4,405,289 176,507 4,653,725 Transfer from CIP to towers 6,031,951 (6,031,951 ) — — Reclassification to assets held for sale (845,737 ) — — (845,737 ) Towers sold — (167,896 ) — (167,896 ) Impaired/cancelled towers (500,764 ) (786,617 ) (19,386 ) (1,306,767 ) Foreign exchange movement (2,180,040 ) (654,677 ) (24,580 ) (2,859,297 ) Balance, December 31, 2019 8,646,258 485,220 381,408 9,512,886 Accumulated Amortization Balance, December 31, 2017 25,900 — 6,464 32,364 Additions 379,116 — 13,012 392,128 Reclassification to assets held for sale (80,369 ) — — (80,369 ) Foreign exchange movement (70,333 ) — (6,595 ) (76,928 ) Balance, December 31, 2018 254,314 — 12,881 267,195 Monetary adjustment for hyperinflationary economy 71,970 — 1,778 73,748 Additions 673,106 — 30,789 703,895 Reclassification to assets held for sale (94,011 ) — — (94,011 ) Impairment/cancelled towers — — (4,151 ) (4,151 ) Foreign exchange movement (164,131 ) — (1,705 ) (165,836 ) Balance, December 31, 2019 741,248 — 39,592 780,840 Net book value December 31, 2018 4,513,431 3,652,130 55,916 8,221,477 December 31, 2019 7,905,010 485,220 341,816 8,732,046 |
RIGHT-OF-USE ASSETS AND LEASE_2
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of quantitative information about leases for lessee [abstract] | |
Schedule of Right-of-use asset and lease liability | The continuity of the ROU asset and lease liability for the year ended December 31, 2019 is as follows: Right-of-use asset As at January 1, 2019 $ 1,374,800 Additions 1,721,936 Depreciation (317,208 ) Impact of foreign exchange (370,602 ) Monetary adjustment for hyperinflationary economy 297,442 As at December 31, 2019 $ 2,706,368 Lease liability As at January 1, 2019 $ 1,374,800 Additions 1,721,936 Lease payments (570,512 ) Lease interest 488,484 Impact of foreign exchange (311,579 ) As at December 31, 2019 $ 2,703,129 Current portion $ 206,079 Long-term portion 2,497,050 $ 2,703,129 |
CONVERTIBLE DEBENTURES (Tables)
CONVERTIBLE DEBENTURES (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of convertible debentures [Abstract] | |
Schedule of weighted average assumptions of share purchase warrants | The fair value of 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 1.42 years Expected volatility 58.15% Risk free interest rate 1.49% Expected dividend yield 0% Expected forfeiture rate 0% |
Schedule of maturity of convertible debentures | A reconciliation of the convertible debentures is as follows: Balance, December 31, 2017 $ — Cash items Issuance of convertible debt 1,500,000 Non-cash items Equity portion of convertible debt (53,583 ) Transaction costs (118,689 ) Accreted interest 64,896 Debt conversion (5,000 ) Balance at December 31, 2018 $ 1,387,624 Cash items Repayment of convertible debt (750,000 ) Non-cash items Accreted interest 107,376 Extinguishment of debt (745,000 ) Issuance of debt 745,000 Balance at December 31, 2019 $ 745,000 |
LOANS PAYABLE (Tables)
LOANS PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about borrowings [abstract] | |
Schedule of Loans Outstanding | During the year ended December 31, 2019, the loans payable are summarized as follows: Balance, December 31, 2019 2018 Currency Terms CAD $ CAD $ 731,606 1,002,199 USD Unsecured, due on demand 148,158 220,500 Colombian Pesos Unsecured, due on demand 32,545 315,231 Argentina Pesos Unsecured, due on demand 350,746 — Argentina Pesos Unsecured, due January 2020 1,263,055 1,537,930 During the year ended December 31, 2018, the loans payables are summarized as follows: Balance, December 31, 2018 2017 Currency Terms CAD $ CAD $ 410,959 — USD Unsecured, due February 24, 2019 410,959 — USD Unsecured, due March 6, 2019 68,213 — USD Unsecured, due February 19, 2019 112,068 — USD Unsecured, due on demand 220,500 — Colombian Pesos Unsecured, due on demand 315,231 — Argentina Pesos Unsecured, due on demand 1,537,930 — |
BONDS PAYABLE (Tables)
BONDS PAYABLE (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure Of Bonds Payable [Abstract] | |
Schedule of weighted average assumptions of bonds payable | 2019 2018 Share price at date of grant $0.09 $0.10 Exercise price $0.09 $0.10 Expected life 2 years 2 years Expected volatility 76.65% 92.85% Risk free interest rate 1.68% 2.12% Expected dividend yield 0% 0% Expected forfeiture rate 0% 0% |
RELATED PARTY TRANSACTIONS AN_2
RELATED PARTY TRANSACTIONS AND BALANCES (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of transactions between related parties [abstract] | |
Schedule of Loan Balances with Related Parties | Balance, December 31, 2019 2018 Currency Rate Terms CAD $ CAD $ % 4,047,119 2,283,937 USD 12% - 24% Unsecured, due on demand — 207,803 Colombian Pesos 0% Unsecured, due on demand 13,068 124,844 Argentina Pesos 18% Unsecured, due on demand 4,060,187 2,616,584 As at December 31, 2018, the Company has the following loan balances with related parties: Balance, December 31, 2018 2017 Currency Rate Terms CAD $ CAD $ % 2,133,868 1,191,775 USD 0% - 24% Unsecured, due on demand 150,069 — USD 24% Unsecured, due January or February 2019 207,803 — Colombian Pesos 0% Unsecured, due on demand 124,844 — Argentina Pesos 0% Unsecured, due on demand — 148,875 — — Accrued interest and other 2,616,584 1,340,650 |
Schedule 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% |
Schedule of Remuneration of Key Management | 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): 2019 2018 2017 $ $ $ Consulting fees paid to the CEO 204,000 165,605 151,200 Consulting fees paid to the COO 204,000 114,546 — Consulting fees paid to the CFO* 262,100 99,092 120,055 670,100 379,243 271,255 *The fees paid to the CFO includes amounts paid to the previous CFO of the Company. |
SHARE CAPITAL (Tables)
SHARE CAPITAL (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Schedule of Stock Options and Warrants Weighted Average Assumptions | 2019 2018 2017 Share price at grant date — $0.22 $0.25 Exercise price — $0.23 $0.26 Expected life (in years) — 5 2 Expected volatility — 202% 215% Risk free interest rate — 2.07% 0.76% Expected dividend yield — 0% 0% Expected forfeiture rate — 0% 0% |
Schedule of Continuity of Stock Options and Warrants | Number Weighted average $ Balance, December 31, 2017 4,564,565 0.28 Granted 8,690,000 0.24 Exercised (5,600,000 ) 0.23 Cancelled or forfeited (6,379,565 ) 0.25 Balance, December 31, 2018 and 2019 1,275,000 0.30 |
Schedule of Stock Options and Warrants Outstanding and Exercisable | Options Outstanding Options exercisable Exercise price Remaining life (years) Expiry date $ 325,000 325,000 0.45 2.21 March 17, 2022 950,000 950,000 0.25 3.13 February 17, 2023 1,275,000 1,275,000 0.30 2.90 Options Outstanding Options exercisable Exercise price Remaining life (years) Expiry date $ 325,000 325,000 0.45 3.21 March 17, 2022 950,000 950,000 0.25 4.13 February 17, 2023 1,275,000 1,275,000 0.30 3.90 |
Warrants [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Schedule of Stock Options and Warrants Weighted Average Assumptions | Exercise price $0.40 Expected life 2 years Expected volatility 225% Risk free interest rate 0.76% Expected dividend yield 0% Expected forfeiture rate 0% Exercise price $0.40 Expected life 0.5 years Expected volatility 81% Risk free interest rate 1.32% Expected dividend yield 0% Expected forfeiture rate 0% |
Schedule of Continuity of Stock Options and Warrants | Number Weighted $ Balance, December 31, 2017 16,070,029 0.42 Granted 24,952,622 0.22 Exercised (8,665,201 ) 0.25 Expired (16,066,877 ) 0.43 Balance, December 31, 2018 16,290,573 0.12 Granted 15,924,860 0.09 Balance, December 31, 2019 32,215,433 0.11 |
Schedule of Stock Options and Warrants Outstanding and Exercisable | Number of warrants outstanding Exercise price $ Expiry date 113,829 0.14 September 20, 2020 48,448 0.13 September 27, 2020 550,000 0.15 September 30, 2020 31,491 0.11 October 24, 2020 141,913 0.12 October 11, 2020 5,000,000 0.09 November 13, 2020 10,000,000 0.09 November 13, 2020 15,000,000 0.09 November 13, 2020 90,164 0.09 November 26, 2020 25,219 0.11 November 2, 2020 111,700 0.08 December 2, 2020 180,889 0.09 December 30, 2020 921,780 0.09 October 1, 2021 32,215,433 |
FINANCIAL INSTRUMENTS AND RISK
FINANCIAL INSTRUMENTS AND RISK (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of Maturities of Financial Liabilities Undiscounted Contractual Cash Flows | Carrying Contractual Less than 1 - 3 4 - 5 After 5 $ $ $ $ $ $ Accounts payable and accrued liabilities 4,035,983 4,035,983 4,035,983 — — — Interest payable 357,913 357,913 357,913 — — — Convertible debentures 745,000 745,000 745,000 — — — Loans payable 1,263,055 1,263,055 1,263,055 — — — Loans from related parties 4,060,187 4,060,187 4,060,187 — — — Bonds payable 1,787,351 1,954,300 — 1,954,300 — — Lease liability 2,703,129 5,587,147 654,231 1,801,543 1,169,009 1,962,364 Total 14,952,618 18,003,585 11,116,369 3,755,843 1,169,009 1,962,364 |
Schedule of Financial Instruments Denominated in Foreign Currencies | At December 31, 2019, the Company had the following financial instruments denominated in foreign currencies: Argentina Colombian Mexican Pesos United States Total $ $ $ $ $ Cash 23,209 3,940 579 17,152 44,880 Amounts receivable 372,833 409,665 225,651 138,712 1,146,861 Accounts payable and accrued liabilities (501,981 ) (912,245 ) (1,133,691 ) (374,901 ) (2,922,818 ) Customer deposits — (4,227,680 ) (4,298,405 ) — (8,526,085 ) Interest payable — — — (357,913 ) (357,913 ) Lease liability (557,751 ) (851,590 ) (1,293,788 ) — (2,703,129 ) Loans payable (383,291 ) (41,845 ) — (837,919 ) (1,263,055 ) Loans from related parties (13,068 ) — — (4,047,119 ) (4,060,187 ) Net (1,060,049 ) (5,619,755 ) (6,499,654 ) (5,461,988 ) (18,641,446 ) |
ECONOMIC DEPENDENCE (Tables)
ECONOMIC DEPENDENCE (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of acquisition of economic dependence [Abstract] | |
Schedule of sales to individual customers exceeding 10% revenues | December 31, 2019 Customer A $ 3,069,670 Customer B $ 736,959 |
SEGMENTED INFORMATION (Tables)
SEGMENTED INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
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, 2019: Current assets 1,846,046 532,959 298,605 268,518 13,779 2,959,907 Property and equipment 3,390,632 1,997,048 3,243,634 85,612 15,120 8,732,046 Other non-current assets 669,687 808,973 1,204,380 5,328 1,620,728 4,309,096 Total assets 5,930,365 3,338,980 4,746,619 359,458 1,649,627 16,001,049 Revenues: Tower rental revenue 1,102,810 292,848 244,978 — — 1,640,636 Service revenue — — — 561,759 — 561,759 Sales revenue — 3,069,670 141,529 — — 3,211,199 Total revenues 1,102,810 3,362,518 386,507 561,759 — 5,413,594 Net income (loss) (4,042,521 ) 1,249,291 (994,550 ) (1,322,940 ) (3,036,548 ) (8,147,268 ) December 31, 2018: Current assets 84,539 227,898 376,301 140,919 1,327,857 2,157,514 Property and equipment 6,801,551 194,932 1,069,171 155,823 — 8,221,477 Other non-current assets 67,142 — — — 2,135,707 2,202,849 Total assets 6,953,232 422,830 1,445,472 296,742 3,463,564 12,581,840 Revenues: Tower rental revenue 490,202 161,826 — — — 652,028 Service revenue — — — 904,714 — 904,714 Total revenues 490,202 161,826 — 904,714 — 1,556,742 Net income (loss) 458,157 (201,313 ) (386,363 ) 149,812 (8,708,000 ) (8,687,707 ) |
SUPPLEMENTAL CASH FLOW INFORM_2
SUPPLEMENTAL CASH FLOW INFORMATION (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Supplemental Cash Flow Information [Abstract] | |
Schedule of Supplemental Cash Flow Information | 2019 2018 2017 $ $ $ Changes in non-cash working capital items: Amounts receivable (1,341,845 ) (356,479 ) (526,241 ) Prepaid expenses and deposits 83,535 (186,290 ) (7,832 ) Unbilled revenues (107,099 ) — — Other receivable 67,143 (277,682 ) (14,436 ) Bank indebtedness (39,464 ) (8,632 ) — Accounts payable and accrued liabilities (725,292 ) 2,380,469 (1,262,924 ) Interest payable 488,997 401,104 — Deferred revenue 259,182 178,668 — Customer deposits 8,470,889 — — Income tax payable 373,196 — — 7,529,242 2,131,158 (1,811,433 ) |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Major components of tax expense (income) [abstract] | |
Schedule of tax effect computed by applying federal and provincial/state statutory rates | 2019 2018 2017 $ $ $ Net loss before income taxes (8,147,268 ) (9,131,285 ) (9,968,677 ) Statutory income tax rate 27% 32% 26% Income tax expense (recovery) (2,199,762 ) (2,922,011 ) (2,591,856 ) Differences between Canadian and foreign tax rates (113,858 ) — — Permanent differences and others (706,889 ) (303,048 ) 1,457,000 Impact of foreign exchange 509,162 — — Effect of change in income tax rates — (37,000 ) ( 6,000 ) Temporary differences 466,969 57,000 — Change in unrecognized losses 2,102,952 2,892,011 1,035,856 Net deferred tax (recovery) 58,574 (313,048 ) (105,000 ) Current income tax expense 380,863 — — Deferred income tax recovery (322,289 ) (313,048 ) (105,000 ) 58,574 (313,048 ) (105,000 ) |
Schedule of Significant Components of Deferred Income Tax Assets and Liabilities | December 31, December 31, Deferred income tax assets Non-capital loss carry-forwards $ 607,610 $ 222,711 Lease liabilities 824,005 — Capital assets — 139,000 Share issuance costs — 14,000 Capital losses — 4,000 Deferred income tax assets $ 1,431,615 $ 379,711 Excess of carrying value over tax value of right-of-use assets $ (852,881 ) $ — Excess of carrying value over tax value of intangible assets (560,756 ) (645,000 ) Excess of carrying value over tax value of convertible debentures — (30,000 ) Excess of carrying value over tax value of bonds payable (17,978 ) (27,000 ) Deferred income tax liability $ (1,431,615 ) $ (702,000 ) Net deferred tax asset (liability) $ — $ (322,289 ) |
Schedule of Significant Unrecognized Tax Benefits and Unused Taxes for which No Deferred Tax Assets are Recognized | December 31, Non-capital losses carried forward $ 19,451,150 Property and equipment 15,068 Share issuance costs 35,107 Capital losses carried forward 3,294,836 Lease liabilities 36,157 Unrecognized deductible temporary differences $ 22,832,318 |
NATURE OF OPERATIONS AND GOIN_2
NATURE OF OPERATIONS AND GOING CONCERN (Narrative) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of Nature of operations and going concern [Abstract] | ||
Working capital deficiency | $ 17,058,758 | $ 9,434,546 |
Accumulated deficit | $ 23,585,459 | $ 19,009,676 |
STATEMENT OF COMPLIANCE AND B_3
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Narrative) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Statement Of Compliance And Basis Of Presentation [Abstract] | |||
Allowance for doubtful accounts | $ 179,868 |
STATEMENT OF COMPLIANCE AND B_4
STATEMENT OF COMPLIANCE AND BASIS OF PRESENTATION (Schedule of Consolidated Financial Statements) (Details) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Apr. 03, 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. | |
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 | |
Country | Argentina | Argentina | |
Percentage of ownership | 100.00% | 100.00% | |
Functional currency | Argentina Peso | Argentina Peso | |
Tower Three SAS [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Tower Three SAS ("Tower Three") | Tower Three SAS | |
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 | |
Country | Argentina | Argentina | |
Percentage of ownership | 100.00% | 100.00% | |
Functional currency | Argentina Peso | Argentina Peso | |
Innervision SAS [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Innervision SAS ("Innervision") | Innervision SAS | |
Country | Colombia | Colombia | |
Percentage of ownership | 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 | |
Country | Argentina | Argentina | |
Percentage of ownership | 65.00% | 65.00% | |
Functional currency | Argentina Peso | Argentina Peso | |
Tower Construction And 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 | |
Country | USA | USA | |
Percentage of ownership | 50.00% | 70.00% | |
Functional currency | US dollar | US dollar | |
Comercializadora Mexmaken SA De CV [Member] | |||
Disclosure of detailed information about business combination [line items] | |||
Entites | Comercializadora Mexmaken, S.A. de C.V. ("Mexmaken") | Comercializadora Mexmaken, S.A. de C.V. | |
Country | Mexico | Mexico | |
Percentage of ownership | 90.00% | 90.00% | 90.00% |
Functional currency | Mexican Peso | Mexican Peso |
SIGNIFICANT ACCOUNTING POLICI_4
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about property, plant and equipment [line items] | |||
Unrealized foreign exchange translation loss | $ (327,696) | $ (480,132) | $ (59,631) |
Useful life of intangible assets | 10 years | ||
Lease liability | $ 2,703,129 | 3,657,296 | |
IFRS 16 Leases [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Lease liability | $ 1,374,800 | ||
Furniture and equipment [Member] | Bottom of range [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Percentage of amortization annual rates | 10.00% | ||
Furniture and equipment [Member] | Top of range [member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Percentage of amortization annual rates | 33.30% | ||
Towers [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16 | 15.00% | ||
Mexmaken [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16 | 15.00% | ||
Evolution Technology SA [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Weighted average lessee's incremental borrowing rate applied to lease liabilities recognised at date of initial application of IFRS 16 | 35.00% |
SIGNIFICANT ACCOUNTING POLICI_5
SIGNIFICANT ACCOUNTING POLICIES (Schedule of difference between the operating lease commitments) (Details) | 12 Months Ended |
Dec. 31, 2018CAD ($) | |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |
Operating lease liability | $ 3,657,296 |
IFRS 16 Leases [Member] | |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | |
Effect of discounting at incremental borrowing rate | (2,282,496) |
Operating lease liability | $ 1,374,800 |
HYPERINFLATION (Narrative) (Det
HYPERINFLATION (Narrative) (Details) | 12 Months Ended | |
Dec. 31, 2019CAD ($) | Dec. 31, 2018CAD ($) | |
Disclosure Of Detailed Information About Hyperinflation [Abstract] | ||
Level of price index | 283.44 | 184.2 |
Price index movements | 53.85 | |
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, 2019. Non-monetary assets, liabilities, equity, and expenses (items that are not already expressed in terms of the monetary unit as at December 31, 2019) 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. | |
Gains on net monetary position | $ 2,087,881 | $ 924,340 |
REVERSE ACQUISITION AND LISTI_3
REVERSE ACQUISITION AND LISTING EXPENSE (Narrative) (Details) - Tower Three SAS [Member] | Dec. 31, 2017CAD ($)$ / sharesshares |
Disclosure of detailed information about business combination [line items] | |
Common share issued | 30,000,000 |
Deemed share issuance | 6,735,885 |
Per share price | $ / shares | $ 0.15 |
Deemed share issuance | $ | $ 1,010,383 |
REVERSE ACQUISITION AND LISTI_4
REVERSE ACQUISITION AND LISTING EXPENSE (Schedule of fair value of all the consideration to listing expense) (Details) | 12 Months Ended |
Dec. 31, 2017CAD ($) | |
Identifiable net obligations assumed: | |
Total listing expense | $ 1,144,167 |
Tower Three SAS [Member] | |
Acquisition-date fair value of total consideration transferred [abstract] | |
Deemed share issuance | 1,010,383 |
Identifiable net obligations assumed: | |
Cash and cash equivalent | 1,378,183 |
Subscriptions received for private placement | (1,602,257) |
Other assets | 230,097 |
Liabilities | (139,807) |
Net liabilities assumed | (133,784) |
Total listing expense | $ 1,144,167 |
TOWER CONSTRUCTION & TECHNICA_3
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. (Narrative) (Details) | Aug. 01, 2019CAD ($) | Aug. 01, 2019USD ($) | Mar. 01, 2019CAD ($) | Jul. 31, 2019CAD ($) | Dec. 31, 2019CAD ($) | Dec. 31, 2018CAD ($) | Dec. 31, 2017CAD ($) | Mar. 01, 2019USD ($) | Oct. 18, 2017 |
Disclosure of detailed information about business combination [line items] | |||||||||
Proceeds from disposition | $ 258,001 | ||||||||
Profit (loss), attributable to non-controlling interests | (3,170,031) | $ (18,314) | $ (280,127) | ||||||
Non-controlling interest | (3,357,287) | $ 162,471 | |||||||
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 | $ 106,121 | $ 80,000 | |||||||
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% | ||||||||
Proceeds from disposition | $ 330,397 | $ 250,000 | $ 258,001 | ||||||
Profit (loss), attributable to non-controlling interests | $ 519,983 | ||||||||
Non-controlling interest | $ 698,030 |
TOWER CONSTRUCTION & TECHNICA_4
TOWER CONSTRUCTION & TECHNICAL SERVICES, INC. (Schedule of presents assets acquired and liabilities) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Liabilities assumed: | |||
Due to related parties | $ (4,060,187) | $ (2,616,584) | $ (1,340,650) |
Tower Construction & Technical Services, Inc (TCTS) [Member] | |||
Liabilities assumed: | |||
Bank indebtedness | (52,042) | ||
Accounts payable | (5,201) | ||
Due to related parties | (127,655) | ||
Net liabilities of TCTS | (184,898) | ||
Net assets attributed to non-controlling interest | 0 | ||
Net liabilities assumed | $ (184,898) |
ACQUISITION OF INNERVISION TE_2
ACQUISITION OF INNERVISION TELECOM S.A.S ("INNERVISION") (Narrative) (Details) - Innervision Sas [Member] | 12 Months Ended | |||
Dec. 31, 2019 | Oct. 31, 2019COP ($) | Oct. 31, 2019CAD ($) | Dec. 31, 2018 | |
Disclosure of detailed information about business combination [line items] | ||||
Percentage of ownership | 100.00% | 90.00% | ||
Ownership interest acquired during period | 10.00% | |||
Purchase price | $ 7,000,000 | $ 2,685 |
ACQUISITION OF COMERCIALIZADO_3
ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. (Narrative) (Details) | 12 Months Ended | |||
Dec. 31, 2019CAD ($) | Dec. 31, 2018CAD ($) | Dec. 31, 2017CAD ($) | Apr. 03, 2018CAD ($) | |
Disclosure of detailed information about business combination [line items] | ||||
Impairment | $ 1,306,767 | $ 2,132,942 | $ 461,360 | |
Comercializadora Mexmaken SA De CV [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Percentage of voting equity interests acquired | 90.00% | 90.00% | 90.00% | |
Number of instruments or interests issued or issuable | 7,500,000 | |||
Equity interests of acquirer | $ 1,312,500 | |||
Impairment | $ 2,132,942 | |||
Impairment of goodwill | 1,315,258 | |||
Impairment of property and equipment | 461,597 | |||
Impairment of intangible assets | 417,587 | |||
Recovery of deferred income taxes | $ 61,500 |
ACQUISITION OF COMERCIALIZADO_4
ACQUISITION OF COMERCIALIZADORA MEXMAKEN, S.A. DE C.V. (Schedule of Assets Acquired and Liabilities Assumed) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Apr. 03, 2018 |
Assets acquired: | |||
Amounts receivable and prepaid expenses | $ 234,091 | $ 308,153 | |
Intangible assets | $ 1,602,728 | $ 1,843,589 | |
Comercializadora Mexmaken SA De CV [Member] | |||
Acquisition-date fair value of total consideration transferred [abstract] | |||
Fair value of common shares issued | $ 1,312,500 | ||
Total consideration | 1,312,500 | ||
Assets acquired: | |||
Cash | 18,436 | ||
Amounts receivable and prepaid expenses | 20,463 | ||
Construction in progress | 91,339 | ||
Furniture and equipment | 2,741 | ||
Intangible assets | 428,000 | ||
Goodwill | 1,315,258 | ||
Less: liabilities assumed | |||
Accounts payable | (356,404) | ||
Deferred income tax liability | (61,500) | ||
Net assets of Mexmaken | 1,458,333 | ||
Net assets attributed to non-controlling interest | (145,833) | ||
Net assets acquired | $ 1,312,500 |
NON-CONTROLLING INTEREST (NCI_2
NON-CONTROLLING INTEREST (NCI) (Narrative) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | ||
Non-controlling interests | $ (3,357,287) | $ 162,471 |
Deficiency attributable to shareholders | $ 223,612 | |
Tower Construction & Technical Services, Inc (TCTS) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion of ownership interests held by non-controlling interests | 50.00% | |
Non-controlling interests | $ 919,976 | |
Comercializadora Mexmaken SA De CV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion of ownership interests held by non-controlling interests | 90.00% | |
Non-controlling interests | $ 111,962 | |
Evolution Technology SA [Member] | ||
Disclosure of subsidiaries [line items] | ||
Proportion of ownership interests held by non-controlling interests | 65.00% | |
Non-controlling interests | $ 2,325,349 |
NON-CONTROLLING INTEREST (NCI_3
NON-CONTROLLING INTEREST (NCI) (Schedule Of Financial Information For Companies Subsidiaries) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Current assets | $ 2,959,907 | $ 2,224,656 | |
Current liabilities | 20,018,665 | 11,659,202 | |
Revenues for the year ended | 5,413,594 | 1,556,742 | $ 200,498 |
Net loss for the year ended | (8,147,268) | (9,131,285) | (9,863,677) |
Non-controlling interests [Member] | |||
Net loss for the year ended | (3,170,031) | $ (18,314) | $ (280,127) |
Non-controlling interests [Member] | Evolution, TCTS and Mexmaken [Member] | |||
Current assets | 3,466,115 | ||
Non-current assets | 9,463,080 | ||
Current liabilities | 18,306,038 | ||
Non-current liabilities | 1,691,801 | ||
Revenues for the year ended | 2,263,370 | ||
Net loss for the year ended | $ (6,225,672) |
NON-CONTROLLING INTEREST (NCI_4
NON-CONTROLLING INTEREST (NCI) (Schedule Of Net Change In Non-controlling Interest) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Noncontrolling Interests [Abstract] | |||
Balance, December 31, 2018 | $ 162,471 | ||
Change In Ownership Interest | (177,178) | ||
Share of loss for the year | (3,170,031) | $ (18,314) | $ (280,127) |
Currency translation adjustment | (172,549) | (153,204) | $ (41,241) |
Balance, December 31, 2019 | $ (3,357,287) | $ 162,471 |
INTANGIBLE ASSETS (Schedule of
INTANGIBLE ASSETS (Schedule of Intangible Assets) (Details) - Master lease agreements [Member] - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Cost [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning Balance | $ 1,982,354 | $ 1,982,354 |
Acquired through the acquisition of Mexmaken | 428,000 | |
Impairment | (428,000) | |
Ending Balance | 1,982,354 | 1,982,354 |
Accumulated Amortization [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning Balance | 138,765 | 59,471 |
Additions | 240,861 | 89,707 |
Impairment | (10,413) | |
Ending Balance | 379,626 | 138,765 |
Net Book Value [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning Balance | 1,843,589 | |
Ending Balance | $ 1,602,728 | $ 1,843,589 |
PROPERTY AND EQUIPMENT (Schedul
PROPERTY AND EQUIPMENT (Schedule of Property and Equipment) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | $ 8,221,477 | |
Balance at end of year | 8,732,046 | $ 8,221,477 |
Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 8,488,672 | 2,899,030 |
Monetary adjustment for hyperinflationary economy | 1,550,186 | 1,428,225 |
Obtained through acquisition of Mexmaken | 94,080 | |
Additions | 4,653,725 | 8,436,633 |
Transfer from CIP to towers | 0 | 0 |
Reclassification to assets held for sale | (845,737) | (1,196,745) |
Towers Sold | (167,896) | |
Impairment | (1,306,767) | (461,597) |
Foreign exchange movement | (2,859,297) | (2,710,954) |
Balance at end of year | 9,512,886 | 8,488,672 |
Cost [Member] | Towers [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 4,767,745 | 1,033,587 |
Monetary adjustment for hyperinflationary economy | 1,301,174 | 906,732 |
Obtained through acquisition of Mexmaken | 0 | |
Additions | 71,929 | 0 |
Transfer from CIP to towers | 6,031,951 | 6,164,373 |
Reclassification to assets held for sale | (845,737) | (1,196,745) |
Towers Sold | 0 | |
Impairment | (500,764) | (461,597) |
Foreign exchange movement | (2,180,040) | (1,678,605) |
Balance at end of year | 8,646,258 | 4,767,745 |
Cost [Member] | Construction in progress [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 3,652,130 | 1,804,928 |
Monetary adjustment for hyperinflationary economy | 68,942 | 504,218 |
Obtained through acquisition of Mexmaken | 91,339 | |
Additions | 4,405,289 | 8,413,968 |
Transfer from CIP to towers | (6,031,951) | (6,164,373) |
Reclassification to assets held for sale | 0 | 0 |
Towers Sold | (167,896) | |
Impairment | (786,617) | 0 |
Foreign exchange movement | (654,677) | (997,950) |
Balance at end of year | 485,220 | 3,652,130 |
Cost [Member] | Furniture and equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 68,797 | 60,515 |
Monetary adjustment for hyperinflationary economy | 180,070 | 17,275 |
Obtained through acquisition of Mexmaken | 2,741 | |
Additions | 176,507 | 22,665 |
Transfer from CIP to towers | 0 | 0 |
Reclassification to assets held for sale | 0 | 0 |
Towers Sold | 0 | |
Impairment | (19,386) | 0 |
Foreign exchange movement | (24,580) | (34,399) |
Balance at end of year | 381,408 | 68,797 |
Accumulated Amortization [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 267,195 | 32,364 |
Monetary adjustment for hyperinflationary economy | 73,748 | |
Additions | 703,895 | 392,128 |
Reclassification to assets held for sale | 94,011 | (80,369) |
Impairment | (4,151) | |
Foreign exchange movement | (165,836) | (76,928) |
Balance at end of year | 780,840 | 267,195 |
Accumulated Amortization [Member] | Towers [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 254,314 | 25,900 |
Monetary adjustment for hyperinflationary economy | 71,970 | |
Additions | 673,106 | 379,116 |
Reclassification to assets held for sale | 94,011 | 80,369 |
Impairment | 0 | |
Foreign exchange movement | (164,131) | (70,333) |
Balance at end of year | 741,248 | 254,314 |
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 | |
Additions | 0 | 0 |
Reclassification to assets held for sale | 0 | 0 |
Impairment | 0 | |
Foreign exchange movement | 0 | 0 |
Balance at end of year | 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 | 12,881 | 6,464 |
Monetary adjustment for hyperinflationary economy | 1,778 | |
Additions | 30,789 | 13,012 |
Reclassification to assets held for sale | 0 | 0 |
Impairment | (4,151) | |
Foreign exchange movement | (1,705) | (6,595) |
Balance at end of year | 39,592 | 12,881 |
Net Book Value [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 8,221,477 | |
Balance at end of year | 8,732,046 | 8,221,477 |
Net Book Value [Member] | Towers [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 4,513,431 | |
Balance at end of year | 7,905,010 | 4,513,431 |
Net Book Value [Member] | Construction in progress [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 3,652,130 | |
Balance at end of year | 485,220 | 3,652,130 |
Net Book Value [Member] | Furniture and equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Balance at beginning of year | 55,916 | |
Balance at end of year | $ 341,816 | $ 55,916 |
RIGHT-OF-USE ASSETS AND LEASE_3
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Narrative) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Lease liability | $ 2,703,129 | $ 3,657,296 |
Right-of-use asset | $ 2,706,368 | |
IFRS 16 Leases [Member] | ||
Disclosure of expected impact of initial application of new standards or interpretations [line items] | ||
Lease liability | 1,374,800 | |
Right-of-use asset | $ 1,374,800 |
RIGHT-OF-USE ASSETS AND LEASE_4
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (Schedule of Right of use asset and lease liability) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2019 | |
Right-of-use asset | ||
Additions | $ 1,721,936 | |
Depreciation | (317,208) | |
Impact of foreign exchange | (370,602) | |
Monetary adjustment for hyperinflationary economy | 297,442 | |
Ending balance | 2,706,368 | |
Lease liability | ||
Beginning Balance | 3,657,296 | |
Additions | 1,721,936 | |
Lease payments | (570,512) | |
Lease interest | 488,484 | |
Impact of foreign exchange | (311,579) | |
Operating lease liability | 2,703,129 | |
Current portion | $ 206,079 | |
Non-current lease liabilities | 2,497,050 | |
Lease liabilities | 2,703,129 | $ 2,703,129 |
IFRS 16 Leases [Member] | ||
Right-of-use asset | ||
Beginning Balance | 1,374,800 | |
Lease liability | ||
Beginning Balance | 1,374,800 | |
Lease liabilities | $ 1,374,800 |
ASSETS HELD FOR SALE (Narrative
ASSETS HELD FOR SALE (Narrative) (Details) | 12 Months Ended | ||
Dec. 31, 2019CAD ($) | Dec. 31, 2018CAD ($) | Dec. 31, 2018USD ($) | |
Disclosure of analysis of single amount of discontinued operations [line items] | |||
Assets held for sale | $ 751,726 | ||
Proceeds assets held for sale tower | 1,204,942 | ||
Promissory note outstanding | $ 1,780,822 | ||
Promissory note [Member] | |||
Disclosure of analysis of single amount of discontinued operations [line items] | |||
Proceeds from current borrowings | $ 1,300,000 | ||
Borrowings, interest rate | 10.00% | ||
Interest expense | $ 14,840 | ||
Promissory note outstanding |
CONVERTIBLE DEBENTURES (Narrati
CONVERTIBLE DEBENTURES (Narrative) (Details) - CAD ($) | 1 Months Ended | 12 Months Ended | |||||
Sep. 30, 2019 | Jun. 30, 2019 | Nov. 30, 2018 | Jun. 30, 2018 | Dec. 31, 2019 | Dec. 31, 2018 | Jan. 08, 2018 | |
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of bonds, notes and debentures | $ 988,000 | $ 966,300 | |||||
Cash debt issuance costs | 128,440 | 77,304 | |||||
Deferred tax liabilities | 1,431,615 | 702,000 | |||||
Current interest payable | 357,913 | 408,152 | |||||
Loss On Extinguishment Of Debt | $ 393,026 | ||||||
Warrants [Member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Common shares issued | 8,665,201 | ||||||
June 2018 [Member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of bonds, notes and debentures | $ 1,000,000 | ||||||
Terms | 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 | 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 | ||||||
Terms | seven months | ||||||
Borrowings, interest rate | 1.00% | ||||||
Conversion price per share | $ 0.10 | ||||||
Cash debt issuance costs | $ 46,295 | ||||||
Estimated rate for conversion feature | 17.00% | 25.00% | |||||
Equity portion | 53,583 | ||||||
Transaction costs | 4,397 | ||||||
Deferred tax liabilities | 46,513 | ||||||
November 2018 [Member] | Warrants [Member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Proceeds from issue of bonds, notes and debentures | $ 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, 2020 | ||||||
Equity portion | $ 2,673 | ||||||
Repayment of convertible debt | 750,000 | ||||||
Loss On Extinguishment Of Debt | 572,222 | ||||||
Fair Value Of Warrants | $ 287,623 | ||||||
June 2019 [Member] | Warrants [Member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Common shares issued | 15,000,000 | ||||||
Exercise price | $ 0.09 | ||||||
Fair Value Of Warrants | $ 287,272 | ||||||
Repurchase Price of Amended Warrants and New 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 | ||||||
Convertible debentures [Member] | |||||||
Disclosure of detailed information about borrowings [line items] | |||||||
Equity portion | (53,583) | ||||||
Transaction costs | (118,689) | ||||||
Interest expense | 127,500 | 71,836 | |||||
Current interest payable | $ 15,000 | $ 21,836 |
CONVERTIBLE DEBENTURES (Schedul
CONVERTIBLE DEBENTURES (Schedule of weighted average assumptions of share purchase warrants) (Details) - Convertible Debentures - Share Purchase Warrants [Member] | 12 Months Ended |
Dec. 31, 2019yr$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Entity Listing, Par Value Per Share | $ 0.08 |
Exercise price | $ 0.09 |
Option life, share options granted | yr | 1.42 |
Expected volatility, share options granted | 58.15% |
Risk free interest rate, share options granted | 1.49% |
Expected dividend as percentage, share options granted | 0.00% |
Expected forfeiture rate | 0.00% |
CONVERTIBLE DEBENTURES (Sched_2
CONVERTIBLE DEBENTURES (Schedule of Maturity of Convertible Debentures) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about borrowings [line items] | ||
Balance | $ 1,387,624 | |
Cash items | ||
Repayment of convertible debts | (750,000) | |
Non-cash items | ||
Balance | 745,000 | $ 1,387,624 |
Convertible debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Balance | 1,387,624 | 0 |
Cash items | ||
Issuance of convertible debt | 1,500,000 | |
Repayment of convertible debts | (750,000) | |
Non-cash items | ||
Equity portion of convertible debt | (53,583) | |
Transaction costs | (118,689) | |
Accreted interest | 107,376 | 64,896 |
Debt conversion | (5,000) | |
Extinguishment of debt | (745,000) | |
Issuance of debt | 745,000 | |
Balance | $ 745,000 | $ 1,387,624 |
LOANS PAYABLE (Narrative) (Deta
LOANS PAYABLE (Narrative) (Details) | 12 Months Ended | |||||
Dec. 31, 2019CAD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2018CAD ($)$ / sharesshares | Dec. 31, 2018USD ($) | Dec. 31, 2019USD ($) | Jan. 08, 2018shares | |
Disclosure of detailed information about borrowings [line items] | ||||||
Interest payable | $ | $ 357,913 | $ 408,152 | ||||
Warrants [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Common shares issued | shares | 8,665,201 | |||||
Loans Payable [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Interest expense | 336,817 | $ 253,840 | 20,052 | $ 15,472 | ||
Interest payable | $ 73,615 | $ 56,549 | ||||
Increase in loans payable and foreign exchange expense | $ | $ 431,708 | |||||
Loans Payable [Member] | Bottom of range [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Borrowings, interest rate | 0.00% | 0.00% | 0.00% | |||
Loans Payable [Member] | Top of range [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Borrowings, interest rate | 61.00% | 61.00% | 61.00% | |||
Loans Payable [Member] | Warrants [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Common shares issued | shares | 300,000 | |||||
Exercise price | $ / shares | $ 0.15 | |||||
Warrant term | 2 years | 2 years |
LOANS PAYABLE (Schedule of Loan
LOANS PAYABLE (Schedule of Loans Outstanding) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 1,263,055 | $ 1,537,930 | $ 0 |
Loans Payable 1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 731,606 | 1,002,199 | |
Currency | USD | ||
Terms | Unsecured, due on demand | ||
Loans Payable 2 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 148,158 | $ 220,500 | 0 |
Currency | Colombian Pesos | Colombian Pesos | |
Terms | Unsecured, due on demand | Unsecured, due on demand | |
Loans Payable 3 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 32,545 | $ 315,231 | 0 |
Currency | Argentina Pesos | Argentina Pesos | |
Terms | Unsecured, due on demand | Unsecured, due on demand | |
Loans Payable 4 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 350,746 | $ 0 | |
Currency | Argentina Pesos | ||
Terms | Unsecured, due January 2020 | ||
Loans Payable 5 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 410,959 | 0 | |
Currency | USD | ||
Terms | Unsecured, due February 24, 2019 | ||
Loans Payable 6 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 410,959 | ||
Currency | USD | ||
Terms | Unsecured, due March 6, 2019 | ||
Loans Payable 7 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 68,213 | 0 | |
Currency | USD | ||
Terms | Unsecured, due February 19, 2019 | ||
Loans Payable 8 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Balance | $ 112,068 | $ 0 | |
Currency | USD | ||
Terms | Unsecured, due on demand |
BONDS PAYABLE (Narrative) (Deta
BONDS PAYABLE (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Number of bonds issued | 9,880 | 9,663 | |
Bonds issued price | $ 100 | ||
Proceeds from issuance of bonds | 988,000 | $ 966,300 | |
Cash debt issuance costs | $ 128,440 | $ 77,304 | |
Exercise price | $ 0.30 | $ 0.30 | $ 0.28 |
Amortization expense related to debt issuance costs | $ 1,261,964 | $ 436,902 | $ 94,468 |
Bonds payable | 1,787,351 | 865,937 | |
Interest expense on bonds | 177,005 | 15,038 | |
Interest payable | $ 357,913 | 408,152 | |
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 | $ 95,399 | 5,455 | |
Interest payable | $ 16,599 | $ 15,038 | |
Bonds Payable Share Purchase Warrants [Member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Common shares issued | 921,780 | 740,240 | |
Fair value of common shares issued | $ 33,545 | $ 28,514 | |
Warrant term | 2 years | ||
Bonds Payable Share Purchase Warrants [Member] | Bottom of range [member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Exercise price | $ 0.08 | ||
Bonds Payable Share Purchase Warrants [Member] | Top of range [member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Exercise price | $ 0.14 |
BONDS PAYABLE (Schedule of Weig
BONDS PAYABLE (Schedule of Weighted Average Assumptions) (Details) - Bonds Payable - Share Purchase Warrants [Member] | 12 Months Ended | |
Dec. 31, 2019yr$ / shares | Dec. 31, 2018yr$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Share price at grant date | $ 0.09 | $ 0.10 |
Exercise price | $ 0.09 | $ 0.10 |
Expected life (in years) | yr | 2 | 2 |
Expected volatility | 76.65% | 92.85% |
Risk free interest rate | 1.68% | 2.12% |
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) | 12 Months Ended | |||||||
Dec. 31, 2019CAD ($)$ / sharesshares | Dec. 31, 2019USD ($)shares | Dec. 31, 2018CAD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017CAD ($) | Dec. 31, 2019USD ($)shares | Jun. 30, 2018 | Jan. 08, 2018shares | |
Disclosure of transactions between related parties [line items] | ||||||||
Related party payables | $ 147,631 | |||||||
Warrants [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Common shares issued | shares | 8,665,201 | |||||||
Related Party Share Purchase Warrants [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Share purchase warrants agreed to issue | shares | 2,381,301 | 2,381,301 | ||||||
Fair value of warrants | $ 180,714 | |||||||
Warrants exercisable price | $ / shares | $ 0.09 | |||||||
Warrant term | 5 years | 5 years | ||||||
Loss on extinguishment | $ 180,714 | |||||||
Related Party Loan [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Interest rate | 10.00% | |||||||
Finance expenses | 528,132 | $ 407,500 | ||||||
Interest expense | 492,729 | $ 371,342 | 311,102 | $ 240,043 | $ 114,719 | |||
Interest payable | 335,330 | |||||||
Advanced to related party | 224,976 | |||||||
Loans from related parties increased | 506,804 | |||||||
Interest payable decreased | 494,934 | |||||||
Foreign exchange expense increased | 11,870 | |||||||
Unpaid interest and loan penalties | 252,144 | |||||||
Penalties | 212,312 | $ 160,000 | ||||||
Interest accrued added to principal balance of loans | 539,236 | $ 395,259 | ||||||
Loss on extinguishment | $ 212,312 | |||||||
Related Party Loan [Member] | Warrants [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Common shares issued | shares | 250,000 | 250,000 | ||||||
Warrants exercisable price | $ / shares | $ 0.15 | |||||||
Directors and officers [Member] | ||||||||
Disclosure of transactions between related parties [line items] | ||||||||
Share-based compensation | $ 1,913,692 | $ 3,693,799 |
RELATED PARTY TRANSACTIONS AN_4
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule of Loan Balances with Related Parties) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Balance | $ 4,060,187 | $ 2,616,584 | $ 1,340,650 |
Related Party Loan 1 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 4,047,119 | 2,283,937 | |
Currency | USD | ||
Terms | 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 | 24.00% | ||
Related Party Loan 2 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 0 | $ 207,803 | 0 |
Currency | Colombian Pesos | Colombian Pesos | |
Interest rate | 0.00% | 0.00% | |
Terms | Unsecured, due on demand | Unsecured, due on demand | |
Related Party Loan 3 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 13,068 | $ 124,844 | 0 |
Currency | Argentina Pesos | Argentina Pesos | |
Interest rate | 18.00% | 0.00% | |
Terms | Unsecured, due on demand | Unsecured, due on demand | |
Related Party Loan 4 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 2,133,868 | 1,191,775 | |
Currency | USD | ||
Terms | Unsecured, due on demand | ||
Related Party Loan 4 [Member] | Bottom of range [member] | |||
Disclosure of transactions between related parties [line items] | |||
Interest rate | 0.00% | ||
Related Party Loan 4 [Member] | Top of range [member] | |||
Disclosure of transactions between related parties [line items] | |||
Interest rate | 24.00% | ||
Related Party Loan 5 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 150,069 | 0 | |
Currency | USD | ||
Interest rate | 24.00% | ||
Terms | Unsecured, due January or February 2019 | ||
Related Party Loan 6 [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Balance | $ 0 | $ 148,875 | |
Currency | — | ||
Interest rate | 0.00% | ||
Terms | Accrued interest and other |
RELATED PARTY TRANSACTIONS AN_5
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule Fair Value Of Obligation To Issue Share Purchase Warrants) (Details) - Related Party Share Purchase Warrants [Member] | 12 Months Ended |
Dec. 31, 2019yr$ / 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% |
RELATED PARTY TRANSACTIONS AN_6
RELATED PARTY TRANSACTIONS AND BALANCES (Schedule of Remuneration of Key Management) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | |||
Remuneration of key management | $ 670,100 | $ 379,243 | $ 271,255 |
CEO [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Remuneration of key management | 204,000 | 165,605 | 151,200 |
COO [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Remuneration of key management | 204,000 | 114,546 | 0 |
CFO [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Remuneration of key management | $ 262,100 | $ 99,092 | $ 120,055 |
SHARE CAPITAL (Narrative) (Deta
SHARE CAPITAL (Narrative) (Details) | Jan. 08, 2018CAD ($)$ / sharesshares | Jan. 12, 2017CAD ($)$ / sharesshares | Dec. 31, 2019$ / sharesshares | Dec. 31, 2018CAD ($)$ / sharesshares | Dec. 31, 2017CAD ($)$ / sharesshares | Apr. 03, 2018CAD ($)shares | Apr. 03, 2018USD ($)shares | Jun. 19, 2017$ / shares |
Disclosure of classes of share capital [line items] | ||||||||
Exercise of stock options, shares | 5,600,000 | |||||||
Exercise price | $ / shares | $ 0.30 | $ 0.30 | $ 0.28 | |||||
Proceeds from issuing shares | $ | $ 30,000 | $ 3,367,310 | ||||||
Proceeds from exercise of options | $ | 1,260,000 | |||||||
Contributed surplus | $ | 1,200,301 | |||||||
Share-based compensation | $ | $ 1,913,692 | 3,693,799 | ||||||
Weighted average remaining contractual life of outstanding share options | 2 years 10 months 24 days | 3 years 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% | |||||||
Weighted average fair value of stock options | $ | $ 1.50 | $ 0.80 | ||||||
Warrants [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 8,665,201 | |||||||
Exercise price | $ / shares | $ 0.25 | $ 0.11 | $ 0.12 | $ 0.42 | ||||
Percentage of exercised warrants | 8.00% | |||||||
Warrants exercise | 8,665,201 | |||||||
Proceeds from exercise of options | $ | $ 2,166,300 | |||||||
Each share purchase warrant assessed value | $ / shares | $ 0.40 | |||||||
Share-based compensation | $ | $ 10,410 | |||||||
Options and warrants [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 14,904,901 | |||||||
Proceeds from issuing shares | $ | $ 3,818,339 | |||||||
Contributed surplus | $ | $ 2,959,537 | |||||||
To related party for interest payment [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 780,000 | 780,000 | ||||||
Fair value of common shares issued | $ 156,000 | $ 120,000 | ||||||
Services [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 525,690 | 1,000,000 | ||||||
Exercise price | $ / shares | $ 0.25 | |||||||
Fair value of common shares issued | $ | $ 110,395 | $ 340,000 | ||||||
Subscriptions [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 142,857 | |||||||
Exercise price | $ / shares | $ 0.25 | |||||||
Fair value of common shares issued | $ | $ 30,000 | |||||||
Rojo Resources Ltd.[Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 500,000 | |||||||
Net assets acquired | $ | $ 500,000 | |||||||
Fair value of investment written off | $ | $ 175,000 | |||||||
Percentage of escrow release | 10.00% | |||||||
Percentage of remaining release | 15.00% | |||||||
Escrow Agreement [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 30,000,000 | 30,000,000 | 30,000,000 | |||||
Escrow [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 75,000 | 225,000 | ||||||
For acquisition of Mexmaken [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 7,500,000 | 7,500,000 | ||||||
Class B Series I preferred shares [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Share authorized | 1,500,000 | |||||||
Class B Series II preferred shares [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Share authorized | 1,000,000 | |||||||
For exercise of conversion option of certain convertible debentures [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 50,000 | |||||||
Private Placements [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 15,484,912 | 15,484,912 | ||||||
Exercise price | $ / shares | $ 0.40 | |||||||
Shares issued price per share | $ / shares | $ 0.15 | |||||||
Proceeds from issuing shares | $ | $ 2,322,737 | |||||||
Cash commissions | $ | $ 87,767 | |||||||
Private Placements [Member] | Warrants [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 585,117 | 585,117 | ||||||
Exercise price | $ / shares | $ 0.36 | $ 0.60 | ||||||
Fair value of common shares issued | $ | $ 208,211 | $ 142,319 | ||||||
Each share purchase warrant assessed value | $ / shares | $ 0.40 | |||||||
Warrants [Member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Common shares issued | 3,774,466 | |||||||
Exercise price | $ / shares | $ 0.30 | $ 0.50 | ||||||
Warrants exercise | 3,774,466 | |||||||
Proceeds from exercise of options | $ | $ 1,132,340 |
SHARE CAPITAL (Schedule of Stoc
SHARE CAPITAL (Schedule of Stock Options and Warrants Weighted Average Assumptions) (Details) | Jan. 08, 2018yr$ / shares | Jan. 12, 2017yr$ / shares | Dec. 31, 2019yr$ / shares | Dec. 31, 2018yr$ / shares | Dec. 31, 2017yr$ / shares |
Warrants [Member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Exercise price | $ 0.40 | $ 0.40 | |||
Expected life (in years) | yr | 0.5 | 2 | |||
Expected volatility, share options granted | 81.00% | 225.00% | |||
Risk free interest rate, share options granted | 1.32% | 0.76% | |||
Expected dividend as percentage, share options granted | 0.00% | 0.00% | |||
Expected forfeiture rate | 0.00% | 0.00% | |||
Stock Options [Member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share price at grant date | $ 0 | $ 0.22 | $ 0.25 | ||
Exercise price | $ 0 | $ 0.23 | $ 0.26 | ||
Expected life (in years) | yr | 0 | 5 | 2 | ||
Expected volatility, share options granted | 0.00% | 202.00% | 215.00% | ||
Risk free interest rate, share options granted | 0.00% | 2.07% | 0.76% | ||
Expected dividend as percentage, share options granted | 0.00% | 0.00% | 0.00% | ||
Expected forfeiture rate | 0.00% | 0.00% | 0.00% |
SHARE CAPITAL (Schedule of Cont
SHARE CAPITAL (Schedule of Continuity of Stock Options and Warrants) (Details) | 12 Months Ended | |
Dec. 31, 2019Share$ / shares | Dec. 31, 2018Share$ / shares | |
Number | ||
Balance, beginning | Share | 1,275,000 | 4,564,565 |
Granted | Share | 8,690,000 | |
Exercised | Share | (5,600,000) | |
Cancelled or forfeited | Share | (6,379,565) | |
Balance, ending | Share | 1,275,000 | 1,275,000 |
Weighted average exercise price | ||
Balance, beginning | $ / shares | $ 0.30 | $ 0.28 |
Granted | $ / shares | 0.24 | |
Exercised | $ / shares | 0.23 | |
Cancelled or forfeited | $ / shares | 0.25 | |
Balance, ending | $ / shares | $ 0.30 | $ 0.30 |
Warrants [Member] | ||
Number | ||
Balance, beginning | Share | 16,290,573 | 16,070,029 |
Granted | Share | 15,924,860 | 24,952,622 |
Exercised | Share | (8,665,201) | |
Expired | Share | (16,066,877) | |
Balance, ending | Share | 32,215,433 | 16,290,573 |
Weighted average exercise price | ||
Balance, beginning | $ / shares | $ 0.12 | $ 0.42 |
Granted | $ / shares | 0.09 | 0.22 |
Exercised | $ / shares | 0.25 | |
Expired | $ / shares | 0.43 | |
Balance, ending | $ / shares | $ 0.11 | $ 0.12 |
SHARE CAPITAL (Schedule of St_2
SHARE CAPITAL (Schedule of Stock Options and Warrants Outstanding and Exercisable) (Details) | 12 Months Ended | ||
Dec. 31, 2019Share$ / shares | Dec. 31, 2018Share$ / shares | Dec. 31, 2017Share | |
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 | 4,564,565 |
Options exercisable | 1,275,000 | 1,275,000 | |
Exercise price | $ / shares | $ 0.30 | $ 0.30 | |
Remaining life (years) | 2 years 10 months 24 days | 3 years 10 months 24 days | |
Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 32,215,433 | 16,290,573 | 16,070,029 |
Ranges of exercise prices for outstanding share options One [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 325,000 | 325,000 | |
Options exercisable | 325,000 | 325,000 | |
Exercise price | $ / shares | $ 0.45 | $ 0.45 | |
Remaining life (years) | 2 years 2 months 15 days | 3 years 2 months 15 days | |
Expiry date | March 17, 2022 | March 17, 2022 | |
Ranges of exercise prices for outstanding share options One [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 113,829 | ||
Exercise price | $ / shares | $ 0.14 | ||
Expiry date | September 20, 2020 | ||
Ranges of exercise prices for outstanding share options two [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 950,000 | 950,000 | |
Options exercisable | 950,000 | 950,000 | |
Exercise price | $ / shares | $ 0.25 | $ 0.25 | |
Remaining life (years) | 3 years 1 month 17 days | 4 years 1 month 17 days | |
Expiry date | February 17, 2023 | February 17, 2023 | |
Ranges of exercise prices for outstanding share options two [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 48,448 | ||
Exercise price | $ / shares | $ 0.13 | ||
Expiry date | September 27, 2020 | ||
Ranges of exercise prices for outstanding share options three [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 550,000 | ||
Exercise price | $ / shares | $ 0.15 | ||
Expiry date | September 30, 2020 | ||
Ranges of exercise prices for outstanding share options Four [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 31,491 | ||
Exercise price | $ / shares | $ 0.11 | ||
Expiry date | October 24, 2020 | ||
Ranges of exercise prices for outstanding share options Five [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 141,913 | ||
Exercise price | $ / shares | $ 0.12 | ||
Expiry date | October 11, 2020 | ||
Ranges of exercise prices for outstanding share options Six [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 5,000,000 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | November 13, 2020 | ||
Ranges of exercise prices for outstanding share options Seven [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 10,000,000 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | November 13, 2020 | ||
Ranges of exercise prices for outstanding share options Eight [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 15,000,000 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | November 13, 2020 | ||
Ranges of exercise prices for outstanding share options Nine [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 90,164 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | November 26, 2020 | ||
Ranges of exercise prices for outstanding share options Ten [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 25,219 | ||
Exercise price | $ / shares | $ 0.11 | ||
Expiry date | November 2, 2020 | ||
Ranges of exercise prices for outstanding share options Eleven [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 111,700 | ||
Exercise price | $ / shares | $ 0.08 | ||
Expiry date | December 2, 2020 | ||
Ranges Of Exercise Prices For Outstanding Share Options Twelve [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 180,889 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | December 30, 2020 | ||
Ranges Of Exercise Prices For Outstanding Share Options Thirteen [Member] | Warrants [Member] | |||
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items] | |||
Number of Options Outstanding | 921,780 | ||
Exercise price | $ / shares | $ 0.09 | ||
Expiry date | October 1, 2021 |
CAPITAL DISCLOSURE (Narrative)
CAPITAL DISCLOSURE (Narrative) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure Of Capital Disclosure [Abstract] | ||
Accumulated deficit | $ 23,585,459 | $ 19,009,676 |
FINANCIAL INSTRUMENTS AND RIS_2
FINANCIAL INSTRUMENTS AND RISK (Narrative) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about financial instruments [line items] | |||
Accounts receivable | $ 1,808,397 | $ 454,024 | |
Allowance for doubtful accounts | 179,868 | ||
Working capital deficiency | 17,058,758 | 9,434,546 | |
Deposits from customers | 8,526,085 | ||
Currency Risk [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Deposits from customers | $ 8,526,085 | ||
Confidence interval | 15.00% | ||
Foreign exchange gain (loss) | $ 1,021,871 | ||
Bottom of range [Member] | Interest rate risk [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Borrowings, interest rate | 12.00% | ||
Top of range [Member] | Interest rate risk [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 Maturities of Financial Liabilities Undiscounted Contractual Cash Flows) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Convertible debentures | $ 745,000 | $ 1,387,624 | |
Promissory note payable | 1,780,822 | ||
Loans payable | 1,263,055 | 1,537,930 | $ 0 |
Loans from related parties | 4,060,187 | 2,616,584 | $ 1,340,650 |
Bonds payable | 1,787,351 | 865,937 | |
Lease liability | 2,703,129 | $ 3,657,296 | |
Carrying amount [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 4,035,983 | ||
Interest payable | 357,913 | ||
Convertible debentures | 745,000 | ||
Loans payable | 1,263,055 | ||
Loans from related parties | 4,060,187 | ||
Bonds payable | 1,787,351 | ||
Lease liability | 2,703,129 | ||
Total | 14,952,618 | ||
Contractual cash flows [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 4,035,983 | ||
Interest payable | 357,913 | ||
Convertible debentures | 745,000 | ||
Loans payable | 1,263,055 | ||
Loans from related parties | 4,060,187 | ||
Bonds payable | 1,954,300 | ||
Lease liability | 5,587,147 | ||
Total | 18,003,585 | ||
Less than 1 year [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 4,035,983 | ||
Interest payable | 357,913 | ||
Convertible debentures | 745,000 | ||
Loans payable | 1,263,055 | ||
Loans from related parties | 4,060,187 | ||
Bonds payable | 0 | ||
Lease liability | 654,231 | ||
Total | 11,116,369 | ||
1 - 3 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 0 | ||
Convertible debentures | 0 | ||
Loans payable | 0 | ||
Loans from related parties | 0 | ||
Bonds payable | 1,954,300 | ||
Lease liability | 1,801,543 | ||
Total | 3,755,843 | ||
4 - 5 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 0 | ||
Convertible debentures | 0 | ||
Loans payable | 0 | ||
Loans from related parties | 0 | ||
Bonds payable | 0 | ||
Lease liability | 1,169,009 | ||
Total | 1,169,009 | ||
After 5 years [Member] | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Accounts payable and accrued liabilities | 0 | ||
Interest payable | 0 | ||
Convertible debentures | 0 | ||
Loans payable | 0 | ||
Loans from related parties | 0 | ||
Bonds payable | 0 | ||
Lease liability | 1,962,364 | ||
Total | $ 1,962,364 |
FINANCIAL INSTRUMENTS AND RIS_4
FINANCIAL INSTRUMENTS AND RISK (Schedule of Financial Instruments Denominated in Foreign Currencies) (Details)) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | $ 56,629 | $ 346,103 | $ 284,225 | $ 9,864 |
Customer deposits | (8,526,085) | |||
Lease liability | (2,703,129) | (3,657,296) | ||
Loans payable | (1,263,055) | (1,537,930) | 0 | |
Loans from related parties | (4,060,187) | $ (2,616,584) | $ (1,340,650) | |
Currency risk [member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 44,880 | |||
Amounts receivable | 1,146,861 | |||
Accounts payable and accrued liabilities | (2,922,818) | |||
Customer deposits | (8,526,085) | |||
Interest payable | (357,913) | |||
Lease liability | (2,703,129) | |||
Loans payable | (1,263,055) | |||
Loans from related parties | (4,060,187) | |||
Net | (18,641,446) | |||
Currency risk [member] | Argentinian Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 23,209 | |||
Amounts receivable | 372,833 | |||
Accounts payable and accrued liabilities | (501,981) | |||
Customer deposits | 0 | |||
Interest payable | 0 | |||
Lease liability | (557,751) | |||
Loans payable | (383,291) | |||
Loans from related parties | (13,068) | |||
Net | (1,060,049) | |||
Currency risk [member] | Colombian Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 3,940 | |||
Amounts receivable | 409,665 | |||
Accounts payable and accrued liabilities | (912,245) | |||
Customer deposits | (4,227,680) | |||
Interest payable | 0 | |||
Lease liability | (851,590) | |||
Loans payable | (41,845) | |||
Loans from related parties | 0 | |||
Net | (5,619,755) | |||
Currency risk [member] | Mexican Pesos [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 579 | |||
Amounts receivable | 225,651 | |||
Accounts payable and accrued liabilities | (1,133,691) | |||
Customer deposits | (4,298,405) | |||
Interest payable | 0 | |||
Lease liability | (1,293,788) | |||
Loans payable | 0 | |||
Loans from related parties | 0 | |||
Net | (6,499,654) | |||
Currency risk [member] | United States Dollars [Member] | ||||
Disclosure of nature and extent of risks arising from financial instruments [line items] | ||||
Cash | 17,152 | |||
Amounts receivable | 138,712 | |||
Accounts payable and accrued liabilities | (374,901) | |||
Customer deposits | 0 | |||
Interest payable | (357,913) | |||
Lease liability | 0 | |||
Loans payable | (837,919) | |||
Loans from related parties | (4,047,119) | |||
Net | $ (5,461,988) |
ECONOMIC DEPENDENCE (Narrative)
ECONOMIC DEPENDENCE (Narrative) (Details) - Customers | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Economic Dependence Narrative Details [Abstract] | ||
Number of sales customers | 10 | 7 |
ECONOMIC DEPENDENCE (Schedule o
ECONOMIC DEPENDENCE (Schedule of sales to individual customers exceeding 10% revenues) (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of major customers [line items] | |||
Revenues | $ 5,413,594 | $ 1,556,742 | $ 200,498 |
Customer A | |||
Disclosure of major customers [line items] | |||
Revenues | 3,069,670 | ||
Customer B | |||
Disclosure of major customers [line items] | |||
Revenues | $ 736,959 |
SEGMENTED INFORMATION (Narrativ
SEGMENTED INFORMATION (Narrative) (Details) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
Number of operating segment | 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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Current assets | $ 2,959,907 | $ 2,224,656 | |
Property and equipment | 8,732,046 | 8,221,477 | |
Total assets | 16,001,049 | 12,581,840 | |
Revenues: | |||
Total revenue | 5,413,594 | 1,556,742 | $ 200,498 |
Net income (loss) | (8,147,268) | (9,131,285) | $ (9,863,677) |
Argentina [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 1,846,046 | 84,539 | |
Property and equipment | 3,390,632 | 6,801,551 | |
Other non-current assets | 669,687 | 67,142 | |
Total assets | 5,930,365 | 6,953,232 | |
Revenues: | |||
Tower rental revenue | 1,102,810 | 490,202 | |
Service revenue | 0 | 0 | |
Sales revenue | 0 | ||
Total revenue | 1,102,810 | 490,202 | |
Net income (loss) | (4,042,521) | 458,157 | |
Colombia [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 532,959 | 227,898 | |
Property and equipment | 1,997,048 | 194,932 | |
Other non-current assets | 808,973 | 0 | |
Total assets | 3,338,980 | 422,830 | |
Revenues: | |||
Tower rental revenue | 292,848 | 161,826 | |
Service revenue | 0 | 0 | |
Sales revenue | 3,069,670 | ||
Total revenue | 3,362,518 | 161,826 | |
Net income (loss) | 1,249,291 | (201,313) | |
Mexico [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 298,605 | 376,301 | |
Property and equipment | 3,243,634 | 1,069,171 | |
Other non-current assets | 1,204,380 | 0 | |
Total assets | 4,746,619 | 1,445,472 | |
Revenues: | |||
Tower rental revenue | 244,978 | 0 | |
Service revenue | 0 | 0 | |
Sales revenue | 141,529 | ||
Total revenue | 386,507 | 0 | |
Net income (loss) | (994,550) | (386,363) | |
United States of America [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 268,518 | 140,919 | |
Property and equipment | 85,612 | 155,823 | |
Other non-current assets | 5,328 | 0 | |
Total assets | 359,458 | 296,742 | |
Revenues: | |||
Tower rental revenue | 0 | 0 | |
Service revenue | 561,759 | 904,714 | |
Sales revenue | 0 | ||
Total revenue | 561,759 | 904,714 | |
Net income (loss) | (1,322,940) | 149,812 | |
Corporate [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 13,779 | 1,327,857 | |
Property and equipment | 15,120 | 0 | |
Other non-current assets | 1,620,728 | 2,135,707 | |
Total assets | 1,649,627 | 3,463,564 | |
Revenues: | |||
Tower rental revenue | 0 | 0 | |
Service revenue | 0 | 0 | |
Sales revenue | 0 | ||
Total revenue | 0 | 0 | |
Net income (loss) | (3,036,548) | (8,708,000) | |
Total [Member] | |||
Disclosure of operating segments [line items] | |||
Current assets | 2,959,907 | 2,157,514 | |
Property and equipment | 8,732,046 | 8,221,477 | |
Other non-current assets | 4,309,096 | 2,202,849 | |
Total assets | 16,001,049 | 12,581,840 | |
Revenues: | |||
Tower rental revenue | 1,640,636 | 652,028 | |
Service revenue | 561,759 | 904,714 | |
Sales revenue | 3,211,199 | ||
Total revenue | 5,413,594 | 1,556,742 | |
Net income (loss) | $ (8,147,268) | $ (8,687,707) |
SUPPLEMENTAL CASH FLOW INFORM_3
SUPPLEMENTAL CASH FLOW INFORMATION (Details) - CAD ($) | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Supplemental Cash Flow Information [Abstract] | |||
Amounts receivable | $ (1,341,845) | $ (356,479) | $ (526,241) |
Prepaid expenses and deposits | 83,535 | (186,290) | (7,832) |
Unbilled revenues | (107,099) | 0 | 0 |
Other receivable | 67,143 | (277,682) | (14,436) |
Bank indebtedness | (39,464) | (8,632) | |
Accounts payable and accrued liabilities | (725,292) | 2,380,469 | (1,262,924) |
Interest payable | 488,997 | 401,104 | 0 |
Deferred revenue | 259,182 | 178,668 | 0 |
Customer deposits | 8,470,889 | 0 | 0 |
Income tax payable | 373,196 | 0 | 0 |
Changes in non-cash working capital items | $ 7,529,242 | $ 2,131,158 | $ (1,811,433) |
LEGAL DISCLOSURE (Narrative) (D
LEGAL DISCLOSURE (Narrative) (Details) - Dec. 31, 2019 | ARS ($) | CAD ($) |
Quilmes [Member] | ||
Disclosure of geographical areas [line items] | ||
Claims against Evolution for dismantling towers | $ 1,489,005 | $ 29,780 |
Bolivar and San Rafael [Member] | ||
Disclosure of geographical areas [line items] | ||
Claims against Evolution for dismantling towers | $ 420,000 | $ 4,200 |
INCOME TAXES (Narrative) (Detai
INCOME TAXES (Narrative) (Details) - CAD ($) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | $ 24,633,000 | $ 16,298,000 |
Non-capital losses carried forward expiration date | 2022 | |
Canada [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | $ 16,364,000 | 13,638,000 |
Argentina [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | 5,016,000 | 940,000 |
Colombia [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | 838,000 | |
Mexico [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | 1,453,000 | 582,000 |
United States of America [Member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Non-capital loss carry-forwards | $ 1,800,000 | $ 300,000 |
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, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Major components of tax expense (income) [abstract] | |||
Net loss before income taxes | $ (8,088,694) | $ (9,444,333) | $ (9,968,677) |
Net loss | $ (8,147,268) | $ (9,131,285) | $ (9,863,677) |
Statutory income tax rate | 27.00% | 32.00% | 26.00% |
Income tax expense (recovery) | $ (2,199,762) | $ (2,922,011) | $ (2,591,856) |
Differences between Canadian and foreign tax rates | (113,858) | 0 | 0 |
Permanent differences and others | (706,889) | (303,048) | 1,457,000 |
Impact of foreign exchange | 509,162 | 0 | 0 |
Effect of change in income tax rates | 0 | (37,000) | (6,000) |
Temporary differences | 466,969 | 57,000 | 0 |
Change in unrecognized losses | 2,102,952 | 2,892,011 | 1,035,856 |
Net deferred tax (recovery) | 58,574 | (313,048) | (105,000) |
Current income tax expense | (380,863) | 0 | 0 |
Deferred income tax recovery | (322,289) | (313,048) | (105,000) |
Total income tax expense (recovery) | $ 58,574 | $ (313,048) | $ (105,000) |
INCOME TAXES (Schedule of Signi
INCOME TAXES (Schedule of Significant Components of Deferred Income Tax Assets and Liabilities) (Details) - CAD ($) | Dec. 31, 2019 | Dec. 31, 2018 |
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | $ 1,431,615 | $ 379,711 |
Deferred income tax liability | (1,431,615) | (702,000) |
Net deferred tax asset (liability) | 0 | (322,289) |
Non-capital loss carry-forwards [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 607,610 | 222,711 |
Lease liabilities [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 824,005 | 0 |
Capital assets [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 0 | 139,000 |
Share issuance costs [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 0 | 14,000 |
Capital losses [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax assets | 0 | 4,000 |
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 | (852,881) | 0 |
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 | (560,756) | (645,000) |
Excess of carrying value over tax value of convertible debentures [Member] | ||
Components Of Deferred Income Tax Assets And Liabilities [Line Items] | ||
Deferred income tax liability | 0 | (30,000) |
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 | $ (17,978) | $ (27,000) |
INCOME TAXES (Schedule of unrec
INCOME TAXES (Schedule of unrecognized tax benefits and unused taxes) (Details) | Dec. 31, 2019CAD ($) |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Unrecognized deductible temporary differences | $ 22,832,318 |
Non-capital losses carried forward [Member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Unrecognized deductible temporary differences | 19,451,150 |
Property and equipment [Member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Unrecognized deductible temporary differences | 15,068 |
Share issuance costs [Member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Unrecognized deductible temporary differences | 35,107 |
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 |
Lease liabilities [Member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Unrecognized deductible temporary differences | $ 36,157 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) - Subsequent Events [Member] | 12 Months Ended |
Dec. 31, 2019CAD ($)shares | |
Disclosure of non-adjusting events after reporting period [line items] | |
Amount of penalty for extension of financing terms | $ 50,000 |
Number of share issue to existing lenders in consideration for the extension of financing terms | shares | 714,286 |
Repayment of convertible debenture | $ 519,000 |