Income Taxes (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Income Tax Disclosure [Abstract] |
|
| Schedule of Comprehensive Income before Income Tax, Domestic and Foreign |
The domestic and foreign components of loss before income taxes and provision for income taxes were as follows: | | | | | | | | Years ended | | December 31, 2019
$ | | December 31, 2018
$ | Loss before income taxes | | | | Domestic | (55,507 | ) | | (55,537 | ) | Foreign | (40,308 | ) | | (9,016 | ) | | (95,815 | ) | | (64,553 | ) | | | | | Current income tax expense | | | | Domestic | 63,120 |
| | — |
| Foreign | 1,850 |
| | — |
| | 64,970 |
| | — |
| Deferred income tax recovery | | | | Domestic | (14,351 | ) | | — |
| Foreign | (21,592 | ) | | — |
| | (35,943 | ) | | — |
| | | | | Provision for income taxes | 29,027 |
| | — |
|
|
| Reconciliation of the Expected Provision for Income Tax Recovery/Expense to the Actual Provision for Income Tax Recovery/Expense |
The reconciliation of the expected income tax recovery to the actual provision for income taxes reported in the Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2019 and 2018 is as follows: | | | | | | | | Years ended | | December 31, 2019
$ | | December 31, 2018
$ | Loss before income taxes | (95,815 | ) | | (64,553 | ) | Expected income tax recovery at Canadian statutory income tax rate of 26.51% (2018 - 26.51%) | (25,400 | ) | | (17,113 | ) | Permanent differences | 74,024 |
| | 16,057 |
| Foreign tax rate differential | 1,770 |
| | 1,726 |
| Tax credits earned during the year | (1,571 | ) | | — |
| Other items | (1,468 | ) | | (88 | ) | Change in valuation allowance | (18,328 | ) | | (582 | ) | Provision for income taxes | 29,027 |
| | — |
|
|
| Significant Components of Deferred Income Tax Assets and Liabilities |
The significant components of the Company’s deferred income tax assets and liabilities as of December 31, 2019 and 2018 are as follows: | | | | | | | | December 31, 2019
$ | | December 31, 2018
$ | Deferred tax assets | | | | Tax loss carryforwards | 59,407 |
| | 19,540 |
| Temporary differences on capital and intangible assets | 44,445 |
| | 2,366 |
| Stock-based compensation expense | 11,324 |
| | 6,427 |
| Accruals and reserves | 10,397 |
| | 8,384 |
| Share issuance costs | 6,590 |
| | 8,011 |
| Temporary differences related to lease assets and liabilities | 4,526 |
| | — |
| Investment tax credits | 694 |
| | 5,833 |
| Valuation allowance | (89,363 | ) | | (46,343 | ) | Total deferred tax assets | 48,020 |
| | 4,218 |
| | | | | Deferred tax liabilities | |
| | |
| Temporary differences on intangible assets | (35,967 | ) | | (5,350 | ) | Other deferred tax liabilities | (1,374 | ) | | — |
| Total deferred tax liabilities | (37,341 | ) | | (5,350 | ) | | | | | Net deferred tax assets (liabilities) | 10,679 |
| | (1,132 | ) |
|