q3 rersultsRevenue
The Company recorded an investment in SepSMART of $2,375,000 on the vend in of certain patents licensed to the associate. The revenue from the license is being recognized over the license term of 8 years that commenced December 5, 2023. For the nine month period ended September 30, 2024, revenue of $222,783 has been recorded (2023: $Nil) and the balance of the unearned revenues of $2,131,077 at September 30, 2024 (December 31, 2023: $2,353,860) is recorded as deferred revenue on the condensed interim consolidated statement of financial statements and will be recognized over the remaining term of the license.