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

Cash and cash equivalents

v3.23.1
Cash and cash equivalents
12 Months Ended
Dec. 31, 2022
Cash and cash equivalents  
Cash and cash equivalents

5.Cash and cash equivalents

The Company’s cash and cash equivalents consist of cash held of $5,178,223 (2021 - $18,851,244) and redeemable interest-bearing deposits with the Company’s bank totaling $8,947,299 (2021 - $nil). The current annual interest rate earned on these deposits is 3.90% (2021 - 0%).