| d. |
Functional currency, presentation currency and foreign currency
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1. |
Functional currency and presentation currency
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The consolidated financial statements are presented in U.S. dollars, which is the Company's functional and presentation currency.
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2. |
Transactions, assets and liabilities in foreign currency
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Transactions denominated in foreign currency are recorded on initial recognition at the exchange rate at the date of the transaction. After initial recognition, monetary assets and liabilities denominated in foreign currency are translated at the end of each reporting period into the functional currency at the exchange rate at that date. Exchange differences are recognized in profit or loss. Non-monetary assets and liabilities measured at cost in a foreign currency are translated at the exchange rate at the date of the transaction.
