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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2023
RELATED PARTY TRANSACTIONS  
Summary of related party transactions

1.

Shares sold to Related Parties (See Notes 9 and 12 above)

 

$1,000,000

 

2.

Notes payable to related party converted to shares (See Notes 9 and 12 above)

 

 

1,000,000

 

3.

Compensation to officers (Value of 3 million shares owed to Paul Averback in 2023 was $1,754,513, and the value of 1.5 million shares owed to Paul Averback for back pay was $1,455,000, in which $2,053,869 was attributable to G&A, and $1,155,644 was attributable to R&D. The value of 100,000 shares to a former executive was $72,096, attributable to G&A, totalling $3,282,409)

 

 

3,282,409

 

 

Total Transactions for year

 

$5,282,409

 

Summary of Key management personnel compensation

In Thousands of US Dollars

Description

 

2023

 

 

2022

 

 

2021

 

Salary and Compensation

 

$157

 

 

$660

 

 

$750

 

Short-term employee benefits

 

 

2

 

 

 

14

 

 

 

14

 

Stock-based compensation

 

 

3,357

 

 

 

412

 

 

 

2,227

 

Total

 

$3,516

 

 

$1,086

 

 

$2,991