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Loan Payable
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Loan Payable

14. Loan payable

 

During the nine-months ended September 30, 2020 the Company received a loan of $32,439, $10,000 and $108,000 from a unrelated third party with an interest rate of 10% per annum with a maturity date of December 31, July 22 and August 31, 2021 respectively.

 

During the nine-months ended September 30, 2020 the Company received $28,397 ($40,000 CDN) interest free from the Government of Canada as part of the COVID-19 small business relief program. Repaying the balance of the loan on or before December 31, 2022 will result in loan forgiveness of 25 percent.

 

As of September 30, 2020 the Company accrued interest of $2,226.