Related Party Transactions

9 Months Ended

Sep. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

8. Related Party Transactions

During the nine months ended September 30, 2022, the Company recorded salaries expense of $231,432 (2021 - $157,899) related to services rendered by the Company by its CEO. During the same period, the Company recorded salaries expense of $192,589 to an officer and director of the Company. As of September 30, 2022 the Company has a payable of $49,646 to the CEO.

During the nine months ended September 30, 2021, the Company paid a director of the Company $50,000 for services rendered from 2015 to 2020.

During the nine months ended September 30, 2021, the Company paid $59,203 to a U.S.-based corporation in which the Company’s CEO and Chairman of the Board is a stockholder.

Refer to note 18 for additional related party transactions.