Note 11 - Related Parties

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

11. RELATED PARTIES  

Related parties include the Board of Directors, officers, close family members and enterprises that are controlled by these individuals as well as certain persons performing similar functions.

The Company defines its key management as the Board of Directors, Chief Executive Officer, President, and Chief Financial Officer. Remuneration of directors and key management personnel of the Company for the period ended March 31, 2023 and 2022 was as follows:

	2023		2022
Consulting	$	45,000	$	-
Selling general and administrative		15,369		27,493
Share-based compensation to directors and officers		1,442		17,431
	$	61,811	$	44,924

The Company for the period ended March 31, 2023 and 2022 reimbursed a related party $15,369 and $27,493, respectively, for selling, general and administrative expenses paid on behalf of the Company. The Company also recorded share-based compensation of $1,442 (2022 - $17,431) for options vested to related parties during the period ended March 31, 2023 and 2022.