XML 31 R18.htm IDEA: XBRL DOCUMENT v3.20.1
Note 12 - Related Party Transactions
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
12.
Related Party Transactions:
 
The Company has a liability of
$11,000
(
December 31, 2019 -
$33,000
) to a company owned by a current director and officer of the Company for payment of consulting services rendered of
$33,000
(
March 31, 2019 -
$43,000
) by the current director and officer of the Company.
 
The Company has an asset of
$nil
(
December 31, 2019 -
$9
) to a current director and officer of the Company for expenses incurred.
 
The Company has a liability of
$nil
(
December 31, 2019  -
$267
) to a current director and officer of the Company for expenses incurred.
 
The Company has a liability of
$6,169
(
December 31, 2019 -
$19,779
) to a company owned by a current director and officer of the Company for payment of consulting services rendered of
$18,900
(
March 31, 2019 -
$19,533
) by the current director and officer of the Company.
 
The Company has a liability of
$7,500
(
December 31, 2019 -
$22,500
) to a company owned by a current director and officer of the Company for payment of consulting services rendered of
$22,500
(
March 31, 2019 -
$32,500
) by the current director and officer of the Company.
 
The Company has a liability of
$7,300
(
December 31, 2019 -
$30,974
) to a current director and officer of the Company for payroll.
 
The Company has a liability of
$7,000
(
December 31, 2019 -
$5,500
), to independent directors of the Company for payment of directors' fees. During the quarter ended
March 31, 2020,
the Company accrued
$2,500
(
March 31, 2019 -
$1,000
) to the independent directors in director fees.
 
The Company has a liability of
$38,767
(
December 31, 2019 -
$91
), to an officer of the Company for payment of consulting services rendered and expenses incurred of
$40,014
(
March 31, 2019 -
$42,928
) by the officer of the Company.
 
The Company has a liability of
$nil
(
December 31, 2019 -
$nil
), to an officer of the Company for payment of consulting fees and expenses incurred of
$28,379
(
March 31, 2019 -
$18,842
) by the officer of the Company.
 
The related party transactions are in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related party.