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Related party transactions
9 Months Ended
Sep. 30, 2022
Related Party Transactions [Abstract]  
Related party transactions

13. Related party transactions:

 

For the period ended September 30, 2022, the Company has the following related party transactions:

 

                     
   Nine Months ended
September 30, 2022
   Nine Months ended
September 30, 2021
   Three Months ended
September 30, 2022
   Three Months ended
September 30, 2021
 
                 
Directors fees  $5,998   $6,022   $2,000   $2,022 
Salaries, wages, consultants and benefits   537,502    473,492    159,498    127,092 
Selling and marketing   97,431    56,136    32,534    17,730 
Stock-based compensation (Note 9)   208,435    170,297    71,080    61,682 
Content and software development (Note 7)   187,114    161,628    62,849    54,801 
Related party transaction  $1,036,480   $867,575   $327,961   $263,327 

 

The Company has liabilities of $98,455 (December 31, 2021 - $53,829) as at September 30, 2022, to current directors, officers and companies owned by the current directors and officers of the Company for employment, director and consulting fees.

 

During the quarter ended March 31, 2022, the Company granted 900,000 options with an exercise price of CAD$0.50 ($0.39) per share to current directors and officers of the Company.

 

During the quarter ended March 31, 2021, the Company granted 400,000 options with an exercise price of CAD$0.50 ($0.39) per share to current directors and officers of the Company

 

 

Kidoz Inc. and subsidiaries

(Expressed in United States Dollars)

 

Notes to Consolidated Financial Statements

Nine Months ended September 30, 2022 and 2021

(Unaudited)