RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

SCHEDULE OF COMPENSATION TO KEY MANAGEMENT PERSONNEL

Compensation to key management personnel were as follows:

	2021		2020		2019
Salaries	$	1,782,297	$	1,501,058	$	1,251,277
Share-based payments (1)		2,077,333		2,144,930		2,135,579
Total	$	3,859,630	$	3,645,988	$	3,386,856

(1) Share-based payments are the fair value of options granted to key management personnel and expensed during the various years as calculated using the Black-Scholes model.