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Tess Related Party Transactions

6 Months Ended

Jun. 30, 2019

Related Party Transactions [Abstract]

Tess Related Party Transactions

Note 14. Tess Related Party Transactions:

Tess related parties include: Powercases Inc., and 2227470 Ontario Inc., (companies that are wholly-owned by Jeffrey Mason, President and Chief Executive Officer of Tess), 1038088 Ontario Limited (a company that is wholly-owned by Fraser Mason, Chairman and Chief Financial Officer of Tess), and JLM Strategic Marketing (a proprietorship owned by Jennifer Mason, Manager Corporate Communications of Tess).

The following table provides the total amount of transactions that have been entered into with Tess related parties and outstanding balances with Tess related parties as of and for the periods identified:

		Period Ended
Services to Tess provided by (1):		June 30, 2019				June 30, 2018
Powercases Inc.		$	231,328			$	379,385
JLM Strategic Marketing		$	—			$	267,304
1038088 Ontario Limited		$	45,062			$	110,123

Payable to:			June 30, 2019				December 31, 2018
Powercases Inc.		$	—			$	37,250
JLM Strategic Marketing		$	—			$	9,483
1038088 Ontario Limited		$	—			$	52,053

(1)

- 2019 amounts provided by related parties are up to the date of de-consolidation.

During the period ended June 30, 2019 (up to the point of de-consolidation) and six months ended June 30, 2018, included in Tess's recorded services from related parties was approximately $260,000 and $180,000, respectively for Tess's key management personnel salaries.