XML 33 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions
15.Related Party Transactions

 

The Company’s related parties include directors, shareholders and key management.

 

During the three months ended March 31, 2023, compensation to related parties totalled $2,951,232 (three months ended March 31, 2022 - $350,145), of which the Company paid share-based compensation to related parties amounting to $1,673,431 (three months ended March 31, 2022 - $4,618).

The Company incurred related party expenses for personnel services of $564,649 and $382,780 during the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, accounts payable for personnel services was $215,636 (December 31, 2022 - $174,351).

 

Additionally, the Company owns $390,000 (December 31, 2022 - $390,000) from related parties carrying an interest rate of 0.19% per annum, for a Company’s subsidiary’s domain name.

 

There were no other related party transactions during these periods.