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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2019
Disclosure of transactions between related parties [abstract] |
RELATED PARTY TRANSACTIONS [Text Block] | 16. RELATED PARTY TRANSACTIONS The aggregate value of transactions and outstanding balances relating to key management personnel were as follows:
|  |  |  |  | Share-based |  |  |  |
For the year ended December 31, 2019 |  | Salary or Fees |  |  | Payments |  |  | Total |
Management | $ | 650 |  | $ | 568 |  | $ | 1,218 |
Outside directors * |  | 152 |  |  | 282 |  |  | 434 |
Seabord Services Corp.** |  | 437 |  |  | - |  |  | 437 |
Total | $ | 1,239 |  | $ | 850 |  | $ | 2,089 |
|  | Salary or Fees & |  |  | Share-based |  |  |  |
For the year ended December 31, 2018 |  | Bonus |  |  | Payments |  |  | Total |
Management | $ | 2,693 |  | $ | 571 |  | $ | 3,264 |
Outside directors * |  | 1,513 |  |  | 247 |  |  | 1,760 |
Seabord Services Corp.** |  | 434 |  |  | - |  |  | 434 |
Total | $ | 4,640 |  | $ | 818 |  | $ | 5,458 |
* Directors fees include US$5 (2018 - US$5) per month paid to the Company’s non-Executive Chairman, who does not receive the fees paid to the other independent directors. ** Seabord Services Corp. (“Seabord”) is a management services company controlled by the Chairman of the Board of Directors of the Company. Seabord provides a Chief Financial Officer, accounting and administration staff, and office space to the Company. The Chief Financial Officer is an employee of Seabord and is not paid directly by the Company. Included in accounts payable and accrued liabilities as at December 31, 2019 and 2018 are as follows:
Related Party Assets and Liabilities | Service or Term |  | December 31, 2019 |  |  | December 31, 2018 |
Amounts due to: |  |  |  |  |  |  |
David M. Cole, President and CEO | Salary and bonus accrual | $ | 12 |  | $ | 1,501 |
Christina Cepeliauskas, CFO | Bonus and expense reimbursement |  | - |  |  | 238 |
Jan Steiert, Chief Legal Officer | Salary and bonus accrual |  | - |  |  | 239 |
Directors | Fees and bonus accruals |  | 24 |  |  | 1,387 |
|  | $ | 36 |  | $ | 3,365 |
Discretionary Bonuses In 2018 the Company awarded discretionary bonuses to management and staff totaling $5,224 in respect of their seven years of effort to monetize the Company’s investment in IGC. Prior to the Malmyzh sales transaction, EMX’s management had developed a bonus plan for strategic investments whereby a percentage of the after-tax profits of an individual investment could be paid as a bonus. By way of a common director, included in Note receivable (Note 7) are certain balances owing from a related party.

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