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KEY MANAGEMENT COMPENSATION

12 Months Ended

Dec. 31, 2020

Key Management Compensation [Abstract]

KEY MANAGEMENT COMPENSATION [Text Block]

9. KEY MANAGEMENT COMPENSATION

The Company's related parties include its directors and officers, who are the key management of the Company.  The remuneration of key management was as follows:

For the year ended December 31,		2020			2019
		$			$
Salaries and director fees		968,769			832,566
Share-based payments		520,255			367,133
KEY MANAGEMENT COMPENSATION		1,489,024			1,199,699

 

Share-based payments represent the fair value of stock options previously granted to directors and officers that was recognized in the Company's consolidated financial statements during the years presented above.

During the year ended December 31, 2020, a director of the Company was indirectly paid $270,000 for marketing and financial advisory services.

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- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

+ References

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