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v3.22.2.2

RELATED PARTY TRANSACTIONS | 6 Months Ended
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Jun. 30, 2022
Related party transactions [abstract] |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS All significant shareholders and other companies controlled or significantly influenced by the shareholders, and all members of the key management personnel of the Group are considered by the board of directors of the Company to be related parties. Directors’ and key management emoluments Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Group, including Directors. Compensation paid or payable to key management was comprised of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Salaries and remuneration to key management and executive directors | 1,053 |  |  | 1,036 |  |  | 2,403 |  |  | 2,015 |
Non-executive directors’ fees | 129 |  |  | 122 |  |  | 255 |  |  | 183 |
| 1,182 |  |  | 1,158 |  |  | 2,658 |  |  | 2,198 |
The emoluments paid to the Directors during the three months ended June 30, 2022 and 2021 amounted to $547 and $166, respectively. The emoluments paid to the Directors during the six months ended June 30, 2022 and 2021 amounted to $1,117 and $332, respectively. The following transactions were carried out with related parties:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Expenses |  |  |  |  |  |  |
Remuneration paid as consultancy fees | 443 |  |  | 756 |  |  | 1,005 |  |  | 1,012 |
Share-based payments | 470 |  |  | 74 |  |  | 971 |  |  | 722 |
Salaries and wages | 269 |  |  | 369 |  |  | 681 |  |  | 458 |
Other expenses | 4 |  |  | 4 |  |  | 8 |  |  | 8 |
| 1,186 |  |  | 1,203 |  |  | 2,665 |  |  | 2,200 |
At June 30, 2022 and December 31, 2021, the balance outstanding to related parties was $305 and $584, respectively. At June 30, 2022 and December 31, 2021, the following options and warrants were held by related parties:
| As At June 30, |  | As At December 31,
| 2022 |  | 2021
Key management and executive directors | 4,662,930 |  | 6,216,514

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