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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2023
RELATED PARTY TRANSACTIONS

20. RELATED PARTY TRANSACTIONS

 

Trade receivables/payables and accrued receivables/payables:

 

As at June 30, 2023, the Company had $nil (2022 - $155,108) receivable from related parties outstanding that were included in accounts receivable and $95,345 (2022 - $nil) payable from related parties that was included in accounts payable. The balances outstanding are unsecured, non-interest bearing and due on demand.

 

Key management compensation

 

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. Compensation awarded to key management for the three and six months ended June 30, 2023 and 2022 included:

  

   2023   2022   2023   2022 
  

For the three months ended June 30,

  

For the six months ended June 30,

 
   2023   2022   2023   2022 
Director fees  $151,577   $107,778   $303,240   $215,224 
Salaries   431,407    271,499    533,522    399,014 
Share-based payments   267,638    314,577    530,880    636,660 
Total  $850,622   $693,854   $1,367,642   $1,250,898 

 

Other related party transactions

  

   2023   2022   2023   2022 
  

For the three months ended June 30,

  

For the six months ended June 30,

 
   2023   2022   2023   2022 
Management fees paid to a company controlled by CEO and director  $280,000   $236,486   $380,000   $226,691 
Management fees paid to a company that the CEO holds an economic interest in   123,153    87,341    226,782    170,333 
Management fees paid to a company controlled by the former President and director   86,754    226,219    145,152    288,719 
Total  $489,907   $550,046   $751,934   $685,743