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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2024
Related Party Transactions |
RELATED PARTY TRANSACTIONS |
22. | RELATED PARTY TRANSACTIONS
Key Personnel Compensation Key management personnel includes those persons having authority and responsibility for planning, directing, and controlling the activities of the Company as a whole. The Company has determined that key management personnel consists of executive and non-executive members of the Company’s Board of Directors and corporate officers. The remuneration of directors and key management personnel for the years ended December 31, 2024, 2023 and 202 are as follows: SCHEDULE OF REMUNERATION OF DIRECTORS AND KEY MANAGEMENT PERSONNEL
|  | 2024 |  |  | 2023 |  |  | 2022 |
Payments to key management personnel: |  |  |  |  |  |  |  |  |  |  |  |
Salaries, consulting and directors’ fees |  | $ | 1,434,894 |  |  | $ | 1,443,601 |  |  | $ | 1,387,221 |
Share-based payments |  |  | 224,370 |  |  |  | 713,514 |  |  |  | 2,126,970 |
Total |  | $ | 1,659,264 |  |  | $ | 2,157,115 |  |  | $ | 3,514,191 |
Salaries, consulting and directors’ fees shown above are classified within profit and loss as shown below: SCHEDULE OF CLASSIFIED WITHIN PROFIT AND LOSS
|  |  |  | (in thousands) |
Type of Service |  | Nature of Relationship |  | 2024 |  |  | 2023 |  |  | 2022 |
Selling and marketing expenses |  | VP Technology/VP Sales International |  | $ | 287 |  |  | $ | 313 |  |  | $ | 202 |
General and administrative expense |  | Companies controlled by the CEO, CFO and Directors |  | $ | 1,147 |  |  | $ | 1,131 |  |  | $ | 1,185 |
Siyata Mobile Inc. Notes to the Consolidated Financial Statements (Expressed in US dollars) As at and for the years ended December 31, 2024 and 2023

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