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RELATED PARTY TRANSACTIONS
 12 Months Ended
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:

 

   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:

 

      (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