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Related party disclosures | 12 Months Ended
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Dec. 31, 2021
Related party disclosures [Abstract] |
Related party disclosures | 4. Related party disclosures The amounts included in the accompanying consolidated balance sheets and consolidated statements of operations are as follows: Balances with related parties
|  | December 31, 2021 |  |  | December 31, 2020 |
Due from other related parties |  |  |  |  |  |
Charalampos Antoniou |  |  | - |  |  |  | 67,781 |
Total |  | $ | - |  |  | $ | 67,781 |
|  | December 31, 2021 |  |  | December 31, 2020 |
Due to related parties |  |  |  |  |  |
Vassilios Gregoriou |  | $ | - |  |  | $ | 613,971 |
Emory Sayre De Castro |  |  | - |  |  |  | 425,528 |
Christos Kaskavelis |  |  | - |  |  |  | 75,160 |
Total |  | $ | - |  |  | $ | 1,114,659 |
The outstanding balances as of December 31, 2020 due from and to the Company’s executives and officers relating to prepaid services and unpaid compensation were settled during the first quarter of 2021. Transactions with related parties Related parties’ transactions are in the normal course of operations and are measured at the amount of consideration established and agreed to by related parties. The Company executives, Vassilios Gregoriou, Christos Kaskavelis, Emory Sayre De Castro, James Coffey and former Chief Financial Officer, William Hunter, each received a signing bonus and transaction bonus upon the consummation of the merger in an aggregate amount of $5.6 million, which is included in administrative and selling expenses in the statement of operations for the year ended December 31, 2021.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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