v3.20.1
Related party transactions and balances (Tables)
3 Months Ended
Mar. 31, 2020
Related Party Transactions And Balances  
Schedule of related party transactions

 

       
   Three Months Ended
March 31, 2020
  Three Months Ended
March 31, 2019
       
Related party transaction included within interest expense:          
Interest expense on promissory notes issued to relatives of the Chairman and Chief Executive Officer of the Company  $78,792   $74,782 
Interest expense on lines of credit payable to the Chairman and Chief Executive Officer of the Company and his spouse  $356,454   $333,250 
           
Related party transactions included within selling, general and administration expense:          
Consulting fees to the Chairman and Chief Executive Officer of the Company accrued on the line of credit available to the Company  $62,400   $47,400 
Stock-based compensation expense on the grant of stock options to a director of the Company  $—     $264,589 
           
Related party transactions included within product development expense:          
Consulting fees to a relative of the Chairman and Chief Executive Officer of the Company  $30,000   $—