v3.20.2
Related party transactions and balances (Tables)
6 Months Ended
Jun. 30, 2020
Related Party Transactions And Balances  
Schedule of related party transactions

 

   

Three months ended

June 30, 2020

 

Three months ended

June 30, 2019

 

Six months

ended

June 30, 2020

 

Six months

ended

June 30, 2019

 
    $   $   $   $  
Related party transaction included within interest expense:                  
Interest expenses on promissory notes issued to relatives of the Chairman & Chief Executive Officer of the Company   79,171   74,780   157,963   149,562  
Interest expense on lines of credit payable to the Chairman & Chief Executive Officer of the Company and his spouse   363,001   338,895   719,455   672,145  
Interest expense related to the modification of stock options held by the Chairman and Chief Executive Officer of the Company and his spouse related to financing provided   -   1,085,371   -   1,085,371  

 

Related party transactions including within selling, general and administration expenses:

                 
Consulting fees to the Chairman & Chief Executive Officer of the Company accrued on the line of credit available to the Company   62,400   47,400   124,800   94,800  
Stock options granted to four members of the Board of Directors of the Company   -   505,832   -   770,421  
Selling, general and administration expense related to the modification of stock options to three members of the Board of Directors     - 799,625   -   799,625  

 

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   60,000   60,000   60,000