| Schedule of related party transactions |
| |
|
Three
months ended
September
30, 2020 |
|
Three
months ended
September
30, 2019 |
|
Nine
months
ended
September
30, 2020 |
|
Nine
months
ended
September
30, 2019 |
| |
|
$ |
|
$ |
|
$ |
|
$ |
| Related party transaction included within
interest expense: |
|
|
|
|
|
|
|
|
| Interest
expenses on promissory notes issued to relatives of the Chairman and Chief Executive Officer of the Company |
|
78,982 |
|
74,782 |
|
236,945 |
|
224,344 |
| Interest
expense on lines of credit payable to the Chairman and Chief Executive Officer of the Company and his spouse |
|
369,655 |
|
343,978 |
|
1,089,110 |
|
1,016,123 |
| 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 |
| Related party transactions
included within general, selling and administration expenses: |
|
|
|
|
|
|
|
|
| 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 |
|
187,200 |
|
142,200 |
| Stock
options granted to four members of the Board of Directors of the Company |
|
- |
|
- |
|
- |
|
770,421 |
| Selling,
general and administration expense related to the modification of stock options to three members of the Board of Directors |
|
- |
|
- |
|
- |
|
799,625 |
| |
|
|
|
|
|
|
|
|
| Related party transactions included within
product development costs |
|
|
|
|
|
|
|
|
| Consulting
fees to a relative of the Chairman and Chief Executive Officer of the Company |
|
30,000 |
|
30,000 |
|
90,000 |
|
90,000 |
| |
|
|
|
|
|
|
|
|
|
|