Quarterly report pursuant to Section 13 or 15(d)

Related Parties (Tables)

v3.21.1
Related Parties (Tables)
3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]  
Related Parties
   

March 31,

2021

 

December 31,

2020

Principal Outstanding                
Additions   $ —       $ 300,000  
Repayment     —         (200,000 )
Applied to warrant exercise     —         (100,000 )
      —         —    
Accrued Interest                
Opening balance     —         —    
Interest expense     —         22,521  
Repayment     —         (14,465 )
Applied to warrant exercise     —         (8,056 )
      —         —    
Promissory Notes Payable – Related Party   $ —       $ —    

 

 

 

Deferred Purchase consideration, Related Party
Description  

March 31,

2021

 

December 31,

2020

Principal Outstanding                
Promissory notes due to related parties   $ 382,128     $ 1,279,340  
Settled by the issuance of common shares     —         (482,978 )
Repayment in cash     (385,121 )     (471,554 )
Foreign exchange movements     2,993       57,230  
      —         382,128  
Present value discount on future payments                
Present value discount     (5,174 )     (80,069 )
Amortization     5,133       76,222  
Foreign exchange movements     41       (1,327 )
      —         (5,174 )
Deferred purchase consideration, net   $ —       $ 376,954  
Related Party Receivables
   

March 31,

2021

 

December 31,

2020

Related Party payables                
Luca Pasquini   $ (558 )   $ (565 )
                 
Related Party Receivables                
Luca Pasquini   $ 1,457     $ 1,519