Quarterly report pursuant to Section 13 or 15(d)

16. Related Parties (Tables)

v3.21.2
16. Related Parties (Tables)
 9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Related Parties
 Note Payable, Related Party  

September 30,

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   $ —       $ —    
Related Parties - Deferred Purchase consideration, Related Party
Deferred Purchase consideration        
Description  

September 30,

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
Related Party Receivables    

September 30,

2021

  

December 31,

2020
  Related Party payables                
Related Party payables Luca Pasquini   $ (543 )   $ (565 )
Related Party payables Victor Salerno   (50,854 )   —  
Related Party payables   (51,397 )   $ (565 )
                   
  Related Party Receivables                
Related Party Receivables Luca Pasquini   $ 1,438     $ 1,519