Annual report pursuant to Section 13 and 15(d)

16. Related Parties (Tables)

v3.22.1
16. Related Parties (Tables)
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Related Parties
 Note Payable, Related Party  

December 31,

2021

 

December 31,

2020

Principal Outstanding                
Opening balance   $     $  
Additions           300,000  
Repayment           (200,000 )
Applied to warrant exercise           (100,000 )
Settled by issuance of common shares            
             
Accrued Interest                
Opening balance            
Interest expense           22,521  
Repayment           (14,465 )
Applied to warrant exercise           (8,056 )
Conversion to equity            
             
Promissory Notes Payable – Related Party   $     $  
Related Parties - Deferred Purchase consideration, Related Party
Deferred Purchase consideration        
Description  

December 31,

2021

 

December 31,

2020

Principal Outstanding                
Promissory notes due to related parties   $ 382,128     $ 1,279,430  
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    

December 31,

2021

 

December 31,

2020

  Related Party payables                
Related Party payables Luca Pasquini   $ (502 )   $ (565 )
Related Party payables Victor Salerno   (51,878 )     
Related Party payables   (51,380 )   $ (565 )
                   
  Related Party Receivables                
Related Party Receivables Luca Pasquini   $ 1,413     $ 1,519