Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Notes Payable ??? Related Party

v3.23.1
Notes Payable – Related Party
3 Months Ended
Mar. 31, 2023
Notes Payable – Related Party Disclosure [Abstract]  
NOTES PAYABLE – RELATED PARTY
12. NOTES PAYABLE – RELATED PARTY

 

During the three month period ended March 31, 2023, the Company repaid $36,795 of principal. As at March 31, 2023, the Company had recorded $22,723 in accrued interest which was included in accounts payable and accrued liabilities.

 

During the year ended December 31, 2022, the Company repaid $64,550 of principal. As at December 31, 2022, the Company had recorded $23,456 in accrued interest which was included in accounts payable and accrued liabilities.

 

During the three month period ended March 31, 2023, the Company recorded finance expense of $0 (December 31, 2022 - $60,770). As of March 31, 2023, all notes are fully accreted.

 

   

Amount

 
      ($)  
Balance, December 31, 2021     2,786,183  
Foreign currency adjustment     (177,690 )
Repayments     (64,550 )
Finance expense     60,770  
Balance, December 31, 2022     2,604,713  
Foreign currency adjustment     (125 )
Repayments     (36,795 )
Balance, March 31, 2023     2,567,793  
Current     2,567,793  
Non-current     0