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

Notes Payable ??? Related Party

v3.23.2
Notes Payable – Related Party
6 Months Ended
Jun. 30, 2023
Notes Payable – Related Party Disclosure [Abstract]  
NOTES PAYABLE – RELATED PARTY
12. NOTES PAYABLE – RELATED PARTY


During the six month period ended June 30, 2023, the Company repaid $664,697 of principal. As at June 30, 2023, the Company had recorded $19,288 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 six month period ended June 30, 2023, the Company recorded finance expense of $0 (December 31, 2022 - $60,770). As of June 30, 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     44,209  
Repayments     (664,697 )
Balance, June 30, 2023     1,984,225  
Current     1,984,225  
Non-current     0