Notes Payable - Related Party |
9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2023 |
Dec. 31, 2022 |
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| Notes Payable - Related Party [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NOTES PAYABLE - RELATED PARTY |
12. NOTES PAYABLE — RELATED PARTY During the nine month period ended September 30, 2023, the Company repaid $821,292 of principal. As at September 30, 2023, the Company had recorded $5,302 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 nine month period ended September 30, 2023, the Company recorded finance expense of $0 (December 31, 2022 — $60,770). As of September 30, 2023, all notes are fully accreted.
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12. NOTES PAYABLE — RELATED PARTY 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 year ended December 31, 2021, the Company exchanged 897 shares of common stock in exchange for a principal reduction of debt in the amount of $1,483,738 and $131,320 of accrued interest. The Company recorded a loss on the conversion of $116,152. In addition, the Company repaid $462,228 of principal. As at December 31, 2021, the Company had recorded $38,301 in accrued interest which was included in accounts payable and accrued liabilities. During the year ended December 31, 2022, the Company recorded finance expense of $60,770 (December 31, 2021 — $225,196), related to bringing the notes to their present value.
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