v3.26.1
Note 13 - Related Parties
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

13.

RELATED PARTIES

 

Related parties include the Board of Directors, officers, close family members and enterprises that are controlled by these individuals as well as certain persons performing similar functions.

 

The Company defines its key management as the Board of Directors, Chief Executive Officer, President, and Chief Financial Officer. Remuneration of directors and key management personnel of the Company was as follows:

 

  

Years ended

December 31,

 
  

2025

  

2024

 
         

Consulting

 $60,000  $90,000 

Selling general and administrative

  62,504   63,546 
  $122,504  $153,546 

 

The Company for the years ended December 31, 2025 and 2024 reimbursed a related party $62,504 and $63,546, respectively, for selling, general and administrative expenses paid on behalf of the Company. The Company incurred $60,000 (2024 - $90,000) of consulting fees accrued to a company controlled by a director of the Company for the years ended December 31, 2025 and 2024.