Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions [Text Block] |
8. Related Party Transactions For the three-month period ended March 31, 2026, the Company incurred $109,350 (C$150,000) (2025-$104,520; C$150,000) in management fees expense with Travellers International Inc. ("Travellers"), an Ontario company controlled by a director and the president and chief executive officer (the "CEO"); and $27,338 (C$37,500) (2025-$26,130; C$37,500) in management fees expense with the Company's chief financial officer (the "CFO"). As at March 31, 2026, unpaid remuneration and unpaid expenses in the amount of $1,112,028 (C$1,550,081) (December 31, 2025-$1,007,247; C$1,380,547) is included in accounts payable and $354,063 (C$493,536) (December 31, 2025-$332,724; C$456,036) is included in accrued liabilities in the interim condensed consolidated balance sheets. For the three-month period ended March 31, 2026, the Company incurred $25,616 (C$35,138) (2025-$24,511; C$35,176), in rent expense paid under a lease agreement with Haute Inc. ("Haute"), an Ontario company controlled by the CEO. The lease agreement had expired and the Company is currently on a month-to-month arrangement. As at March 31, 2026, $43,617 (C$60,722) (December 31, 2025-$62,411; C$85,541) in outstanding rent expense including the related goods and services tax is included in accounts payable in the interim condensed consolidated balance sheets. For the independent directors, the Company recorded directors' compensation during the three-month period ended March 31, 2026 of $13,669 (C$18,750) (2025-$13,065; C$18,750). As at March 31, 2026, outstanding directors' compensation of $321,606 (C$448,293) (December 31, 2025-$313,395; C$429,543) is included in accrued liabilities in the interim condensed consolidated balance sheets. During the three-month period ended March 31, 2026, advances on loans payable to related parties totaled $8,748 (C$12,000) (2025-$14,633; C$21,000) and repayment of loans payable to related parties totaled $nil (C$nil) (2025-$14,633; C$21,000). |