12. Loans Payable to Related Parties

		March 31, 2026		December 31, 2025
Directors	$	48,500	$	48,500
Officers		53,789		54,804
Shareholder		8,609		-
Haute Inc.		666,945		678,287
Total	$	777,843	$	781,591

The loans owing to directors were received by the Company on June 6, 2022, March 16, 2023 and June 21, 2024, are unsecured, bearing interest at 5% per annum and due on demand. During the three-month period ended March 31, 2026, $600 (2025-$773) in interest was incurred on the loans owing to directors.

On December 5, 2023, the Company received a loan from Haute Inc., in the amount of $430,440 (C$600,000) bearing interest at 13% per annum, due June 5, 2024. The net proceeds were $241,402 (C$336,495) after deducting outstanding interest on existing mortgages for a wholly owned subsidiary, 1684567, and other disbursements in the amount of $146,468 (C$204,165), a financing fee in the amount of $12,913 (C$18,000) plus the applicable harmonized sales taxes of $1,681 (C$2,340). In addition, six months of interest in the amount of $27,979 (C$39,000) was capitalized.

On January 9, 2024, the Company received a loan from Haute Inc., in the amount of $236,505 (C$329,670) bearing interest at 13% per annum due July 9, 2024. The proceeds received on January 9, 2024 net of capitalized interest of $13,989 (C$19,500) for six months and a financing fee of $6,457 (C$9,000) plus the applicable harmonized sales taxes of $839 (C$1,170) amounted to $215,220 (C$300,000).

During the three-month period ended March 31, 2026, $21,936 (C$30,214) (2025-$21,017; C$30,214) in interest was incurred on the two loans from Haute Inc.

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).