12. Loans Payable to Related Parties

		2025			2024
Directors	$	48,500		$	48,500
Officers		54,804			23,533
Shareholders		-			3,000
Haute Inc.		678,287			646,121
Total	$	781,591		$	721,154

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.

On December 5, 2023, the Company received a loan from Haute Inc., in the amount of $437,760 (C$600,000) bearing interest at 13% per annum, past due June 5, 2024. The net proceeds were $245,507 (C$336,495) after deducting outstanding interest on existing mortgages for a wholly owned subsidiary, 1684567, and other disbursements in the amount of $148,959 (C$204,165), a financing fee in the amount of $12,510 (C$18,000) plus the applicable harmonized sales taxes of $1,707 (C$2,340). In addition, six months of interest in the amount of $28,454 (C$39,000) was capitalized. During the year ended December 31, 2025 $2,546 (2024-$2,578) was incurred on the directors' loans. As at December 31, 2025, $8,271 (2024-$5,935) of accrued interest is included in accrued liabilities in the consolidated balance sheets.

On January 9, 2024, the Company received a loan from Haute Inc., in the amount of $240,527 (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 $14,227 (C$19,500) for six months and a financing fee of $6,566 (C$9,000) plus the applicable harmonized sales taxes of $854 (C$1,170) amounted to $218,880 (C$300,000).

During the year ended December 31, 2025, Travellers converted $nil (C$nil (December 31, 2024-$101,130; C$135,600) in outstanding accounts payable for nil (December 31, 2024-809,044) common shares of the Company, based on closing trading prices on the day prior to each conversion.

In addition, in the prior year two shareholders provided $1,500 each to assist in funding certain outstanding accounts.