Related Party Transactions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions | |
| Related Party Transactions | Note 7. Related Party Transactions
The Company’s CEO and Director, James Doris, renders professional services to the Company through AGD Advisory Group, Inc., an affiliate of Mr. Doris’s. For the six month period ended June 30, 2026 and 2025, the Company paid or accrued $300,000 in fees to AGD Advisory Group, Inc. At June 30, 2026 and December 31, 2025, the total amount due to AGD Advisory Group, Inc. was $1,845,000 and $1,545,000, respectively, and is included in accounts payable.
At June 30, 2026 and December 31, 2025, the Company’s CEO and Director, James Doris, has provided advances to the Company in the amount of $1,238,330 and $1,338,330, respectively. The advances are non-interest bearing with no fixed repayment terms and are included in “Due to related parties”.
The Company’s CFO, John McVicar, renders professional services to the Company through 1508586 Alberta Ltd., an affiliate of Mr. McVicar’s. For the six month period ended June 30, 2026 and 2025, the Company paid or accrued $180,000 in fees to 1508586 Alberta Ltd. At June 30, 2026 and December 31, 2025, the total amount due to 1508586 Alberta Ltd. was $195,000 and $105,000, respectively, and is included in accounts payable.
The Company paid or accrued $80,000 in Directors Fees for the six month periods ended June 30, 2026 and 2025. At June 30, 2026 and December 31, 2025, the total amount due to the Directors was $220,500 and $160,000, respectively, and is included in accounts payable. |