Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Related Party Transactions

v3.19.3
Related Party Transactions
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
8.
RELATED PARTY TRANSACTIONS
During the three and nine months ended September 30, 2019, transactions between the Company directors, officers and other related parties were related to compensation matters in the normal course of operations and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.
Compensation paid to Executive Officers for the three and nine months ended September 30, 2019 amounted to $265,964 and $1,227,127 compared to $322,792 and $1,240,904 for the three and nine months ended September 30, 2018.
Officers and Directors of the Company control approximately 0.18% of the Company.
 
    
September 30, 2019
   
December 31, 2018
 
    
Number of
Shares
    
%
   
Number of
Shares
    
%
 
John Barker
     32,714        0.10       31,714        0.15  
Stephen Randall
     22,993        0.07       21,643        0.10  
David McNally
     4,167        0.01       4,167        0.02  
Bruce Wolff
1
     —          —         7,610        0.03  
John Schellhorn
     294        0.00       294        0.00  
    
 
 
    
 
 
   
 
 
    
 
 
 
Total
  
 
60,168
 
  
 
0.18
 
 
 
65,428
 
  
 
0.30
 
    
 
 
    
 
 
   
 
 
    
 
 
 
Common Shares Outstanding
  
 
33,567,399
 
  
 
100
 
 
21,675,849
 
  
 
100
 
1:
Bruce Wolff retired as a Director effective May 29, 2019