Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Related Party Transactions

v3.20.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions
10.
RELATED PARTY TRANSACTIONS
During the year ended December 31, 2019, transactions between the Company’s 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 year ended December 31, 2019 amounted to $1,495,611 compared to $1,552,367 for the
year
 
ended
December 31
, 2018.
 
    
December 31, 2019
   
December 31, 2018
 
    
Number of Shares
     
%
    
Number of Shares
     
%
  
John Barker
      32,714        0.08       31,714        0.15  
Stephen Randall
      22,993        0.06       21,643        0.10  
David McNally
      4,167        0.01       4,167        0.02  
John Schellhorn
      294        0.00       294        0.00  
Bruce Wolff
1
      —        —       7,610        0.03  
    
 
 
     
 
 
    
 
 
     
 
 
  
Total
     
60,168
      
0.15
      
65,428
      
0.30
  
    
 
 
     
 
 
    
 
 
     
 
 
  
Common Shares Outstanding
     
39,907,681
       
100
%
 		    
21,675,849
       
100
%
 
    
 
 
     
 
 
    
 
 
     
 
 
  
1: Bruce Wolff retired as a Director effective May 29, 2019