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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2022
Related Party Transactions  
Schedule Of balances of the related party receivables and payables

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Related party receivable

 

 

 

 

 

 

Simmax Corp

 

$-

 

 

$1,913,786

 

Adco Power Ltd. and majority owner

 

 

456,068

 

 

 

2,921,367

 

 

 

 

 

 

 

 

 

 

Total

 

$456,068

 

 

$4,835,153

 

 

 

 

 

 

 

 

 

 

Related party payable

 

 

 

 

 

 

 

 

Simmax Corp

 

$625,348

 

 

$1,858,405

 

Adco Power Ltd. and majority owner

 

 

9,218

 

 

 

3,011,615

 

 

 

 

 

 

 

 

 

 

Total

 

$634,566

 

 

$4,870,020

 

 

 

 

 

 

 

 

 

 

Net (due to) from

 

 

 

 

 

 

 

 

Simmax Corp

 

$(625,348)

 

$55,381

 

Adco Power Ltd. and majority owner

 

 

446,850

 

 

 

(90,248 )

 

 

 

 

 

 

 

 

 

Total

 

$(178,498)

 

$(34,867 )
Schedule of Notes payable to related parties

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Total notes payable to related parties

 

$686,920

 

 

$788,920

 

Less current portion of notes payable - related parties

 

 

(54,173 )

 

 

(64,418 )

Notes payable - related parties, net of current portion

 

$632,747

 

 

$724,502