Note 11 - Related Parties

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

11. RELATED PARTIES  

Related parties include the Board of Directors, officers, close family members and enterprises that are controlled by these individuals as well as certain persons performing similar functions.

The Company defines its key management as the Board of Directors, Chief Executive Officer, President, and Chief Financial Officer. Remuneration of directors and key management personnel of the Company was as follows:

	Period ended March 31,
	2021		2020
Selling general and administrative	$	27,493	$	15,032
Share-based compensation to directors and officers		17,431		50,049
	$	44,924	$	65,081

The Company for the period ended March 31, 2022 and 2021 reimbursed a related party $27,493 and $15,032, respectively, for selling, general and administrative expenses paid on behalf of the Company. The Company also recorded share-based compensation of $17,431 (2021 - $50,049) for options vested to related parties during the period ended March 31, 2022 and 2021. The Company incurred no expenses from a related party for research and development for the period ended March 31, 2022 and 2021.