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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2017
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

23.       RELATED PARTY TRANSACTIONS

The Company's key management personnel include members of the board of directors and executive officers. The Company provides salaries or cash compensation, and other non-cash benefits to directors and executive officers.

                                                                                                                                                                                    

 

 

 

For the years ended December 31,

 

 

 

 

2017

 

2016

 

2015

 

 

Short-term employee benefits

 

 

 

 

 

 

 

 

 

 

 

Employee salaries and bonuses

 

$
1,326,702

 

$
1,224,103

 

$
1,310,852

 

 

Directors fees

 

 
267,785

 

 
270,000

 

 
270,000

 

 

Social security and medical care costs

 

 
32,912

 

 
43,224

 

 
33,433

 

 

 

 

 

 

 

 

 

 

 

 

 

 
1,627,399

 

 
1,537,327

 

 
1,614,285

 

 

 

 

 

 

 

 

 

 

 

Post-employment benefits

 

 

 

 

 

 

 

 

 

 

 

Contributions to defined contribution pension plan

 

 
15,928

 

 
13,646

 

 
26,294

 

 

 

 

 

 

 

 

 

 

 

Share-based payments

 

 
1,055,719

 

 
253,766

 

 
1,083,985

 

 

 

 

 

 

 

 

 

 

 

Total key management remuneration

 

$
2,699,046

 

$
1,804,739

 

$
2,724,564