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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2018
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

23.    RELATED PARTY TRANSACTIONS

The Company’s key management personnel include members of the board of directors, executive officers and former 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, 

 

    

2018

    

2017

    

2016

Short-term employee benefits

 

 

  

 

 

  

 

 

 

Employee salaries and bonuses

 

$

2,112,605

 

$

1,326,702

 

$

1,224,103

Directors fees

 

 

270,000

 

 

267,785

 

 

270,000

Social security and medical care costs

 

 

63,529

 

 

32,912

 

 

43,224

 

 

 

2,446,134

 

 

1,627,399

 

 

1,537,327

Post-employment benefits

 

 

 

 

 

 

 

 

  

Contributions to defined contribution pension plan

 

 

34,162

 

 

15,928

 

 

13,646

Employee termination expenses

 

 

296,592

 

 

 —

 

 

 —

 

 

 

330,754

 

 

15,928

 

 

13,646

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share-based payments

 

 

2,270,023

 

 

1,055,719

 

 

253,766

 

 

 

 

 

 

 

 

 

 

Total key management remuneration

 

$

5,046,911

 

$

2,699,046

 

$

1,804,739