RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

Schedule of key management remuneration

	For the years ended December 31,
	2020		2019		2018
Short-term employee benefits
Employee salaries and bonuses	$	2,348,709	$	2,235,926	$	2,112,605
Directors fees		265,833		245,000		270,000
Social security and medical care costs		80,949		77,284		63,529
		2,695,491		2,558,210		2,446,134
Post-employment benefits
Contributions to defined contribution pension plan		36,114		32,435		34,162
Employee termination expense		—		—		296,592
Share-based payments		1,726,690		1,555,857		2,270,023
Total key management remuneration	$	4,458,295	$	4,146,502	$	5,046,911