Loans Payable to Related Parties

12 Months Ended

Dec. 31, 2019

Loans Payable To Related Parties [Abstract]

Loans Payable to Related Parties [Text Block]

18. Loans Payable to Related Parties

		2019		2018
Travellers International Inc.	$	—	$	146,600
Directors		—		54,975
	$	—	$	201,575

Loan payable in the amount of $nil ($nil CAD) (December 31, 2018-$146,600; $200,000 CAD), owing to Travellers bore interest at the rate of 12% per annum, was due on demand and was unsecured. The loan and related accrued interest were repaid on June 24, 2019. As at December 31, 2019 $nil ($nil CAD) (December 31, 2018-$13,110; $17,885 CAD) in interest was included in accrued liabilities.

Loans payable to directors in the amount of $nil ($nil CAD) (December 31, 2018-$54,975; $75,000 CAD), owing to three directors bore interest at the rate of 12% per annum, were due on demand and were unsecured. The loans and related accrued interest were repaid on July 19, 2019.

For the year ended December 31, 2019, $8,220 ($10,907 CAD) (2018-$19,120; $24,764 CAD) in interest expense was charged on the loans payable to related parties.