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Loans Payable to Related Party
6 Months Ended
Jun. 30, 2020
Loans Payable to Related Party [Abstract]  
Loans Payable to Related Party [Text Block]

14. Loans Payable to Related Party

 
 
June 30, 2020
 
 
December 31, 2019
 
 
 
 
 
 
 
 
Travellers International Inc.
$
73,380
 
$
 

 

Loans payable in the amount of $73,380 ($100,000 CAD) (December 31, 2019-$nil; $nil CAD), owing to Travellers bear interest at the rate of 12% per annum, are due on demand and unsecured. As at June 30, 2020 $2,630 ($3,584 CAD) (December 31, 2019-$nil; $nil CAD) in interest was included in accrued liabilities.

For the three and six-month periods ended June 30, 2020, $2,187 ($2,992 CAD) and $2,628 ($3,584 CAD) (2019-$679; $920 CAD and $4,481; $5,975 CAD) respectively, in interest expense was incurred on loans payable to Travellers. In addition, for the three and six-month periods ended June 30, 2020 $nil ($nil CAD) and $nil ($nil CAD) (2019-$1,678; $2,244 CAD and $3,347; $4,463 CAD) respectively, in interest expense was incurred on loans payable to directors.