Loans Payable to Related Parties

3 Months Ended

Mar. 31, 2023

Loans Payable to Related Parties [Abstract]

Loans Payable to Related Parties [Text Block]

13. Loans Payable to Related Parties

		March 31, 2023		December 31, 2022
Directors	$	47,500	$	40,000
Officers		32,445		-
Total	$	79,945	$	40,000

The loans owing to directors were received by the Company on June 6, 2022 and March 16, 2023, are unsecured, bearing interest at 5% per annum and due on demand.

During the three-month period ended March 31, 2023 $543 (2022-$nil) in interest was incurred on the directors' loans. As at March 31, 2023 $1,631 (December 31, 2022-$1,088) of accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets. And, during the three-month period ended March 31, 2023 $nil (C$nil) (2022-$504; C$638) in interest was paid on loans from the CFO.

The loans from the officers are non-interest bearing and due on demand.