Loans Payable to Related Parties

9 Months Ended

Sep. 30, 2023

Loan Payable To Related Party [Abstract]

Loans Payable to Related Parties [Text Block]

13. Loans Payable to Related Parties

		September 30, 2023		December 31, 2022
Directors	$	47,500	$	40,000
Officers		12,441		-
Total	$	59,941	$	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 and nine-month periods ended September 30, 2023, $538 and $1,684 (2022-$548 and $679) respectively, in interest was incurred on the directors' loans. As at September 30, 2023, $2,839 (December 31, 2022-$1,088) of accrued interest is included in accrued liabilities in the interim condensed consolidated balance sheets.

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