Related party transactions

3 Months Ended

Mar. 31, 2022

Related Party Transactions [Abstract]

Related party transactions

16. Related party transactions

Shawn E. Leon

As of March 31, 2022 and December 31, 2021 the Company had a payable to Shawn Leon of $341,379 and $106,100, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.

Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three months ended March 31, 2022 and the year ended December 31, 2021.

Leon Developments, Ltd.

As of March 31, 2022 and December 31, 2021, the Company owed Leon Developments, Ltd., $955,398 and $935,966, respectively, for funds advanced to the Company.

Eileen Greene

As of March 31, 2022 and December 31, 2021, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,496,164 and $1,472,215, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.

All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.