v3.24.2.u1
Related Party Transactions
 6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Related Party Transactions

5. Related Party Transactions

 

(a) As at June 30, 2024, a total of $948,030 (June 30, 2023 - $643,910) was owed to the President of the Company, which is non-interest bearing, unsecured, and due on demand.
   
(b) As at June 30, 2024, a total of $1,068,254 (June 30, 2023 - $803,295) was owed to the Vice President of the Company, which is non-interest bearing, unsecured, and due on demand.
   
(c) For the six months ended June 30, 2024, the Company incurred a total of $247,500 (June 30, 2023 - $247,500) in management fees to the President and the Vice President of the Company.
   
(d) For the six months ended June 30, 2023, the Company incurred $10,500 in rent to the Vice President of the Company. The rent was payable for a residential office on a month-to-month basis. At December 31, 2023, the arrangement was terminated.