| 9. |
Related Party Transactions Related party balances |
|
The following amounts due to related parties are included in accounts payable and accrued liabilities: |
| December 31, 2017 | December 31, 2016 | December 31, 2015 | ||||||||
| Companies controlled by directors of the Company | $ | 15,250 | $ | 15,250 | $ | 72,916 | ||||
| Directors or officers of the Company | 294,447 | 232,491 | 142,887 | |||||||
| $ | 309,697 | $ | 247,741 | $ | 215,803 |
These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.
The Company incurred the following transactions with companies that are controlled by directors and/or officers of the Company. The transactions were measured at the exchange amount agreed to by the parties.
| December 31, 2017 | December 31, 2016 | December 31, 2015 | ||||||||
| Research and development | $ | 180,000 | $ | 1,535 | $ | 233,910 | ||||
| General and administration | 33,000 | - | - | |||||||
| $ | 213,000 | $ | 1,535 | $ | 233,910 |
Key management compensation
Key management personnel are persons responsible for planning, directing and controlling the activities of an entity, and include executive directors, the Chief Executive Officer and the Chief Financial Officer.
| December 31, 2017 | December 31, 2016 | December 31, 2015 | ||||||||
| General and administrative – salaries | $ | 240,000 | $ | 285,000 | $ | 578,887 | ||||
| Directors’ fees | 55,000 | 55,000 | 42,137 | |||||||
| Stock-based compensation | 115,800 | 826,307 | 42,216 | |||||||
| $ | 410,800 | $ | 1,166,307 | $ | 663,240 |