NOTE 17 – COMMITMENTS
The following is a summary of the Company’s undiscounted contractual obligations and commitments as at December 31, 2017:
Payments Due by Period | ||||||||||||
1 Year | 2-3 Years | 4-5 Years | Total | |||||||||
$ | $ | $ | $ | |||||||||
Debt repayments (1) | 1,000 | - | 6,500 | 7,500 | ||||||||
Interest payments (2) | 50 | - | - | 50 | ||||||||
Operating leases | 88 | 92 | - | 180 | ||||||||
Financial contract liability | 6,752 | - | - | 6,752 | ||||||||
7,890 | 92 | 6,500 | 14,482 |
(1) |
Short-term and long-term loans from related parties |
(2) |
Fixed interest payments on loan from related parties of $1,000,000 |