General form of registration statement for all companies including face-amount certificate companies

Accounts Payable and Accrued Liabilities

v3.20.4
Accounts Payable and Accrued Liabilities
 12 Months Ended
Dec. 31, 2020
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Liabilities
7. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

    December 31, 2020     December 31, 2019  
Accounts payable   $ 991,565     $ 923,808  
Accrued expenses     905,629       417,302  
Others     33,794       34,474  
    $ 1,930,988     $ 1,375,584  

 

Accounts payable includes $744,191 (December 31, 2019 - $744,191) payable to outside contractor in relation to facility construction. Accrued expenses include bonus payable of $487,983 (December 31, 2019 - $135,163) and Directors fees payable of $128,448 (December 31, 2019 - $51,330). Accounts payable and accrued liabilities include a total unpaid IPO cost of $297,437 (December 31, 2019 - $Nil).