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

Accounts Payable and Accrued Liabilities

v3.21.1
Accounts Payable and Accrued Liabilities
 3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Payables and Accruals [Abstract]    
Accounts Payable and Accrued Liabilities
4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

 

    March 31, 2021     December 31, 2020  
Accounts payable   $ 1,157,807     $ 991,565  
Accrued expenses     1,016,630       905,629  
Others     45,440       33,794  
    $ 2,219,877     $ 1,930,988  

 

Accounts payable includes $744,191 (December 31, 2020 - $744,191) payable to outside contractor in relation to facility construction. Accrued expenses include bonus payable of $491,255 (December 31, 2020 - $487,983) and Directors fees payable of $149,932 (December 31, 2020 - $128,448). Accounts payable and accrued liabilities include a total unpaid IPO cost of $345,368 (December 31, 2020 - $297,437).
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).