| Summary of the balance |
|
|
June 30, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Related party receivable |
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
- |
|
|
$ |
1,913,786 |
|
Adco Power Ltd. and majority owner |
|
|
14,035 |
|
|
|
2,921,367 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
14,035 |
|
|
$ |
4,835,153 |
|
|
|
|
|
|
|
|
|
|
Related party payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
665,310 |
|
|
$ |
1,858,405 |
|
Adco Power Ltd. and majority owner |
|
|
9,294 |
|
|
|
3,011,615 |
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
674,604 |
|
|
$ |
4,870,020 |
|
|
|
|
|
|
|
|
|
|
Net (due to) from |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Simmax Corp |
|
$ |
(665,310 |
) |
|
$ |
55,381 |
|
Adco Power Ltd. and majority owner |
|
|
4,741 |
|
|
|
(90,248 |
) |
|
|
|
|
|
|
|
|
|
Total |
|
$ |
(660,569 |
) |
|
$ |
(34,867 |
) |
|
| Schedule of related party receivables and payables |
|
|
June 30, |
|
|
December 31, |
|
|
|
2022 |
|
|
2021 |
|
|
|
|
|
|
|
|
Total notes payable to related parties |
|
$ |
747,897 |
|
|
$ |
788,920 |
|
|
|
|
|
|
|
|
|
|
Less current portion of notes payable - related parties |
|
|
(74,645 |
) |
|
|
(64,418 |
) |
|
|
|
|
|
|
|
|
|
Notes payable - related parties, net of current portion |
|
$ |
673,252 |
|
|
$ |
724,502 |
|
|