Pages 4 and 5 from their news release is all you nedd to know....
Administration and related costs amounted to $233,208 (2019 – $88,730) for the quarter. This included director fees,
annual general meeting, insurance, telephone, postage and courier, dues and subscriptions, stationery, repairs and
maintenance, utilities and related costs.
Business development and market development spending for the quarter was $nil (2019 - $44,410). Due to COVID-
19, no business development costs were incurred this quarter. Business developments costs usually include activities
related to exploring new investment strategies.
Consulting fees in the quarter were $71,226 (2019 – $75,000); this was mostly in respect of strategy, management and
capital markets consulting.
Depreciation during the quarter amounted to $331 (2019 - $675). This relates to depreciation of computer equipment.
Investor relations cost in the quarter was $7,406 (2019 – $40,848). This amount is for expenses related to offsite
events, conferences and roadshows, meetings with shareholders and potential shareholders, and other investor
relations activities.
Professional fees of $64,479 (2019 – $36,021) for the quarter were incurred in respect of auditing costs, other
accounting costs, and legal costs.
Regulatory fees including transfer agent and filing fees and CSE fees were $8,934 (2019 - $9,575). This is for transfer
agent and other stock exchange listing fees and securities filings.
Rent and storage in the quarter were $16,680 (2019 - $30,180). This is for rental offices in Toronto and Kelowna.
It is reduced because the Company got special rent discount due to COVID-19.
Travel, including related costs, for the quarter amounted to $22,298 (2019 – $42,789) and were composed of such
costs not specifically related to investor relations and business development.
Wages and benefits for the quarter amounted to $789,208 (2019 – $240,809). This amount included the compensation
and employment related costs of the President and Chief Executive Officer, Chief Financial Officer, Controller, Vice
President, management and administrative staff. The increase is from bonuses that were made during the quarter.
Management services revenue for the quarter was $33,400 (2019 - $33,650).
Interest income for the quarter was $5 (2019 - $2,077)