| Related party transactions |
Note 14 — Related party transactions
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As of March 31, |
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2025 |
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2024 |
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Related Party Payables |
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James Foster |
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$ |
119,700 |
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$ |
— |
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Jason Davis(1) |
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110,100 |
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— |
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Nigel McCracken |
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107,776 |
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— |
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Total Related Party Payables |
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$ |
337,576 |
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$ |
— |
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(1) Jason Davis resigned from the Company on June 13, 2025.
For the year ended March 31, 2025, all related party payables consisted of accrued bonuses. For the year ended March 31, 2024, there were no accrued bonuses.
Related party compensation for the Company's Officers and Directors for the years ended March 31, 2025, 2024 and 2023 are as follows:
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Year |
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Salary ($) |
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Bonus ($) |
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Option Awards ($) (1) |
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Other ($) (2) |
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Total ($) |
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James Foster, Chief Executive Officer and Director |
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2025 |
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333,542 |
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119,700 |
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33,250 |
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4,200 |
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490,692 |
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2024 |
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325,000 |
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81,000 |
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241,200 |
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3,600 |
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650,800 |
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2023 |
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247,500 |
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213,800 |
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1,277,675 |
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— |
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1,738,975 |
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Nigel McCracken, Chief Operating Officer and Director |
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2025 |
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315,051 |
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107,776 |
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33,250 |
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25,209 |
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481,286 |
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2024 |
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175,000 |
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50,000 |
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71,600 |
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3,540 |
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300,140 |
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2023 |
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— |
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— |
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— |
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— |
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— |
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Jason Davis, Former Chief Financial Officer(3) |
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2025 |
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317,500 |
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110,100 |
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33,250 |
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25,800 |
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486,650 |
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2024 |
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300,000 |
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75,000 |
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224,318 |
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25,800 |
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625,118 |
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2023 |
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237,500 |
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105,000 |
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686,000 |
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— |
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1,028,500 |
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Evan Norton, Independent Director |
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2025 |
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40,000 |
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— |
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6,650 |
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— |
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46,650 |
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2024 |
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40,000 |
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— |
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60,300 |
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— |
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100,300 |
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2023 |
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27,500 |
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— |
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68,600 |
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— |
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96,100 |
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Yair Erez, Independent Director |
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2025 |
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40,000 |
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— |
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6,650 |
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— |
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46,650 |
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2024 |
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40,000 |
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— |
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60,300 |
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— |
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100,300 |
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2023 |
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27,500 |
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— |
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68,600 |
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— |
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96,100 |
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Nelson Haight, Independent Director |
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2025 |
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40,000 |
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— |
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6,650 |
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— |
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46,650 |
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2024 |
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40,000 |
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— |
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60,300 |
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— |
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100,300 |
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2023 |
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14,783 |
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— |
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27,400 |
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— |
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42,183 |
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(1) These amounts represent the aggregate grant fair value of stock options granted in the year ended March 31, 2025, 2024, and 2023 calculated in accordance with IFRS 2 “Share-based payment". Assumptions used in the calculation of these amounts are discussed in Note 16.
(2)These amounts represent employee benefits paid on behalf of the Company such as pension and health insurance.
(3)Jason Davis resigned from the Company effective June 13, 2025.
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