Annual report pursuant to Section 13 and 15(d)

Related Party Transactions

v3.20.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions

Note 16.  Related Party Transactions

 

Tess

 

Tess related parties include: Powercases Inc., and 2227470 Ontario Inc., (companies that are wholly-owned by Jeffrey Mason, President and Chief Executive Officer of Tess), 1038088 Ontario Limited (a company that is wholly-owned by Fraser Mason, Chairman and Chief Financial Officer of Tess), and JLM Strategic Marketing (a proprietorship owned by Jennifer Mason, Manager Corporate Communications of Tess).

 

The following table provides the total amount of transactions that have been entered into with Tess related parties and outstanding balances with Tess related parties as of and for the periods identified (in thousands):

 

    Year Ended
Services to Tess provided by (1):   December 31, 2019   December 31, 2018
Powercases Inc.   $ 213     $ 655  
JLM Strategic Marketing   $ —       $ 228  
1038088 Ontario Limited   $ 45     $ 187  
                 
Payable to:     December 31, 2019       December 31, 2018  
Powercases Inc.   $ —       $ 37  
JLM Strategic Marketing   $ —       $ 9  
1038088 Ontario Limited   $ —       $ 52  

 

  (1) - 2019 amounts provided by related parties are up to the date of de-consolidation.

 

During the 2019 period ended (up to the point of de-consolidation) and the year ended December 31, 2018, included in Tess's recorded services from related parties was approximately $0.3 million and $0.7 million, respectively for Tess's key management personnel salaries.