Quarterly report pursuant to Section 13 or 15(d)

Tess Related Party Transactions

v3.19.1
Tess Related Party Transactions
 3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Tess Related Party Transactions
Note 13.  Tess Related Party Transactions:

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:

   
Three Months Ended  
  
Services to Tess provided by:
  
March 31, 2019
    
March 31, 2018
  
Powercases Inc.
  
$
160,826
    
$
163,582
  
JLM Strategic Marketing
  
$
-
    
$
36,198
  
1038088 Ontario Limited
  
$
45,062
    
$
47,817
  
 
             
Payable to:
  
March 31, 2019
    
December 31, 2018
  
Powercases Inc.
  
$
145,047
    
$
37,250
  
JLM Strategic Marketing
  
$
101,405
    
$
9,483
  
1038088 Ontario Limited
  
$
9,292
    
$
52,053
  

During the three-month periods ended March 31, 2019 and 2018, included in Tess's recorded services from related parties was approximately $150,000 and $213,400, respectively for Tess's key management personnel salaries.