Related Party Transactions |
6 Months Ended | ||
|---|---|---|---|
Feb. 29, 2016 | |||
| Related Party Transactions [Text Block] |
For the six months ended February 29, 2016, the Company accrued/paid $60,000 to CAB (2014: $54,000); to BKB Management Ltd. (“BKB”) CAD$45,000 (2015: CAD$39,000) for management, consulting and accounting services; to a senior vice president $18,000 (2015: $9,000) for executive management consulting; and to Docherty Management Limited CAD$75,000 (2015: $Nil). CAB is owned by the CEO of the Company, BKB is owned by the CFO of the Company and Docherty Management Limited is owned by the President of the Company. In aggregate, $238,221 was payable to a company controlled by President, a company controlled by CFO, to a senior vice president and to a company controlled by the CEO of Lexaria. The related party transactions are recorded at the exchange amount established and agreed to between the related parties. |