3. Amounts Due To Related Parties and Loans Payable To Stockholders	12 Months Ended
Dec. 31, 2012
Notes
3. Amounts Due To Related Parties and Loans Payable To Stockholders	3. Amounts Due to Related Parties and Loans Payable to Stockholders From February, 2007 until December 31, 2012 the Company received a number of loans from stockholders, related parties and unrelated third parties. As of December 31, 2012 the Company had received loans of $631,631 (Euro 225,000; CAD 72,300; $262,300) (December 31, 2011 - $604,930: Euro 225,000; CAD 62,300; $251,800) from stockholders, loans of $36,741 (CAD 27,600; $9,000) (December 31, 2011 – $118,833: CAD 10,000; $109,000) from a related party and loans of $145,051 (CAD 10,000; $ 135,000) (December 31, 2011 – $ 44,833: CAD 10,000; $35,000) from unrelated third parties. All of the loans bear interest at 6% per annum. The loans were made in 3 different currencies, Euros, Canadian Dollars and US Dollars. All amounts reflected on these consolidated financial statements are expressed in US Dollars. Repayment of the loans is due on closing of any future financing arrangement by the Company. The balance of accrued interest of $215,518 and $156,015 is included in accounts payable and accrued expenses at December 31, 2012 and December 31, 2011, respectively. Interest expense recognized on these loans was $47,986 for the year ended December 31, 2012, compared to $45,951 for the year ended December 31, 2011. At December 31, 2012 and December 31, 2011 the Company had amounts due to related parties of $475,314 and $516,719, respectively. This amount includes $136,100 at December 31, 2012 and December 31, 2011, payable to two former directors and a current director for services rendered during 2007. This amount is to be paid part in cash and part in stock at a future date with the number of common shares determined by the fair value of the shares on the settlement date. The amounts owing bear no interest, are unsecured, and have no fixed terms of repayment.

3. Amounts Due To Related Parties and Loans Payable To Stockholders

12 Months Ended

Dec. 31, 2012

3. Amounts Due To Related Parties and Loans Payable To Stockholders

3. Amounts Due to Related Parties and Loans Payable to Stockholders

From February, 2007 until December 31, 2012 the Company received a number of loans from stockholders, related parties and unrelated third parties. As of December 31, 2012 the Company had received loans of $631,631 (Euro 225,000; CAD 72,300; $262,300) (December 31, 2011 - $604,930: Euro 225,000; CAD 62,300; $251,800) from stockholders, loans of $36,741 (CAD 27,600; $9,000) (December 31, 2011 – $118,833: CAD 10,000; $109,000) from a related party and loans of $145,051 (CAD 10,000; $ 135,000) (December 31, 2011 – $ 44,833: CAD 10,000; $35,000) from unrelated third parties. All of the loans bear interest at 6% per annum. The loans were made in 3 different currencies, Euros, Canadian Dollars and US Dollars. All amounts reflected on these consolidated financial statements are expressed in US Dollars. Repayment of the loans is due on closing of any future financing arrangement by the Company. The balance of accrued interest of $215,518 and $156,015 is included in accounts payable and accrued expenses at December 31, 2012 and December 31, 2011, respectively. Interest expense recognized on these loans was $47,986 for the year ended December 31, 2012, compared to $45,951 for the year ended December 31, 2011.

At December 31, 2012 and December 31, 2011 the Company had amounts due to related parties of $475,314 and $516,719, respectively. This amount includes $136,100 at December 31, 2012 and December 31, 2011, payable to two former directors and a current director for services rendered during 2007. This amount is to be paid part in cash and part in stock at a future date with the number of common shares determined by the fair value of the shares on the settlement date. The amounts owing bear no interest, are unsecured, and have no fixed terms of repayment.