3. Amounts Due To Related Parties and Loans Payable To Stockholders	9 Months Ended
Sep. 30, 2013
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 September 30, 2013 the Company received a number of loans from stockholders, related parties and unrelated third parties. As of September 30, 2013 the Company had received loans of $661,072 (Euro 225,000; CAD 72,300; $266,382) December 31, 2012 –$631,631 (: Euro 225,000; CAD 72,300; $262,300) from stockholders, loans of $35,789 (CAD 27,600; $9,000) (December 31, 2012 –$144,706: CAD 10,000; $135,000) from a related party and loans of $145,051 (CAD 10,000; $ 135,000) (December 31, 2012 –$ 145,051: CAD 10,000; $135,000) 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 $254,715 and $215,518 is included in accounts payable and accrued expenses at September 30, 2013 and December 31, 2012, respectively. Interest expense recognized on these loans was $36,790 for the nine months ended September 30, 2013, compared to $35,279 for the nine months ended September 30, 2012. At September 30, 2013 and December 31, 2012 the Company had amounts due to related parties of $501,750 and $475,314, respectively. This amount includes $136,100 at June 30, 2013 and December 31, 2012, 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

9 Months Ended

Sep. 30, 2013

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 September 30, 2013 the Company received a number of loans from stockholders, related parties and unrelated third parties.

As of September 30, 2013 the Company had received loans of $661,072 (Euro 225,000; CAD 72,300; $266,382)

December 31, 2012 –$631,631 (: Euro 225,000; CAD 72,300; $262,300) from stockholders,

loans of $35,789 (CAD 27,600; $9,000)

(December 31, 2012 –$144,706: CAD 10,000; $135,000) from a related party and loans of $145,051 (CAD 10,000; $ 135,000)

(December 31, 2012 –$ 145,051: CAD 10,000; $135,000) 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 $254,715 and $215,518 is included in accounts payable and accrued expenses at September 30, 2013 and December 31, 2012, respectively. Interest expense recognized on these loans was $36,790 for the nine months ended September 30, 2013, compared to $35,279 for the nine months ended September 30, 2012.

At September 30, 2013 and December 31, 2012 the Company had amounts due to related parties of $501,750 and $475,314, respectively.

This amount includes $136,100 at June 30, 2013 and December 31, 2012, 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.