Note 3: Amounts Due To Related Parties and Loans Payable To Stockholders	9 Months Ended
Sep. 30, 2016
Notes
Note 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, 2016, the Company received a number of loans from stockholders, related parties and unrelated third parties. As of September 30, 2016, the Company had received loans of $631,084 (Euro 225,000; CAD$ 72,300; $323,107) (December 31, 2015 - $619,671: Euro 225,000; CAD$ 72,300; $323,107) from stockholders, loans of $30,042 (CAD$ 27,600; $9,000) (December 31, 2015 – $28,941: CAD$ 27,600; $9,000) from a related party and loans of $147,624 (CAD$ 10,000; $140,000) (December 31, 2015 – $147,225: CAD$10,000; $140,000) 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 $372,900 and $330,536 is included in accounts payable and accrued expenses at September 30, 2016, and December 31, 2015, respectively. Interest expense recognized on these loans was $12,132 and $36,409 for the three and nine months ended September 30, 2016, respectively, compared to $12,084 and $36,151 for the three and nine months ended September 30, 2015, respectively. The Company also received a convertible loan of $50,000 from CaiE Food Partnership Ltd. as per Note 7 below. At September 30, 2016, and December 31, 2015, the Company had amounts due to related parties of $447,301 and $434,330, respectively. This amount includes $136,100 at September 30, 2016, and December 31, 2015, 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.

Note 3: Amounts Due To Related Parties and Loans Payable To Stockholders

9 Months Ended

Sep. 30, 2016

Note 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, 2016, the Company received a number of loans from stockholders, related parties and unrelated third parties. As of September 30, 2016, the Company had received loans of $631,084 (Euro 225,000; CAD$ 72,300; $323,107) (December 31, 2015 - $619,671: Euro 225,000; CAD$ 72,300; $323,107) from stockholders, loans of $30,042 (CAD$ 27,600; $9,000) (December 31, 2015 – $28,941: CAD$ 27,600; $9,000) from a related party and loans of $147,624 (CAD$ 10,000; $140,000) (December 31, 2015 – $147,225: CAD$10,000; $140,000) 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 $372,900 and $330,536 is included in accounts payable and accrued expenses at September 30, 2016, and December 31, 2015, respectively. Interest expense recognized on these loans was $12,132 and $36,409 for the three and nine months ended September 30, 2016, respectively, compared to $12,084 and $36,151 for the three and nine months ended September 30, 2015, respectively. The Company also received a convertible loan of $50,000 from CaiE Food Partnership Ltd. as per Note 7 below.

At September 30, 2016, and December 31, 2015, the Company had amounts due to related parties of $447,301 and $434,330, respectively. This amount includes $136,100 at September 30, 2016, and December 31, 2015, 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.