Commitments and contingencies

9 Months Ended

Sep. 30, 2014

Commitments and contingencies [Text Block]

10.	Commitments and contingencies
	The Company is committed to minimum annual payments for leases on its premises, automobiles, and office equipment as follows in each of the next four years:

Balance of year ending December 31, 2014	$	140,094
Year ending December 31, 2015	$	229,242
Year ending December 31, 2016	$	139,485
Year ending December 31, 2017	$	17,218

Rent expense included in the statements of operations for the three months ended September 30, 2014 is $35,990 (2013 - $35,186) and for the nine months ended September 30, 2014 is $106,362 (2013 - $105,558).

The Company has an agreement with a consultant for business development, investor relations and strategic and financial services. As consideration, the Company compensates the consultant at $5,000 per month (subject to increase if funding is raised), and must pay commissions of 10% on funds raised. The agreement may be terminated by 30 days written notice. The commission arrangement shall extend for 12 months beyond termination.