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Cash
9 Months Ended
Sep. 30, 2013
Cash [Text Block]
3.

Cash

     
 

At September 30, 2013, the Company had $7,548,367 (December 31, 2012 – $7,016,710) in cash. Pursuant to ASC 820 the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company places cash investments in instruments that meet credit quality standards, as specified in the Company’s investment policy guidelines.