Loans Payable - Other

6 Months Ended

Jun. 30, 2013

Loans Payable, Current [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

3. Loans Payable – Other

Effective July 26, 2012 MAB-Z entered into a one year financing short term loan agreement with Overseas Trade and Financing Limited for an amount of $40,000 with accrued interest at the rate of 12% . The balance with interest and fees of $45,166 at June 30, 2013 must be fully repaid within 360 days of the effective date. Failure to pay as prescribed or duly extend loan period will result in the accrual of late charges at a rate of 6% per annum. Extension and drawdown fees are 1% and 2% respectively.