Loans Payable - Other

9 Months Ended

Sep. 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 is $46,816 at September 30, 2013.  Since the loan was not fully repaid within 360 days of the effective date late fees are now accruing at a rate of 6% per annum. Extension and drawdown fees are 1% and 2% respectively.