Mortgages Payable and Capital Leases

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Mortgages Payable and Capital Leases

NOTE 7 - MORTGAGES PAYABLE AND CAPITAL LEASES

The Mortgages Payable and Capital Leases consists of the following at December 31,:

	December 31, 2015		December 31, 2014
Mortgage in the amount of $280,000 Canadian dollars, bears simple interest at 7% per annum, secured by the land and building, and mature on June 15, 2015. Principal and interest are due, in their entirety, at maturity. In consideration for 10,000 shares, the maturity was extended from June 15, 2015 to December 15, 2015 and subsquently to June 15, 2016 by the Mortgage holder.	$	201,880	$	240,819
Equipment capital lease bears interest at 5.0% per annum, secured by the equipment and mature in April 2015, repayable in monthly installments of approximately $360.		-		1,424
Equipment capital lease, bears interest at 5.85% per annum, secured by the equipment and mature in November 2015, repayable in monthly installments of approximately $516.		1,032		5,514
Equipment capital lease bears interest at 3.9% per annum, secured by the equipment and matures on May 10, 2016, Principal and interest are due, in their entirety, at maturity. The maturity was extended from May 10, 2015 to May 10, 2016 by the Lessor.		19,761		19,006
Mortgage in the amount of $110,000, bears no interest, secured by the land and building, and matures in November 2016.		40,000		105,000
Total		262,673		371,763
Less: current portion		-		45,000
Mortgages payable and capital leases	$	262,673	$	326,763

The following annual payments of principal are required over the next two years in respect of these mortgages and capital leases:

Years Ending December 31,	Annual Payments
2016	$	262,673
2017		-
Total repayments	$	262,673