Risk Management

12 Months Ended

Dec. 31, 2015

Risks and Uncertainties [Abstract]

Risk Management

NOTE 14 – RISK MANAGEMENT

Concentration of Credit Risk

The Company maintains cash balances, at times, with financial institutions in excess of amounts insured by the Canada Deposit Insurance Corporation and the U.S. Federal Deposit Insurance Corporation. Management monitors the soundness of these institutions and has not experienced any collection losses with these financial institutions.

During the years ended December 31, 2015 and 2014, 100.0%, and 89% of total net revenues were generated from a single, and two customers respectively. As of December 31, 2015 and 2014, one and two customers, respectively, accounted for 100.0% of accounts receivable.

During the years ended December 31, 2015 and 2014 five and four suppliers, respectively, accounted for 30.9% and 38.0% of accounts payable, respectively.