XML 52 R13.htm IDEA: XBRL DOCUMENT

Related Party Balances

9 Months Ended

Sep. 30, 2014

		September 30,		December 31,
		2014		2013
Current assets
Due from shareholder	$	127,794	$	61,833
Current liabilities
Due to related party	$	16,475	$	37,842
Advances from investor	$	474	$	69,678

The above balances are non-interest bearing, unsecured and due on demand. The related party is a shareholder of the Company and former CEO.

The advances from investor were funds advanced for purposes of covering operating expenses of the Company and $81,000 of these advances were formalized into a convertible debenture during the period (note 8). At December 31, 2013, the investor was also serving as interim Chief Financial Officer ("CFO") and accordingly these transactions constitute related party transactions; however, on January 1, 2014 the investor resigned as interim CFO.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details