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Other Payables (Tables)
12 Months Ended
Dec. 31, 2015
Payables and Accruals [Abstract]  
Schedule of Other Current Liabilities

 

 

    December 31, 2015     December 31, 2014  
    $     $  
             
New World Whiskey Distilleries (Pty) Ltd - License and Distribution Agreement     -       75,000  
                 
The above payable arose from the acquisition of a License Agreement purchased from New World Whiskey Distillery (Pty) Ltd (an Australian corporation) to sell and distribute Blue Harbour Whiskey in the Middle East and Europe. The payable was unsecured, bore no interest and was repayable on or before July 1st, 2015. As part of the agreement, the Company will pay 2% of any net business profits earned under this license agreement, which would be deducted from the outstanding balance owing.
 
During 2015, due to the decline in forecasted revenue related to the Licence and Distribution agreement, New World Whiskey Distilleries agreed to write off amounts owing to them which resulted in a gain from debt forgiveness of $75,000.