Obligations under Capital Lease (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Capital Leased Assets [Table Text Block]

								March 31,			December 31,
								2019			2018
		(a)			(b)			Total			Total
Obligations under Capital Lease	$	143,493		$	134,662		$	278,155		$	288,708
Less: current portion		(48,961	)		(38,756	)		(87,717	)		(81,109	)
Obligations under Capital Lease-Long-term	$	94,532		$	95,906		$	190,438		$	207,599

(a)

The lease agreement for certain equipment for the Company’s organic composting facility at a cost of $214,500 ($286,650 CAD), is payable in monthly blended installments of principal and interest of $4,370 ($5,840 CAD), plus applicable harmonized sales taxes and an option to purchase the equipment for a final payment of $21,401 ($28,600 CAD), plus applicable harmonized sales taxes on October 31, 2021. The lease agreement bears interest at the rate of 5.982% annually, compounded monthly, due September 30, 2021.

(b)

The lease for certain equipment for the Company’s organic composting facility at a cost of $185,167 ($247,450 CAD), is payable in monthly blended installments of principal and interest of $3,830 ($5,118 CAD), plus applicable harmonized sales taxes for a period of forty-six months plus the first two monthly blended installments of $7,483 ($10,000 CAD) plus applicable harmonized sales taxes and an option to purchase the equipment for a final payment of $ 18,468 ($24,680 CAD) plus applicable harmonized sales taxes on February 27, 2022. The leasing agreement bears interest at the rate of 6.15% annually, compounded monthly, due January 27, 2022.

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

In the nine-month period ending December 31, 2019	$	78,171
In the year ending December 31, 2020		98,400
In the year ending December 31, 2021		106,691
In the year ending December 31, 2022		22,298
		305,560
Less: imputed interest		(27,405	)
Total	$	278,155