XML 54 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
9. Loan payable
3 Months Ended
Mar. 31, 2013
Accounting Policies [Abstract]  
9. Loan payable

9. Loan payable

 

The Company has an automobile loan payable bearing interest at 4.49% with blended monthly payments of $835 that matures March 2018. The loan is secured by the vehicle with a net book value as at March 31, 2013 of $39,121. Estimated principal and interest re-payments to December 31st are as follows:

 

2013   $ 5,168
2014     8,502
2015     8,891
2016     9,299
2017     9,725
Thereafter     2,500
    $ 44,085