10. Related party transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

10. Related party transactions

10. Related party transactions

The balance due to related party as at March 31, 2013 to Greenestone Clinic Inc. The Company is related to Greenestone Clinic Inc. as it is controlled by one of the Company’s directors. The balance owing is non-interest bearing, not secured and has no specified terms of repayment.

The Company had management fees totaling $49,595 during the three month period ended March 31, 2013 (March 31, 2012: $29,967) to the director for services which are included in management fees.

The Company entered into an agreement to lease premises from Cranberry Cove Holdings Ltd. at market terms. During the three month period ended March 31, 2013, the Company had rent expense of $138,000 (March 31, 2012: $84,000) to Cranberry Cove Holdings Ltd. Cranberry Cove Holdings Ltd. is related to the Company by virtue of its shareholder being a director of the Company.

All related party transactions occur in the normal course of operations and are measured at the exchange amount, as agreed upon by the related parties.