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Note 9. Loan Payable.
6 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Note 9. Loan Payable.

Note 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 June 30, 2013, of $35,910. Estimated principal re-payments to December 31 are as follows:

 

2013   $ 3,888
2014     8,042
2015     8,411
2016     8,797
2017     9,200
Thereafter     2,365
    $ 40,703