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9. Loan Payable
9 Months Ended
Sep. 30, 2013
Payables and Accruals [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 September 30, 2013 of $34,125. Estimated principal re-payments to December 31st are as follows:

 

2013   $ 2,388
2014     8,210
2015     8,586
2016     8,980
2017     9,391
Thereafter     2,414
    $ 39,969