XML 14 R17.htm IDEA: XBRL DOCUMENT

11. Related Party Transactions	9 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]
11. Related Party Transactions	11. Related Party Transactions The balance due to related party as at September 30, 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 $146,577 during the nine month period ended September 30, 2013 (September 30, 2012: $129,701), 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 nine month period ended September 30, 2013, the Company had rent expense of $410,858 (September 30, 2012: $299,310) 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.

11. Related Party Transactions

9 Months Ended

Sep. 30, 2013

11. Related Party Transactions

The balance due to related party as at September 30, 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 $146,577 during the nine month period ended September 30, 2013 (September 30, 2012: $129,701), 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 nine month period ended September 30, 2013, the Company had rent expense of $410,858 (September 30, 2012: $299,310) 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.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details