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11. Related party transactions
12 Months Ended
Dec. 31, 2013
Related Party Transactions [Abstract]  
11. Related party transactions

11. Related party transactions

  

 A portion of related party notes payable at December 31, 2013 is due to Greenestone Clinic Inc. in the amount of $398,087 (December 31, 2012: receivable $122,017). The Company is related to Greenestone Clinic Inc. since 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 other portion of related party notes payable at December 31, 2013 is due to Dr. Jay Parekh in the amount of $224,269 (December 31, 2012: $312,501). He is a shareholder of the company and a director of the gastrointestinal clinical company ( a subsidiary of Greenestone Healthcare Corporation ). The balance owing is non-interest bearing, not secured and has no specified terms of repayment.

The Company had management fees totaling $233,016 during the year ended December 31, 2013 (December 31, 2012: $179,924) 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 year ended December 31, 2013, the Company had rent expense of $454,381 (December 31, 2012: $431,827) 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.