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9. Loan payable
6 Months Ended
Jun. 30, 2014
Debt Disclosure [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 June 30, 2014 of $26,625. Estimated principal re-payments to December 31 st are as follows:

 

 2015   $8,086   
 2016    8,457   
 2017    8,845   
 Thereafter    6,898   
     $32,286