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9. Loan payable
9 Months Ended
Sep. 30, 2014
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, 2014 of $33,503. Estimated principal re-payments to September 30th are as follows:

 

 2015   $7,811 
 2016    8,169 
 2017    8,543 
 Thereafter    4,418 
     $28,941