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8. Due from the sale of Subsidiary
6 Months Ended
Jun. 30, 2015
Noncontrolling Interest [Abstract]  
8. Due from the sale of Subsidiary

8. Due from the sale of Subsidiary:

 

On December 17, 2014, the Company completed the sale of all the outstanding shares of the Endoscopy clinic, for the sum of C$1,282,001.87, comprised of the agreed purchase price of C$1,250,000 and the acquisition of net assets at closing of C$32,001.87 The sale price of C$1,282,001.87 included the assumption by the buyer of debt in the same amount as the sale price, which debt is owed by the Endoscopy clinic to the Company in the amount of C$895,495.60 and to the buyer of C$386,542.27. At closing, the buyer offset the assumed debt to the registrants of C$895,495.60 by US $277,500.000 through the cancellation of 2,408,268 shares of the Company’s common stock, for a net amount due to the Company of US$488,683 and $493,806 as of June 30, 2015 and December 31, 2014, respectively. The remainder of the assumed debt owed by the buyer to the Company was due June 30, 2015 but has been extended to December 31, 2015, and is in the form of an interest bearing note. Management has evaluated this receivable and believes that this receivable is collectible and no reserve is deemed necessary.