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10. Loans payable
9 Months Ended
Sep. 30, 2015
Payables and Accruals [Abstract]  
10. Loans payable

10. Loans payable

 

The Company has an automobile loan payable bearing interest at 4.49% with blended monthly payments of CAN$835 that matures March 2018. The loan is secured by a vehicle with a net book value as at September 30, 2015 of $ 13,566.

 

   September 30, 2015  December 31, 2014
           
Short term portion of automobile loan payable  $6,830   $7,625 
Long term portion of automobile loan payable   10,837    18,460 
   $17,667   $26,085 

 

Estimated principal re-payments are as follows:

 

   Amount
        
 2015   $1,679 
 2016    6,907 
 2017    7,224 
 2018    1,857 
     $17,667