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12. Taxes payable
9 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
12. Taxes payable

12. Taxes payable

 

The Company has taxes, interest and penalties payable at September 30, 2015 and December 31, 2014 as follows:

 

   September 30, 2015  December 31, 2014
           
Harmonized sales tax  $527,483   $590,919 
Payroll taxes   1,976,470    2,065,378 
US Taxes and penalties   150,000    150,000 
   $2,653,953   $2,806,297 

 

The Company intends to raise funds to settle the outstanding tax liabilities. There is no guarantee that we will raise sufficient funds to  settle the outstanding liability within the next twelve months.