5. Due from sale of Subsidiary

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

5. Due from sale of Subsidiary

5. Due from 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 CAD$1,282,002, comprised of the agreed purchase price of CAD$1,250,000 and the acquisition of net assets at closing of CAD$32,002 The sale price of CAD$1,282,002 included the assumption by the buyer of debt in the same amount as the sale price, which debt was owed by the Endoscopy clinic to the Company in the amount of CAD$895,460 and to the buyer of CAD$386,542. At closing, the buyer offset the assumed debt to the Company of CAD$895,460 by US$277,500 through the cancellation of 2,408,268 shares of the Company’s common stock, for a net amount due to the Company of CAD$617,960. This debt is owed by the buyer to the Company in the form of an interest bearing note with a coupon of 5% per annum. The note was originally due on June 30, 2015 which was recently extended to December 31, 2015 . The amount outstanding of CAD$617,960 was revalued at US$446,476 and US$493,806 as of December 31, 2015 and 2014, respectively. Management evaluated this receivable as of December 31, 2015 and a provision for the full value of the notewas raised as of December 31,2015

The amount due on the sale if subsidiary is as follows:

	December 31, 2015			December 31, 2014
Principal outstanding	$	446,476		$	493,806
Accrued interest		—			—
		446,476			493,806
Provision raised		(446,476	)		—
	$	—		$	493,806