XML 26 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
7. Loans payable
12 Months Ended
Dec. 31, 2015
Payables and Accruals [Abstract]  
7. Loans payable

The Company has an automobile loan payable bearing interest at 4.49% with blended monthly payments of $835 that matures in March 2018. The loan is secured by the vehicle with a net book value as at December 31, 2015 of $14,960.

 

    December 31, 2015   December 31, 2014
Automobile loan                
Short-term portion   6,684     $ 7,625  
Long-term portion     8,788       18,460  
     $ 15,472     $ 26,085  

 

Estimated principal re-payments are as follows:

 

        Amount
                     
  2016             $ 6,684  
  2017               6,991  
  2018               1,797  
                $ 15,472