5. Due from sale of Subsidiary

3 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

5. Due from sale of Subsidiary

5. Due from sale of subsidiary

A net amount of CAD$617,960 is due to the Company on the sale of the Endoscopy Clinic in December 2014. This debt is 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$476,477 as of March 31, 2016 and US$446,476 as of December 31, 2015. Management evaluated this receivable as of March 31, 2016 and December 31, 2015 and a provision for the full value of the note was raised as of March 31, 2016 and December 31, 2015.

The amount due on the sale of subsidiary is summarized as follows:

	March 31, 2016			December 31, 2015
	Unaudited
Principal outstanding	$	476,447		$	446,476
Accrued interest		—			—
		476,447			446,476
Provision raised		(476,447	)		(446,476	)
	$	—		$	—