XML 26 R15.htm IDEA: XBRL DOCUMENT v3.4.0.3
9. Related party Transactions
3 Months Ended
Mar. 31, 2016
Related Party Transactions [Abstract]  
9. Related party Transactions

9. Related Party Transactions

 

GreeneStone Clinic Inc.

As of March 31, 2016 and December 31, 2015, the Company had a receivable of $67,297 and a payable of $(5,284), respectively. GreeneStone Clinic Inc., is controlled by one of the Company’s directors. The balance receivable and payable is non-interest bearing, not secured and has no specific repayment terms.

 

The Company incurred management fees from GreeneStone Clinic, Inc., totaling $0 and $48,368 for the three months ended March 31, 2016 and 2015, respectively.

 

1816191 Ontario

As of March 31, 2016 and December 31, 2015, the Company had a receivable of $7,893 and a payable of $(22,305), respectively, to 1816191 Ontario, the Endoscopy Clinic, which was sold at the end of the prior year. The receivable and payable is non-interest bearing, and has no specific repayment terms.

 

Shawn E. Leon

As of March 31, 2016 and December 31, 2015 the Company had a payable of $159,551. The balance payable is non-interest bearing and have no fixed repayment terms.

 

Cranberry Cove Holdings Ltd.

The Company entered into an agreement to lease premises from Cranberry Cove Holdings Ltd. at market related terms. The Company had rental expense amounting to CAD $96,045 and CAD $96,600 for the three months ended March 31, 2016 and 2015, respectively. Cranberry Cove Holdings Ltd. is related to the Company by virtue of its shareholder owning 1816191 Ontario.

 

As of March 31, 2016 and December 31, 2015, the Company owed Cranberry Cove holdings $333,380(CAD $432,399) and $87,356 (CAD$120,908) in accrued rent and utility charges.

 

All related party transactions occur in the normal course of operations and in terms of agreements entered into between the parties.