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8. Related Party Transactions
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
8. Related Party Transactions

8. Related Party Transactions

 

Greenstone Clinic Inc.

As of September 30, 2016, and December 31, 2015, the Company had a payable of $510 and $5,284, respectively. Greenstone Clinic Inc., is controlled by one of the Company’s directors. The balance payable is noninterest bearing, not secured and has no specific repayment terms.

 

The Company incurred management fees from Greenstone Clinic, Inc., totaling $45,742 and $Nil and $92,319 and $96,705 for the three months and nine months ended September 30, 2016 and 2015, respectively.

 

1816191 Ontario

As of September 30, 2016, and December 31, 2015, the Company had a receivable of $17,345 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 noninterest bearing, and has no specific repayment terms.

 

Shawn E. Leon

As of September 30, 2016, and December 31, 2015 the Company had a payable of $Nil and $159,551, respectively to Shawn E. Leon, a director and CEO of the Company. The balance payable is noninterest 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 $100,203 and $84,176 and $271,364 and $263,568 for the three months and nine months ended September 30, 2016 and 2015, respectively. Cranberry Cove Holdings Ltd. is related to the Company by virtue of its shareholder owning 1816191 Ontario.

 

As of September 30, 2016, and December 31, 2015, the Company owed Cranberry Cove Holdings $37,942 (CAD $49,767) and $87,356 (CAD$120,908).

 

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