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5. Loans payable
12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
5. Loans payable
  5. Loans Payable

 

The Company had an automobile loan payable during the prior year, bearing interest at 4.49% with blended monthly payments of $835 that matures in March 2018. This loan was settled during the current financial year. The loan was secured by the vehicle with a net book value as at December 31, 2015 of $14,960.

    December 31, 2016   December 31, 2015
Automobile loan   $ -     $ 15,472  
Disclosed as follows:                
Short-term portion     -       6,684  
Long-term portion     -       8,788  
    $ -     $ 15,472