Commitments and contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

20. Commitments and contingencies

a. Contingency related to outstanding penalties

The Company has provided for potential US penalties of $250,000 due to non-compliance with the filing of certain required returns. The actual liability may be higher due to interest and penalties assessed by these taxing authorities.

b. Operating leases

The Company has assumed operating leases for certain vehicles and office equipment. The future commitment of these operating leases are as follows:

	Amount
2018	$	8,014
2019		270
Total	$	8,284

c. Mortgage loans

The company has two mortgage loans as disclosed in note 14 above. The future commitments under these loans are as follows:

	Amount
2018	$	134,010
2019		110,444
2020		3,048,904
2021		115,662
2022		3,908,884
Total	$	7,317,902

d. Convertible loans

The Company has an interest bearing convertible loan which requires monthly interest payments: the future interest payments under this loan is as follows:

	Amount
2018	$	128,723
Total	$	128,723

e. Other

From time to time, the Company and its subsidiaries enter into legal disputes in the ordinary course of business. The Company believes there are no material legal or administrative matters pending that are likely to have, individually or in the aggregate, a material adverse effect on its business or results of operations.