Due from sale of subsidiary

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Due from sale of subsidiary

7. Due from sale of subsidiary

On February 14, 2017, the Company sold its Canadian Rehab Clinic for gross proceeds of CDN$10,000,000, of which CDN$1,500,000 (US$1,155,900) had been retained in an escrow account for a period of up to two years in order to guarantee the warranties provided by the Company in terms of the APA. During the three months ended March 312, 2018, CDN$500,000 of the escrow was released to the Company, with an additional CDN$697,986 still outstanding.