Related Party Transactions

3 Months Ended

Mar. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

13. Related Party Transactions

1816191 Ontario  

During the quarter ended March 31, 2018, the Company repaid $15,921 to 1816191 Ontario, the Endoscopy Clinic.

Shawn E. Leon

As of March 31, 2018, and December 31, 2017 the Company had a receivable of $17,910 and $16,080, respectively to Shawn E. Leon, a director and CEO of the Company. The balances receivable are non-interest bearing and have no fixed repayment terms.

Mr. Leon was paid management fees of $46,533 during the three months ended March 31, 2018.

Leon Developments, Ltd.

The Company acquired CCH from Leon Developments, Ltd., on February 14, 2017, refer note 1 above. CCH owns the facility utilized by the Canadian Rehab Clinic which was sold to a third party on February 14, 2017. CCH owed CDN $2,692,512 to Leon Developments. The amount owing to Leon Developments Ltd., as of March 31, 2018 was $1,619,332.

Cranberry Cove Holdings Ltd.

The Company acquired CCH on February 14, 2017. CCH owns the real estate previously utilized by the Canadian Rehab Clinic and now utilized by the purchaser of the business.

Prior to the acquisition of CCH, the Company paid rental expense to CCH of $58,925 for the period ended March 31, 2017.

Eileen Greene

Eileen Greene is the spouse of our CEO, Shawn Leon. During October and November 2017, we borrowed CDN$1,122,000 from Eileen Greene, principally to fund the deposit on the real estate transaction, disclosed in note 6above. During the three months ended March 31, 2018, Eileen Greene advanced the Company an additional $150,000 and the company repaid $84,406. The funds advanced is non-interest bearing and has no fixed repayment terms. As of March 31, 2018, the amount owing to Eileen Greene amounted to $942,776.

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