Cash and cash equivalents

12 Months Ended

Dec. 31, 2018

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

4. Cash and cash equivalents

Cash and cash equivalents are not restricted by the terms of the Company’s bank accounts as to withdrawal or use. As of December 31, 2018 and 2017, the equivalent United States dollars are denominated in the following currencies:

	December 31,
	2018		2017
Bank accounts:
United States dollar	$	11,797,054	$	6,764,201
Cayman Islands dollar		5,626,487		4,306,768
Bahamian dollar		3,301,002		13,310,936
Belize dollar		1,130,783		4,646,184
Bermudian dollar		3,370		3,502
Mexican peso		37,313		17,014
Indonesian rupiah		22,289		46,331
		21,918,298		29,094,936
Short term deposits:
United States dollar		8,379,723		10,559,407
Cayman Islands dollar		-		4,802,060
Bahamian dollar		1,039,456		1,026,563
		9,419,179		16,388,030
Total cash and cash equivalents	$	31,337,477	$	45,482,966

Transfers from the Company’s Bahamas bank accounts to Company bank accounts in other countries require the approval of the Central Bank of the Bahamas.