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Loans receivable
12 Months Ended
Dec. 31, 2018
Receivables [Abstract]  
Financing Receivables [Text Block]
7. Loans receivable
 
 
 
December 31,
 
 
 
2018
 
 
2017
 
All loans receivable are due from the Water Authority Cayman and consisted of:
 
 
 
 
 
 
 
 
Two loans originally aggregating $10,996,290, bearing interest at 6.5% per annum, receivable in aggregate monthly installments of $124,827 to June 2019, and secured by the machinery and equipment of the North Side Water Works plant.
 
$
734,980
 
 
$
2,135,428
 
Total loans receivable
 
 
734,980
 
 
 
2,135,428
 
Less current portion
 
 
734,980
 
 
 
1,400,448
 
Loans receivable, excluding current portion
 
$
-
 
 
$
734,980