Quarterly report pursuant to Section 13 or 15(d)

LOAN RECEIVABLE

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LOAN RECEIVABLE
6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
5.
LOAN RECEIVABLE
 
During the period, the Company provided a loan to a third party in the amount of $150,000 under normal commercial terms. The loan carries an interest rate of 6% payable semi-yearly, is secured by all assets of the third party and is repayable in 10 months. As at June 30, 2015 accrued interest amounted to $1,130, which is included in prepaid expenses and sundry receivables.