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Cash and cash equivalents
 12 Months Ended
Dec. 31, 2015
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]
3. 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, 2015 and 2014, the equivalent United States dollars are denominated in the following currencies:
 
 
 
December 31,
 
 
 
2015
 
2014
 
Bank accounts:
 
 
 
 
 
 
 
United States dollar
 
$
10,961,159
 
$
7,809,107
 
Cayman Islands dollar
 
 
10,590,207
 
 
4,274,025
 
Bahamian dollar
 
 
1,983,236
 
 
6,822,761
 
Belize dollar
 
 
4,213,923
 
 
3,658,705
 
Bermudian dollar
 
 
4,571
 
 
5,507
 
Mexican Peso
 
 
27,872
 
 
53,203
 
Euro
 
 
23,819
 
 
30,291
 
Singapore dollar
 
 
25,879
 
 
27,641
 
Indonesian Rupiah
 
 
40,483
 
 
78,991
 
 
 
 
27,871,149
 
 
22,760,231
 
 
 
 
 
 
 
 
 
Short term deposits:
 
 
 
 
 
 
 
United States dollar
 
 
1,307,337
 
 
474,728
 
Bahamian dollar
 
 
15,614,248
 
 
12,478,730
 
 
 
 
16,921,585
 
 
12,953,458
 
Total cash and cash equivalents
 
$
44,792,734
 
$
35,713,689
 
 
Transfers from the Company’s Bahamas and Belize bank accounts to Company bank accounts in other countries require the approval of the Central Bank of the Bahamas and Belize, respectively.