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Long Term Debt | 12 Months Ended
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Dec. 31, 2017
Debt Disclosure [Abstract] |
Long Term Debt | 10. Long Term Debt In September 2014, NanoChem Solutions Inc. signed a $1,005,967 promissory note with Harris Bank with a rate of prime plus 0.5% (2017 – 5%) to be repaid over 5 years with equal monthly installments plus interest. This money was used to retire the previously issued and outstanding debt obligations. The balance owing at December 31, 2017 was $352,089 (December 31, 2016 - $553,282). The final payment will be made in September 2019. The Company has committed to the following repayments:
2018 |  | $ | 201,193 |
2019 |  | $ | 150,896 |
As of December 31, 2017, Company was in compliance with all loan covenants.
|  | December 31, 2017 |  |  | December 31, 2016 |
Continuity |  |  |  |  |  |  |  |
Balance, beginning of year |  | $ | 553,282 |  |  | $ | 754,475 |
Less: Payments on loan |  |  | 201,193 |  |  |  | 201,193 |
Balance, end of year |  | $ | 352,089 |  |  | $ | 553,282 |
Less: current portion |  |  | (201,193 | ) |  |  | (201,193 | )
Long term balance |  | $ | 150,896 |  |  | $ | 352,089 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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