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PROMISSORY NOTES, RELATED PARTY
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
PROMISSORY NOTES, RELATED PARTY

Note 10: Promissory notes, related party

The Company has outstanding promissory notes in the amount of $52,942, of which $23,000 of promissory notes are from an officer and a director of the Company (Note 9). The promissory notes bear no interest charges and have no fixed repayment terms.

During the period ended September 30, 2014, the note holder converted outstanding principal and accrued interest of $221,940 into 1,400,000 common shares. The fair value of the shares was determined to be $3,160,000 and the Company recorded a loss on settlement of debt of $2,938,060.