XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Trade and Other Payables | 3 Months Ended
--- | ---
Mar. 31, 2018
Payables and Accruals [Abstract] |
Trade and Other Payables | Note 8 - Trade and Other Payables Trade and other payables consists of the following:
|  | March 31, 2018 |  |  | December 31, 2017 |
|  |  |  |  | (restated) |
Trade Payables |  | $ | 598,359 |  |  | $ | 948,951 |
Accrued Expenses |  |  | 702,424 |  |  |  | 736,515 |
Deferred Compensation |  |  | 59,750 |  |  |  | 59,750 |
|  | $ | 1,360,533 |  |  | $ | 1,745,216 |
Trade and other payables – related party are as follows:
|  | March 31, 2018 |  |  | December 31, 2017 |
Trade Payables |  | $ | 19,005 |  |  | $ | 39,821 |
|  | $ | 19,005 |  |  | $ | 39,821 |
As of March 31, 2018 the Company owed ChubeWorkx Guernsey Limited, previously a major shareholder, royalties of $15,845 (Note 13) which was paid on April 23, 2018. As of March 31, 2018, the Company owed Hainan $670. Senior management at Hainan are actively involved in Shenzhen Savy-Akers Biosciences (“Shenzhen”) which is therefore being included as a related party. The Company owed Shenzhen $2,490 as of March 31, 2018. Trade and other payables are non-interest bearing and are normally settled on 30 – 60 day terms.

X
- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PayablesAndAccrualsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration