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6. Contingencies
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12 Months Ended |
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Dec. 31, 2011
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| Contingencies Disclosure [Text Block] |
6. Contingencies
Accounts
payable and accrued liabilities as of December 31, 2011
include $180,666 (2010 - $180,666) of amounts owing to a
supplier, which the Company is in the process of disputing.
The outcome of this matter cannot be determined at this
time. Any adjustment will be recorded in the period that an
agreement with the supplier is reached and the amount
becomes determinable.
The
Company has had three judgments made against it relating to
overdue promissory notes and accrued interest and a fourth
creditor has demanded repayment of an overdue promissory
note and accrued interest. To date, the Company has not
repaid any of these promissory notes and related accrued
interest and could be subject to further action. The legal
liability, totaling $879,000, of these promissory notes and
related accrued interest have been fully recognized and
recorded by the Company.
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