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6. Contingencies
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6 Months Ended |
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Jun. 30, 2012
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| Contingencies Disclosure [Text Block] |
6. Contingencies
Accounts
payable and accrued liabilities as of June 30, 2012 include
$180,666 (December 31, 2011 - $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 of
these promissory notes and accrued interest have been fully
recognized and recorded by the Company.
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