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6. Contingencies
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12 Months Ended |
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Dec. 31, 2012
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| Contingencies Disclosure [Text Block] |
6. Contingencies
Accounts
payable and accrued liabilities as of December 31, 2012
include $180,666 (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,
totaling $879,000, of these promissory notes and related
accrued interest have been fully recognized and recorded by
the Company.
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