v2.4.0.6
7. Related party transactions (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Schedule of Related Party Transactions [Table Text Block]
Balance, December 31, 2011
$
5,286,319
 
Promissory notes payable issued
 
-
Balance, December 31,2012
$
5,286,319
   
2012
 
2011
Development costs:
       
Services rendered by directors and officers
$
60,000
$
60,000
Interest expense:
       
Promissory notes and lines of credit issued to director and relatives of
directors
 
406,732
 
519,403
Stock options granted to a director and officer
 
5,377,907
 
914,491
Stock options granted to relatives of directors
 
-
 
1,493,702
Selling, general and administration:
       
Compensation to a director and officer
 
189,600
 
189,600
Stock options and share based payments to a director and officer
 
180,402
 
209,898