OBLIGATION UNDER CAPITAL LEASE
 12 Months Ended
Dec. 31, 2014
Leases, Capital [Abstract]  
Capital Leases in Financial Statements of Lessee Disclosure [Text Block]
8 — OBLIGATION UNDER CAPITAL LEASE
 
The future minimum payments for capital leases as at December 31, 2014 are as follows:
 
2015
 
$
125,500
 
Total minimum lease payments
 
 
125,500
 
Less amount representing interest
 
 
(2,500)
 
Present value of the net minimum lease payments
 
 
123,000
 
Less obligations under capital lease maturing within one year
 
 
(123,000)
 
Long-term portion of obligations under capital lease
 
$
—
 
 
The interest rate on the capital lease agreement is 4% annually.