Quarterly report pursuant to Section 13 or 15(d)

Trade and Other Payables

v2.4.0.8
Trade and Other Payables
6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Trade and Other Payables
Note 7 - Trade and Other Payables
 
Trade and other payables as of June 30, 2014 and December 31, 2013 are as follows:
 
 
 
2014
 
2013
 
Trade Payables
 
$
290,072
 
$
623,157
 
Other Payables
 
 
348,143
 
 
377,256
 
 
 
$
638,215
 
$
1,000,413
 
 
Trade and other payables are non-interest bearing and are normally settled on 30 – 60 day terms.