Annual report pursuant to Section 13 and 15(d)

Trade and Other Payables

v2.4.1.9
Trade and Other Payables
 12 Months Ended
Dec. 31, 2014
Payables and Accruals [Abstract]  
Trade and Other Payables

 

Note 9 - Trade and Other Payables

 

    Trade and other payables as of December 31, 2014 and 2013 are as follows:

 

    2014     2013  
Trade Payables   $ 364,079     $ 623,157  
Other Payables     1,174,351       377,256  
    $ 1,538,430     $ 1,000,413  

 

    Trade and other payables are non-interest bearing and are normally settled on 30 – 60 day terms.