Commitments and Contingencies (Details Narrative) |
3 Months Ended |
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Mar. 31, 2016
USD ($)
shares
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Commitments and Contingencies Disclosure [Line Items] | |
Debt owned amount | $ 480,000 |
Loss contingency, estimated recovery from third party | Rolalor and Labyrinth, be wound up in satisfaction of an alleged debt owed in the total amount of R4,082,636 (approximately $480,000). |
Maximum gross settlement | $ 675,000 |
Attorney's fees | $ 225,000 |
Acquisition of shares issued | shares | 1,619,646 |
Cash held in escrow | $ 200,000 |
Accrued liabilities settlement amount | 675,000 |
South Africa, Rand [Member] | |
Commitments and Contingencies Disclosure [Line Items] | |
Debt owned amount | $ 4,082,636 |
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- Definition Commitments And Contingencies Disclosure Line Items. No definition available.
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- Definition Debt owned amount. No definition available.
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- Definition The designation of funds furnished by a borrower to a lender to assure future payments of the borrower's real estate taxes and insurance obligations with respect to a mortgaged property. Escrow deposits may be made for a variety of other purposes such as earnest money and contingent payments. This element excludes replacement reserves which are an escrow separately provided for within the US GAAP taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross amount of debt extinguished. No definition available.
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of judgment or settlement awarded to (against) the entity in respect of litigation. No definition available.
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- Definition If estimable, describe the recovery that could be expected to result from a right to proceed against a third party such as an insurer or co-defendant. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination. No definition available.
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- Details
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