| Capital Leases in Financial Statements of Lessee Disclosure [Text Block] |
| 9. |
capital lease payable (restated note 16) |
Capital leases payable at March 31, 2012 and December 31, 2011 is associated with the South African Operations and consists of the following.
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March 31, |
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December 31, |
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2012 |
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2011 |
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| Capital lease payable, due in 49 monthly installments of $1,081, including interest at 10%, through April 2016 |
|
$ |
45,392 |
|
|
$ |
46,149 |
|
| |
|
|
|
|
|
|
|
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| Capital lease payable, due in 32 monthly insallments of $800 including interest at 10%, through November 2014 |
|
|
23,063 |
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|
|
24,186 |
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| |
|
|
|
|
|
|
|
|
| Capital lease payable, due in 14 monthly installments of $1,470, including interest at 10%, through May 2013 |
|
|
20,722 |
|
|
|
23,211 |
|
| |
|
|
|
|
|
|
|
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| Capital lease payable, due in 36 monthly installments of $1,022, including interest at 10%, through February 2015 |
|
|
33,482 |
|
|
|
33,897 |
|
| Total capital leases payable |
|
|
122,659 |
|
|
|
127,443 |
|
| Current maturities |
|
|
38,583 |
|
|
|
41,590 |
|
| Capital leases payable, less current maturities |
|
$ |
84,076 |
|
|
$ |
85,853 |
|
The capital leases cover point of sale and other equipment for the four restaurants operating at March 31, 2012.
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