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Loans receivable
12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Financing Receivables [Text Block]
6. Loans receivable
 
 
 
December 31,
 
 
 
2016
 
2015
 
All loans receivable are due from the Water Authority-Cayman and consisted of:
 
 
 
 
 
 
 
Two loans originally aggregating $10,996,290, bearing interest at 6.5% per annum, receivable in aggregate monthly installments of $124,827 to June 2019, and secured by the machinery and equipment of the North Side Water Works plant.
 
$
3,448,051
 
$
4,678,355
 
Two loans originally aggregating $3,671,039, bearing interest at 6.5% per annum, receivable in aggregate monthly installments of $54,513 to June 2017, and secured by the machinery and equipment of the Red Gate plant.
 
 
320,965
 
 
932,512
 
Total loans receivable
 
 
3,769,016
 
 
5,610,867
 
Less current portion
 
 
1,633,588
 
 
1,841,851
 
Loans receivable, excluding current portion
 
$
2,135,428
 
$
3,769,016