Cash and cash equivalents

12 Months Ended

Dec. 31, 2017

Cash and Cash Equivalents [Abstract]

Cash and Cash Equivalents Disclosure [Text Block]

3. Cash and cash equivalents

Cash and cash equivalents are not restricted by the terms of the Company’s bank accounts as to withdrawal or use. As of December 31, 2017 and 2016, the equivalent United States dollars are denominated in the following currencies:

	December 31,
	2017		2016
Bank accounts:
United States dollar	$	6,764,201	$	11,350,895
Cayman Islands dollar		4,306,768		16,511,673
Bahamian dollar		13,310,936		4,859,914
Belize dollar		6,346,184		4,884,161
Bermudian dollar		3,502		3,733
Mexican peso		17,014		83,752
Euro		-		5,221
Singapore dollar		-		25,840
Indonesian rupiah		46,331		29,220
		30,794,936		37,754,409
Short term deposits:
United States dollar		10,559,407		490,914
Cayman Islands dollar		4,802,060		-
Bahamian dollar		1,026,563		1,008,793
		16,388,030		1,499,707
Total cash and cash equivalents	$	47,182,966	$	39,254,116

Transfers from the Company’s Bahamas and Belize bank accounts to Company bank accounts in other countries require the approval of the Central Bank of the Bahamas and Belize, respectively.