3. Certain relationships and related transactions
|6 Months Ended|
Jun. 30, 2015
|Related Party Transactions [Abstract]|
|Certain relationships and related transactions||
As of June 30, 2015 and December 31, 2014, the Company had accrued expenses and accounts payable to related parties in the amount of $220,814 and $259,507, respectively. Included in these amounts at June 30, 2015 and December 31, 2014 were unpaid salaries due the former President and a current member of the Companys Board of Directors of $105,429 and $135,429, respectively. The Company agreed to pay the former President $5,000 per month until the unpaid salary is fully settled. Also included in these amounts at June 30, 2015 and December 31, 2014 are accrued directors fees of $76,089 and $80,586, respectively.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef