3. Certain relationships and related transactions |
6 Months Ended |
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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. |