3. Certain Relationships and Related Transactions |
9 Months Ended |
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Sep. 30, 2016 | |
Related Party Transactions [Abstract] | |
Certain Relationships and Related Transactions |
As of September, 30, 2016 and December 31, 2015, the Company had accrued expenses and accounts payable to related parties in the amount of $143,151 and $190,750, respectively. Included in these amounts at September 30, 2016 and December 31, 2015 were unpaid salaries due to our former President and current member of the Company’s Board of Directors of $30,429 and $75,429, 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 September 30, 2016 and December 31, 2015 are accrued directors’ fees of $76,089. |