Accrued Expenses and Accounts Payable |
9 Months Ended | |||
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Sep. 30, 2021 | ||||
| Payables and Accruals [Abstract] | ||||
| Accrued Expenses and Accounts Payable |
Accrued Expenses
As of September 30, 2021 and December 31, 2020, the Company owed $197,000 and $197,000, respectively, pursuant to a separation agreement with a former executive officer effective April 1, 2017 as amended by letter agreements dated effective August 16, 2018 and March 31, 2019. The balance is included in accrued expenses and accounts payable on the accompanying consolidated balance sheet. Payments to the former officer are to be made at $10,000 per month. During the nine months ended September 30, 2021 the Company made no payments.
Accrued Expenses and Accounts Payable – Related Parties
Accrued expense – related parties consists of accrued current salaries of officers and fees due to members of the Board of Directors. As of September 30, 2021 and December 31, 2020, accrued expenses and accounts payable to related parties amounted to $139,000 and $95,000, respectively.
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