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10. Related Party Transactions
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions

During the first three and six months ended June 30, 2014 and 2013, the Chairman of the audit committee and compensation committee received $9,000 and $18,000, respectively, for services performed.

 

During the three and six months ended June 30, 2014 and 2013, the Company paid $1,704 and $3,296 in 2014, respectively, and $23,085 and $37,945 in 2013, respectively, to John Lawrence, President and Chief Executive Officer, as reimbursement for equipment used by the Company.  Additionally during the quarter ended June 30, 2014, Mr. Lawrence loaned the Company $63,500 for operating expenses and was paid back $13,500 at June 30, 2014.  The loan was non-interest bearing and unsecured and was paid in full during July of 2014.

 

During the three and six months ended June 30, 2014 and 2013, the Company paid royalty expenses, based on sales of zeolite, of $10,541 and $21,044, in 2014, respectively, and $18,909 and $29,878 in 2013, respectively, to a company controlled by the estate of Al Dugan, formerly a significant stockholder and the father of a former director.