Note 11- Related Party Transactions

3 Months Ended

Mar. 31, 2014

Notes

Note 11- Related Party Transactions

NOTE 11– RELATED PARTY TRANSACTIONS

Several of the consulting agreements discussed in Note 10 are with related parties.  Related parties consist primarily of our executive officers, directors and individuals affiliated through family relationships with our officers and directors.  No compensation expense was paid in common shares to related parties during the three months ended March 31, 2014 and 2013.

            In addition to compensation expense paid in stock, we had the following amounts paid for consulting and professional fees to related parties during the three months ended March 31, 2014 and 2013:

	2014	2013
Founder, stockholder	$            18,229	$            42,786
Family of officers and directors	23,650	3,292
Total related parties	$              41,879	$              46,078

As of March 31, 2014, we had convertible debentures of $5,000, $12,500 and $50,000 payable to three family members of our executive officers.  As of December 31, 2013, we had convertible debentures of $5,000 and $12,500 payable to two family members of our executive officers.  The outstanding principal and interest are convertible into shares of our common stock at a conversion prices ranging from $0.06 to $30 per share.

Accrued interest payable to these related parties totaled $16,499 and $14,821 at March 31, 2014 and December 31, 2013, respectively.