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Subsequent Events
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

18. Subsequent Events


From January 1, 2017 through March 22, 2017, the Company received additional loans in the amount of $200,000, from the Company’s Chairman and CEO, as advances for working capital needs. The loans bear interest at the BBA Libor Daily Floating Rate plus 1.4 points.


In January 2017, the Company renewed the lease at an annual expense of $8,500 on a condominium in Ocean Ridge, Florida until December 20, 2017.


On February 9, 2017 a member of the Board of Directors forgave the principal amount of $25,000 and accrued interest of $1,256 on an unsecured loan outstanding totaling $25,000, which was due January 7, 2017. The Company recorded the forgiveness as a capital contribution.