XML 52 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related Party Transactions
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 16 – RELATED PARTY TRANSACTIONS

 

In addition to transactions disclosed in Notes 8, 9, 10 and 19, the Company had the following related party transaction.

 

The Company has a month to month lease agreement for its office space with RMH Overhead, LLC, a company owned by Rick Havenstrite, the Company's President and a director. The Company recognized rent expense of $3,000 for the three months ended September 30, 2019 and 2018, respectively, under this lease. The Company recognized rent expense of $9,000 for the nine months ended September 30, 2019 and 2018, respectively, under this lease. At September 30, 2019 and December 31, 2018, amounts due to RMH Overhead, LLC of nil and $18,750, respectively, are included in in accounts payable and accrued expenses on the balance sheet.