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Note 9 - Related Parties
6 Months Ended
Jun. 30, 2017
Notes  
Note 9 - Related Parties

NOTE 9 – RELATED PARTIES

 

Trxade Group, Inc. owed management wages to Mr. Prashant Patel and Mr. Suren Ajjarapu at June 30, 2017 of $67,012 and $0, respectively and at December 31, 2016 of $132,012 and $76,971, respectively.

 

In January 2017 Mr. Ajjarapu and Mr. Patel suspended their executive salaries of $165,000 and $125,000, respectively, for a period of four months. In April 2017, they extended the period to June 30, 2017. In June 2017 Mr. Ajjarapu executed an agreement which resumed his salary of $165,000. All of our executives are at-will employees or consultants. Each of Messrs. Ajjarapu and Patel are parties to an at-will executive employment agreement.

 

See related party debt activities in NOTE 4 and NOTE 5.