Related Party Transactions

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 7 – RELATED PARTY TRANSACTIONS

A. LEASE ON FACILITIES

The Company leases a 6,000 square foot warehouse and office facility located at 601 NE 26th Court in Pompano Beach, Florida at an annual rent of $60,000. The lease period ends December 2016. with a 1 year renewal at the company’s option, and a 2% rate increase. Occupancy costs for the three months ended March 31, 2016 and 2015 were $15,900 and $15,000, respectively.

B. DEFERRED COMPENSATION

Included in accounts payable and accrued expenses - related parties as of March 31, 2016 and December 31, 2015 are $206,250 and $137,500, respectively, of accrued and deferred officers’ salaries compensation which may be paid as funds are available. These are non-interest bearing and due on demand.

In June 2015, the principle officers of the company forgave $612,500 of deferred compensation. This was recorded in additional paid in capital.