4. Related Party Transactions

3 Months Ended

Mar. 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 4. RELATED PARTY TRANSACTIONS

As of March 31, 2019, and December 31, 2018, we owed Mr. Kersey $7,709 and $409, respectively, for administrative and travel expenses paid on our behalf. Mr. Kersey has agreed to defer repayment of these expenses until the Company’s cash resources significantly increase. In addition to these obligations, the Company incurred directors fees due to Mr. Kersey totaling $5,000 and $5,000 for the three months ended March 31, 2019 and 2018, respectively. As of March 31, 2019, and December 31, 2018, director fees totaling $60,000 and $55,000, respectively, remained outstanding and are included in accrued director fees in the accompanying consolidated balance sheets.