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4. Related Party Transactions
3 Months Ended
Mar. 31, 2017
Notes  
4. Related Party Transactions

4.   RELATED PARTY TRANSACTIONS

 

Beginning in January 2016, the salary of the Company’s Chief Executive Officer (“CEO”) has not been paid. An amount of $127,500 had been accrued at December 31, 2016. An amount of $172,500 has been accrued at March 31, 2017 compared to $37,500 at March 31, 2016. An amount of $35,093 has been accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2016. An amount of $48,255 and $16,917 has been accrued for fees at March 31, 2017 and 2016 respectively. These amounts are included in related party payable.

 

At December 31, 2016, an amount of $115,298 had been accrued for consultants and directors’ fees. At March 31, 2017 and 2016, $121,498 and $98,398, respectively, has been accrued for consultants and directors’ fees and is included in related party payable.