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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

 

5.RELATED PARTY TRANSACTIONS

 

In addition to related party transactions described in Notes 6 and 9, the Company has accrued amounts to the Company’s Chief Executive Officer (“CEO”), Chief Financial Officer (“CFO”) and board of directors fees for amounts earned but not yet paid. Beginning in January 2016 and through December 31, 2021, the CEO’s salary has not been paid in full. Salary due to the CFO have been accrued and remain unpaid, as have board of directors fees:

 

CEO  Year ended
12/31/21
   Year ended
12/31/20
 
Balance at beginning of period  $590,851   $426,500 
Deferred salary   180,000    166,000 
Deferred expenses   40,220    17,351 
Payments   (17,351)   (19,000)
Ending Balance   793,720    590,851 
           
CFO          
Balance at beginning of period   88,736    78,644 
Deferred   27,768    27,354 
Payments   (24,523)   (17,262)
Ending Balance   91,981    88,736 
           
Board fees payable   131,702    108,202 
Total Related party payables  $1,017,403   $787,789