7. Related Party Notes Transactions	12 Months Ended
Dec. 31, 2019
Notes
7. Related Party Notes Transactions	`7.`Related Party Transactions In addition to the related parties notes payable discussed in Note 6, the Company had the following related party transactions: Three of the Company’s officers began deferring compensation for services on April 1, 2015. On July 31, 2018, the Company stopped expensing and deferring compensation for the three Company officers in the interest of marketing the SMMI project. As part of the BeMetals agreement (Note 3), the Company resumed compensation for these officers on May 15, 2019. The officers deferred compensation balances at December 31, 2019 and 2018 represent the balances deferred prior to the BeMetals agreement and are as follows: Eric Jones, President and Chief Executive Officer - $420,000; Jim Collord, Vice President and Chief Operating Officer - $420,000; and Larry Thackery, Chief Financial Officer - $201,500. The Company engaged Baird Hanson LLP (“Baird”), a company owned by one of the Company’s directors, to provide legal services in 2018. In advance of the BeMetals transaction Mr. Baird withdrew Baird Hanson LLP as counsel to avoid any appearance of a conflict with the then-proposed BeMetals Corp. transaction. During the year ended December 31, 2018, the Company incurred $65,530 in legal expense with Mr. Baird. There was no expense for the year ended in 2019. At December 31, 2019 and December 31, 2018, the balance due to Baird was $216,685 and $241,685, respectfully. Since 2017, Eric Jones has advanced funds to the Company for operating expenses. The balance of Mr. Jones’ advances at December 31, 2019 and December 31, 2018 was $17,046 and $20,971, respectively; the balances are included in accounts payable and other accrued liabilities on the consolidated balance sheet. At December 31, 2019 and December 31, 2018, the Company has a payable to Jim Collord of $30,476 and $33,167, respectively, attributed to reimbursement of expenses for the SMMI project. The balances are included in accounts payable and other accrued liabilities on the consolidated balance sheet.

7. Related Party Notes Transactions

12 Months Ended

Dec. 31, 2019

7.Related Party Transactions

In addition to the related parties notes payable discussed in Note 6, the Company had the following related party transactions:

Three of the Company’s officers began deferring compensation for services on April 1, 2015. On July 31, 2018, the Company stopped expensing and deferring compensation for the three Company officers in the interest of marketing the SMMI project. As part of the BeMetals agreement (Note 3), the Company resumed compensation for these officers on May 15, 2019. The officers deferred compensation balances at December 31, 2019 and 2018 represent the balances deferred prior to the BeMetals agreement and are as follows: Eric Jones, President and Chief Executive Officer - $420,000; Jim Collord, Vice President and Chief Operating Officer - $420,000; and Larry Thackery, Chief Financial Officer - $201,500.

The Company engaged Baird Hanson LLP (“Baird”), a company owned by one of the Company’s directors, to provide legal services in 2018. In advance of the BeMetals transaction Mr. Baird withdrew Baird Hanson LLP as counsel to avoid any appearance of a conflict with the then-proposed BeMetals Corp. transaction. During the year ended December 31, 2018, the Company incurred $65,530 in legal expense with Mr. Baird. There was no expense for the year ended in 2019. At December 31, 2019 and December 31, 2018, the balance due to Baird was $216,685 and $241,685, respectfully.

Since 2017, Eric Jones has advanced funds to the Company for operating expenses. The balance of Mr. Jones’ advances at December 31, 2019 and December 31, 2018 was $17,046 and $20,971, respectively; the balances are included in accounts payable and other accrued liabilities on the consolidated balance sheet. At December 31, 2019 and December 31, 2018, the Company has a payable to Jim Collord of $30,476 and $33,167, respectively, attributed to reimbursement of expenses for the SMMI project. The balances are included in accounts payable and other accrued liabilities on the consolidated balance sheet.