Related Party Transactions

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

Related Party Transactions [Text Block]

6. Related Party Transactions

Board of Directors Compensation

For the year ended December 31, 2023, total cash compensation paid to the Board of Directors amounted to $14,050. However, in an effort to conserve financial resources, the Board of Directors has suspended its compensation during the year ended December 31, 2024.

Deferred Compensation

As of December 31, 2024, and December 31, 2023, the balances of the total deferred compensation for the officers, are as follows, Eric Jones, President and Chief Executive Officer: $469,500; Jim Collord, Vice President and Chief Operating Officer: $420,000; Larry Thackery, Chief Financial Officer: $215,125. The total deferred compensation for these officers at December 31, 2024 and December 31, 2023 was $1,104,625.