Related Party Transactions

3 Months Ended

Mar. 31, 2015

14.

Related Party Transactions

2015

During the period January 1, 2015 through March 31, 2015, the Company repaid $36,250 to its former CEO from related advances.

2014

During the period January 1, 2014 through March 31, 2014, the Company repaid $57,500 to its former CEO from related advances.

During the period January 1, 2014 through March 31, 2014, the Company repaid $107,500 to its CFO from related advances.

During the period January 1, 2014 through March 31, 2014, the Company paid consulting fees in the amount of $37,000 to the brother of its then CEO.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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