Related Party Transactions |
3 Months Ended |
---|---|
Mar. 31, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions |
Note 7 – Related Party Transactions
One executive of the Company has entered into note payable agreements with the Company. The balance of notes payable from related parties at March 31, 2018 is $270,000.
As of March 31, 2018 and December 31, 2017, the balance of executives’ deferred compensation is $946,425 and $922,425, respectively.
From time-to-time executives of the Company advance monies to the Company to cover costs. During the three months ended March 31, 2018, executives advanced $60,000 of funds to the Company and received payments of $82,000 resulting in a $0 balance of short-term advances due to executives at March 31, 2018. |