Quarterly report pursuant to Section 13 or 15(d)

Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)

v3.5.0.2
Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)
6 Months Ended
Jun. 30, 2016
Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables):  
Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)

The Company had an outstanding liability to its Chief Executive Officer ("CEO") as follows:

 

June 30,

2016

December 31,

2015

 

Accrued salaries and benefits

$

749,741

$

737,878

Accrued incentive fee and bonus

 

190,581

 

190,581

Accrued retirement and other benefits

452,747

448,415

Offset by shareholder advance

(697,952)

(892,502)

$

695,117

$

484,372