Annual report pursuant to Section 13 and 15(d)

Accrued salary, accrued retirement and incentive fee - related party (Details)

v3.8.0.1
Accrued salary, accrued retirement and incentive fee - related party (Details) - USD ($)
Dec. 31, 2016
Jun. 12, 2014
Jan. 02, 2014
Accrued salary, accrued retirement and incentive fee - related party      
Company agreed to advance the CEO against the accrued liabilities     $ 944,000
CEO put his shares owned in an escrow   100.00%  
Shares in an escrow   5,000,486  
Incentive fee increase in market capitalization   1.00%  
Book value at confirmation bankruptcy   $ 260,000  
Bonus increase in market capitalization   0.50%  
1.00 Increase in stock price up to a maximum per share   $ 8  
Bid price of stock beyond the book value at confirmation of bankruptcy   4.00%  
Accrued incentive fee and bonus expense $ 190,581    
Shares were placed under a 10b5-1 Plan under third party control   $ 135,000