Annual report pursuant to Section 13 and 15(d)

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

v2.4.1.9
Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)
12 Months Ended
Dec. 31, 2014
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)

As of December 31, 2014 and 2013, the Company had an outstanding liability to its Chief Executive Officer ("CEO") as follows:

 

2014

2013

 

Accrued salaries and benefits

$       716,055

$       900,238

Accrued incentive fee and bonus

 

190,581

 

-

Accrued retirement and other benefits

439,751

431,087

Offset by shareholder advance

(1,073,405)

(136,000)

$       272,982

$    1,195,325