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15. Related Party Transactions

12 Months Ended

Dec. 31, 2015

The Company’s President and Chairman, John Lawrence, rents equipment and an aircraft to the Company and charges the Company for lodging and meals provided to consultants, customers and other parties by an entity that Mr. Lawrence owns. Transactions due to (due from) Mr. Lawrence during 2015 and 2014 were as follows:

	2015			2014
Balance, beginning of year	$	8,357		$	15,549
Aircraft rental charges		30,867			30,561
Payments and advances, net		(6,828	)		(37,753	)
Balance, end of year	$	32,396		$	8,357

In addition, during 2014, Mr. Lawrence loaned the Company $65,300 for short-term operating capital and was paid back without interest during 2014.

- 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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