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Royalties | 12 Months Ended
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Dec. 31, 2016
Royalties [Abstract] |
Royalties |
8. | Royalties
The Company was subject to a royalty agreement based upon sales of certain skin care products. The agreement required the Company to pay a royalty based upon 8% of such sales, up to $227,175. During the year ended December 31, 2015 the Company’s sales reached the maximum amount under which the Company was required to pay a royalty under this agreement. Royalty expense amounted to $-0- and $20,157 for the years ended December 31, 2016 and 2015, respectively. During December 2015, the Company’s President who had a 60% interest in the royalties, converted royalties payable under the agreement in the amount of $84,868 to 499,225 shares of Company stock at $0.17 cents per share. Included in accounts payable and accrued expenses at December 31, 2016 and 2015 was $56,579 in regards to this agreement.

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- Definition The entire disclosure for royalty agreement during the reporting period. + References No definition available. + Details
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