RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2018

NOTE 6 — RELATED PARTY TRANSACTIONS

Dr. Carr Bettis, Executive Chairman and Chairman of Board of Directors

As of March 31, 2018 and December 31, 2017, the Company owed Dr. Bettis $5,992 in accrued salary. In addition, AudioEye sub-leases office space in Scottsdale, Arizona for certain Company employees, including Todd Bankofier, CEO, from Verus Analytics, Inc, a company in which Dr. Bettis has a controlling interest. The Company had taken on more employees and space, the sub-lease amount increased from $500 per month to $3,502 per month in 2017 totaling $10,507 and $1,500 for the three months ended March 31, 2018 and 2017, respectively. The amount of $0 was due as of March 31, 2018 and December 31, 2017. At March 31, 2018 and December 31, 2017, an estimated $8,475 and $14,000 was due and accrued to Dr. Bettis for unreimbursed travel related expenses, respectively.

Sean Bradley, President, Chief Technology Officer, and Secretary

As of March 31, 2018 and December 31, 2017 and 2016, the Company owed Sean Bradley $0 and $3,543 in accrued salary, respectively.