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11. Payable to Officer and Former Officer | 9 Months Ended
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Sep. 30, 2013
Working Capital |
NOTE 11 - Payable to Officer and Former Officer | The amounts payable to an officer and a former officer pursuant to their employment agreements:
|  | September 30, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Officer pursuant to employment agreement |  | $ | 156,358 |  |  | $ | 156,358 |
Promissory note to former officer |  |  | 55,000 |  |  |  | 55,000 |
|  | $ | 211,358 |  |  | $ | 211,358 |
In connection with the 2010 employment agreement for its then Senior Vice President and Chief Operating Officer, the Company owes this former officer $55,000, which is the remaining portion of a promissory note assumed by the Company in connection with this employment agreement. In connection with the 2010 employment agreement for the Company’s Chief Financial Officer, the Company owes this officer $156,358 for unpaid amounts consisting of consulting fees prior to employment, expenses, salary increases and signing bonus.

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