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10. Payable to Officer
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Working Capital    
NOTE 10 - Payable to Officer

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.

The amounts payable to an officer and a former officer pursuant to their employment agreements:

 

    December 31,     December 31,  
    2013     2012  
Officer pursuant to employment agreement   $ 156,358     $ 156,358  
Promissory note to former officer           55,000  
    $ 156,358     $ 211,358  

 

In connection with the 2010 employment agreement for its then Senior Vice President and Chief Operating Officer, the Company owed this former officer $55,000, which is the remaining portion of a promissory note assumed by the Company in connection with this employment agreement. This liability was transferred to a third party during 2013. 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.