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Due to Officer
12 Months Ended
Dec. 31, 2014
Due to Officer.  
Due to Officer

 

9.Due to Officer

 

In connection with an employment agreement between the Company and the Company’s former Chief Financial Officer, the Company owed this officer $156,358 in unpaid amounts consisting of consulting fees prior to employment, expenses, salary increases and signing bonus as of December 31, 2013.  Effective as of April 29, 2014, the Company entered into a settlement agreement and release with this officer pursuant to which the parties agreed upon an amount of compensation and other monies owed to the officer from the inception of his work through December 31, 2013 and the Company issued him 59,250 shares of common stock.  No amounts were due to this former officer as of December 31, 2014.