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RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	(11) RELATED PARTY TRANSACTIONS As of June 30, 2019, the Company employs Mr. Martin Sandgaard, son of Thomas Sandgaard. Total compensation for Martin Sandgaard was $21,000 and $47,000 for the three and six months ended June 30, 2019, respectively.  Mr. Sandgaard’s compensation for the three and six months ended June 30, 2018 was $21,000 and $46,000, respectively. To meet Mr. Sandgaard’s obligation to his former wife under a settlement agreement, the Company, during the fourth quarter of 2015, entered into a three-year employment arrangement totaling $100,000 per year with Mr. Joachim Sandgaard. During the three and six months ended June 30, 2018, total compensation paid to Joachim Sandgaard was $25,000 and $54,000. Joachim Sandgaard’s employment with the Company ceased during December 2018.

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- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745

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