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Related Party Transactions | 12 Months Ended
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Dec. 31, 2018
Related Party Transactions [Abstract] |
Related Party Transactions | NOTE 13 – Related Party Transactions On September 10, 2018 Mr. Cola submitted notice to the Company of his resignation effective October 10, 2018. As a result, Mr. Cola was entitled to receive the severance and other benefits described under Section 10 of the Employment Agreement. As of October 10, 2018, the Company determined the total cost of the continuation to be $224,818 and recognized that amount as severance expense and a severance obligation. Through December 31, 2018, the Company has paid out $40,862 of the obligation and has a remaining obligation of $183,956 that is scheduled to be paid out in nineteen semi-monthly installments of $9,367 through October 1, 2019 and a final $5,983 installment on October 15, 2019. Effective October 10, 2018 the Company entered into a one-year Consulting Agreement with Mr. Cola as an independent contractor to provide non-exclusive consulting services to the Company on as an-needed basis at the rate of $250 per hour. The agreement provides that as long as the Consulting Agreement remains in effect, the stock options of the Company held by Mr. Cola shall remain exercisable and continue to vest in accordance with the terms of the Consultants existing stock options agreements of the Company. Through December 31, 2018, Mr. Cola has $2,678 in payment for services rendered under the Consulting Agreement.

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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 + Details
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