L. Related Party Transactions |
3 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | At September 30, 2016 and June 30, 2016, the Company had a note due from American Citizenship Center, LLC (“ACC”), a related party, with a gross balance of $295,400 which has been fully reserved. During the current quarter, the Company billed ACC a total of approximately $7,100 for interest of which $2,300 is unpaid at September 30, 2016.
At September 30, 2016 and June 30, 2016, the Company had accrued board fees in the total amount of $28,000 and $14,000, respectively.
At September 30, 2016 and June 30, 2016, the Company had accrued deferred compensation of $58,400 payable to John Carlson, the Company’s Chief Executive Officer and a Director of the Company. |