Note E - Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2017 | |
| Notes | |
| Note E - Related Party Transactions | Note E Related Party Transactions
We incur various consulting, management, and software licensing expenses with our officers, directors, and companies owned by our officers and directors. During the three months ended March 31, 2017, we incurred $124,500 with these individuals and companies, resulting in $179,512 and $71,006 payable at March 31, 2017 and December 31, 2016, respectively.
An entity controlled by Mark Bogani, a former officer and Director, acts as our transfer agent. We incurred fees with the transfer agent totaling $548 during the three months ended March 31, 2017, resulting in $0 and $1,240 payable at March 31, 2017 and December 31, 2016, respectively.
We have various notes payable outstanding with related parties as detailed in Note C. |