v3.8.0.1
Note E - Related Party Transactions
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2017 we incurred $133,006 and $257,506, respectively, with these individuals and companies, resulting in $288,018 and $71,006 payable at June 30, 2017 and December 31, 2016, respectively.

 

An entity controlled by Mark Bogani, a former officer and director, acts as our transfer agent. We incurred transfer agent fees totaling $3,332 and $3,880 in fees as during the three and six months ended June 30, 2017, respectively, resulting in a total amount due of $550 and $1,240 at June 30, 2017 and December 31, 2016, respectively.

 

We have various notes payable outstanding with related parties as detailed in Note C.