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Related Party Transactions
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9 Months Ended | ||
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Sep. 30, 2013
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| Related Party Transactions [Text Block] |
During the nine months ended September 30, 2013, the Company issued 4,101,844 shares to an officer. 3,768,844 were issued for conversion of $75,000 in notes and accounts payable as discussed in Note 6 and 333,000 were issued that were owed for compensation from prior periods. During the nine months ended September 30, 2012, the Company issued 900,000 shares to officers and directors in lieu of executive compensation. During the nine months ended September 30, 2013, the Company reimbursed an officer approximately $8,967 in connection with travel, lodging and meals. During the nine months ended September 30, 2012, the Company reimbursed an officer $10,996 for a residential lease and related utilities in Wichita, Kansas, which was being used as the corporate offices. The Company also reimbursed the officer approximately $9,810 in connection with travel, lodging and meals. As noted in Note 7, during the year December 31, 2012, the Company authorized the issuance of 767,500 shares of common stock for the conversion of $239,469 of accounts payable balances. As of the September 30, 2013 and December 31, 2012, 84,500 shares were unissued. $173,205 of the accounts payable converted was held by officers/directors of the Company. Subsequent to September 30, 2013, 50,000 of these shares were issued. |