15. Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

The Company’s President and Chairman, John Lawrence, rents equipment and an aircraft to the Company and charges the Company for lodging and meals provided to consultants, customers and other parties by an entity that Mr. Lawrence owns.

Transactions due to (due from) Mr. Lawrence during 2014, 2013, and 2012 were as follows:

	2014			2013			2012
Balance, beginning of year	$	15,549		$	17,522		$	47,843
Aircraft and equipment rental charges, and other		30,561			65,502			74,490
Payments, net		(37,753	)		(67,475	)		(104,811	)
Balance, end of year	$	8,357		$	15,549		$	17,522

In addition, during 2014, Mr. Lawrence loaned the Company $65,300 for short-term operating capital and was paid back without interest during 2014.

The Chairman of the audit committee and compensation committee received $36,000 in cash during 2014 and 2013 for services performed. The Chairman of the audit committee and compensation committee and one other audit committee member received a total of $56,000 in cash during 2012 for services performed.

In addition to the transactions described above, during 2014, 2013, and 2012, the Company had the following transactions with related parties:

●   During 2014, 2013, and 2012, the Company paid $82,505, $81,642, and $89,204, respectively, to a former director for development of Mexican mill sites and consulting fees.