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Severance Liability

12 Months Ended

Dec. 31, 2015

6. Severance Liability

In August of 2015 we agreed to provide a terminated employee a lump sum payment $15,000 and six months of medical coverage payments which will end March 2, 2016.

As of December 31, 2015 $5,900 remained outstanding associated with this severance liability.

In July of 2014 we agreed to provide a terminated employee a lump sum salary payment and 4 months of medical coverage payments which ended December 31, 2014.

As of December 31, 2014 $0 remained outstanding associated with these severance liabilities.

The following table summarizes the salary continuation and medical coverage payments during the period ended December 31, 2015.

	Compensation		Medical Coverage			Total
Balance at December 31, 2014	$	—		—		$	—
Separation agreement entered into in 2015		—		17,700			17,700
Accrued interest		—		—			—
Payments		—		(11,800	)		(11,800	)
Balance at December 31, 2015	$	—	$	5,900		$	5,900

	Compensation			Medical Coverage			Total
Balance at December 31, 2013	$	62,900			—		$	62,900
Separation agreement entered into in 2015		37,500			10,600			48,100
Accrued interest		1,700			—			1,700
Payments		(102,100	)		(10,600	)		(112,700	)
Balance at December 31, 2014	$	—			—		$	—