Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables):

Schedule of an outstanding liability to its Chief Executive Officer ("CEO") as follows (Tables)

The Company had an outstanding liability to its Chief Executive Officer ("CEO") as follows:

		June 30, 2016		December 31, 2015
Accrued salaries and benefits	$	749,741	$	737,878
Accrued incentive fee and bonus		190,581		190,581
Accrued retirement and other benefits		452,747		448,415
Offset by shareholder advance		(697,952)		(892,502)
	$	695,117	$	484,372