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

9 Months Ended

Sep. 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:

		September 30, 2016		December 31, 2015
Accrued salaries and benefits	$	755,369	$	737,878
Accrued incentive fee and bonus		190,581		190,581
Accrued retirement and other benefits		454,913		448,415
Offset by shareholder advance		(655,340)		(892,502)
	$	745,523	$	484,372