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

12 Months Ended

Dec. 31, 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)

As of December 31, 2016 and 2015, the Company had an outstanding liability to its Chief Executive Officer ("CEO") as follows:

		2016		2015
Accrued salaries and benefits	$	759,701	$	737,878
Accrued incentive fee and bonus		190,581		190,581
Accrued retirement and other benefits		457,079		448,415
Offset by shareholder advance		(368,983)		(892,502)
	$	1,038,378	$	484,372