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

3 Months Ended

Mar. 31, 2017

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 Chet Billingsley, its Chief Executive Officer (“CEO”), as follows:

		March 31, 2017		December 31, 2016
Accrued salaries and benefits	$	759,701	$	759,701
Accrued incentive fee and bonus		366,578		190,581
Accrued retirement and other benefits		457,079		457,079
Offset by shareholder advance		(293,493)		(368,983)
	$	1,289,865	$	1,038,378