Commitments and Contingencies Disclosure	12 Months Ended
Dec. 31, 2020
Notes
Commitments and Contingencies Disclosure	7. Commitments and Contingencies *Consultants* The Company entered into an agreement with Thomas Telegades, Chief Executive Officer, Interim Chief Financial Officer, and Director of the Company, under which Mr. Telegades shall serve on a full-time basis as Chief Executive Officer for a three year term beginning on May 15, 2013, which was renewed on May 15, 2016 and again on May 15, 2019. The agreement includes non-competition and non-solicitation provisions which expire the later of three years from May 15, 2019, or one year following his termination or voluntary resignation. The Company entered into an agreement with Peter Fazio, the Chief Operating Officer and Director of the Company, under which Mr. Fazio shall serve on a full-time basis as Chief Operating Officer of the Company for a three year term beginning on May 15, 2013, which was renewed on May 15, 2016 and again on May 15, 2019. The agreement includes non-competition and non-solicitation provisions which expire the later of three years from May 15, 2019, or one year following his termination or voluntary resignation. The Company entered into an agreement with Gramercy Ventures LLC (“Gramercy”), under which the manager of Gramercy, James Valentino, who is also one of the directors of the Company, serves as consultant to and non-executive Chairman of the Board of the Company for a three year term beginning on July 1, 2014, which was renewed on July 1, 2017 and again on July 1, 2020. This agreement includes non-competition and non-solicitation provisions which expire the later of three years from July 1, 2020, or one year following his termination or voluntary resignation. The Company entered into an agreement with Wallace Baker, a director of the Company, under which Mr. Baker serves on a full-time basis as Chief Administrative Officer and Secretary of the Company for a three year term beginning on July 1, 2014, which was renewed on July 1, 2017 and again on July 1, 2020. This agreement includes non-competition and non-solicitation provisions which expire the later of three years from July 1, 2020, or one year following his termination or voluntary resignation. For 2020 and 2019, no amounts were paid to these officers nor were any amounts accrued. The Company’s operations and financial performance has been materially affected by the coronavirus outbreak which spread globally and has adversely affected economic conditions throughout the world. The outbreak has been of long duration, causing the Company to experience disruptions in operations as well as a decline in revenue activities. The lingering effects of the outbreak may continue to adversely affect the Company’s business, financial conditions, and results of operations.

Commitments and Contingencies Disclosure

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure

7. Commitments and Contingencies

Consultants

The Company entered into an agreement with Thomas Telegades, Chief Executive Officer, Interim Chief Financial Officer, and Director of the Company, under which Mr. Telegades shall serve on a full-time basis as Chief Executive Officer for a three year term beginning on May 15, 2013, which was renewed on May 15, 2016 and again on May 15, 2019. The agreement includes non-competition and non-solicitation provisions which expire the later of three years from May 15, 2019, or one year following his termination or voluntary resignation.

The Company entered into an agreement with Peter Fazio, the Chief Operating Officer and Director of the Company, under which Mr. Fazio shall serve on a full-time basis as Chief Operating Officer of the Company for a three year term beginning on May 15, 2013, which was renewed on May 15, 2016 and again on May 15, 2019. The agreement includes non-competition and non-solicitation provisions which expire the later of three years from May 15, 2019, or one year following his termination or voluntary resignation.

The Company entered into an agreement with Gramercy Ventures LLC (“Gramercy”), under which the manager of Gramercy, James Valentino, who is also one of the directors of the Company, serves as consultant to and non-executive Chairman of the Board of the Company for a three year term beginning on July 1, 2014, which was renewed on July 1, 2017 and again on July 1, 2020. This agreement includes non-competition and non-solicitation provisions which expire the later of three years from July 1, 2020, or one year following his termination or voluntary resignation.

The Company entered into an agreement with Wallace Baker, a director of the Company, under which Mr. Baker serves on a full-time basis as Chief Administrative Officer and Secretary of the Company for a three year term beginning on July 1, 2014, which was renewed on July 1, 2017 and again on July 1, 2020. This agreement includes non-competition and non-solicitation provisions which expire the later of three years from July 1, 2020, or one year following his termination or voluntary resignation.

For 2020 and 2019, no amounts were paid to these officers nor were any amounts accrued.

The Company’s operations and financial performance has been materially affected by the coronavirus outbreak which spread globally and has adversely affected economic conditions throughout the world. The outbreak has been of long duration, causing the Company to experience disruptions in operations as well as a decline in revenue activities. The lingering effects of the outbreak may continue to adversely affect the Company’s business, financial conditions, and results of operations.