NOTE 4: RELATED PARTY TRANSACTIONS |
3 Months Ended |
|---|---|
Mar. 31, 2015 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions Disclosure [Text Block] |
NOTE 4: RELATED PARTY TRANSACTIONS
During the three months ended March 31, 2015, the company borrowed an aggregate of $50,000 from an officer. The note attracts 0% interest and is to be repaid when adequate funding is in place. During the three months to March 31, 2015 $38,600 was repaid of this loan leaving a balance of $11,400 outstanding as at March 31, 2015.
Accruals for salary and bonuses to officers and directors are included in accrued liabilities in the balance sheet and totaled $2,247,194 and $1,998,337 as of March 31, 2015 and December 31, 2014, respectively.
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