RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
3 Months Ended | |||
---|---|---|---|---|
Jun. 20, 2013 |
Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2015 |
|
Unpaid business expenses | $ 397,411 | $ 396,819 | ||
Employment Agreements [Member] | ||||
Unpaid business expenses | 248,472 | |||
Payment for business expenses | 247,880 | |||
Employment Agreements [Member] | Operating Expense [Member] | ||||
Unpaid business expenses | 54,844 | |||
Employment Agreements [Member] | Inventory Expense [Member] | ||||
Unpaid business expenses | 193,628 | |||
CEO [Member] | Employment Agreements [Member] | ||||
Annual base compensation | $ 120,000 | |||
Minimum annual base salary and compensation | 180,000 | |||
Description of related party transaction |
This contract was to continue unless and until terminated at any time by either the Company or CEO giving two month notice in writing. Such consulting agreement was terminated by mutual agreement as of May 1, 2015 and superseded by an employment agreement effective May 1, 2015. The initial term of employment agreement expires on December 31, 2018, unless earlier terminated by either party. The agreement provides for automatic one-year renewals, unless either party gives notice of their intention not to extend at least 90 days prior to the expiration of any term. |
|||
Description of amount equal to base salary |
An amount equal to 200% of the base salary. |
|||
Compensation expense | 45,000 | $ 0 | ||
Consulting fees | 0 | 30,000 | ||
Deferred compensation | 394,000 | 349,000 | ||
Unpaid business expenses | 247,880 | |||
Secretary And Director [Member] | Employment Agreements [Member] | ||||
Annual base compensation | $ 60,000 | |||
Minimum annual base salary and compensation | 80,000 | |||
Description of related party transaction |
This contract was to continue unless and until terminated at any time by either the Company or Secretary giving two month notice in writing. The Secretary is the spouse of the CEO. Such consulting agreement was terminated by mutual agreement as of May 1, 2015 and superseded by an employment agreement effective May 1, 2015. The initial term of employment agreement expires on December 31, 2018, unless earlier terminated by either party. The agreement provides for automatic one-year renewals, unless either party gives notice of their intention not to extend at least 90 days prior to the expiration of any term. |
|||
Description of amount equal to base salary |
An amount equal to 50% of the base salary. |
|||
Compensation expense | 20,000 | 0 | ||
Consulting fees | 0 | $ 15,000 | ||
Deferred compensation | $ 187,000 | $ 167,000 |