Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.8.0.1
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mr. Joseph Segelman [Member] | Consulting Agreement [Member]    
Description of consulting agreement

The Company previously had a consulting agreement with its CEO under which he was compensated $120,000 per annum. Beginning June 20, 2013, 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 Such consulting agreement was terminated by mutual agreement as of May 1, 2015 and superseded by the employment agreement effective May 1, 2015.

 
Consulting fees $ 120,000  
Deferred compensation 214,000  
Mr. Joseph Segelman [Member] | Employment Agreements [Member]    
Minimum annual base salary and compensation $ 180,000  
Description of amount equal to base salary

An amount equal to 200% of the base salary.

 
Agreement expiration date Dec. 31, 2018  
Compensation expense $ 45,000 $ 45,000
Deferred compensation included in Accrued Compensation 709,000  
Deferred compensation 495,000  
Employee benefits 3,608 3,600
Secretary [Member] | Consulting Agreement [Member]    
Deferred compensation 113,667  
Secretary [Member] | Employment Agreements [Member]    
Consulting fees 60,000  
Minimum annual base salary and compensation $ 80,000  
Description of amount equal to base salary
An amount equal to 50% of the base salary.
 
Agreement expiration date Dec. 31, 2018  
Compensation expense $ 20,000 20,000
Deferred compensation included in Accrued Compensation 347,000  
Deferred compensation 233,333  
Employee benefits $ 1,802 $ 1,790