Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions

v2.4.0.8
Related Party Transactions
3 Months Ended
Jun. 30, 2013
Notes  
Related Party Transactions

9.  RELATED PARTY TRANSACTIONS:

 

During the three and six months ended June 30, 2013, the Company paid consulting fees of $47,400 and $94,800, respectively to Richard Giles, a founder, stockholder and former director of the Company.  During the three and six months ended June 30, 2012 the Company paid consulting fees of $37,700 and $75,400, respectively to Richard Giles.  There were no other payments to related parties during the three months ended June 30, 2012.  During the six months ended June 30, 2012 the company also paid consulting fees of $12,500 to Larry Griffin, a founder, and former executive officer of the Company.