Quarterly report pursuant to Section 13 or 15(d)

Related Party

v3.5.0.2
Related Party
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 7 – Related Party
 
On July 14, 2014, the Company’s Board of Directors appointed Howard Yeaton as the Company’s Interim Chief Financial Officer. On July 13, 2015, the Company appointed Brian Sereda as the Company’s Chief Financial Officer (See Note 4), replacing Interim Chief Financial Officer Howard Yeaton. Howard Yeaton is the Managing Principal of Financial Consulting Strategies LLC (“FCS”). During the three and nine months ended September 30, 2016, the Company incurred no fees to FCS in connection with Mr. Yeaton’s services as Interim Chief Financial Officer. During the three and nine months ended September 30, 2015, the Company incurred fees of $2,500 and $61,848, respectively, in connection with Mr. Yeaton’s services as Interim Chief Financial Officer. During the three and nine months ended September 30, 2016, the Company incurred $0 and $13,306, respectively, in fees for other financial advisory and accounting services provided by FCS. During the three and nine months ended September 30, 2015, the Company incurred fees of $28,405 and $67,751, respectively, in fees for other financial advisory and accounting services provided by FCS.