General form of registration statement for all companies including face-amount certificate companies

Accrued Officers' Salary

v3.20.2
Accrued Officers' Salary
12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Accrued Officers' Salary
17. ACCRUED OFFICERS’ SALARY

 

Accrued officers’ salary consists of unpaid salaries for the Company’s Chief Executive Officer, who is also the owner of approximately 13% of the Company’s outstanding shares of Common Stock.

 

As of December 31, 2019, and 2018, accrued officers’ salary amounted to $207,000 and $188,000, respectively.