| Schedule of Deferred Incentive Compensation to Officers |
| Note |
|
Date |
|
Payment Date |
|
Balance at
March 31, 2021 |
|
|
Balance at
December 31, 2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Rory Cutaia (A) |
|
December 23, 2019 |
|
50% on January 10, 2021 and 50% on January 10, 2022 |
|
$ |
215,000 |
|
|
$ |
430,000 |
|
| Rory Cutaia (B) |
|
December 23, 2019 |
|
50% on January 10, 2021 and 50% on January 10, 2022 |
|
|
161,000 |
|
|
|
324,000 |
|
| Jeff Clayborne (A) |
|
December 23, 2019 |
|
50% on January 10, 2021 and 50% on January 10, 2022 |
|
|
125,000 |
|
|
|
125,000 |
|
| Jeff Clayborne (B) |
|
December 23, 2019 |
|
50% on January 10, 2021 and 50% on January 10, 2022 |
|
|
163,000 |
|
|
|
163,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
664,000 |
|
|
|
1,042,000 |
|
| Non-current |
|
|
|
|
|
|
- |
|
|
|
(521,000 |
) |
| Current |
|
|
|
|
|
$ |
664,000 |
|
|
$ |
521,000 |
|
| (A) |
On December 23, 2019, the Company awarded Rory Cutaia,
Chief Executive Officer and Jeff Clayborne, Chief Financial Officer Annual Incentive Compensation of $430,000 and $125,000, respectively
for services rendered. The Company has determined that it is in its best interest and in the best interest of its stockholders to defer
payments to the Employees. The Company will pay 50% of the Annual Incentive Compensation on January 10, 2021 and the remaining 50% on
January 10, 2022.
On January 12, 2021, the Company paid $215,000 and
paid the remaining $63,000 due subsequent to March 31, 2021.
|
| |
|
| (B) |
On December 23, 2019, the Company awarded Rory Cutaia,
Chief Executive Officer and Jeff Clayborne, Chief Financial Officer received a bonus for the successful Up-Listing to Nasdaq and Acquisition
of Verb Direct during fiscal 2019, totaling $324,000 and $163,000, respectively. The Company has determined that it is in its best interest
and in the best interest of its stockholders to defer payments to the Employees. The Company will pay 50% of the Nasdaq Up-Listing Award
on January 10, 2021 and the remaining 50% on January 10, 2022.
On January 12, 2021, the Company paid $163,000 and
paid the remaining $81,000 due subsequent to March 31, 2021.
|
|