Annual report pursuant to Section 13 and 15(d)

ACCRUED OFFICERS??? SALARY

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ACCRUED OFFICERS’ SALARY
12 Months Ended
Dec. 31, 2021
Accrued Officers Salary  
ACCRUED OFFICERS’ SALARY

 

8. ACCRUED OFFICERS’ SALARY

 

Accrued officers’ salary consists of unpaid salaries for the Company’s Chief Executive Officer and former Chief Financial Officer, who are also the owners of approximately 6.6% of the Company’s outstanding shares of common stock.

 

As of December 31, 2021, and 2020, accrued officers’ salary amounted to $1,209,000 and $822,000, respectively.