Friday, August 01, 2014 8:09:13 PM
"Mr. Hawatmeh did not receive cash payments for his salary or bonus during the 2012 and 2013 fiscal years. His salary and bonus expense have been accrued. Of the amounts reported for 2012 and 2013, $345,000 was accrued by us and $120,000 was accrued by our variable interest subsidiary, Play Beverages, LLC, respectively."
"Under our Forbearance Agreement with our principal secured lender, YA Global Investments, L.P., all cash amounts payable to Mr. Hawatmeh in excess of an aggregate of $120,000 per year is accrued and will not be paid until the obligation due YA Global is paid."
At some point Mr. Iehab will get his money - he will make sure he pays himself.
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