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Re: None

Thursday, 05/14/2015 1:15:01 PM

Thursday, May 14, 2015 1:15:01 PM

Post# of 20361
And this?

The Company has paid stock based compensation, to its Chief Executive Officer totaling $1,140,000 and $1,295,000 during the three month periods ending March 31, 2015 and 2014, respectively. However, the Company has not paid the related payroll taxes, consisting primarily of Social Security and Medicare taxes. As a result, the Company has established an accrued liability for the related taxes, along with the estimated interest and penalties of $540,993 and $479,567 at March 31, 2015 and December 31, 2014, respectively.


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