SideChannel Inc (SDCH)

[vCISO]

Wonder if the cfo is a little disgruntled......

"Terminated Employment Agreement with Former Chief Financial Officer

The Company previously had an employment agreement with its Chief Financial Officer, which terminated in 2015. There were amounts that were accrued and unpaid as of March 31, 2018 and September 30, 2017, totaling $363,820 and $338,437, respectively. According to the original agreement, the unpaid salaries were to accrue interest at 15%, which has been accrued at each reporting date. Interest expense was $12,692 and $25,383 during the three and six months ended March 31, 2018, respectively. Management believes that such amounts were previously satisfied through the issuance of common stock and does not intend to pay such amounts."