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Thursday, March 21, 2019 2:46:19 PM
3.Amounts Due Related Party
The amounts due related party represent amounts due to the Company’s CEO, Steve Berman, as follows:
At January 31,2019 At October 31,2018
Accrued but unpaid compensation $ 300,763 $ 240,763
Unreimbursed business expenses paid by the CEO 353,787 236,412
Accrued but unpaid sales commissions 1,001,186 822,620
5% loans to the Company, together with accrued interest thereon 909,244 774,711
Total currently due $ 2,564,980 $2,074,506
Unpaid consideration to acquire 51% interest in FMS 2,000,000 2,000,000
Total non-currently due $ 2,000,000 $2,000,000
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