Electronic Control Security (EKCS)

[flemsnopes]

In September 2011, $94,000 of loans due to officers was converted into common stock. In February 2012, $15,000 of accrued compensation due to an officer was converted into common stock. The amounts due to officers and directors from interest-bearing advances increased in the Fiscal 2012 Period by $104,351 and the accrued compensation and other costs due to officers increased by $225,034. The increases in the amounts due to officers and the conversion of a portion into common stock resulted in additional funds provided to the Company totaling about $438,385.