"Included in the Company’s balance sheets at June 30, 2017 and December 31, 2016 are Related Party Payables of $718,000 and $640,000, respectively. The Company has a payable of $668,000 and $640,000, at June 30, 2017 and December 31, 2016 owed to Dr. Carl Kukkonen, CTO. Of the amount owed to Dr. Kukkonen, there is a cash component totaling $164,000 and a common stock component totaling $504,000. Dr. Kukkonen deferred a portion of his 2009, 2010 and 2011 stock awards and is entitled to the following unregistered shares of Company common stock at June 30, 2017: 11,195,707 shares for deferred 2009 compensation; 8,467,939 shares for deferred 2010 compensation; and 24,730,678 shares for deferred 2011 compensation. The Company also owes CEO Haris Basit $50,000 at June 30, 2017, representing salary earned but not paid."
Per the most recent 10-Q. These are the only debt.
"...owed to Dr. Kukkonen..." That's funny. He's the one who OWES shareholders.
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