Note 3 - Related Party Payables | NOTE 3 RELATED PARTY PAYABLES As of June 30, 2016, the Company had related party payables of $2,165,594 which included $1,704,511 to related parties for unpaid consulting fees and other general and administrative expenses and $445,833 for deferred salaries. As of December 31, 2015, the Company had related party payables of $1,841,130 which included $1,570,047 to related parties for unpaid consulting fees and other general and administrative expenses and $255,833 for deferred salaries. The related parties are Champion Toronto, companies owned by Terrance Owen, CFO and Director, and Nanotech Systems, Inc., a company for which Terrance Owen is also the CEO and a Director. The deferred salaries are payable to Garland A. Brown, Jr., CEO, and Mark Conner, COO. In addition, a non-interest bearing loan of $15,250, payable on demand, was provided to CPCC on October 6, 2014, by Terrance Owen, CFO and Director. As of June 30, 2016, this loan had not been repaid and is included in the related party payables in the paragraph above. As disclosed below in Note 4 to these financial statements, we entered into an agreement with Mark H. Conner, COO of the Company, for funding of $25,000. |