Quarterly report pursuant to Section 13 or 15(d)

Note 13 - RELATED PARTY TRANSACTIONS

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Note 13 - RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Note 13 - RELATED PARTY TRANSACTIONS

The Company has an arrangement with Terranautical Global Investments (“TGI”). TGI is a company controlled by Jorge Andrade that provides consulting services to the Company. There is no formal agreement between the parties and the amount of remuneration is $6,250 per month. During the three months ended March 31, 2014 and 2013, the Company incurred $12,500 and $46,667 as consulting fees, respectively. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $165,350 and $162,850, respectively.

 

The Company has an arrangement with Premier Aftercare Recovery Service, (“PARS”). PARS is a Company controlled by Neil Muller that provides consulting services to the Company. There is no formal agreement between the parties and the amount of remuneration is $6,250 per month. During the March 31, 2014 and 2013, the Company incurred $12,500 and $46,667 as consulting fees and expense reimbursements. During the year ended December 31, 2012, the Company incurred $46,667 as consulting fees and expense reimbursements. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $129,959 and $142,459, respectively.

 

The Company has an arrangement with Felix Financial Enterprises (“FFE”). FFE is a Company controlled by Lourdes Felix that provides consulting services to the Company. There is no formal agreement between the parties and the amount of remuneration is $6,250 per month. During the three March 31, 2014 and 2013, the Company incurred $12,500 and $-0- as consulting fees, respectively. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $75,390 and $105,390, respectively.

 

West Coast Health Consulting, Inc. is a company controlled by Jorge Andrade that previously provided consulting services to the Company. During the three months ended March 31, 2014 and 2013, the Company incurred $-0- and $-0- as consulting fees, respectively. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $-0- and $-0-, respectively.

 

The Company has an arrangement with Brady Granier. There is no formal agreement between the parties and the amount of remuneration is $6,250 per month. For the three months ended March 31, 2014 and 2013, $18,750 and $-0- in consulting fees were incurred, respectively. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $71,390 and $72,640, respectively.

 

The Company has an arrangement with Kent Emry. There is no formal agreement between the parties and the amount of remuneration is $6,250 per month. For the three months ended March 31, 2014 and 2013, $18,750 and $-0- in consulting fees were incurred, respectively. As of March 31, 2014 and December 31, 2013, there was an unpaid balance of $51,189 and $26,189, respectively.