AccelPath, Inc. - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - December 9, 2011

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10-Q/A - TECHNEST HOLDINGS, INC. - FORM 10-Q/A - AccelPath, Inc.tn_10qz.htm
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RELATED PARTY TRANSACTIONS
 3 Months Ended
Sep. 30, 2011
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

15.  RELATED PARTY TRANSACTIONS

 

Compensation

 

AccelPath made monthly payments of $10,000 each to certain Managing Members as compensation for services performed.   On March 4, 2011, one of the Managing Members resigned (see Note 9) and is no longer receiving this monthly payment. Two Managing Members continued to receive this compensation. No written agreements are currently in place related to these payments.

 

AccelPath recognized $60,000 and $80,000 of expense for these monthly payments during the three months ended September 30, 2011 and 2010, respectively.  At September 30, 2011, $65,000 of unpaid monthly payments is recorded as accrued compensation.

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