RELATED PARTY TRANSACTIONS	9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS For the three and nine months ended September 30, 2014, the Company incurred rent expense of $17,640 and $52,922, respectively, on behalf of St. Luke’s Emergency Associates (“SLEA”). Dr. Paul Bulat, the Company’s founder and Chairman is the President of SLEA. Additionally, as of September 30, 2014, the Company owes SLEA $16,267 and is included in accounts payable and accrued expenses related parties. For the three and nine months ended September 30, 2014, the Company recorded interest expense, stockholder of $1,297 and $3,848, respectively, compared to $1,512 for nine months ended September 30, 2013. As of September 30, 2014, accrued interest of $9,192 is owed to the stockholder and is included in accounts payable and accrued expenses, related parties. Effective on November 1, 2013 (the “Effective date”), the Company appointed Mr. Hollander as the Chief Financial Officer of the Company, and agreed to issue Mr. Hollander or his assigns 520,754 shares of common stock of the Company, and increased the monthly compensation to $8,000. Pursuant to this appointment, Mr. Hollander earned 50% of the additional shares on the nine month anniversary of the Effective Date and will earn 50% on the one year anniversary of the Effective Date. Accordingly, the 520,754 shares of common stock, with a value of $260,377 were recorded as deferred equity compensation and are included in the equity section on the condensed consolidated balance sheet. The Company valued the common stock at $0.50 per share, the same value as the then most recent sales of common stock. The Company is amortizing the deferred equity compensation over the twelve month term, and has included $65,094 and $195,282, respectively, in stock compensation expense for the three and nine months ended September 30, 2014. The balance of $21,698 in deferred equity compensation will be amortized in October 2014. As of September 30, 2014, the balance owed Mr. Hollander related to the monthly compensation is $28,000 and is included in accounts payable and accrued expenses related parties. The Board also agreed to enter into an employment agreement with Mr. Bulat (Chief Innovations Officer) for an annual salary up to $300,000 effective January 1, 2014. The Company and Mr. Bulat agreed to accrue $10,000 per month for the nine months ended September 30, 2014 and agreed to increase the annual compensation to the full amount at a later date. Included in salaries and management fees for the three and nine months ended September 30, 2014, is $30,000 and $90,000, respectively and as of September 30, 2014, $90,000 is included in accounts payable and accrued expenses related party. The board also agreed to compensate Mr. Lane (Chief Executive Officer) up to $250,000 per annum beginning January 1, 2014, however Mr. Lane and the Company have agreed that he will continue to be paid at his previous annual salary of $152,500, and agreed to increase the annual compensation to the full amount at a later date. Included in salaries and management fees for the three and nine months ended September 30, 2014, is $38,126 and $114,295, respectively. As of September 30, 2014, the balance owed Mr. Lane is $21,702 for unpaid salary and is included in accounts payable and accrued expenses related parties. As of September 30, 2014, the Company owes its Chief Technology Officer $90,000 for accrued and unpaid fees and is included in accounts payable and accrued expenses, related parties.

RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2014

NOTE 6 – RELATED PARTY TRANSACTIONS

For the three and nine months ended September 30, 2014, the Company incurred rent expense of $17,640 and $52,922, respectively, on behalf of St. Luke’s Emergency Associates (“SLEA”). Dr. Paul Bulat, the Company’s founder and Chairman is the President of SLEA. Additionally, as of September 30, 2014, the Company owes SLEA $16,267 and is included in accounts payable and accrued expenses related parties.

For the three and nine months ended September 30, 2014, the Company recorded interest expense, stockholder of $1,297 and $3,848, respectively, compared to $1,512 for nine months ended September 30, 2013. As of September 30, 2014, accrued interest of $9,192 is owed to the stockholder and is included in accounts payable and accrued expenses, related parties.

Effective on November 1, 2013 (the “Effective date”), the Company appointed Mr. Hollander as the Chief Financial Officer of the Company, and agreed to issue Mr. Hollander or his assigns 520,754 shares of common stock of the Company, and increased the monthly compensation to $8,000. Pursuant to this appointment, Mr. Hollander earned 50% of the additional shares on the nine month anniversary of the Effective Date and will earn 50% on the one year anniversary of the Effective Date. Accordingly, the 520,754 shares of common stock, with a value of $260,377 were recorded as deferred equity compensation and are included in the equity section on the condensed consolidated balance sheet. The Company valued the common stock at $0.50 per share, the same value as the then most recent sales of common stock. The Company is amortizing the deferred equity compensation over the twelve month term, and has included $65,094 and $195,282, respectively, in stock compensation expense for the three and nine months ended September 30, 2014. The balance of $21,698 in deferred equity compensation will be amortized in October 2014. As of September 30, 2014, the balance owed Mr. Hollander related to the monthly compensation is $28,000 and is included in accounts payable and accrued expenses related parties.

The Board also agreed to enter into an employment agreement with Mr. Bulat (Chief Innovations Officer) for an annual salary up to $300,000 effective January 1, 2014. The Company and Mr. Bulat agreed to accrue $10,000 per month for the nine months ended September 30, 2014 and agreed to increase the annual compensation to the full amount at a later date. Included in salaries and management fees for the three and nine months ended September 30, 2014, is $30,000 and $90,000, respectively and as of September 30, 2014, $90,000 is included in accounts payable and accrued expenses related party. The board also agreed to compensate Mr. Lane (Chief Executive Officer) up to $250,000 per annum beginning January 1, 2014, however Mr. Lane and the Company have agreed that he will continue to be paid at his previous annual salary of $152,500, and agreed to increase the annual compensation to the full amount at a later date. Included in salaries and management fees for the three and nine months ended September 30, 2014, is $38,126 and $114,295, respectively. As of September 30, 2014, the balance owed Mr. Lane is $21,702 for unpaid salary and is included in accounts payable and accrued expenses related parties.

As of September 30, 2014, the Company owes its Chief Technology Officer $90,000 for accrued and unpaid fees and is included in accounts payable and accrued expenses, related parties.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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AMERICAN DOCTORS ONLINE, INC. 10-Q