Other Related Party Transactions |
9 Months Ended |
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Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Other Related Party Transactions |
Note 9– Other Related Party Transactions
Wilshire Energy Partners, LLC
Wilshire Energy Partners, LLC, is controlled by Kevin J. Sylla, our Executive Chairman and Chief Executive Officer of FPI, and has been determined to be a Related Party. During the nine months ended September 30, 2019 and 2018, Wilshire advanced the Company $0 and $181,083 for operating purposes and the Company repaid $22,287 and $43,176, respectively.
As of September 30, 2019, and December 31, 2018, total amount due to officers and directors were $1,164,606 and $687,770. |
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- Definition Other related party transactions [Text Block] No definition available.
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- References No definition available.
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