Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses

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Accounts Payable and Accrued Expenses
 6 Months Ended
Jun. 30, 2017
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

9. accounts payable and accrued expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    June 30,2017     December 31, 2016  
             
Accounts payable and accrued expenses   $ 3,675,139     $ 3,807,880  
Accrued taxes (VAT, Sales Payroll)     879,254       988,056  
Accrued income taxes     134,828       71,713  
Accrued interest     351,475       685,419  
    $ 5,040,696     $ 5,553,068