Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses

v3.8.0.1
Accounts Payable and Accrued Expenses
 3 Months Ended
Mar. 31, 2018
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

9. accounts payable and accrued expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    March 31, 2018     December 31, 2017  
             
Accounts payable and accrued expenses   $ 3,097,526     $ 3,408,691  
Accrued taxes (VAT, Sales Payroll)     1,716,171       1,096,305  
Accrued income taxes     71,002       83,878  
Accrued interest     1,420,857       1,208,378  
    $ 6,305,556     $ 5,797,252