Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Expenses

v2.4.1.9
Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Accounts Payable and Accrued Expenses

12. ACCOUNTS PAYABLE AND ACCRUED Expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    December 31,  
    2014     2013  
             
Accounts payable   $ 3,382,818     $ 1,673,933  
Accrued taxes (VAT, GST, Sales Payroll)     1,604,829       636,568  
Accrued income taxes     92,618       15,776  
Accrued interest     499,866       97,384  
    $ 5,580,131     $ 2,423,661