Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Expenses

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Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

10. ACCOUNTS PAYABLE AND ACCRUED Expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    December 31, 2016     December 31, 2015  
             
Accounts payable and accrued expenses   $ 3,807,880     $ 3,547,174  
Accrued taxes (VAT, Sales Payroll)     988,056       784,842  
Accrued income taxes     71,713       27,709  
Accrued interest     685,419       380,406  
    $ 5,553,068     $ 4,740,131