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, 2017
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, 2017     December 31, 2016  
             
Accounts payable and accrued expenses   $ 3,853,691     $ 3,807,880  
Accrued taxes (VAT, Sales Payroll)     826,305       988,056  
Accrued income taxes     83,878       71,713  
Accrued interest     1,208,378       685,419  
    $ 5,972,252     $ 5,553,068