Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Expenses (Tables)

v3.19.1
Accounts Payable and Accrued Expenses (Tables)
12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses are summarized as follows:

 

    December 31, 2018     December 31, 2017  
             
Accounts payable and accrued expenses   $ 2,096,642     $ 3,678,691 *
Accrued taxes (VAT, Sales, Payroll, etc.)     3,243,806       826,305  
Accrued income taxes     61,790       83,878  
Accrued interest     1,984,268       1,208,378  
    $ 7,386,506     $ 5,797,252  

 

*Amount excludes deferred revenue which is broken out separately on the balance sheet in this 10-K filing.