Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses

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Accounts Payable and Accrued Expenses
 3 Months Ended
Mar. 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:

 

    March 31, 2017     December 31, 2016  
             
Accounts payable and accrued expenses   $ 3,901,520     $ 3,807,880  
Accrued taxes (VAT, Sales Payroll)     816,266       988,056  
Accrued income taxes     16,416       71,713  
Accrued interest     531,164       685,419  
    $ 5,265,366     $ 5,553,068