Quarterly report pursuant to Section 13 or 15(d)

Accounts Payable and Accrued Expenses

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Accounts Payable and Accrued Expenses
 6 Months Ended
Jun. 30, 2018
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

9. accounts payable and accrued expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    June 30, 2018     December 31, 2017  
             
Accounts payable and accrued expenses   $ 3,288,329     $ 3,408,691  
Accrued taxes (VAT, Sales, Payroll)     1,607,702       1,096,305  
Accrued income taxes     33,027       83,878  
Accrued interest     1,574,190       1,208,378  
    $ 6,503,248     $ 5,797,252