Annual report pursuant to Section 13 and 15(d)

Accrued Expenses (Tables)

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

Accrued expenses consist of the following:

 

    December 31,
    2018   2017
Accrued host fees   $ 1,216,545     $ 1,657,663  
Accrued professional, board and other fees     159,500       2,683,557  
Accrued wages     493,069       1,016,563  
Accrued commissions     22,300       883,763  
Warranty payable     9,700       171,000  
Accrued taxes payable (Note 16)     556,211       551,190  
Accrued payroll taxes payable     -       632,078  
Accrued interest expense     32,034       347,027  
Accrued lease termination costs (Note 16)     -       300,000  
Accrued settlement reserve costs (Notes 9 and 13)     -       12,980,588  
Dividend payable     -       1,892,800  
Inventory in transit     195,480       -  
Other accrued expenses     22,100       19,115  
Total accrued expenses   $ 2,706,939     $ 23,135,344  

Schedule of Accrued Professional, Board and Other Fees

Accrued professional, board and other fees consist of the following:

 

    December 31,  
    2018     2017  
Investment banking fees   $ -     $ 860,183  
Legal fees related to public offering     -       436,715  
Professional fees     159,500       684,673  
Board fees     -       608,945  
Other     -       93,041  
Total accrued professional, board and other fees   $ 159,500     $ 2,683,557