| Schedule of Accrued Expenses |
Accrued expenses consist of the following:
| |
|
September 30, 2016 |
|
|
December 31, 2015 |
|
| |
|
(unaudited) |
|
|
|
|
| Registration rights penalty |
|
$ |
916,875 |
|
|
$ |
728,750 |
|
| Accrued consulting fees |
|
|
505,300 |
|
|
|
916,925 |
|
| Accrued host fees |
|
|
1,256,756 |
|
|
|
873,544 |
|
| Accrued professional, board and other fees |
|
|
1,338,265 |
|
|
|
1,069,341 |
|
| Accrued wages |
|
|
188,622 |
|
|
|
187,779 |
|
| Accrued commissions |
|
|
400,000 |
|
|
|
- |
|
| Warranty payable |
|
|
245,332 |
|
|
|
223,988 |
|
| Accrued taxes payable |
|
|
414,694 |
|
|
|
355,950 |
|
| Accrued payroll taxes payable |
|
|
140,294 |
|
|
|
- |
|
| Warrants payable |
|
|
350,516 |
|
|
|
77,761 |
|
| Accrued issuable equity |
|
|
872,682 |
|
|
|
324,894 |
|
| Accrued interest expense |
|
|
210,088 |
|
|
|
83,842 |
|
| Dividend payable |
|
|
752,000 |
|
|
|
293,200 |
|
| Other accrued expenses |
|
|
58,970 |
|
|
|
10,750 |
|
| |
|
$ |
7,650,394 |
|
|
$ |
5,146,724 |
|
|