Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

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Accrued Expenses (Tables)
 3 Months Ended
Mar. 31, 2018
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses

Accrued expenses consist of the following:

 

    March 31, 2018     December 31, 2017  
    (unaudited)        
Accrued host fees   $ 1,535,088     $ 1,657,663  
Accrued professional, board and other fees     404,528       2,683,557  
Accrued wages     15,142       1,016,563  
Accrued commissions     500       883,763  
Warranty payable     168,000       171,000  
Accrued taxes payable     559,060       551,190  
Accrued payroll taxes payable     528,371       632,078  
Accrued interest expense     38,367       347,027  
Accrued lease termination costs     -       300,000  
Accrued settlement reserve costs     100,000       12,980,588  
Dividend payable     -       1,892,800  
Other accrued expenses     53,866       19,115  
Total accrued expenses   $ 3,402,922     $ 23,135,344

Schedule of Accrued Professional Board and Other Fees

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

 

    March 31, 2018     December 31, 2017  
    (unaudited)        
Investment banking fees   $ -     $ 860,183  
Legal fees related to public offering     -       436,715  
Professional fees     249,983       684,673  
Board fees     147,737       608,945  
Other     6,808       93,041  
Total accrued professional, board and other fees   $ 404,528     $ 2,683,557