Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses (Tables)

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Accrued Expenses (Tables)
 9 Months Ended
Sep. 30, 2018
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses

Accrued expenses consist of the following:

 

    September 30, 2018     December 31, 2017  
    (unaudited)        
Accrued host fees   $ 1,251,553     $ 1,657,663  
Accrued professional, board and other fees     182,581       2,683,557  
Accrued wages     373,898       1,016,563  
Accrued commissions     2,300       883,763  
Warranty payable     121,000       171,000  
Accrued taxes payable     646,841       551,190  
Accrued payroll taxes payable     -       632,078  
Accrued interest expense     32,034       347,027  
Accrued lease termination costs     -       300,000  
Accrued settlement reserve costs     -       12,980,588  
Dividend payable     -       1,892,800  
Other accrued expenses     127,137       19,115  
Total accrued expenses   $ 2,737,344     $ 23,135,344  

Schedule of Accrued Professional, Board and Other Fees

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

 

    September 30, 2018     December 31, 2017  
    (unaudited)        
Investment banking fees   $ -     $ 860,183  
Legal fees related to public offering     -       436,715  
Professional fees     179,319       684,673  
Board fees     -       608,945  
Other     3,263       93,041  
Total accrued professional, board and other fees   $ 182,582     $ 2,683,557