Annual report pursuant to Section 13 and 15(d)

Accounts Payable and Accrued Expenses

v3.3.1.900
Accounts Payable and Accrued Expenses
 12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Accounts Payable and Accrued Expenses

11. ACCOUNTS PAYABLE AND ACCRUED Expenses

 

Accounts payable and accrued expenses are summarized as follows:

 

    December 31, 2015     December 31, 2014  
             
Accounts payable   $ 4,086,566     $ 3,382,818  
Accrued taxes (VAT, GST, Sales, Payroll)     1,010,584       1,604,829  
Accrued income taxes     27,709       92,618  
Accrued interest     380,406       499,866  
    $ 5,505,265     $ 5,580,131