Annual report pursuant to Section 13 and 15(d)

6. Accrued Expenses

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6. Accrued Expenses
 12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
Accrued Expenses

Accrued expenses at December 31, 2016 and 2015 consisted of the following:

 

    December 31,     December 31,  
    2016     2015  
             
Commissions payable   $ 44,788     $ 106,915  
Dividends payable     –       2,099,148  
Accrued payroll and related liabilities     1,604,597       1,461,019  
Accrued bonuses     –       50,628  
Accrued interest     1,491,509       556,646  
Other accrued expenses     994,253       1,011,099  
Accrued expenses   $ 4,135,147     $ 5,285,455