Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.19.3
Accrued Expenses
 12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Accrued Expenses

Note 7 – Accrued Expenses

 

Accrued expenses at December 31, 2018 and 2017 consisted of the following:

 

    December 31, 2018     December 31, 2017  
             
Commissions payable   $ 19,113     $ 24,470  
Sales tax payable     8,016       -  
Accrued payroll and related liabilities     3,400,052       897,088  
Accrued property tax     47,396       -  
Accrued interest    

5,464,837

       2,636,057  
Other accrued expenses     1,771,867       1,409,790  
Accrued expenses   $

10,711,281

     $ 4,967,405  

 


Accrued expenses at December 31, 2018 include $4.9 million of accrued interest due under the terms of a settlement agreement for a prepaid forward purchase contract related to an accounts receivable financing, as more fully discussed in Note 8.