Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

Accrued Expenses

3 Months Ended

Mar. 31, 2020

Note 6 – Accrued Expenses

Accrued expenses at March 31, 2020 (unaudited) and December 31, 2019 consisted of the following:

	March 31, 2020		December 31, 2019
Accrued payroll and related liabilities	$	8,244,169	$	7,859,739
Accrued interest		7,276,109		4,905,749
Accrued legal		1,233,997		1,308,997
Other accrued expenses		537,442		509,469
Accrued expenses	$	17,291,717	$	14,583,954

Accrued payroll and related liabilities at March 31, 2020 included approximately $1.4 million for penalties associated with $5.4 million of accrued past due payroll taxes. Accrued interest at March 31, 2020 and December 31, 2019 included accrued interest of $2.2 million and $1.9 million, respectively, on loans made to the Company by Mr. Diamantis, a former member of our Board of Directors.