Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Note 9. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    June 30,     December 31,  
    2016     2015  
                 
Accounts payable   $ 1,903,983     $ 1,105,994  
Accrued taxes     1,318,967       -  
Accrued expenses     2,445,705       -  
Accrued interest     91,527       103,465  
    $ 5,760,182     $ 1,119,459