Annual report pursuant to Section 13 and 15(d)

Trade and Other Payables

v3.3.1.900
Trade and Other Payables
 12 Months Ended
Dec. 31, 2015
Payables and Accruals [Abstract]  
Trade and Other Payables

Note 10 - Trade and Other Payables

 

Trade and other payables as of December 31, 2015 and 2014 are as follows:

 

    2015     2014  
Trade Payables   $ 538,449     $ 377,898  
Accrued Expenses     1,020,532       1,100,782  
Legal Settlements Payable     50,000       -  
Deferred Compensation     59,750       59,750  
    $ 1,668,731     $ 1,538,430  

 

Trade and other payables are non-interest bearing and are normally settled on 30 – 60 day terms.