Quarterly report pursuant to Section 13 or 15(d)

Trade and Other Payables

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Trade and Other Payables
 3 Months Ended
Mar. 31, 2016
Payables and Accruals [Abstract]  
Trade and Other Payables

Note 8 - Trade and Other Payables

 

Trade and other payables as of March 31, 2016 and December 31, 2015 are as follows:

 

    2016     2015  
Trade Payables   $ 694,900     $ 538,449  
Accrued Expenses     753,523       1,020,532  
Legal Settlements Payable     35,000       50,000  
Deferred Compensation     59,750       59,750  
    $ 1,543,173     $ 1,668,731  

 

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