Quarterly report pursuant to Section 13 or 15(d)

Trade and Other Payables

v3.5.0.2
Trade and Other Payables
 6 Months Ended
Jun. 30, 2016
Payables and Accruals [Abstract]  
Trade and Other Payables

Note 8 - Trade and Other Payables

 

Trade and other payables as of June 30, 2016 and December 31, 2015 are as follows:

 

    2016     2015  
Trade Payables   $ 835,055     $ 538,449  
Accrued Expenses     650,897       1,020,532  
Legal Settlements Payable     20,000       50,000  
Deferred Compensation     59,750       59,750  
    $ 1,565,702     $ 1,668,731  

 

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