Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Note 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    September 30,     December 31,  
    2016     2015  
             
Accounts payable   $ 2,179,783     $ 1,105,994  
Sales tax payable     226,319       -  
Accrued expenses     3,734,367       -  
Interest payable     246,390       103,465  
    $ 6,386,859     $ 1,119,459