Quarterly report pursuant to Section 13 or 15(d)

7. Accrued Liabilities - Current

7. Accrued Liabilities - Current
3 Months Ended
Mar. 31, 2018
Payables and Accruals [Abstract]  
Accrued Liabilities - Current

Note 7: Accrued Liabilities – Current


As of March 31, 2018, and December 31, 2017, the Company has the following current accrued liabilities:



March 31, 2018

    December 31, 2017  
Accrued Salaries and Wages (a)   $ 174,227     $ 168,549  
Disputed Trade Payables (b)     925,000       925,000  
Other Accrued Expenses (c)     2,405,987       1,717,970  
Total Accrued Liabilities - Current   $ 3,505,214     $ 2,811,519  


  (a) Accrued Salaries and Wages represent accrued vacation payable to employees.
  (b) As part of the Merger in 2013, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability. As of March 31, 2018, the Company believes that the statute of limitations applicable to the assertion of any legal claim relating to the collection of these liabilities has expired and therefore believes this liability is uncollectible.
  (c) Other Accrued Expenses include estimates of expenses incurred but not yet recorded.