|
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. |
|