Quarterly report pursuant to Section 13 or 15(d)

7. Accrued Liabilities - Current

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7. Accrued Liabilities - Current
9 Months Ended
Sep. 30, 2018
Payables and Accruals [Abstract]  
Accrued Liabilities - Current

Note 7: Accrued Liabilities – Current

 

As of September 30, 2018, and December 31, 2017, the Company had the following current accrued liabilities:

 

   

September 30,

2018

   

December 31,

2017

 
Accrued Salaries and Wages (a)   $ 131,551     $ 168,549  
Participations Payable (b)     1,001,730       697,513  
Other Accrued Expenses (c)     331,061       1,020,457  
Total Accrued Liabilities - Current   $ 1,464,342     $ 1,886,519  

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  (a) Accrued Salaries and Wages represent accrued vacation payable to employees.
  (b)  Participations Payable represents amounts due to third party participants based on cash collected as of September 30,2018
  (c) Other Accrued Expenses include estimates of expenses incurred but not yet recorded.