Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

v3.20.1
ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2019
Payables And Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 8. ACCRUED EXPENSES

Accrued expenses consisted of the following at December 31, 2019 and 2018:

 

 

 

2019

 

 

2018

 

Payroll and related

 

$

747,458

 

 

$

1,136,808

 

Interest

 

 

520,671

 

 

 

—

 

Commissions and royalties

 

 

78,528

 

 

 

113,462

 

Income tax payable

 

 

64,832

 

 

 

82,091

 

Other

 

 

39,390

 

 

 

45,300

 

Total accrued expenses

 

$

1,450,879

 

 

$

1,377,661