Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

v3.21.1
ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2020
Payables And Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 8. ACCRUED EXPENSES

Accrued expenses consisted of the following at December 31, 2020 and 2019:

 

 

 

2020

 

 

2019

 

Share redemption consideration

 

$

510,776

 

 

$

510,776

 

Commissions and royalties

 

 

398,096

 

 

 

78,528

 

Payroll and related

 

 

173,487

 

 

 

747,458

 

Income tax payable

 

 

95,879

 

 

 

64,832

 

Interest

 

 

42,218

 

 

 

9,895

 

Other

 

 

65,877

 

 

 

39,390

 

Total accrued expenses

 

$

1,286,333

 

 

$

1,450,879