Quarterly report pursuant to Section 13 or 15(d)

Trade and Other Payables

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Trade and Other Payables
 9 Months Ended
Sep. 30, 2015
Payables and Accruals [Abstract]  
Trade and Other Payables

Note 9 - Trade and Other Payables

 

Trade and other payables as of September 30, 2015 and December 31, 2014 are as follows:

 

    2015     2014  
Trade Payables   $ 404,942     $ 377,898  
Accrued Expenses     716,601       1,100,782  
Legal Settlements Payable     75,000       -  
Deferred Compensation     59,750       59,750  
    $ 1,256,293     $ 1,538,430  

 

Trade and other payables are non-interest bearing and are normally settled on 30 day terms.